Iridium Communications (IRDM) stock price, revenue, and financials

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

$3.2 B

IRDM Mkt cap, 23-Sept-2020

$140.2 M

Iridium Communications Revenue Q2, 2020
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

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

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Iridium Communications Revenue Breakdown

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Iridium Communications revenue breakdown by business segment: 14.8% from Subscriber Equipment, 79.8% 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 Income Statement

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

Gross profit Margin, %

72%73%74%

R&D expense

15.2m22.4m14.3m

General and administrative expense

84.4m97.8m93.2m

Operating expense total

221.9m338.5m405.2m

Depreciation and amortization

122.3m218.2m297.7m

EBIT

115.5m41.7m10.1m

EBIT margin, %

26%8%2%

Interest expense

62.4m115.4m

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)

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%

R&D expense

3.2m3.0m4.0m4.6m5.6m5.1m3.6m4.3m2.8m2.4m2.4m

General and administrative expense

19.2m20.4m18.5m22.5m24.3m27.3m23.8m21.0m22.9m20.8m21.1m

Operating expense total

36.0m43.6m45.4m65.5m80.3m94.5m100.4m100.4m100.3m99.2m23.5m

Depreciation and amortization

13.5m20.2m22.9m38.5m50.5m62.1m72.9m75.1m74.6m75.9m75.7m

EBIT

55.6m35.7m38.1m19.4m16.3m6.0m(1.6m)3.7m8.0m11.8m5.8m

EBIT margin, %

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

Interest expense

4.2m13.0m20.1m25.8m29.0m30.5m26.4m22.5m

Interest income

833.0k832.0k1.2m

Pre tax profit

56.3m36.5m39.3m15.3m3.4m(14.5m)(27.8m)(25.9m)(22.5m)(44.4m)(17.0m)

Income tax expense

18.4m11.7m10.1m3.8m7.8m(1.7m)(9.7m)(7.8m)(4.4m)(12.7m)(4.6m)

Net Income

37.9m24.8m29.3m11.5m(4.4m)(12.9m)(18.0m)(18.1m)(18.0m)(31.7m)(12.4m)

Iridium Communications Balance Sheet

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

Current Assets

411.1m390.4m342.9m

PP&E

3.2b3.4b3.2b

Total Assets

3.8b4.0b3.6b

Accounts Payable

43.1m12.9m6.7m

Short-term debt

100.5m155.4m18.7m

Current Liabilities

214.2m262.7m113.8m

Long-term debt

1.6b1.8b1.8b

Total Debt

1.7b2.0b1.8b

Total Liabilities

2.2b2.4b2.2b

Common Stock

98.0k112.0k132.0k

Additional Paid-in Capital

1.1b1.1b1.1b

Retained Earnings

518.8m501.7m332.0m

Total Equity

1.6b1.6b1.5b

Debt to Equity Ratio

1.1 x1.2 x1.2 x

Debt to Assets Ratio

0.5 x0.5 x0.5 x

Financial Leverage

2.4 x2.5 x2.5 x

Iridium Communications Cash Flow

Annual

USDFY, 2017FY, 2018FY, 2019

Net Income

233.9m(13.4m)(162.0m)

Depreciation and Amortization

122.3m218.2m297.7m

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

259.6m263.7m198.1m

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

16.9m193.5m(313.3m)

Net Change in Cash

(96.0m)77.0m(241.7m)

Interest Paid

85.3m101.8m

Income Taxes Paid

1.7m931.0k(606.0k)

Iridium Communications Ratios

USDQ1, 2017

Revenue/Employee

265.7k

Debt/Equity

1.2 x

Debt/Assets

0.5 x

Financial Leverage

2.6 x

Iridium Communications Operating Metrics

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

Iridium Communications Employee Rating

3.642 votes
Culture & Values
3.7
Work/Life Balance
3.5
Senior Management
3.7
Salary & Benefits
3.8
Career Opportunities
3.4
Source