---
schema_version: "secwatch.filing_event.v1"
accession: "0001418819-24-000006"
form_type: "8-K"
ticker: "IRDM"
cik: "0001418819"
company_name: "Iridium Communications Inc."
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:00:07.100185+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Iridium Q4 net income $38M; extends satellite life; raises dividend, guides 2024 OEBITDA $460-470M

## Summary
- Q4 net income $38.0M ($0.30 diluted EPS) vs net loss $0.8M prior year; OEBITDA $114.1M up 7% YoY.
- Full-year 2023 revenue record $790.7M up 10%; OEBITDA $463.1M up 9%; net income $15.4M vs $8.7M.
- Satellites' useful life extended by 5 years to 17.5 years, reducing depreciation and supporting capex holiday.
- Board declared Q1 dividend $0.13/share; plans to raise to $0.14/share in Q2 2024, a 5.8% increase.
- 2024 guidance: service revenue growth 4-6%, OEBITDA $460-470M; cash taxes <$10M through 2026.

## SEC filing metadata
- accession: 0001418819-24-000006
- form_type: 8-K
- ticker: IRDM
- cik: 0001418819
- company_name: Iridium Communications Inc.
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1418819/000141881924000006/0001418819-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418819/000141881924000006/irdm-20240215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418819-24-000006
- JSON: https://secwatch.observer/filing/0001418819-24-000006.json
- Plain text: https://secwatch.observer/filing/0001418819-24-000006.txt

## Key facts
- Earnings Releases
  Iridium Communications Inc. reported fourth quarter and fiscal year ended December 31, 2023 results: revenue total revenue of $194.7 million (Q4), record total revenue in 2023 of $790.7 million, net income $38.0 million (Q4), $15.4 million (full year 2023), EPS $0.30 per diluted share (Q4), $0.12 per diluted share (full year 2023). Guidance initiated.
  - Period: fourth quarter and fiscal year ended December 31, 2023
  - Revenue: total revenue of $194.7 million (Q4), record total revenue in 2023 of $790.7 million
  - Net income: $38.0 million (Q4), $15.4 million (full year 2023)
  - EPS: $0.30 per diluted share (Q4), $0.12 per diluted share (full year 2023)
  - Guidance: initiated
  - Result: reported results
  source text: Net income was $38.0 million, or $0.30 per diluted share, for the fourth quarter of 2023, as compared to net loss of $0.8 million, or $0.01 per diluted share, for the fourth quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1418819/000141881924000006/0001418819-24-000006-index.htm

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