Iridium Communications, Inc. (NASDAQ:IRDM)

About the company

Iridium Communications, Inc. is a mobile voice and data satellite communications network. Its satellite network provides communication where terrestrial wireless or wireline networks do not exist or are limited. The company's principal lines of business include Land Mobile, Maritime, Aviation, and Government. The Land Mobile business engages in the provision of mobile satellite communications services to the land mobile sector, providing handset services to areas not served or inconsistently served by existing terrestrial communications networks. The Maritime business provides broadband terminals, embedded devices and handsets. Its market space includes merchant shipping, fishing, research vessels and specialized water craft. The Aviation business provides mobile satellite communications services to the aviation sector. Its services are used in commercial and global government aviation applications, principally by corporate jets, corporate and government helicopter fleets, specialized general aviation fleets, such as medevac companies and fire suppression fleets, and high-end personal aircraft. The Government business line involves in the provision of mobile satellite communications services to the U.S. government, principally the Department of Defense. Its voice products are used for a variety of primary and backup communications solutions, including tactical operations, logistical, administrative, morale and welfare, and emergency communications. The firm's commercial services include: Postpaid Mobile Voice and Data Satellite Communications, Prepaid Mobile Voice Satellite Communications, Iridium PTT, Broadband Data, and Machine-to-Machine services. Iridium Communications was founded in 2000 and is headquartered in McLean, VA.

Sector

Communications

Industry

Wireless Telecommunications

Employees

497

CEO

Matthew J. Desch

Exchange

NASDAQ

Website

http://www.iridium.com

$572.00M

Total Revenue

497

Employees

$4B

Market Capitalization

-19.73

Price/Earning ratio

Stock price

Gross Margin (in %)

Total gross margin

$427M

Operating Margin (in %)

Total operating margin

$23M

Net Margin (in %)

Total net margin

$-178M

Dividend Yield (in %)

Dividend per share

$0

Industry peers

Name Ticker Market capitalization (in USD Million) Revenues (in USD Million) Price/Book Price/Earning Net margin (in %)
T-Mobile US, Inc. TMUS 91517.00 45031.00 4.52 26.06 7.80
Sprint Corp. S 35281.66 32458.00 1.38 -13.06 -8.25
Iridium Communications, Inc. IRDM 3565.90 572.00 2.57 -19.73 -31.08
United States Cellular Corp. USM 2698.96 4019.00 0.62 18.82 3.58
Telephone & Data Systems, Inc. TDS 2288.68 5180.00 0.48 17.62 2.53
Anterix, Inc. ATEX 670.08 2.00 2.94 -18.29 -646.15
Globalstar, Inc. GSAT 613.55 134.00 1.25 -5.35 -36.37
Gogo, Inc. GOGO 251.10 821.00 -0.53 -1.17 -26.07
NII Holdings, Inc. NIHD 221.34 621.00 -1.46 -3.95 -6.16
ORBCOMM, Inc. ORBC 195.92 272.00 0.86 -9.92 -7.32
ORBCOMM, Inc. ORBC 195.52 272.00 0.85 -9.90 -7.32
Spok Holdings, Inc. SPOK 169.29 156.00 0.70 -10.61 -10.30

Latest insider transactions

Date Role Name Transaction Quantity Quantity Owned After

Iridium Announces Release Date For Second-Quarter 2020 Financial Results

16h ago, source: PR Newswire

PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") will host a conference call on Tuesday, July 28, 2020 ...

Iridium Communications Inc (NASDAQ:IRDM) Shares Sold by Morgan Stanley

5d ago, source: theenterpriseleader.com

Morgan Stanley reduced its position in shares of Iridium Communications Inc (NASDAQ:IRDM) by 19.6% during the first quarter, ...

State of Tennessee Treasury Department Purchases 14,251 Shares of Iridium Communications Inc (NASDAQ:IRDM)

3d ago, source: theenterpriseleader.com

State of Tennessee Treasury Department increased its position in Iridium Communications Inc (NASDAQ:IRDM) by 35.4% in the 1st ...

Iridium to Launch Six Satellites With Relativity's Terran 1 (Revised)

11d ago, source: YAHOO!

Iridium (IRDM) inks a strategic agreement with Relativity Space to launch six spare satellites to the Earth's orbit with the ...

Clearbridge Investments LLC Boosts Position in Iridium Communications Inc (NASDAQ:IRDM)

10d ago, source: modernreaders.com

Clearbridge Investments LLC grew its holdings in shares of Iridium Communications Inc (NASDAQ:IRDM) by 30.4% during the 1st ...

3D rocket printer Relativity signs deal with Iridium and plans to build a California launchpad

13d ago, source: CNBC

Relativity Space, a startup that plans to almost entirely 3D-print rockets, on Wednesday announced it struck another major ...

Iridium Selects Relativity Space as On-Demand Single Satellite Launch Partner

13d ago, source: Business Wire

Relativity’s 3D Printed Terran 1 Launch Vehicle Offers Dedicated Missions for Iridium® Ground Spare Satellite Deployments ...



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