Iridium Communications market cap is $3.2 b, and annual revenue was $560.44 m in FY 2019

Iridium Communications Net income (Q2, 2020)-12.4 M

Iridium Communications EBIT (Q2, 2020)5.8 M

Iridium Communications Cash, 30-Jun-2020119.1 M

Iridium Communications EV4.7 B

Iridium Communications revenue was $560.44 m in FY, 2019 which is a 7.2% year over year increase from the previous period.

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

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Revenue | 448.0m | 523.0m | 560.4m |

| 17% | 7% | |

## Cost of goods sold | 124.8m | 142.9m | 145.1m |

## Gross profit | 323.2m | 380.1m | 415.3m |

| 72% | 73% | 74% |

## R&D expense | 15.2m | 22.4m | 14.3m |

## General and administrative expense | 84.4m | 97.8m | 93.2m |

## Operating expense total | 221.9m | 338.5m | 405.2m |

## Depreciation and amortization | 122.3m | 218.2m | 297.7m |

## EBIT | 115.5m | 41.7m | 10.1m |

| 26% | 8% | 2% |

## Interest expense | 62.4m | 115.4m | |

## Interest income | 4.3m | ||

## Pre tax profit | 119.6m | (20.6m) | (218.1m) |

## Income tax expense | (114.3m) | (7.3m) | (56.1m) |

## Net Income | 233.9m | (13.4m) | (162.0m) |

- Source: SEC Filings

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|

## Revenue | 104.4m | 111.6m | 116.5m | 119.1m | 134.9m | 136.8m | 133.7m | 143.1m | 144.8m | 145.3m | 140.2m |

## Cost of goods sold | 27.1m | 32.2m | 33.1m | 34.2m | 38.3m | 36.3m | 35.0m | 39.0m | 36.4m | 34.3m | |

## Gross profit | 77.4m | 79.4m | 83.5m | 85.0m | 96.7m | 100.5m | 98.7m | 104.1m | 108.3m | 111.0m | |

| 74% | 71% | 72% | 71% | 72% | 73% | 74% | 73% | 75% | 76% | |

## R&D expense | 3.2m | 3.0m | 4.0m | 4.6m | 5.6m | 5.1m | 3.6m | 4.3m | 2.8m | 2.4m | 2.4m |

## General and administrative expense | 19.2m | 20.4m | 18.5m | 22.5m | 24.3m | 27.3m | 23.8m | 21.0m | 22.9m | 20.8m | 21.1m |

## Operating expense total | 36.0m | 43.6m | 45.4m | 65.5m | 80.3m | 94.5m | 100.4m | 100.4m | 100.3m | 99.2m | 23.5m |

## Depreciation and amortization | 13.5m | 20.2m | 22.9m | 38.5m | 50.5m | 62.1m | 72.9m | 75.1m | 74.6m | 75.9m | 75.7m |

## EBIT | 55.6m | 35.7m | 38.1m | 19.4m | 16.3m | 6.0m | (1.6m) | 3.7m | 8.0m | 11.8m | 5.8m |

| 53% | 32% | 33% | 16% | 12% | 4% | (1%) | 3% | 6% | 8% | 4% |

## Interest expense | 4.2m | 13.0m | 20.1m | 25.8m | 29.0m | 30.5m | 26.4m | 22.5m | |||

## Interest income | 833.0k | 832.0k | 1.2m | ||||||||

## Pre tax profit | 56.3m | 36.5m | 39.3m | 15.3m | 3.4m | (14.5m) | (27.8m) | (25.9m) | (22.5m) | (44.4m) | (17.0m) |

## Income tax expense | 18.4m | 11.7m | 10.1m | 3.8m | 7.8m | (1.7m) | (9.7m) | (7.8m) | (4.4m) | (12.7m) | (4.6m) |

## Net Income | 37.9m | 24.8m | 29.3m | 11.5m | (4.4m) | (12.9m) | (18.0m) | (18.1m) | (18.0m) | (31.7m) | (12.4m) |

- Source: SEC Filings

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Cash | 285.9m | 273.4m | 223.6m |

## Accounts Receivable | 68.0m | 71.2m | 68.7m |

## Prepaid Expenses | 25.3m | 18.3m | 10.7m |

## Inventories | 20.1m | 27.5m | 39.9m |

## Current Assets | 411.1m | 390.4m | 342.9m |

## PP&E | 3.2b | 3.4b | 3.2b |

## Total Assets | 3.8b | 4.0b | 3.6b |

## Accounts Payable | 43.1m | 12.9m | 6.7m |

## Short-term debt | 100.5m | 155.4m | 18.7m |

## Current Liabilities | 214.2m | 262.7m | 113.8m |

## Long-term debt | 1.6b | 1.8b | 1.8b |

## Total Debt | 1.7b | 2.0b | 1.8b |

## Total Liabilities | 2.2b | 2.4b | 2.2b |

## Common Stock | 98.0k | 112.0k | 132.0k |

## Additional Paid-in Capital | 1.1b | 1.1b | 1.1b |

## Retained Earnings | 518.8m | 501.7m | 332.0m |

## Total Equity | 1.6b | 1.6b | 1.5b |

## Debt to Equity Ratio | 1.1 x | 1.2 x | 1.2 x |

## Debt to Assets Ratio | 0.5 x | 0.5 x | 0.5 x |

## Financial Leverage | 2.4 x | 2.5 x | 2.5 x |

- Source: SEC Filings

- Source: SEC Filings

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Net Income | 233.9m | (13.4m) | (162.0m) |

