secwatch.observer — SEC 8-K summary
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Issuer:     Iridium Communications Inc. (IRDM)
CIK:        0001418819
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001628280-23-012129
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418819/000162828023012129/0001628280-23-012129-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418819/000162828023012129/irdm-20230420.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-012129

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