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

Latest Updates

Employees (est.) (Dec 2019)497(+6%)
Job Openings48
Revenue (FY, 2020)$583.4 M(+5%)
Share Price (Jun 2021)$38.1(+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 (Q1, 2021)

146.5m

Net income (Q1, 2021)

(5.2m)

EBIT (Q1, 2021)

9.0m

Market capitalization (7-Jun-2021)

5.0b

Closing stock price (7-Jun-2021)

38.1

Cash (31-Mar-2021)

214.8m

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, 2020Q1, 2021

Revenue

119.1m134.9m136.8m133.7m143.1m144.8m145.3m140.2m151.5m146.5m

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, 2020Q1, 2021

Net Income

(18.0m)(36.1m)(54.1m)(31.7m)(44.1m)(48.1m)(5.2m)

Depreciation and Amortization

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

Inventories

(7.6m)(9.7m)(11.0m)2.3m2.7m6.7m2.6m

Accounts Payable

3.9m1.4m3.0m2.3m1.7m556.0k(4.2m)
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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)

11111

Patents (US)

8814212127

Service Providers

707575757575758065707070140150150160130110110100100110130135

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 m1.3 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

75/100

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

On Cloud 66 Series (Part 3): Getting Stacked with AWS CloudFormation Modules

Welcome back to Cloud 66! In case you missed our first or second posts in the series, we introduced the Iridium CloudConnect Short Burst Data (SBD) on Amazon Web Services (AWS) Quick Start and gave an overview of how this resource helps developers and their teams implement the service. We also took …

Defining Satellite Push-To-Talk (PTT) Part 1 – Extending Real-Time Group Communication Beyond Traditional Tower-Based Networks

Welcome to our two-part blog series on Iridium® PTT. In this series, we will be providing you with an introduction to all things Iridium PTT and the importance of global real-time group communications in supporting critical operations worldwide. In Part 1, we will cover the basics of satellite PTT a…

Applied Satellite Technology Becomes First Authorized Iridium® GMDSS Service Provider for Liberian Flagged Vessels

The Liberian Registry has earned international respect for its dedication to flagging the world’s safest and most secure vessels. The Registry has experienced significant growth throughout its history and is recognized as the world’s fastest growing major open registry, with 12% of the world’s ocean…

On Cloud 66 Series (Part 2): How Iridium® CloudConnect Makes Your Connected Server Application Simple, Flexible (and Fun!)

Welcome back to Cloud 66! We missed you. In case you missed our first post, we introduced the Iridium CloudConnect Short Burst Data® (SBD®) on Amazon Web Services (AWS) Quick Start, and gave an overview of how this resource helps developers and their teams implement the service. For this edition, we…

Connectivity at Sea with Alex Thomson Racing and Nokia Bell Labs

Join Alex Thomson Racing and Nokia Bell Labs as they share an insight into the work that took place in the lead up to the Vendée Globe 2020 to ensure that Alex was better connected than ever before, as he raced solo around the world. While sailing offshore, particularly for a long duration of time, …

Iridium’s Unique Role in the Polar Regions

To celebrate Earth Day, we wanted to share some of the innovative ways the Iridium® network is supporting polar scientific research and environmental monitoring applications in the polar regions. As the only communications network that provides reliable, truly global coverage, Iridium’s unique netwo…
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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.