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The Latest Breaking News from IRDM

Dow Jones Futures Fall: Tesla Hikes Model S, X Prices; Cathie Wood Lifts TSLA PT To $2,000

The market rally fell, but held key levels. Tesla dived, but Cathie Wood's Ark bought more shares and hiked its sky-high price target.

Investors Business Daily

Iridium Earnings, Revenue Top Estimates As Buyback Kicks In

Iridium reported first-quarter results that topped estimates. IRDM stock surged nearly 11% as the company reiterated its 2023 outlook.

Investors Business Daily

Iridium Tops Views As It Waits For Qualcomm Deal To Deliver

Iridium stock climbed on fourth-quarter revenue that topped estimates while a partnership with Qualcomm is expected to deliver in 2024.

Investors Business Daily

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Iridium, Qualcomm To Partner In Satellite-Based Smartphone Text Services

Iridium's partner for satellite-based smartphone services turns out to be chipmaker Qualcomm, though Samsung could still figure in its plans.

Investors Business Daily

IBD Stock Of The Day Bucks Bear Market Over Apparent Samsung Deal

Iridium is the IBD Stock Of The Day amid speculation over its push into satellite-based smartphone services and a Samsung partnership.

Investors Business Daily

Will Satellite-To-Smartphone Services Get Lost In Space This Time?

Satellite-to-smartphone connectivity in remote locations is suddenly the rage in telecom again, some 23 years after Iridium and ICO Communications fell into bankruptcy.

Investors Business Daily

Iridium Communications Clocks 15% Revenue Growth In Q1

Iridium Communications Inc (NASDAQ:IRDM) reported first-quarter FY22 revenue growth of 15% year-on-year to $168.2 million, beating the consensus of $157.2 million. Service revenue rose 9% Y/Y to $126.1 million. Revenue from equipment sales and engineering and support projects was $42.1 million. Commercial service revenue was $99.6 million, up 10% Y/Y. Commercial broadband revenue…

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Iridium Clocks 6% Revenue Growth In Q4 Backed By Subscriber Strength

Iridium Communications Inc (NASDAQ:IRDM) reported fourth-quarter FY21 revenue growth of 6% year-on-year to $155.9 million, beating the consensus of $152.1 million. Service revenue rose 8% Y/Y to $126.7 million. Revenue from equipment sales and engineering and support projects was $29.1 million. Commercial service revenue was $100.2 million, up 10% Y/Y. Commercial broadband revenue…

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