## Depreciation and Amortization | 122.3m | 218.2m | 297.7m |

## Accounts Receivable | (10.3m) | (12.8m) | 2.5m |

## Inventories | (1.9m) | (7.6m) | (13.0m) |

## Accounts Payable | 896.0k | (732.0k) | (4.3m) |

## Cash From Operating Activities | 259.6m | 263.7m | 198.1m |

## Purchases of PP&E | (400.1m) | (391.4m) | (117.8m) |

## Cash From Investing Activities | (372.7m) | (378.9m) | (127.8m) |

## Short-term Borrowings | (80.4m) | (1.7b) | |

## Cash From Financing Activities | 16.9m | 193.5m | (313.3m) |

## Net Change in Cash | (96.0m) | 77.0m | (241.7m) |

## Interest Paid | 85.3m | 101.8m | |

## Income Taxes Paid | 1.7m | 931.0k | (606.0k) |

- Source: SEC Filings

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|

## Net Income | (18.0m) | (36.1m) | (54.1m) | (31.7m) | (44.1m) | ||||||

## Depreciation and Amortization | 72.9m | 148.0m | 222.6m | 75.9m | 151.6m | ||||||

## Accounts Receivable | 2.6m | (20.4m) | 1.1m | 3.6m | 7.1m | ||||||

## Inventories | (7.6m) | (9.7m) | (11.0m) | 2.3m | 2.7m | ||||||

## Accounts Payable | 3.9m | 1.4m | 3.0m | 2.3m | 1.7m | ||||||

## Cash From Operating Activities | 63.9m | 119.9m | 203.2m | 58.3m | 141.1m | 225.5m | 48.1m | 64.1m | 142.5m | 40.8m | 104.5m |

## Purchases of PP&E | (48.9m) | (168.2m) | (290.7m) | (83.0m) | (215.0m) | (294.7m) | (34.6m) | (92.6m) | (102.8m) | (9.5m) | (18.7m) |

## Cash From Investing Activities | (42.6m) | (150.3m) | (271.8m) | (91.2m) | (403.1m) | (282.3m) | (44.6m) | (102.6m) | (112.8m) | (9.5m) | (18.7m) |

## Short-term Borrowings | (26.1m) | (26.1m) | (54.0m) | (126.0m) | |||||||

## Cash From Financing Activities | (6.5m) | (5.5m) | 27.3m | 264.6m | 239.6m | 241.6m | (1.4m) | (57.4m) | (128.7m) | (186.0m) | (189.1m) |

## Net Change in Cash | 15.0m | (36.0m) | (41.1m) | 231.6m | (22.4m) | 184.1m | 3.4m | (95.3m) | (98.5m) | (156.3m) | (104.4m) |

## Interest Paid | 42.5m | 42.5m | 787.0k | 37.5m | 37.3m | 419.0k | 60.6m | 101.1m | 33.4m | 55.2m | |

## Income Taxes Paid | 1.1m | 1.3m | 1.7m | 253.0k | 501.0k | 772.0k | 280.0k | 590.0k | 999.0k | 254.0k | 608.0k |

- Source: SEC Filings

USD | Q1, 2017 |
---|---|

## Revenue/Employee | 265.7k |

## Debt/Equity | 1.2 x |

## Debt/Assets | 0.5 x |

## Financial Leverage | 2.6 x |

Iridium Communications's Subscribers was reported to be 1.3 m in Q1, 2020.

FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Patents (Foreign) | 1 | 1 | 1 | 1 | 1 | |||||||||||||||||

## Patents (US) | 8 | 8 | 14 | 21 | 21 | 27 | ||||||||||||||||

## Resellers | 190 | 195 | 190 | 180 | 200 | 200 | 200 | 215 | 195 | 200 | 200 | 200 | 220 | 220 | 230 | 230 | 230 | 240 | 250 | 250 | 260 | 270 |

## Satellite Fleet | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 |

## 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 k | 748 k | 766 k | 781 k | 782 k | 788 k | 823 k | 838 k | 850 k | 869 k | 912 k | 949 k | 969 k | 996 k | 1.05 m | 1.09 m | 1.12 m | 1.15 m | 1.21 m | 1.27 m | 1.30 m | 1.33 m |

## Value-added Manufacturers | 40 | 45 | 50 | 40 | 45 | 60 | 60 | 65 | 80 | 65 | 70 | 70 | 85 | 85 | 85 | 90 | 90 | 90 | 90 | 90 | 90 | 95 |