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The Latest Breaking News from IRDM

Iridium Wins US Award To Protect 5G Networks With T-Mobile

Iridium Communications Inc (NASDAQ:IRDM) stock gained on Tuesday after it announced that the U.S. Department of Transportation (DOT) selected it for an award under the Complementary Positioning, Navigation, and Timing (CPNT) Action Plan Rapid Phase Award II to expand the deployment of Iridium PNT services nationwide.

Iridium, Qualcomm Integrate Satellite Services Into Snapdragon Radios To Boost Global Connectivity For US Government, Allies

Iridium, Qualcomm Integrate Satellite Services Into Snapdragon Radios To Boost Global Connectivity For US Government, Allies

Satellite communications company Iridium Communications (NASDAQ:IRDM) and Qualcomm Technologies have integrated Iridium data services into the Snapdragon Mission Tactical Radio, used by the U.S. government and approved allied partners.

5 Space Stocks That Could Soar in the Next Decade

5 Space Stocks That Could Soar in the Next Decade

The commercial space industry is accelerating rapidly, with the global space economy projected to reach $1.8 trillion in the coming decade.

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Cathie Wood's Ark Invest Loads Up On Absci, Offloads CRISPR Therapeutics

On Friday, Cathie Wood-led Ark Invest made significant trades in the market, with the most prominent ones being in Veracyte Inc. (NASDAQ:VCYT), Iridium Communications Inc. (NASDAQ:IRDM), CRISPR Therapeutics AG (NASDAQ:CRSP), Kratos Defense Security Solutions Inc. (NASDAQ:KTOS), Absci Corp. (NASDAQ:ABSI), Veeva Systems Inc. (NYSE:VEEV), Adaptive Biotechnologies Corp. (NASDAQ:ADPT) and Guardant Health…

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…

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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