---
schema_version: "secwatch.filing_event.v1"
accession: "0001418819-24-000035"
form_type: "8-K"
ticker: "IRDM"
cik: "0001418819"
company_name: "Iridium Communications Inc."
filed_at: "2024-07-23T23:59:59+00:00"
generated_at: "2026-05-31T17:57:04.126341+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Iridium Q2 net income $32.3M vs loss last year; revenue up 4% to $201.1M

## Summary
- Net income $32.3M ($0.27 diluted EPS) vs net loss $30.7M in Q2 2023.
- Total revenue $201.1M (+4% YoY); service revenue $152.5M (+5%), 76% of total.
- OEBITDA $114M (-2% YoY); full-year 2024 OEBITDA guidance reiterated at $460-470M.
- Total billable subscribers 2.413M (+13% YoY); commercial IoT subs up 16% to 1.837M.
- Quarterly dividend increased to $0.14/share (+5.8%); repurchased 3.3M shares for $96.6M.

## SEC filing metadata
- accession: 0001418819-24-000035
- form_type: 8-K
- ticker: IRDM
- cik: 0001418819
- company_name: Iridium Communications Inc.
- filed_at: 2024-07-23T23:59:59+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/1418819/000141881924000035/0001418819-24-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1418819/000141881924000035/irdm-20240723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001418819-24-000035
- JSON: https://secwatch.observer/filing/0001418819-24-000035.json
- Plain text: https://secwatch.observer/filing/0001418819-24-000035.txt

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