---
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"
generated_at: "2026-06-09T20:21:06.388775+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418819-23-000032
- JSON: https://secwatch.observer/filing/0001418819-23-000032.json
- Plain text: https://secwatch.observer/filing/0001418819-23-000032.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1418819/000141881923000032/0001418819-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.