OverviewSuggest Edit

Iridium Communications (formerly GHL Acquisition) is a company providing global satellite communications services and products. It leverages a constellation of low-Earth orbiting (LEO), cross-linked satellites to deliver voice and data communications services. The company caters to maritime, aeronautical, government and defense, public safety, utilities, oil and gas, mining, forestry, heavy equipment, and transportation industries.
TypePublic
Founded2000
HQTysons, VA, US
Websiteiridium.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2019)497(+6%)
Revenue (FY, 2020)$583.4 M(+5%)
Share Price (Mar 2021)$37.3 (-3%)
Cybersecurity ratingCMore

Key People/Management at Iridium Communications

Thomas J. Fitzpatrick

Thomas J. Fitzpatrick

Chief Financial Officer and Chief Administrative Officer, Director
Matthew J. Desch

Matthew J. Desch

Chief Executive Officer, Director
Bryan J. Hartin

Bryan J. Hartin

Executive Vice President, Sales & Marketing
Thomas D. Hickey

Thomas D. Hickey

Chief Legal Officer and Secretary
Scott T. Scheimreif

Scott T. Scheimreif

Executive Vice President, Government Programs
Suzanne E. McBride

Suzanne E. McBride

Chief Operations Officer, Director
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Iridium Communications Office Locations

Iridium Communications has offices in Tysons, Tempe and Takeley
Tysons, VA, US (HQ)
1750 Tysons Blvd #1400
Tempe, AZ, US
8440 S River Pkwy
Takeley, GB
National Trust - Hatfield Forest
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Iridium Communications Financials and Metrics

Iridium Communications Revenue

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Iridium Communications's revenue was reported to be $583.44 m in FY, 2020 which is a 4.1% increase from the previous period.
USD

Revenue (FY, 2020)

583.4m

Revenue growth (FY, 2019 - FY, 2020), %

4.1%

Gross profit (FY, 2020)

440.7m

Gross profit margin (FY, 2020), %

75.5%

Net income (FY, 2020)

(56.1m)

EBIT (FY, 2020)

35.5m

Market capitalization (4-Mar-2021)

5.0b

Closing stock price (4-Mar-2021)

37.3

Cash (31-Dec-2020)

237.2m

EV

6.4b
Iridium Communications's current market capitalization is $5 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

523.0m560.4m583.4m

Revenue growth, %

17%7%4%

Cost of goods sold

142.9m145.1m142.7m

Gross profit

380.1m415.3m440.7m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

119.1m134.9m136.8m133.7m143.1m144.8m145.3m140.2m151.5m

Cost of goods sold

34.2m38.3m36.3m35.0m39.0m36.4m34.3m35.2m39.3m

Gross profit

85.0m96.7m100.5m98.7m104.1m108.3m111.0m105.0m112.1m

Gross profit Margin, %

71%72%73%74%73%75%76%75%74%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

273.4m223.6m237.2m

Accounts Receivable

71.2m68.7m61.2m

Prepaid Expenses

18.3m10.7m9.5m

Inventories

27.5m39.9m32.5m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

233.9m(13.4m)(162.0m)(56.1m)

Depreciation and Amortization

122.3m218.2m297.7m303.2m

Inventories

(1.9m)(7.6m)(13.0m)7.2m

Accounts Payable

896.0k(732.0k)(4.3m)7.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(18.0m)(36.1m)(54.1m)(31.7m)(44.1m)(48.1m)

Depreciation and Amortization

72.9m148.0m222.6m75.9m151.6m227.3m

Inventories

(7.6m)(9.7m)(11.0m)2.3m2.7m6.7m

Accounts Payable

3.9m1.4m3.0m2.3m1.7m556.0k
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Iridium Communications Operating Metrics

Iridium Communications's Subscribers was reported to be 1.4 m in Q3, 2020.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Patents (Foreign)

1 1 1 1 1

Patents (US)

8 8 14 21 21 27

Service Providers

70 75 75 75 75 75 75 80 65 70 70 70 140 150 150 160 130 110 110 100 100 110 130 135

Subscribers

739 k748 k766 k781 k782 k788 k823 k838 k850 k869 k912 k949 k969 k996 k1.05 m1.09 m1.12 m1.15 m1.21 m1.27 m1.30 m1.33 m1.36 m1.43 m
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Iridium Communications Acquisitions / Subsidiaries

Company NameDateDeal Size
Iridium Blocker-B Inc.
Iridium Carrier Holdings LLC
Iridium Carrier Services LLC
Iridium Chile SpA
Iridium Constellation LLC
Iridium Government Services LLC
Iridium Holdings LLC
Iridium Satellite LLC
Iridium Satellite SA LLC
OOO Iridium Communications
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Iridium Communications Revenue Breakdown

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Iridium Communications revenue breakdown by business segment: 14.8% from Subscriber Equipment, 79.4% from Services and 5.9% from Engineering and Support Services

Iridium Communications revenue breakdown by geographic segment: 8.1% from United Kingdom, 55.5% from United States and 36.4% from Other Countries

Human Capital Metrics

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Iridium Communications Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

Iridium Communications Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Iridium Communications Online and Social Media Presence

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Iridium Communications News and Updates

