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Iridium Communications Inc.

NAS: IRDM

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Before the Bell

 --Quotes are delayed by 20 min

Oct 21, 2021, 6:57 a.m.

/zigman2/quotes/208839949/composite

$

41.71

Change

0.00 0.00%

Volume

Volume 6

Quotes are delayed by 20 min

/zigman2/quotes/208839949/composite

Previous close

$ 41.71

$ 41.71

Change

+0.68 +1.66%

Day low

Day high

$40.85

$42.64

Open

52 week low

52 week high

$25.30

$54.65

Open

Company Description

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, IoT D...

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, IoT Data Services, Hosted Payloads and Other Data Services, 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 Iot Data Services provides satellite-based IoT services, which include personal tracking devices and location-based services, heavy equipment monitoring, fleet management, fixed-asset monitoring, asset tracking, resource management, and scientific data monitoring. The Hosted Payload and Other Data Services offer satellite time and location services, which helps augment GPS and provides location, timing and positioning data: inbound connections from the public switched telephone network(PSTN), short message services(SMS), subscriber identity module(SIM), activation, customer reactivation, and other peripheral services: and provides research and development services. 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.

Valuation

Price to Sales Ratio

9.00

Price to Book Ratio

3.71

Price to Cash Flow Ratio

21.02

Enterprise Value to EBITDA

19.54

Enterprise Value to Sales

11.39

Total Debt to Enterprise Value

0.25

Efficiency

Revenue/Employee

1,130,696.00

Income Per Employee

-108,632.00

Receivables Turnover

8.99

Total Asset Turnover

0.17

Liquidity

Current Ratio

3.04

Quick Ratio

2.75

Cash Ratio

2.16

Profitability

Gross Margin

23.58

Operating Margin

6.08

Pretax Margin

-15.25

Net Margin

-9.61

Return on Assets

-1.61

Return on Equity

-3.89

Return on Total Capital

1.12

Return on Invested Capital

-1.78

Capital Structure

Total Debt to Total Equity

115.59

Total Debt to Total Capital

53.62

Total Debt to Total Assets

48.82

Long-Term Debt to Equity

114.14

Long-Term Debt to Total Capital

52.94

Officers and Executives

Name Age Officer Since Title
Mr. Matthew J. Desch 62 2009 Chief Executive Officer & Director
Ms. Suzanne E. McBride 50 2019 Chief Operating Officer
Mr. Thomas J. Fitzpatrick 62 2010 Chief Financial Officer
Mr. Gregory Pelton - 2021 Chief Technical Officer
Mr. Scott T. Scheimreif 50 2008 Executive Vice President-Government Programs

Insider Actions

– Purchase – Sale 1 – Number of Transactions
Date Name Shares Transaction Value
09/07/2021 Timothy P. Kapalka
VP Iridium Satellite LLC
2,112   Disposition at $48 per share. 101,376
09/01/2021 Matthew J. Desch
Chief Executive Officer; Director
3,763   Derivative/Non-derivative trans. at $45.93 per share. 172,834
09/01/2021 Thomas D. Hickey
Chief Legal Officer, Secretary
1,131   Derivative/Non-derivative trans. at $45.93 per share. 51,946
09/01/2021 Thomas J. Fitzpatrick
Chief Financial Officer; Director
1,659   Derivative/Non-derivative trans. at $45.93 per share. 76,197
09/01/2021 Scott T. Scheimreif
EVP-Government Programs
1,324   Derivative/Non-derivative trans. at $45.93 per share. 60,811
09/01/2021 Suzanne E. McBride
Chief Operations Officer; Director
1,078   Derivative/Non-derivative trans. at $45.93 per share. 49,512
09/01/2021 Bryan J. Hartin
EVP-Sales and Marketing
1,236   Derivative/Non-derivative trans. at $45.93 per share. 56,769
09/01/2021 Timothy P. Kapalka
VP Iridium Satellite LLC
798   Derivative/Non-derivative trans. at $45.93 per share. 36,652
08/31/2021 Matthew J. Desch
Chief Executive Officer; Director
10,000   Gift at $0 per share. 0
08/30/2021 Timothy P. Kapalka
VP Iridium Satellite LLC
2,070   Disposition at $46 per share. 95,220
08/05/2021 Timothy P. Kapalka
VP Iridium Satellite LLC
400   Disposition at $44 per share. 17,600
08/02/2021 Robert H. Niehaus
Director
29,311   Disposition at $42.09 per share. 1,233,699
08/02/2021 Robert H. Niehaus
Director
15,557   Derivative/Non-derivative trans. at $6.86 per share. 106,721
08/02/2021 Robert H. Niehaus
Director
13,754   Derivative/Non-derivative trans. at $7.19 per share. 98,891
07/29/2021 Bryan J. Hartin
EVP-Sales and Marketing
19,596   Disposition at $41.02 per share. 803,827
07/28/2021 Suzanne E. McBride
Chief Operations Officer; Director
32,553   Disposition at $40.89 per share. 1,331,092
07/28/2021 Suzanne E. McBride
Chief Operations Officer; Director
32,553   Derivative/Non-derivative trans. at $23.15 per share. 753,601
07/26/2021 Bryan J. Hartin
EVP-Sales and Marketing
1,925   Disposition at $41.25 per share. 79,406
07/07/2021 Eric T. Olson
Director
96   Award at $39.06 per share. 3,749
07/07/2021 Leon Anthony Frazier
Director
256   Award at $39.06 per share. 9,999
/news/latest/company/us/irdm

MarketWatch News on IRDM

  1. Iridium Communications started at overweight with $50 stock price target at Morgan Stanley

    12:33 p.m. Aug. 3, 2021

    - Tomi Kilgore

  2. How to Play the New Space Race

    4:46 p.m. March 25, 2021

    - Barron's Online

  3. Iridium Communications upgraded to outperform from market perform at Raymond James

    8:25 a.m. March 3, 2021

    - Tomi Kilgore

  4. Iridium Communications downgraded to market perform from outperform at Raymond James

    8:24 a.m. Feb. 8, 2021

    - Tomi Kilgore

  5. ARK Invest Lifts Space Stocks With ETF Announcement

    5:47 p.m. Jan. 16, 2021

    - Barron's Online

  6. This Is What SpaceX Could Be Worth

    5:30 a.m. July 21, 2020

    - Barron's Online

  7. Can You Put All of Your Eggs in 1 SPAC? Maybe.

    11:44 a.m. July 21, 2020

    - Barron's Online

  8. Tesla Could Be Worth $1.5 Trillion, Says Ron Baron

    1:22 a.m. Feb. 29, 2020

    - Barron's Online

  9. Pure-play space stocks to own before they take off

    2:34 p.m. Sept. 26, 2019

    - Cody Willard

  10. Iridium Communications downgraded to outperform from strong buy at Raymond James

    8:17 a.m. April 24, 2019

    - Tomi Kilgore

  11. Ten Bonds With Prices Higher Than Tesla’s

    4:33 p.m. Sept. 10, 2018

    - Barron's Online

  12. Inmarsat shares fall after UN agency ends monopoly

    6:50 a.m. May 22, 2018

    - MarketWatch.com

  13. Landmark launches for SpaceX: Two rockets in three days

    5:45 p.m. June 25, 2017

    - Andy Pasztor

  14. California storm delays SpaceX rocket launch

    5:23 p.m. Jan. 8, 2017

    - Andy Pasztor

  15. SpaceX aims to resume rocket launches on Jan. 8

    11:29 a.m. Jan. 2, 2017

    - Andy Pasztor

  16. Loading more headlines...
/news/nonmarketwatch/company/us/irdm

Other News on IRDM

  1. 10-Q: IRIDIUM COMMUNICATIONS INC.

    7:04 a.m. Oct. 19, 2021

    - Edgar Online - (EDG = 10Q, 10K)

  2. Wall Street Breakfast: U.S. Taps Offshore Wind Energy (Podcast)

    8:17 a.m. Oct. 14, 2021

    - Seeking Alpha

  3. Wall Street Breakfast: Santa Comes Early

    6:48 a.m. Oct. 14, 2021

    - Seeking Alpha

  4. Top Ranked Momentum Stocks to Buy for September 20th

    10:18 a.m. Sept. 20, 2021

    - Zacks.com

  5. Iridium Communications Stock: Limited Upside Remaining

    10:49 a.m. Sept. 19, 2021

    - Seeking Alpha

  6. iPhone Reality Doesn’t Fully Ground Satellite Dreams

    7:00 a.m. Sept. 17, 2021

    - Dan Gallagher

  7. Why Globalstar Stock Just Crashed 21%

    3:41 p.m. Sept. 14, 2021

    - Motley Fool

  8. 7 Space Stocks to Buy Ahead of Virgin Orbit’s Debut

    12:35 p.m. Sept. 9, 2021

    - InvestorPlace.com

  9. Loading more headlines...

At a Glance

Iridium Communications, Inc.

1750 Tysons Boulevard

Suite 1400

McLean, Virginia 22102

Phone

1 7032877400

Industry

Wireless Telecommunications Services

Sector

Telecommunication Services

Fiscal Year-end

12/2021

Revenue

$583.44M

Net Income

$-56.05M

2020 Sales Growth

4.1%

Employees

516.00

/news/pressrelease/company/us/irdm

Press Releases on IRDM

  1. Iridium Announces Third-Quarter 2021 Results; Raises 2021 Outlook

    7:01 a.m. Oct. 19, 2021

    - PR Newswire - PRF

  2. Iridium announces partnership with Canadian Coast Guard

    8:01 a.m. Aug. 4, 2021

    - PR Newswire - PRF

  3. Iridium announces partnership with Canadian Coast Guard

    8:01 a.m. Aug. 4, 2021

    - PR Newswire Africa

  4. Iridium Granted Trio of Regulatory Approvals in Japan

    6:01 p.m. Aug. 2, 2021

    - PR Newswire - PRF

  5. Iridium Announces Second-Quarter 2021 Results; Updates 2021 Outlook

    7:01 a.m. July 20, 2021

    - PR Newswire - PRF

  6. Sidoti Summer Virtual Small-Cap Conference

    4:45 p.m. June 22, 2021

    - ACCESSWIRE

  7. Iridium Names Greg Pelton As New Chief Technical Officer

    8:01 a.m. June 14, 2021

    - PR Newswire - PRF

  8. Iridium Announces Operation Arctic Lynx

    8:01 a.m. June 10, 2021

    - PR Newswire - PRF

  9. Wednesday 6/9 Insider Buying Report: IRDM, NRGX

    1:48 p.m. June 9, 2021

    - MarketNewsVideo.com

  10. Iridium To Present At June Investor Conferences

    9:14 a.m. May 29, 2021

    - PR Newswire - PRF

  11. Loading more headlines...
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