Iridium Communications connects everyone to the things that matter and offers voice and data connectivity through a constellation of 66 crosslinked LEO satellites. Beyond that, the Iridium Network is at only 780 kilometers from the earth, the proximity of the company’s LEO network means pole-to-pole coverage. As a result, the transmission path is shorter, signals are stronger and the latency is lower than with GEO satellites. In space, each Iridium satellite is linked to up to four others creating a dynamic network that routes traffic among satellites to ensure global coverage, even where traditional networks are unavailable.
52 Week Range (in $)
21.55 – 54.65
Market Cap (in $)
Iridium’s solutions range from Maritime, IoT, Land Mobile and Aviation opportunities to Government applications. For instance, Iridium Maritime solutions provide weather-resilient connection to keep ships connected and safe in all the word’s waterways through a global cross-linked network.
Iridium reported a net loss of $5.2 million, or $0.04 per diluted share for the first quarter of 2021, as compared to a net loss of $31.7 million, or $0.24 per diluted share for the previous year. In particular, the decrease in net loss was primarily the result of the absence of debt extinguishment costs, which were incurred in the year ago period. In addition, the company reported first-quarter revenue of $146.5 million, which consisted of $116.2 million of service revenue and $30.3 million of revenue related to equipment sales and engineering and support projects. Iridium’s share surged around 324% within 5 years.