secwatch.observer — SEC 8-K summary
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Issuer:     Iridium Communications Inc. (IRDM)
CIK:        0001418819
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0001418819-24-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418819/000141881924000035/0001418819-24-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418819/000141881924000035/irdm-20240723.htm
  HTML page:      https://secwatch.observer/filing/0001418819-24-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer