IRDM Earnings Prediction
The chart below shows how IRDM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IRDM sees a +3.95% change in stock price 10 days leading up to the earnings, and a -1.62% change 10 days following the report. On the earnings day itself, the stock moves by +0.58%. This data can give you a slight idea of what to expect for the next quarter's release.
IRDM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
212.77M
7.68%
5.82%
Gross Margin
49.35%
46.53%
2.43%
Operating Margin
25.97%
82.25%
17.25%
Net Margin
11.49%
1484.34%
-28.54%
EPS
0.21
2200.00%
-22.22%
No Data Available
IRDM Earnings Analysis
Iridium Communications Inc. Corporation (IRDM.O) Earnings Conference Call
Positive
Revenue Increase Announcement: Iridium generated total revenue of $212.8 million, up 8% from the prior year's quarter.
Record Operational EBITDA Growth: Operational EBITDA hit a record $124.4 million in the third quarter, driven by expansion in service revenue.
Service Revenue Increase: Service revenue was up 6% this quarter to $133.3 million, reflecting ongoing momentum in IoT and new growth in hosted payload and other data services.
Shareholder Returns and Buybacks: In the third quarter, Iridium returned $146 million to shareholders through dividends and share repurchases, purchasing 4.7 million shares, reducing outstanding share count by about 4%.
Shareholder Capital Return: Iridium has now returned more than $1 billion of capital to shareholders through repurchases and dividends since the beginning of its shareholder-friendly activities in 2021.
Negative
Customer Growth Decline: Operating highlights show a decline in customer growth, with a net addition of only 70,000 commercial subscribers this quarter, down from previous growth rates.
IoT Subscriber Growth Decline: The company reported a decrease in net subscriber additions in IoT, indicating a slowdown in growth compared to last year's performance.
ARPU Decline Concerns: There was a significant drop in ARPU for certain customer segments, leading to concerns about revenue stability moving forward.
Customer Retention Challenges: The company faced challenges with customer retention, as evidenced by increased cancellations among low ARPU subscribers, which could impact future revenue.
Operating Expenses Impact: Operating expenses increased by 22% year-over-year, putting pressure on profit margins despite revenue growth.
IRDM FAQs
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IRDM Earning Call Sentiment
Iridium Communications Inc. (IRDM) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
IRDM.O
1.75%Positive
The earnings call reveals strong financial performance with record-high operational EBITDA and significant revenue growth across multiple segments, including IoT and engineering support. The Q&A section further highlights positive sentiment, with management raising guidance and expressing confidence in future demand. Despite some uncertainties about precise future guidance, the company's strategic initiatives and shareholder returns, including share repurchases and dividends, are favorable. Given the market cap and positive indicators, the stock is likely to experience a positive movement in the next two weeks, within the 2% to 8% range.