Iridium Q4 net loss narrows to $0.8M; 2023 OEBITDA guidance $455-465M

Iridium Communications Inc.

2024-FY EPS reported $0.07 revenue$721,034,000

Q4 net loss $0.8M ($0.01/sh) vs $5.9M loss a year ago; full-year net income $8.7M ($0.07/sh).
Q4 total revenue $193.8M (+24% YoY); service revenue $136.8M (+8%); equipment record $39.3M.
Total billable subscribers 1,999,000 (+16% YoY); commercial IoT subs up 21% to 1,448,000.
2023 guidance: OEBITDA $455-465M (2022: $424M); service revenue growth 9-11%; cash taxes negligible.
Qualcomm partnership for Snapdragon Satellite direct-to-device service starting later 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Iridium Communications Inc. reported financial results for fourth quarter and fiscal year ended December 31, 2022.

Period: fourth quarter and fiscal year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 16, 2023, Iridium Communications Inc. issued a press release announcing its financial results for the fourth quarter and fiscal year ended December 31, 2022.

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Iridium Communications Inc. filing history →

Source: SEC EDGAR

accession 0001418819-23-000008

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