Iridium Communications Inc. (IRDM)
38.50 -0.29 (-0.75%)
After hours: 4:59PM EST
| Previous close | 39.47 |
| Open | 42.00 |
| Bid | 38.80 x 1800 |
| Ask | 38.82 x 2200 |
| Day's range | 38.77 - 42.19 |
| 52-week range | 16.87 - 54.65 |
| Volume | 1,545,401 |
| Avg. volume | 1,529,286 |
| Market cap | 5.209B |
| Beta (5Y monthly) | 1.21 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- PR Newswire
Iridium To Present At March Investor Conferences
Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today announced that Company executives would speak at two investor conferences in March:
- PR Newswire
Iridium Announces 2020 Results; Company Issues 2021 Outlook
Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the fourth quarter of 2020 and issued its full-year 2021 guidance. Net loss was $7.9 million, or $0.06 per diluted share, for the fourth quarter of 2020, as compared to net loss of $107.9 million, or $0.82 per diluted share, for the fourth quarter of 2019. This improvement was primarily the result of debt extinguishment costs associated with Iridium's refinancing in the fourth quarter of 2019, which did not recur in 2020. Operational EBITDA ("OEBITDA")(1) for the fourth quarter was $84.8 million, as compared to $80.1 million for the prior-year period, representing a year-over-year increase of 6% and an OEBITDA margin(1) of 58%. OEBITDA primarily benefitted from increased commercial service revenue and engineering and support work with the U.S. government.
- PR Newswire
Iridium Board Of Directors Approves $300 Million Share Repurchase Program
Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today announced that its Board of Directors has authorized the repurchase of up to $300 million of Iridium common stock through December 31, 2022. This time frame can also be extended or shortened by the Board of Directors. Share purchases will be executed opportunistically, with the aim of maximizing return on investment, while maintaining the company's forecasted deleveraging targets. Repurchases, if any, will be made from time-to-time on the open market at prevailing prices or in negotiated transactions off the market.
