Iridium to Present at Drexel Hamilton Telecom, Media & Technology Conference
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today announced that it is scheduled to present at the Drexel Hamilton Telecom, Media & Technology Conference in New York on Wednesday, September 6, 2017 at 3:30 p.m. ET. The presentation will be simultaneously audio webcast at http://investor.iridium.com/events.cfm. The audio webcast will be archived for 30 days following the conference.
Iridium Announces Second-Quarter 2017 Results; Company Affirms 2017 Outlook
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the second quarter of 2017 and affirmed its full-year 2017 outlook. Net income was $24.8 million, or $0.20 per diluted share, for the second quarter of 2017, as compared to $26.9 million, or $0.22 per diluted share, for the second quarter of 2016. Operational EBITDA ("OEBITDA")(1) for the second quarter was $65.8 million, as compared to $62.5 million for the prior-year period, representing a year-over-year increase of 5% and an OEBITDA margin(1) of 59%. OEBITDA grew primarily due to higher commercial service revenue from the Company's machine-to-machine ("M2M") business.
Iridium Poised to Make Global Maritime Distress and Safety System History
Iridium Communications Inc. (NASDAQ:IRDM) announced today that two key milestones along the path to becoming the second recognized provider of Global Maritime Distress Safety System (GMDSS) services have been reached. During its 98th session this past June, the International Maritime Organization's (IMO) Maritime Safety Committee (MSC) adopted new performance standards for GMDSS equipment and approved amendments to the Safety of Life at Sea (SOLAS) Treaty, which pave the way for Iridium to become a recognized GMDSS service provider.
Iridium Announces Release Date for Second-Quarter 2017 Financial Results
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") will host a conference call on Thursday, July 27, 2017 at 8:30 a.m. Eastern Time (ET) to discuss the Company's second-quarter 2017 financial results. In advance of the call on July 27, 2017, Iridium will issue its second-quarter 2017 earnings press release, which will be available at http://www.iridium.com. To participate in the teleconference, callers can dial the toll-free number 1-877-334-1964 (U.S. callers only) or 1-631-291-4574 (from outside the U.S.). The conference call ID is 43003425.
Successful Second Launch Doubles the Number of Iridium® NEXT Satellites in Space
Iridium Communications Inc. (NASDAQ:IRDM), the only communications company with truly global coverage, announced today the successful second launch of its next-generation network, Iridium NEXT. This payload of 10 satellites was deployed into low-Earth orbit, approximately one hour after a SpaceX Falcon 9 rocket lifted off from Vandenberg Air Force Base in California, at 1:25pm PDT (20:25 UTC). With this launch complete, there are now 20 Iridium NEXT satellites in orbit, establishing the infrastructure for groundbreaking technologies such as Iridium Certus and Aireon's space-based Automatic Dependent Surveillance-Broadcast (ADS-B) aircraft tracking and surveillance service.
Iridium to Present at William Blair Growth Stock Conference
Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today announced that Chief Executive Officer Matthew J. Desch is scheduled to speak at the William Blair Growth Stock Conference in Chicago on Tuesday, June 13, 2017 at 9:30 a.m. CT. The presentation will be simultaneously audio webcast at http://investor.iridium.com/events.cfm. The audio webcast will be archived for 30 days following the conference.