Iridium Communications Inc (IRDM) Plunges 12.62% on February 09

Iridium Communications Inc (IRDM) had a rough trading day for Tuesday February 09 as shares tumbled 12.62%, or a loss of $-6.86 per share, to close at $47.51. After opening the day at $51.48, shares of Iridium Communications Inc traded as high as $51.88 and as low as $47.35. Volume was 3.94 million …

Iridium Adds Kyoritsu Radio as Iridium Certus® Service Provider with Distribution Support from Furuno

Iridium Communications Inc. (NASDAQ:IRDM) today announced the addition of Kyoritsu Radio Service Co., Ltd as an Iridium Certus® service provider. Through this agreement, Kyoritsu Radio will also support the provisioning of Iridium Certus service by Furuno Electric Co., Ltd, expanding their portfolio…

Iridium Communications Inc (IRDM) Soars 1.12% on February 01

Iridium Communications Inc (IRDM) had a good day on the market for Monday February 01 as shares jumped 1.12% to close at $49.82. About 1.26 million shares traded hands on 20,114 trades for the day, compared with an average daily volume of n/a shares out of a total float of 133.3 million. After openi…

Iridium Announces Release Date For Fourth-Quarter 2020 Financial Results

Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") will host a conference call on Thursday, February 11, 2021 at 8:30 a.m. Eastern Time (ET) to discuss the Company's fourth-quarter 2020 financial results. In advance of the call on February 11, 2021, Iridium will issue its fourth-quarter 2020 ear…

Iridium Edge® Solar Provides Upgraded Capabilities for Satellite IoT Tracking and Asset Management

Iridium Communications Inc. (NASDAQ: IRDM) today announced commercial availability of the Iridium Edge Solar – a secure, maintenance-free, solar-powered remote asset tracking and management device. With over-the-air configuration capabilities, the Iridium Edge Solar is ideal for Vessel Monitoring Sy…

World's First Truly Global, Real-Time Maritime Emergency Service Launched by Iridium

Iridium Communications Inc. (NASDAQ: IRDM) today announced a historic achievement with the launch of the Iridium® Global Maritime Distress and Safety System (GMDSS) service. The system commenced operation on Friday, December 11th and with it, for the first time in history, Iridium has given seafare…

Iridium Communications Blogs

Expert Tips: Top Considerations for Selecting a Maritime SATCOM Solution

A major part of a vessel manager’s role is choosing a communications system for the ship. While this choice may seem simple, it is a critical decision that impacts safety, business continuity and crew morale during voyages. It is important for mariners to understand that there is no one-size-fits-al…

Norwegian Fishing Trawler Trygvason Makes History as First Iridium® GMDSS Commercial Activation

Shortly following launch of Iridium Global Maritime Distress and Safety System (GMDSS) in December 2020, the first activation of a terminal was completed by partner Applied Satellite Technology Limited (AST). Found in the Norwegian town of Haugesund, the fishing trawler Trygvason made history with t…

On Cloud 66 Series (Part 1): Introducing the Iridium CloudConnect SBD on AWS “Quick Start”: Truly Global IoT in Just a Few Clicks

It’s time to get technical! Welcome to the On Cloud 66 series. This blog series will focus on all things Iridium CloudConnect, showcasing helpful resources and real-life examples of how the service is transforming the satellite-IoT market. To kick off the series, we wanted to introduce the new Iridi…

Iridium and Thales Help Keep IMOCA Skippers Connected and Safe During Vendée Globe Round-the-World Race

  Iridium and our partner Thales are proud to be the official communications partner of IMOCA (International Monohull Open Class Association). IMOCA racing yachts are equipped with the Thales VesseLINK™ 700 L-band broadband terminal powered by Iridium Certus®, enabling high-speed global connectivity…

Iridium Partner MetOcean Telematics Provides Search & Rescue Buoys to the United States Coast Guard

Exclusive Iridium partner MetOcean Telematics has been awarded a five-year blanket purchase agreement (BPA) to supply the United States Coast Guard (USCG) with its Search and Rescue (SAR) buoy, the Iridium Self Locating Datum Marker Buoy (iSLDMB™). A critical tool for SAR events, the innovative, rug…

How to Avoid the “Failure to Send Message” Text Alert

Communicating while on-the-go, especially texting, is woven into the fabric of our society. For many people it’s their preferred method of communication, so when life takes them to places where cellular coverage is unreliable or even unavailable, frustration and sometimes panic ensues. But why and h…
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Iridium Communications Frequently Asked Questions

  • When was Iridium Communications founded?

    Iridium Communications was founded in 2000.

  • Who are Iridium Communications key executives?

    Iridium Communications's key executives are Thomas J. Fitzpatrick, Matthew J. Desch and Bryan J. Hartin.

  • How many employees does Iridium Communications have?

    Iridium Communications has 497 employees.

  • What is Iridium Communications revenue?

    Latest Iridium Communications annual revenue is $583.4 m.

  • What is Iridium Communications revenue per employee?

    Latest Iridium Communications revenue per employee is $1.2 m.

  • Who are Iridium Communications competitors?

    Competitors of Iridium Communications include Comtech Telecommunications, Globalstar and Inmarsat.

  • Where is Iridium Communications headquarters?

    Iridium Communications headquarters is located at 1750 Tysons Blvd #1400, Tysons.

  • Where are Iridium Communications offices?

    Iridium Communications has offices in Tysons, Tempe and Takeley.

  • How many offices does Iridium Communications have?

    Iridium Communications has 3 offices.