---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-265692"
form_type: "8-K"
ticker: "IRDM"
cik: "0001418819"
company_name: "Iridium Communications Inc."
filed_at: "2022-10-20T23:59:59+00:00"
generated_at: "2026-06-23T02:15:39.658248+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Iridium Q3 net income $2.1M vs loss a year ago; OEBITDA record $107.8M; raises 2022 outlook

## Summary
- Total revenue $184.1M (+14% YoY); service revenue $139.0M (+9%); commercial IoT subs up 22% to 1.412M.
- Record OEBITDA $107.8M, margin 59%; net income $0.02/diluted share vs loss $0.02 in Q3 2021.
- Full-year 2022 outlook raised: service revenue growth 8-9%, OEBITDA ~$420M (previous $410-420M).
- Repurchased 1.8M shares for $80.2M in Q3; $187.2M remaining under $600M buyback program.
- Net debt $1.39B; cash $218.8M; gross debt $1.61B as of Sep 30, 2022.

## SEC filing metadata
- accession: 0001193125-22-265692
- form_type: 8-K
- ticker: IRDM
- cik: 0001418819
- company_name: Iridium Communications Inc.
- filed_at: 2022-10-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418819/000119312522265692/0001193125-22-265692-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418819/000119312522265692/d347240d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-265692
- JSON: https://secwatch.observer/filing/0001193125-22-265692.json
- Plain text: https://secwatch.observer/filing/0001193125-22-265692.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.