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Iridium Communications is a provider of mobile voice and data communications services through satellite to businesses, governments, non-governmental organizations, and consumers worldwide. Its voice services are delivered via various handsets and installed communications systems on ships, aircraft, and land-based vehicles. Iridium's short burst data transceiver, incorporated into a number of applications, provides data connections, transferring location information, weather reports, email, or other data requiring a two-way connection.
TypePublic
Founded2000
HQTysons, US
Websiteiridium.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Dec 2019)497(+6%)
Job Openings12
Revenue (FY, 2019)$560.4 M(+8%)
Share Price (Aug 2020)$29
Cybersecurity ratingDMore

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
Robert H. Niehaus

Robert H. Niehaus

Chairman of the Board
Bryan J. Hartin

Bryan J. Hartin

Executive Vice President, Sales & Marketing
Thomas C. Canfield

Thomas C. Canfield

Director
Thomas D. Hickey

Thomas D. Hickey

Chief Legal Officer and Secretary
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Iridium Communications Office Locations

Iridium Communications has offices in Tysons, Tempe and Bishop's Stortford
Tysons, US (HQ)
1750 Tysons Blvd #1400
Tempe, US
8440 S River Pkwy
Bishop's Stortford, GB
thremhall park, Bury Lodge Ln
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Iridium Communications Financials and Metrics

Iridium Communications Revenue

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Iridium Communications's revenue was reported to be $560.44 m in FY, 2019 which is a 7.2% increase from the previous period.
USD

Revenue (Q2, 2020)

140.2m

Net income (Q2, 2020)

(12.4m)

EBIT (Q2, 2020)

5.8m

Market capitalization (12-Aug-2020)

3.8b

Closing stock price (12-Aug-2020)

29.0

Cash (30-Jun-2020)

119.1m

EV

5.3b
Iridium Communications's current market capitalization is $3.8 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

448.0m523.0m560.4m

Revenue growth, %

17%7%

Cost of goods sold

124.8m142.9m145.1m

Gross profit

323.2m380.1m415.3m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

104.4m111.6m116.5m119.1m134.9m136.8m133.7m143.1m144.8m145.3m140.2m

Cost of goods sold

27.1m32.2m33.1m34.2m38.3m36.3m35.0m39.0m36.4m34.3m

Gross profit

77.4m79.4m83.5m85.0m96.7m100.5m98.7m104.1m108.3m111.0m

Gross profit Margin, %

74%71%72%71%72%73%74%73%75%76%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

285.9m273.4m223.6m

Accounts Receivable

68.0m71.2m68.7m

Prepaid Expenses

25.3m18.3m10.7m

Inventories

20.1m27.5m39.9m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

233.9m(13.4m)(162.0m)

Depreciation and Amortization

122.3m218.2m297.7m

Inventories

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

Accounts Payable

896.0k(732.0k)(4.3m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

3.9m1.4m3.0m2.3m1.7m
USDQ1, 2017

Revenue/Employee

265.7k

Debt/Equity

1.2 x

Debt/Assets

0.5 x

Financial Leverage

2.6 x
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Iridium Communications Operating Metrics

Iridium Communications's Subscribers was reported to be 1.3 m in Q1, 2020.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 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

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 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 Cybersecurity Score

Cybersecurity ratingPremium dataset

D

69/100

SecurityScorecard logo

Iridium Communications Revenue Breakdown

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Iridium Communications revenue breakdown by business segment: 14.8% from Subscriber Equipment, 79.8% from Services and 5.4% from Engineering and Support Services

Iridium Communications revenue breakdown by geographic segment: 27.9% from Other Countries, 53.6% from United States, 9.0% from United Kingdom and 9.5% from Canada

Iridium Communications Online and Social Media Presence

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Iridium Communications News and Updates

Satellite M2M Connections and Services Global Market Top Key Players – Globalstar, Iridium Communications , Kore Orbcomm, Rogers Communications and Forecast to 2023

Wiseguyreports.Com Added New Market Research Report On -“Satellite M2M Connections and Services Market 2018 Key Players, Applications and Future Demand Forecast to 2023 ”. Posted via Industry Today. Follow us on Twitter @IndustryToday

Iridium Communications Blogs

How the Iridium® Network is Used to Support Environmental Protection

Today Iridium celebrates the 50th annual Earth Day and wanted to share some of the innovative ways that our network is being used to help support the planet we all call home. As the world’s only truly global satellite communications network, Iridium connects people, enterprises, governments, and thi…

Celebrate Bring Your Child to Work Day Remotely with Iridium

At Iridium, we are passionate about STEM education and are committed to supporting the next generation of innovators. With the added ‘A’ for Arts, STEAM education emphasizes that all skillsets are needed in the space and satellite industry, and there’s *space* for everyone. Given the unprecedented s…

Iridium Certus® Enables Autonomous Monitoring in the Remote Arctic

Iridium® Partner IEC Telecom Supports The IK Foundation to Deploy Autonomous Monitoring Station in the Remote Arctic One of a few places on Earth to retain an unaltered wild landscape, Prins Karls Forland, an island off the West coast of Svalbard, was an untapped scientific resource. This was largel…

Iridium Partner Globalsat Equips Argentine Navy’s Fortuna III Yacht with Iridium Certus®

Equipped with Iridium Certus®, the Argentine Navy’s Fortuna III Yacht Finished First Place at the XXVI Oceanic Regatta Buenos Aires – Rio de Janeiro 2020 Iridium partner Globalsat successfully carried out the first Iridium Certus installation for the Argentine Navy, in support of their entrant to th…

Introducing the ZOLEO™ Satellite Communicator

Introducing the ZOLEO™ Satellite Communicator – A Multi-Technology Global Messaging Solution for Smartphones In late January 2020, Iridium partner company ZOLEO Inc. introduced a new global messaging and personal safety device known as ZOLEO™. The compact ZOLEO device connects via Bluetooth® to a fr…

Ready, Set, Iridium GO!®

Iridium GO!® provides global voice calling and text messaging solutions for your smartphone, as well as enhanced data capabilities offered through optimized apps to meet your unique needs. The Iridium GO!® app just got an upgrade. The rebranded app has a sleek look and feel that provides optimal vie…
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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 Robert H. Niehaus.

  • How many employees does Iridium Communications have?

    Iridium Communications has 497 employees.

  • What is Iridium Communications revenue?

    Latest Iridium Communications annual revenue is $560.4 m.

  • What is Iridium Communications revenue per employee?

    Latest Iridium Communications revenue per employee is $1.1 m.

  • Who are Iridium Communications competitors?

    Competitors of Iridium Communications include ORBCOMM, 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 Bishop's Stortford.

  • How many offices does Iridium Communications have?

    Iridium Communications has 3 offices.