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Iridium Communications Inc (IRDM.OQ)

IRDM.OQ on NASDAQ Stock Exchange Global Select Market

17.05USD
18 Jun 2018
Change (% chg)

$-0.12 (-0.73%)
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Open
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Volume
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Latest Key Developments (Source: Significant Developments)

Iridium Communications Prices Offering Of Senior Unsecured Notes
Friday, 16 Mar 2018 12:42pm EDT 

March 16 (Reuters) - Iridium Communications Inc ::IRIDIUM COMMUNICATIONS INC. PRICES OFFERING OF SENIOR UNSECURED NOTES.IRIDIUM COMMUNICATIONS INC - ‍PRICED $360 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF ITS SENIOR UNSECURED NOTES DUE 2023​.IRIDIUM COMMUNICATIONS - THE NOTES WILL BEAR INTEREST AT 10.250% PER ANNUM AND WILL MATURE ON APRIL 15, 2023.  Full Article

Iridium Communications Announces Proposed Private Offering
Friday, 9 Mar 2018 07:09am EST 

March 9 (Reuters) - Iridium Communications Inc ::IRIDIUM COMMUNICATIONS INC. ANNOUNCES PROPOSED PRIVATE OFFERING.IRIDIUM COMMUNICATIONS INC - COMMENCEMENT OF A PRIVATE OFFERING OF $360 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR NOTES DUE 2023.  Full Article

Iridium Q4 Earnings Per Share $1.10
Thursday, 22 Feb 2018 07:01am EST 

Feb 22 (Reuters) - Iridium Communications Inc ::IRIDIUM ANNOUNCES FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS; COMPANY ISSUES 2018 OUTLOOK.Q4 EARNINGS PER SHARE $1.10.Q4 REVENUE $115.5 MILLION.‍EXPECTS TOTAL SERVICE REVENUE OF APPROXIMATELY $440 MILLION FOR FULL-YEAR 2019​.‍EXPECTS OEBITDA MARGIN OF APPROXIMATELY 60% IN 2019​.‍EXPECTS TOTAL SERVICE REVENUE GROWTH BETWEEN 10% AND 12% FOR FULL-YEAR 2018​.SEES ‍FULL-YEAR 2018 OEBITDA BETWEEN $280 MILLION AND $290 MILLION​.Q4 EARNINGS PER SHARE VIEW $0.10, REVENUE VIEW $111.7 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Iridium announces Q3 earnings per share $0.23
Thursday, 26 Oct 2017 07:01am EDT 

Oct 26 (Reuters) - Iridium Communications Inc :Iridium announces third-quarter 2017 results; updates 2017 outlook.Q3 earnings per share $0.23.Q3 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.Q3 revenue $116.5 million versus I/B/E/S view $114 million.Iridium Communications Inc - ‍Affirmed full-year 2017 outlook for total service revenue growth​.Iridium Communications- ‍Also affirmed long-range outlook for total service revenue growth, oebitda margin, peak net leverage and 2019 net leverage​.  Full Article

Iridium says entered into supplemental agreement with Société Générale, as BPIAE agent
Thursday, 27 Jul 2017 08:01am EDT 

July 27 (Reuters) - Iridium Communications Inc :Iridium communications says on july 26, entered into supplemental agreement with Société Générale, as bpiae agent, under bpiae facility agreement - sec filing.Iridium communications inc - credit facility delays $54 million of our 2017 dsra contributions, provides a refund of $33 million in contributions made to date.Iridium - credit facility provides for refund of extra $11 million in contributions made in event that projected available cash falls below $35 million on 3-montth.Iridium communications inc - credit facility also requires that we suspend payment of dividends on our 7% series a cumulative perpetual convertible preferred stock.Iridium - credit facility requires that co suspend payment of dividends on 6.75% series b cumulative perpetual convertible preferred stock for 5 quarters.Iridium communications - on july 26, co entered into amendments 28, 29 to full scale development contract with thales alenia space france sas.Iridium communications - under amendment 28, we agreed with thales that liquidated damages for thales production delays to date would be set at $30 million.Iridium communications inc - $30 million received to be used only to offset costs otherwise payable by us to thales under fsd.Iridium communications inc - costs payable by co to thales for non-thales delays exceeding $30 million would be payable in cash.  Full Article

Iridium Communications Q2 earnings per share $0.20
Thursday, 27 Jul 2017 07:00am EDT 

July 27 (Reuters) - Iridium Communications Inc ::Iridium announces second-quarter 2017 results; company affirms 2017 outlook.Q2 earnings per share $0.20.Q2 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.Q2 revenue $111.6 million versus I/B/E/S view $109.2 million.Iridium Communications Inc says company affirmed its full-year 2017 outlook for total service revenue growth and oebitda.Sees total service revenue between $440 million and $465 million for full-year 2019.FY 2017 earnings per share view $0.87, revenue view $437.8 million -- Thomson Reuters I/B/E/S.  Full Article

Iridium Communications posts Q1 EPS of $0.30
Thursday, 27 Apr 2017 07:00am EDT 

April 27 (Reuters) - Iridium Communications Inc :Iridium announces first-quarter 2017 results; company affirms 2017 and long-range outlook.Q1 earnings per share $0.30.Q1 revenue $104.4 million.Says company affirmed its full-year 2017 outlook for total service revenue growth and oebitda.Q1 earnings per share view $0.20, revenue view $105.2 million -- Thomson Reuters I/B/E/S.  Full Article

Iridium Communications annouces new partnership with Lindsey Manufacturing
Thursday, 20 Apr 2017 08:01am EDT 

April 20 (Reuters) - Iridium Communications Inc :New partnership with Lindsey Manufacturing.  Full Article

Iridium Q4 earnings per share $0.19
Thursday, 23 Feb 2017 07:00am EST 

Iridium Communications Inc : Iridium announces fourth-quarter and full-year 2016 results; company issues 2017 outlook . Q4 earnings per share $0.19 . Q4 earnings per share view $0.20 -- Thomson Reuters I/B/E/S . Q4 revenue $107.4 million versus I/B/E/S view $107.8 million . Affirmed long-range outlook and issued 2017 full-year guidance . Iridium communications inc sees total service revenue growth between 3% and 5% for full-year 2017 .Iridium communications inc sees full-year 2017 OEBITDA between $255 million and $265 million.  Full Article

Iridium to enter into a separate development services contract with Boeing
Wednesday, 30 Nov 2016 07:30am EST 

Iridium Communications Inc - : Iridium and Boeing restructure relationship to help ensure smooth transition into the Iridium next era . In addition, Iridium will enter into a separate development services contract with Boeing . Affected Boeing employees working in Iridium satellite constellation to be offered positions within Iridium .As per agreement, co to hire majority of Boeing team that does operations/maintenance on co's satellites, beginning January 3, 2017.  Full Article

Inmarsat faces U.S., Chinese competition in maritime safety

LONDON Britain's Inmarsat will lose its monopoly in maritime safety communications after the International Maritime Organisation gave Iridium and China's BeiDou Navigation Satellite System the green light to develop competing systems.