Iridium

Iridium Announces Second-Quarter 2023 Results; Reports Record Operational EBITDA

Retrieved on: 
Tuesday, July 25, 2023
Maintenance, Capital expenditure, Defense, Iridium Communications, Operational definition, Share repurchase, Internet of things, Aviation, Space Development Agency, Human, GAAP, Government, Military personnel, ARPU, Starcom: The U.S. Space Force, Recreation, Forestry, EBITDA, Investment, United States Commercial Service, Mining, Depreciation, Growth, Federation, Commercial, Transport, Support, Department of Defence, Total, Communications satellite, Video game, Mobile phone, Cryptocurrency, Airline, Tutoring, Beauty salon, Bank, Iridium, Engineering

MCLEAN, Va., July 25, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the second quarter of 2023 and reiterated its full-year 2023 outlook.

Key Points: 
  • MCLEAN, Va., July 25, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, today reported financial results for the second quarter of 2023 and reiterated its full-year 2023 outlook.
  • Operational EBITDA ("OEBITDA")(1) for the second quarter was $115.8 million, as compared to $105.9 million for the prior-year period, representing a year-over-year increase of 9%.
  • "We had another great quarter of double-digit growth in subscribers and commercial service revenue, which drove record operational EBITDA," said Matt Desch, CEO, Iridium.
  • Since Operational EBITDA does not account for these and other expenses, its utility as a measure of the Company's operating performance has material limitations.

Iridium Launches Iridium Certus for Aviation Service, Revolutionizing Aircraft Connectivity

Retrieved on: 
Monday, July 24, 2023
Aircraft, Swap, Iridium Communications, UAS, Atmosphere, VARS, Safety, Aviation, EFB, Assault, Human, IRDM, Certification, GEO, VAM Lerma, LEO, Growth, Weather, UAV, Ecosystem, UAM, Communications satellite, Airline, Platinum, Iridium, Power

This milestone achievement marks the availability and certification of Iridium Connected® aviation solutions for commercial transport aircraft, business aviation, helicopters, private aircraft, and Uncrewed Aircraft Systems (UAS) that offer more compact, cost-effective equipment with superior coverage compared to alternative systems.

Key Points: 
  • This milestone achievement marks the availability and certification of Iridium Connected® aviation solutions for commercial transport aircraft, business aviation, helicopters, private aircraft, and Uncrewed Aircraft Systems (UAS) that offer more compact, cost-effective equipment with superior coverage compared to alternative systems.
  • Iridium's partners are introducing a range of multi-tier Iridium Certus solutions that complement other in-flight connectivity (IFC) systems installed on aircraft.
  • Multiple Iridium Value Added Manufacturers (VAMs) and Value-Added Resellers (VARs) are providing a spectrum of Iridium Certus 100 and Iridium Certus 700 solutions.
  • To learn more about Iridium Certus for aviation, visit: https://www.iridium.com/iridium-certus-aviation/
    To learn more about Iridium, visit: www.iridium.com

Iridium Launches Iridium Certus for Aviation Service, Revolutionizing Aircraft Connectivity

Retrieved on: 
Monday, July 24, 2023
Aircraft, Swap, Iridium Communications, UAS, Atmosphere, VARS, Safety, Aviation, EFB, Assault, Human, IRDM, Certification, GEO, VAM Lerma, LEO, Growth, Weather, UAV, Ecosystem, UAM, Communications satellite, Airline, Platinum, Iridium, Power

This milestone achievement marks the availability and certification of Iridium Connected® aviation solutions for commercial transport aircraft, business aviation, helicopters, private aircraft, and Uncrewed Aircraft Systems (UAS) that offer more compact, cost-effective equipment with superior coverage compared to alternative systems.

Key Points: 
  • This milestone achievement marks the availability and certification of Iridium Connected® aviation solutions for commercial transport aircraft, business aviation, helicopters, private aircraft, and Uncrewed Aircraft Systems (UAS) that offer more compact, cost-effective equipment with superior coverage compared to alternative systems.
  • Iridium's partners are introducing a range of multi-tier Iridium Certus solutions that complement other in-flight connectivity (IFC) systems installed on aircraft.
  • Multiple Iridium Value Added Manufacturers (VAMs) and Value-Added Resellers (VARs) are providing a spectrum of Iridium Certus 100 and Iridium Certus 700 solutions.
  • To learn more about Iridium Certus for aviation, visit: https://www.iridium.com/iridium-certus-aviation/
    To learn more about Iridium, visit: www.iridium.com

3M named a finalist in sustainability for Fast Company's annual list of the Best Workplaces for Innovators

