secwatch.observer — SEC 8-K summary
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Issuer:     Iridium Communications Inc. (IRDM)
CIK:        0001418819
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0001193125-22-265692
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418819/000119312522265692/0001193125-22-265692-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418819/000119312522265692/d347240d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-265692

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