iridium communications inc. is the only mobile satellite service (mss) company offering pole-to-pole coverage over the entire globe. the iridium constellation of low-earth orbiting (leo), cross-linked satellites provides critical voice and data services for areas not served by terrestrial communication networks. iridium's subscriber growth has been driven by increasing demand for reliable, secure, global communications. iridium serves commercial markets through a worldwide network of hundreds of distributors, and provides services to the u.s. department of defense, and other u.s. and international government agencies. the company's worldwide customer base represent a broad spectrum of industry, including maritime, aeronautical, government/defense, public safety, utilities, oil/gas, mining, forestry, heavy equipment and transportation. iridium is in the planning and development phase for its next-generation satellite constellation, iridium next, which will begin launching and 2015 and r
Company profile
Ticker
IRDM
Exchange
Website
CEO
Matthew Desch
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Esco • Lumentum • UTStarcom • Turtle Beach • Senstar Technologies • Inseego • Iteris • NAPCO Security • PowerFleet • Track ...
Former names
GHL Acquisition Corp.
SEC CIK
Corporate docs
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
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
24 Jul 24
10-Q
2024 Q2
Quarterly report
23 Jul 24
8-K
Iridium Announces Second-Quarter 2024 Results
23 Jul 24
8-K
Entry into a Material Definitive Agreement
5 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
23 May 24
SD
Conflict minerals disclosure
20 May 24
10-Q
2024 Q1
Quarterly report
18 Apr 24
8-K
Iridium Announces First-Quarter 2024 Results
18 Apr 24
ARS
2023 FY
Annual report to shareholders
1 Apr 24
DEF 14A
Definitive proxy
29 Mar 24
Transcripts
IRDM
Earnings call transcript
2024 Q2
23 Jul 24
IRDM
Earnings call transcript
2024 Q1
18 Apr 24
IRDM
Earnings call transcript
2023 Q4
15 Feb 24
IRDM
Earnings call transcript
2023 Q3
19 Oct 23
IRDM
Earnings call transcript
2023 Q2
25 Jul 23
IRDM
Earnings call transcript
2023 Q2
25 Jul 23
IRDM
Earnings call transcript
2023 Q1
20 Apr 23
IRDM
Earnings call transcript
2022 Q4
16 Feb 23
IRDM
Earnings call transcript
2022 Q3
20 Oct 22
IRDM
Earnings call transcript
2022 Q2
26 Jul 22
Latest ownership filings
Financial summary
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Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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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) | 63.54 mm | 63.54 mm | 63.54 mm | 63.54 mm | 63.54 mm | 63.54 mm |
Cash burn (monthly) | 36.83 mm | 3.33 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 33.16 mm | 2.99 mm | n/a | n/a | n/a | n/a |
Cash remaining | 30.38 mm | 60.55 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 0.8 | 18.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
91.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 318 |
Opened positions | 271 |
Closed positions | 6 |
Increased positions | 20 |
Reduced positions | 16 |
13F shares | Current |
---|---|
Total value | 2.44 tn |
Total shares | 110.60 mm |
Total puts | 284.70 k |
Total calls | 1.36 mm |
Total put/call ratio | 0.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 12.09 mm | $316.28 bn |
Bamco | 11.93 mm | $311.98 bn |
BLK Blackrock | 11.67 mm | $305.38 bn |
Baralonco | 10.43 mm | $419.60 mm |
STT State Street | 4.18 mm | $109.28 bn |
Silver Heights Capital Management | 3.48 mm | $91.08 bn |
Van Berkom & Associates | 3.33 mm | $87.06 mm |
ARK Investment Management | 2.57 mm | $67.31 bn |
Clearbridge Advisors | 2.27 mm | $59.37 bn |
Geode Capital Management | 2.12 mm | $55.40 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jul 24 | Kathleen A. Morgan | Common Stock | Payment of exercise | Dispose F | No | No | 26.62 | 647 | 17.22 k | 74,640 |
28 Jun 24 | Canfield Thomas C | Common Stock | Grant | Acquire A | No | No | 0 | 1,054.2 | 0.00 | 201,513.8 |
28 Jun 24 | Jacqueline E Yeaney | Common Stock | Grant | Acquire A | No | No | 0 | 39.6 | 0.00 | 7,567.5 |
28 Jun 24 | Kay Sears | Common Stock | Grant | Acquire A | No | No | 0 | 26.6 | 0.00 | 12,341.8 |
28 Jun 24 | Olson Eric T | Common Stock | Grant | Acquire A | No | No | 0 | 676 | 0.00 | 134,161.8 |
News
BWS Financial Reiterates Neutral on Iridium Comms, Maintains $30 Price Target
24 Jul 24
Barclays Maintains Overweight on Iridium Comms, Raises Price Target to $45
24 Jul 24
Danaher Posts Upbeat Earnings, Joins Spotify, MSCI, Owens & Minor And Other Big Stocks Moving Higher On Tuesday
23 Jul 24
Iridium Surges On Strong Subscriber Growth: 'We Plan To Continue Being Aggressive,' CEO Says
23 Jul 24
Iridium Communications Reiterated FY24 Service Revenue Growth of 4%-6%, OEBITDA of $460M-$470M
23 Jul 24
Press releases
Iridium Announces Second-Quarter 2024 Results
23 Jul 24
Iridium Receives 2024 James S. Cogswell Outstanding Industrial Security Achievement Award
10 Jul 24
Iridium Satellite Time and Location Service Activated for Europe and Asia Pacific Regions
20 Jun 24
Iridium Satellite Time and Location Service Activated for Europe and Asia Pacific Regions
20 Jun 24
Iridium Awarded Five-Year, $94 Million Contract by Space Systems Command
4 Jun 24