Retrieved on: 
Tuesday, July 11, 2023
3M, Iridium, U.S. Department of Energy, Office of Inspector General, U.S. Department of Defense Strategy for Operating in Cyberspace, Education, Marketing, Innovation, Carbon, DOE, Organization, Sustainable design, 100 Best Workplaces in Europe, Accenture, Management

ST. PAUL, Minn., July 11, 2023 /PRNewswire/ -- Fast Company today announced its fifth annual Best Workplaces for Innovators list, honoring organizations and businesses that demonstrate an inspiring commitment to encourage and develop innovation at all levels. 3M was named a finalist in the sustainability category for its climate innovations, including the 3M™ Nanostructured Supported Iridium Catalyst Powder, a technology that could make the production of green hydrogen more cost-effective, efficient and obtainable.

Key Points: 
  • 3M was named a finalist in the sustainability category for its climate innovations, including the 3M™ Nanostructured Supported Iridium Catalyst Powder, a technology that could make the production of green hydrogen more cost-effective, efficient and obtainable.
  • Developed in collaboration with Accenture, the 2023 Best Workplaces for Innovators ranks 100 winners from a variety of industries, including entertainment, biotech, consumer packaged goods, marketing, education, health care, and many more.
  • "Innovation is a global priority, and this year's list has a decidedly international flavor," says Brendan Vaughan, editor-in-chief of Fast Company.
  • Fast Company's Best Workplaces for Innovators issue (Summer 2023) is available online now, and the print issue will be on newsstands beginning July 18, 2023.

Satellite Technology and Cellular Smartphone Convergence Propel 5G NTN-Mobile Market to US$18 Billion in Service Revenues by 2031

Retrieved on: 
Thursday, July 6, 2023
AT&T, Communications satellite, Communication, Bell Canada, Huawei, AT, Smartphone, NTN, Cavalier, Telephone, Human, ZTE, Research, STC, Globalstar, Inmarsat, Compound annual growth rate, Motorola, MNO, Monolithic kernel, MTN Group, Apple, AST SpaceMobile, SpaceX, Growth, Role, 3GPP, Saudi Telecom Company, MediaTek, T-Mobile, AST, Rakuten Mobile Park Miyagi, Mobile phone, Iridium, Qualcomm, Lynk, Vodafone

Following the release of 3GPP Release-17, the satellite-to-mobile marketplace has gained significant momentum, driven by notable product launches and major announcements.

Key Points: 
  • Following the release of 3GPP Release-17, the satellite-to-mobile marketplace has gained significant momentum, driven by notable product launches and major announcements.
  • Companies such as Apple , Huawei , ZTE , Qualcomm , Motorola , MediaTek , Bullitt , Globalstar , Inmarsat , and Iridium , among others have formed strategic partnerships within the cellular mobile and satellite industries.
  • T-Mobile , a United States-based MNO, for instance, has partnered with satellite operator SpaceX /Starlink to provide satellite-to-mobile connectivity services.
  • Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific technology.

Satellite Technology and Cellular Smartphone Convergence Propel 5G NTN-Mobile Market to US$18 Billion in Service Revenues by 2031

Retrieved on: 
Thursday, July 6, 2023
AT&T, Communications satellite, Communication, Bell Canada, Huawei, AT, Smartphone, NTN, Cavalier, Telephone, Human, ZTE, Research, STC, Globalstar, Inmarsat, Compound annual growth rate, Motorola, MNO, Monolithic kernel, MTN Group, Apple, AST SpaceMobile, SpaceX, Growth, Role, 3GPP, Saudi Telecom Company, MediaTek, T-Mobile, AST, Rakuten Mobile Park Miyagi, Mobile phone, Iridium, Qualcomm, Lynk, Vodafone

Following the release of 3GPP Release-17, the satellite-to-mobile marketplace has gained significant momentum, driven by notable product launches and major announcements.

Key Points: 
  • Following the release of 3GPP Release-17, the satellite-to-mobile marketplace has gained significant momentum, driven by notable product launches and major announcements.
  • Companies such as Apple , Huawei , ZTE , Qualcomm , Motorola , MediaTek , Bullitt , Globalstar , Inmarsat , and Iridium , among others have formed strategic partnerships within the cellular mobile and satellite industries.
  • T-Mobile , a United States-based MNO, for instance, has partnered with satellite operator SpaceX /Starlink to provide satellite-to-mobile connectivity services.
  • Based on extensive primary interviews, Application Analysis reports present in-depth analysis on key market trends and factors for a specific technology.

Iridium Announces Release Date for Second-Quarter 2023 Financial Results

Retrieved on: 
Friday, June 30, 2023
Iridium, Webcast, Iridium Communications, Mobile phone, Life insurance

MCLEAN, Va., June 30, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Tuesday, July 25, 2023 at 8:30 a.m. Eastern Time (ET) to discuss the Company's second-quarter 2023 financial results.

