{"schema_version":"secwatch.filing_event.v1","accession":"0001418819-23-000032","form_type":"8-K","ticker":"IRDM","cik":"0001418819","company_name":"Iridium Communications Inc.","filed_at":"2023-10-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.003398+00:00","generated_at":"2026-06-09T20:21:06.388775+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Iridium Q3 net loss $1.6M; record OEBITDA $121.3M, +12% YoY; rev $197.6M +7%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001418819-23-000032","json":"https://secwatch.observer/filing/0001418819-23-000032.json","markdown":"https://secwatch.observer/filing/0001418819-23-000032.md","text":"https://secwatch.observer/filing/0001418819-23-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1418819/000141881923000032/0001418819-23-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1418819/000141881923000032/irdm-20231019.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T20:21:06.388775+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4dc7b4ff422968956135325cc0919da0a60af524","claim":"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.","evidence_excerpt":"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%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1418819/000141881923000032/0001418819-23-000032-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$197.6 million"},{"label":"Net income","value":"$1.6 million"},{"label":"EPS","value":"$0.01 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}