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.

Type
Public
HQ
McLean, US
Founded
2000
Size (employees)
244 (est)
Iridium Communications was founded in 2000 and is headquartered in McLean, US
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Iridium Communications Office Locations

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

Iridium Communications Financials

Iridium Communications's revenue was reported to be $433.64 m in FY, 2016 which is a 5.4% increase from the previous period.
USD

Revenue (Q1, 2018)

119.1 m

Gross profit (Q1, 2018)

100.2 m

Gross profit margin (Q1, 2018), %

84.1%

Net income (Q1, 2018)

11.5 m

EBIT (Q1, 2018)

19.4 m

Market capitalization (14-Jun-2018)

2 b

Closing share price (14-Jun-2018)

17.9

Cash (31-Mar-2018)

430.7 m
Iridium Communications's current market capitalization is $2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

382.6 m408.6 m411.4 m433.6 m

Revenue growth, %

7%1%5%

Cost of goods sold

59.3 m62.1 m60.3 m65 m

Gross profit

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

Revenue

100.6 m98 m102.5 m107.5 m97 m101.9 m106 m104.2 m109.2 m112.8 m104.4 m112 b117 b119.1 m

Cost of goods sold

14.8 m14.2 m16.7 m16.4 m14.9 m14.3 m14 m15.9 m16.4 m15.9 m17 m21.4 b19 m

Gross profit

85.8 m83.8 m85.8 m91.1 m82.1 m87.6 m92 m88.3 m92.7 m96.9 m87.5 m90.6 b100.2 m

Gross profit Margin, %

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

Cash

186.3 m211.2 m185.7 m371.2 m

Accounts Receivable

54.8 m50.7 m51.7 m57.4 m

Inventories

12.5 m10.6 m13.1 m18.2 m

Current Assets

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

Cash

197 m184.5 m336.3 m307.1 m217.8 m198.9 m290.7 m287.2 m367 m374 m386.2 m335.2 m330.1 m430.7 m

Accounts Receivable

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

Inventories

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

Current Assets

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

Net Income

62.5 m75 m7.1 m111 m

Depreciation and Amortization

75 m72.8 m51.8 b49.4 b

Inventories

(7.7 m)1.5 m(3.6 m)9 m

Accounts Payable

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

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

15.9 m11.2 m6.8 m27.6 m34.3 m8.4 m12 m37.7 m10.4 m
USDY, 2018

Revenue/Employee

488.3 k

Financial Leverage

2.6 x
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Iridium Communications Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Patents (foreign)

1 1 1

Resellers

190 195 190 180 200 200 200 215 195 200 200

Satellite Fleet

66 66 66 66 66 66 66 66 66 66 66

Service Providers

70 75 75 75 75 75 75 80 65 70 70
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Iridium Communications Revenue Breakdown

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

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Iridium Communications Online and Social Media Presence

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