OverviewSuggest Edit

Iridium Communications provides mobile voice and data communications services through satellite to businesses, governments, non-governmental organizations, and consumers worldwide. The Company's voice services are provided via various handsets and installed communications systems on ships, aircraft and land-based vehicles. Iridium's short burst data transceiver, incorporated into an increasing number of applications, provides data connections to every corner of the earth, transferring location information, weather reports, email, or any other data requiring a reliable, global, two-way connection.

TypePublic
Founded2000
HQTysons, US
Websiteiridium.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Feb 2018)244
Job Openings12
Revenue (FY, 2017)$448 M(+4%)
Share Price (May 2019)$23.3 (-2%)

Key People/Management at Iridium Communications

Thomas J. Fitzpatrick

Thomas J. Fitzpatrick

Chief Financial Officer and Chief Administrative Officer
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
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Iridium Communications Office Locations

Iridium Communications has offices in Tysons, Tempe and Essex
Tysons, US (HQ)
1750 Tysons Blvd #1400
Tempe, US
8440 S River Pkwy
Essex, GB
Thremhall Park
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Iridium Communications Financials and Metrics

Iridium Communications Revenue

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Iridium Communications's revenue was reported to be $448.05 m in FY, 2017
USD

Revenue (Q1, 2019)

133.7m

Net income (Q1, 2019)

(18.0m)

EBIT (Q1, 2019)

(1.6m)

Market capitalization (22-May-2019)

2.6b

Closing stock price (22-May-2019)

23.3

Cash (31-Mar-2019)

275.7m
Iridium Communications's current market capitalization is $2.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

382.6m408.6m411.4m433.6m448.0m

Revenue growth, %

7%1%5%

Cost of goods sold

59.3m62.1m60.3m65.0m80.4m

Gross profit

323.3m346.5m351.1m368.7m367.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

100.6m98.0m102.5m107.5m97.0m101.9m106.0m104.2m109.2m112.8m104.4m111.6m116.5m119.1m134.9m136.8m133.7m

Cost of goods sold

14.8m14.2m16.7m16.4m14.9m14.3m14.0m15.9m16.4m15.9m17.0m21.4m19.0m

Gross profit

85.8m83.8m85.8m91.1m82.1m87.6m92.0m88.3m92.7m96.9m87.5m90.2m100.2m

Gross profit Margin, %

85%86%84%85%85%86%87%85%85%86%84%81%84%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

186.3m211.2m185.7m371.2m285.9m

Accounts Receivable

54.8m50.7m51.7m57.4m68.0m

Inventories

29.5m10.6m27.9m18.2m20.1m

Current Assets

369.6m573.1m481.7m516.8m411.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

197.0m184.5m336.3m307.1m217.8m198.9m290.7m287.2m367.0m374.0m386.2m335.2m330.1m430.7m176.1m381.5m275.7m

Accounts Receivable

64.6m58.4m70.3m60.3m50.9m56.6m51.0m53.3m58.5m61.6m57.5m63.4m61.0m75.1m74.7m73.5m68.5m

Inventories

28.2m29.4m28.8m29.4m27.0m32.2m31.1m25.2m22.4m21.4m17.8m20.4m17.5m20.3m20.2m22.2m35.2m

Current Assets

378.5m361.5m616.4m638.4m602.3m591.6m621.6m506.4m536.9m531.2m516.7m463.0m452.8m572.2m495.9m497.4m396.9m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

62.5m75.0m7.1m111.0m233.9m

Depreciation and Amortization

75.0m72.8m51.8b49.4b122.3m

Inventories

(4.6m)1.5m(3.6m)9.0m(1.9m)

Accounts Payable

(5.6m)(2.6m)3.1m3.2m896.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

16.6m16.5m15.0m20.4m21.0m26.0m29.5m28.5m26.9m31.6m37.9m

Depreciation and Amortization

19.4m20.3m19.7m19.7m13.4m12.8m12.9m12.9m12.8m11.8m13.5m72.9m

Inventories

28.8m29.4m27.0m32.2m31.1m25.2m22.4m21.4m17.8m

Accounts Payable

15.9m11.2m6.8m27.6m34.3m8.4m12.0m37.7m10.4m3.9m
USDY, 2019

Financial Leverage

2.5 x
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Iridium Communications Operating Metrics

