|Bid||27.00 x 2200|
|Ask||28.93 x 800|
|Day's Range||27.08 - 28.52|
|52 Week Range||16.87 - 32.08|
|Beta (5Y Monthly)||1.43|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Iridium Communications Inc. (NASDAQ: IRDM) today announced six beta partners for its newest out-of-the-box satellite IoT device, the Iridium Edge Solar – an intelligent, secure and maintenance-free solar-powered remote asset management device with over-the-air configuration capabilities. The six companies selected to participate in beta testing include CLS Telemetry, Everywhere Communications, Marlink, M2M Data Corporation, Rock Seven, and Tesacom. These companies represent some of the most innovative of the over 450 partners that are licensed to create Iridium® network-based solutions.
Iridium Communications Inc. (NASDAQ: IRDM) is proud to unveil the Iridium Online Museum, celebrating the challenges and successes of an audacious idea that initially failed, but ultimately succeeded and achieved its vision, inspiring a resurgence in commercial interest in space. The launch of the museum is timely, coinciding with the 20th anniversary of the first legal steps taken towards Iridium's rebirth as a modern company, on July 31, 2000. As Iridium continues its legacy of innovation and enters a new chapter of its story following the success of the Iridium® NEXT launch program, continued growth, and financial transformation, the interactive website commemorates the Company's unique history and offers lessons for other current and future endeavors.
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the second quarter of 2020 and updated its full-year 2020 outlook. Net loss was $12.4 million, or $0.09 per diluted share, for the second quarter of 2020, as compared to net loss of $18.1 million, or $0.16 per diluted share, for the second quarter of 2019. This decrease in net loss was primarily the result of lower net interest expenses related to the refinancing of Iridium's credit facility and high-yield notes from the year ago period and a decline in in-orbit insurance costs and research and development expenses. Operational EBITDA ("OEBITDA")(1) for the second quarter was $85.3 million, as compared to $85.1 million for the prior-year period, representing an OEBITDA margin(1) of 61%.