secwatch.observer — SEC 8-K summary
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Issuer:     Iridium Communications Inc. (IRDM)
CIK:        0001418819
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001628280-25-035834
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Iridium Q2 net income $22M, OEBITDA up 6%; lowers service revenue guidance; dividend raised to $0.15
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- Net income $22.0M ($0.20 diluted EPS) vs $32.3M ($0.27) in Q2 2024; OEBITDA $121.3M, up 6% YoY.
- Total revenue $216.9M, up 8% YoY; service revenue $155.6M (+2%); equipment $19.5M (-15%); engineering & support $41.9M (+62%).
- Board declared Q3 dividend $0.15/share, up from $0.14 (5.5% annual increase), payable Sep 30, record Sep 15.
- Company repurchased 2.6M shares for $65M in Q2; $295.3M remaining under buyback authorization.
- Updated FY2025 outlook: service revenue growth 3-5% (prev 5-7%); OEBITDA reaffirmed $490-500M; net leverage 3.6x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1418819/000162828025035834/0001628280-25-035834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1418819/000162828025035834/irdm-20250724.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-035834

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