Iridium Communications's Subscribers was reported to be 912 k in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Patents (Foreign)

1 1 1

Patents (US)

8 8 14

Service Providers

70 75 75 75 75 75 75 80 65 70 70

Subscribers

739 k748 k766 k781 k782 k788 k823 k838 k850 k869 k912 k
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Iridium Communications Revenue Breakdown

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Iridium Communications revenue breakdown by business segment: 5.7% from Engineering and Support Services, 77.2% from Services and 17.1% from Subscriber Equipment

Iridium Communications Online and Social Media Presence

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Iridium Communications News and Updates

Marine Communication Systems 2019 Global Market Key Players – Inmarsat, Leonardo, ORBIT Communication Systems, Saab, Iridium Communications, Oculus Technologies – Analysis and Forecast to 2025

WiseGuyRerports.com Presents “Global Marine Communication Systems Market Size, Status and Forecast 2019-2025” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Armed Forces Communication Market Outlook to 2025 with Key Players Thales Group, Aselsan A., BAE Systems, Cobham PLC, HARRIS Corporation, Inmarsat PLC, Iridium Communications, L3 technologies, Lockheed Martin Corporation, Saab AB

Market Research Report on “Armed Forces Communication Market Outlook to 2025”. The report is spread across 150 Pages and Supported by 10 Company Leaders to Focus on Size, Trends, Share, Technology, Status and Opportunities. Posted via Industry Today. Follow us on Twitter @IndustryToday

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

Preparing for the Unexpected with Iridium Connected® “Tender Watch”

Navigating the unexpected comes with the territory for life at sea. Often times, unpredictable weather events cause severe damage to ships and their assets, such as a ship’s tender. The tender, which is a smaller boat towed behind the main vessel, is a very important asset used to transport people o…

Iridium COO Suzi McBride Shares Advice for Women in Space

Iridium® COO Suzi McBride delivered a keynote speech at the second annual Satellite Eves: Women in Space event during SATELLITE 2019 in Washington, DC. Throughout her 20 minute address, McBride shared how she became interested in STEM, and particularly Space, her career journey all around the world,…

Iridium GMDSS: Q&A with Kyle Hurst, Iridium Director of Maritime Safety & Security

When mariners are at sea, safety is a top priority. The Global Maritime Distress and Safety System (GMDSS) was established more than 20 years ago to help ensure safety for those at sea by requiring specific types of onboard radiocommunications equipment, both satellite and terrestrial, to send and r…

Top Tips for Using your Iridium Satellite Phone

Are you prepared to use your Iridium satellite or messenger phone? Follow these quick tips to help you use your phone as soon as you need it! This first one may seem obvious, but make sure you know where your satellite device is! You don’t want to be stuck looking for it during last-minute trip pack…

Time to Test Your Satellite Phone

Last week, many of us set the clocks forward an hour. Whether we’re springing forward or falling back, celebrating daylight saving time is a great reminder to complete other important tasks, like checking your smoke detector batteries or testing your satellite phone! We are so accustomed to buying g…

Celebrating International Women’s Day at Iridium

To celebrate International Women’s Day 2019, we sat down with our new Chief Operations Officer Suzi McBride to discuss her career and what it’s like being a woman in a STEM field.   About McBride: McBride has more than 25 years of experience, including building and launching the original Iridium sat…
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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, Bryan J. Hartin and Thomas D. Hickey.

  • How many employees does Iridium Communications have?

    Iridium Communications has 244 employees.

  • What is Iridium Communications revenue?

    Latest Iridium Communications annual revenue is $448 m.

  • What is Iridium Communications revenue per employee?

    Latest Iridium Communications revenue per employee is $1.8 m.

  • Who are Iridium Communications competitors?

    Competitors of Iridium Communications include ORBCOMM, Sky and Space Global and BayCity Communications.

  • 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 Essex.

  • How many offices does Iridium Communications have?

    Iridium Communications has 3 offices.