secwatch.observer — SEC 8-K summary
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Issuer:     Iridium Communications Inc. (IRDM)
CIK:        0001418819
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001628280-25-005300
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Iridium Q4 2024: revenue $213M (+9% YoY), OEBITDA $117.1M; returns $469M to shareholders in 2024
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- Q4 net income $36.3M ($0.32 diluted EPS) vs $38M ($0.30) YoY; full-year net income $112.8M ($0.94) vs $15.4M ($0.12).
- Q4 total revenue $213M (+9% YoY); service revenue $154M (+4%); commercial IoT revenue $41.4M (+15%) to 1.887M subscribers.
- Full-year OEBITDA $470.6M (+2% vs $463.1M); returned record $469M to shareholders via dividends and share repurchases.
- 2025 outlook: service revenue growth 5-7%; OEBITDA $490-500M; net leverage 3.6x OEBITDA at Dec 2024.
- Total billable subscribers 2.46M (+8% YoY); commercial IoT subscribers grew 10% to 1.887M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418819/000162828025005300/0001628280-25-005300-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418819/000162828025005300/irdm-20250213.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-005300

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