Iridium Communications (IRDM)

Company Profile

Iridium® is the only mobile voice and data satellite communications network that spans the entire globe. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. In 2019, the company completed a generational upgrade of its satellite network and launched its new specialty broadband service, Iridium Certus. Iridium Communications Inc. is headquartered in McLean, Va., U.S.A.

Company profile

Ticker

IRDM

Exchange

NASDAQ

Website

www.iridium.com

CEO

Matthew Desch

Incorporated

Delaware

Location

Virginia

Fiscal year end

Dec 31

Sector

Manufacturing > Other Communications Equipment Manufacturing

Industry (SIC)

Communications Equipment, NEC

Esco • Lumentum • UTStarcom • Inseego • Senstar Technologies • Iteris • NAPCO Security • PowerFleet • Vocera Communications • Wireless Telecom ...

Former names

GHL Acquisition Corp.

SEC CIK

0001418819

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Iridium Blocker-B Inc. • Syncom-Iridium Holdings Corp. • Iridium Holdings LLC • Iridium Satellite LLC • Iridium Constellation LLC • Iridium Carrier Holdings LLC • Iridium Carrier Services LLC • Iridium Government Services LLC • Iridium Satellite SA LLC • Iridium Serviços de Satélites S.A. ...

IRS number

221344998

IRDM stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$74.00

Low target

$72.00

High target

$76.00

Latest filings (excl ownership)

View all

Conflict minerals disclosure

26 May 23

8-K

Departure of Directors or Certain Officers

20 Apr 23

Iridium Announces First Quarter 2023 Results

20 Apr 23

ARS

2022 FY

Annual report to shareholders

17 Mar 23

Departure of Directors or Certain Officers

16 Feb 23

Iridium Announces 2022 Results; Company Issues 2023 Outlook

16 Feb 23

8-K

Departure of Directors or Certain Officers

15 Feb 23

Transcripts

View all

IRDM

Earnings call transcript

2022 Q3

20 Oct 22

IRDM

Earnings call transcript

2022 Q2

26 Jul 22

IRDM

Earnings call transcript

2022 Q1

19 Apr 22

IRDM

Earnings call transcript

2021 Q4

17 Feb 22

IRDM

Earnings call transcript

2021 Q3

19 Oct 21

IRDM

Earnings call transcript

2021 Q2

20 Jul 21

IRDM

Earnings call transcript

2021 Q1

20 Apr 21

IRDM

Earnings call transcript

2020 Q4

12 Feb 21

IRDM

Earnings call transcript

2020 Q3

20 Oct 20

IRDM

Earnings call transcript

2020 Q2

28 Jul 20

Latest ownership filings

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144

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Notice of proposed sale of securities

Financial summary

Financial statements Chart IRDM financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	126.59 mm	126.59 mm	126.59 mm	126.59 mm	126.59 mm	126.59 mm
Cash burn (monthly)	14.06 mm	8.79 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	29.21 mm	18.25 mm	n/a	n/a	n/a	n/a
Cash remaining	97.38 mm	108.34 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	6.9	12.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

IRDM institutional ownership history Ownership history

90.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	357	354	+0.8%
Opened positions	54	63	-14.3%
Closed positions	51	27	+88.9%
Increased positions	113	96	+17.7%
Reduced positions	132	135	-2.2%

13F shares	Current	Prev Q	Change
Total value	6.39 tn	5.33 tn	+19.8%
Total shares	113.80 mm	114.64 mm	-0.7%
Total puts	207.10 k	232.90 k	-11.1%
Total calls	415.90 k	271.20 k	+53.4%
Total put/call ratio	0.5	0.9	-42.0%

Largest owners	Shares	Value	Change
Bamco	14.44 mm	$894.30 bn	-0.5%
BLK Blackrock	14.06 mm	$870.68 bn	-4.8%
Vanguard	12.55 mm	$777.48 bn	-1.3%
Baralonco	10.43 mm	$419.60 mm	0.0%
Capital International Investors	7.73 mm	$478.98 bn	-1.8%
STT State Street	4.81 mm	$297.99 bn	-1.8%
Geode Capital Management	2.51 mm	$155.29 bn	+5.8%
Silver Heights Capital Management	2.43 mm	$150.50 bn	-0.1%
Dimensional Fund Advisors	2.10 mm	$130.19 bn	-13.8%
IVZ Invesco	2.09 mm	$129.27 bn	-19.9%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0.00	-1.15 mm	EXIT
Citadel Advisors	1.24 mm	+957.64 k	+343.8%
BLK Blackrock	14.06 mm	-711.98 k	-4.8%
MNGPF Man	0.00	-535.35 k	EXIT
IVZ Invesco	2.09 mm	-519.16 k	-19.9%
American Century Companies	90.67 k	-462.71 k	-83.6%
FMR	867.51 k	+455.67 k	+110.6%
Braun Stacey Associates	438.21 k	+438.21 k	NEW
Dimensional Fund Advisors	2.10 mm	-336.27 k	-13.8%
Waratah Capital Advisors	321.21 k	+321.21 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

IRDM insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 May 23	Bryan J. Hartin	Common Stock	Sell	Dispose S	No	No	64.8	27,835	1.80 mm	65,101
3 May 23	Bryan J. Hartin	Common Stock	Option exercise	Acquire M	No	No	9.45	11,335	107.12 k	92,936
3 May 23	Bryan J. Hartin	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	9.45	11,335	107.12 k	0
1 May 23	Niehaus Robert H	Common Stock	Sell	Dispose S	No	No	64.49	11,344	731.57 k	246,873.7
1 May 23	Niehaus Robert H	Common Stock	Sell	Dispose S	No	No	63.49	44,432	2.82 mm	258,217.7
1 May 23	Niehaus Robert H	Common Stock	Option exercise	Acquire M	No	No	6.2	55,776	345.81 k	302,649.7
1 May 23	Niehaus Robert H	Stock Option Common Stock	Option exercise	Dispose M	No	No	2.51	55,776	140.00 k	0
25 Apr 23	Bryan J. Hartin	Common Stock	Sell	Dispose S	No	No	66.01	8,129	536.60 k	81,601
25 Apr 23	Bryan J. Hartin	Common Stock	Option exercise	Acquire M	No	No	9.45	3,697	34.94 k	89,730
25 Apr 23	Bryan J. Hartin	Employee Stock Option Common Stock	Option exercise	Dispose M	No	No	9.45	3,697	34.94 k	11,335