secwatch.observer — SEC 8-K summary
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Issuer:     Iridium Communications Inc. (IRDM)
CIK:        0001418819
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001418819-23-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418819/000141881923000008/0001418819-23-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418819/000141881923000008/irdm-20230216.htm
  HTML page:      https://secwatch.observer/filing/0001418819-23-000008

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer