Recap: Iridium Communications Q4 Earnings

Shares of Iridium Communications IRDM rose 3.2% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share rose 92.68% over the past year to ($0.06), which beat the estimate of ($0.08).

Revenue of $146,507,000 higher by 5.50% from the same period last year, which beat the estimate of $139,930,000.

Guidance

Iridium Communications hasn't issued any earnings guidance for the time being.

Iridium Communications hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Feb 11, 2021

Time: 08:30 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1899/39420

Price Action

52-week high: $54.65

52-week low: $16.87

Price action over last quarter: Up 74.44%

Company Description

Iridium Communications Inc is a United States based company which offers voice and data communications services and products to businesses, U.S. and international government agencies and other customer on a global basis. It is a provider of mobile voice and data communications services through a constellation of low earth orbiting satellites. Reaching across land, sea, and air, including the polar regions, Iridium's solutions are ideally suited for industries such as maritime, aviation, government/military, emergency/humanitarian services, mining, forestry, oil and gas, heavy equipment, transportation and utilities. Iridium also provides service to subscribers from the U.S. Department of Defense, as well as other civil and government agencies around the world.