Iridium Q3 net loss $1.6M; record OEBITDA $121.3M, +12% YoY; rev $197.6M +7%

Iridium Communications Inc.

2024-Q3 EPS reported -$0.18 revenue$595,983,000

Net loss of $1.6M ($0.01/diluted) vs net income $2.1M ($0.02) in Q3 2022; loss due to credit facility refinancing costs.
Total revenue $197.6M (+7% YoY); service revenue $152M (+9%) was 77% of total; commercial service rev $125.5M (+12%).
Operational EBITDA record $121.3M (+12% YoY); FY2023 OEBITDA guidance raised to $460-465M.
Total billable subscribers 2.236M (+13% YoY); commercial IoT subscribers up 18% to 1.667M.
Equipment revenue $20.4M (-27% YoY); engineering & support rev $25.2M (+47% YoY) due to govt activity.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Iridium Communications Inc. reported third quarter ended September 30, 2023 results: revenue $197.6 million, net income $1.6 million, EPS $0.01 per diluted share. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $197.6 million
Net income: $1.6 million
EPS: $0.01 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

fully offset strong revenue growth in Iridium’s commercial service lines and an increase in engineering and support revenue. Iridium reported third-quarter total revenue of $197.6 million, which consisted of $152.0 million of service revenue and $45.6 million of revenue related to equipment sales and engineering and support projects. Total revenue increased 7%

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Iridium Communications Inc. filing history →

Source: SEC EDGAR

accession 0001418819-23-000032

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.