Iridium Q1: Net income $9.8M (EPS $0.08), OEBITDA $111.9M (+8% YoY), revenue +22%

Iridium Communications Inc.

2024-Q1 EPS reported $0.08 revenue$205,273,000

Net income $9.8M ($0.08 diluted) vs $2.8M ($0.02) in Q1 2022; OEBITDA $111.9M (+8% YoY).
Total revenue $205.3M (+22% YoY); service revenue $139.3M (+10%); equipment $41.7M (+24%).
Paid inaugural dividend $0.13/share on March 30, 2023; repurchased $53.1M of stock in Q1.
Reiterated FY2023 outlook: service revenue growth 9-11%, OEBITDA $455-465M.
Commercial IoT subscribers +21% YoY to 1,501,000; total billable subscribers 2,051,000 (+15% YoY).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Iridium Communications Inc. reported the first quarter ended March 31, 2023 results: revenue $205.3 million, net income $9.8 million, EPS $0.08 per diluted share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $205.3 million
Net income: $9.8 million
EPS: $0.08 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

the prior-year period, representing a year-over-year increase of 8%. These results benefitted from growth in all business areas. Iridium reported first-quarter total revenue of $205.3 million, which consisted of $139.3 million of service revenue and $66.0 million of revenue related to equipment sales and engineering and support projects. Total revenue increased 22%

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

Iridium Communications Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-012129

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.