Key Points: 
  • MCLEAN, Va., June 30, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium"), a leading provider of global voice and data satellite communications, will host a conference call on Tuesday, July 25, 2023 at 8:30 a.m. Eastern Time (ET) to discuss the Company's second-quarter 2023 financial results.
  • In advance of the call on July 25, 2023, Iridium will issue its second-quarter 2023 earnings press release, which will be available on the investor relations page of the Company's website.
  • To participate in the teleconference, callers can dial 1-412-902-6740 and ask for the Iridium Communications Inc. conference call.
  • Please dial in five minutes prior to the scheduled start time to help ensure the conference call begins in a timely manner.

New Iridium Secures $1M NSF SBIR Phase II Grant to Revolutionize Chemical Manufacturing and Combat Climate Change

Retrieved on: 
Thursday, June 29, 2023
Iridium, Partnership, NSF, SBIR, National Science Foundation, Carbon dioxide, Carbon, DOE, CO, Chemical industry, Small Business Innovation Research, Global Challenge, Fort Collins, Colorado, Environment, CO2, Pharmaceutical industry, Renewable energy

New Iridium’s technology provides an avenue to utilize carbon dioxide (CO2) to create value-added products, while drastically mitigating carbon emissions through process efficiencies and electrification.

Key Points: 
  • New Iridium’s technology provides an avenue to utilize carbon dioxide (CO2) to create value-added products, while drastically mitigating carbon emissions through process efficiencies and electrification.
  • With this NSF SBIR Phase II grant, New Iridium is poised to accelerate the development of its groundbreaking technology and drive the transition to a sustainable and low-carbon future for the chemical industry.
  • “We are thrilled to receive this prestigious NSF SBIR Phase II grant, which will play a pivotal role in our journey to transform the chemical industry,” said Dr. Chern-Hooi Lim, New Iridium CEO.
  • With the combination of the NSF SBIR Phase II grant, notable partnerships, and industry recognition, New Iridium is well-positioned to make significant strides toward decarbonizing the chemical industry and spearheading the adoption of low-carbon technologies.

Strong Growth in the Satellite IoT Industry Expected with Connection Revenue Reaching US$7.8 Billion by 2030

Retrieved on: 
Wednesday, June 28, 2023
Kepler, Small satellite, Shell, Communications satellite, Partnership, Swarm Technologies, Internet of things, Agriculture, Orbit, Sunward Aerospace Group, Intelsat, HEAD, CBM, Deutsche Telekom, Research, Space Applications Services, Johannes Kepler, Inmarsat, Globalstar, Ebro, Satellite, Falcon, ORBCOMM, SATCOM, LEO, SpaceX, Ecosystem, CubeSat, Industry analyst, Aircraft, Iridium

NEW YORK, June 28, 2023 /PRNewswire/ -- Decreasing costs of satellite launches and lower capital outlays have enabled several new Small Satellite (SmallSat) operators (such as Swarm Technologies, Kepler, FOSSA Systems, Sateliot, Lacuna Space, HEAD Aerospace Group, and Totum Labs) to enter the satellite Internet-of-Things (IoT) market with low-cost and low-power satellite connectivity offerings. These new entities seek to challenge traditional satellite IoT incumbents, including Inmarsat, Iridium, ORBCOMM, and Globalstar, to provide a more cost-effective solution for end customers. According to global technology intelligence firm ABI Research, total satellite IoT connections will increase from 10.4 million in 2022 to 27.0 million in 2030 (at a CAGR of 12.7%), with satellite IoT connection revenue growing from US$2.2 billion to US$7.8 billion in the same period (at a CAGR of 16.6%).

Key Points: 
  • These new entities seek to challenge traditional satellite IoT incumbents, including Inmarsat , Iridium , ORBCOMM , and Globalstar , to provide a more cost-effective solution for end customers.
  • According to global technology intelligence firm ABI Research, total satellite IoT connections will increase from 10.4 million in 2022 to 27.0 million in 2030 (at a CAGR of 12.7%), with satellite IoT connection revenue growing from US$2.2 billion to US$7.8 billion in the same period (at a CAGR of 16.6%).
  • Increased competition in the space launch services industry from China, for example, is expected to further drive down launch costs," explains Matthias Foo, Industry Analyst at ABI Research.
  • "As such, satellite connectivity is seen as a suitable option to augment existing terrestrial IoT solutions for these use cases," Foo points out.

Strong Growth in the Satellite IoT Industry Expected with Connection Revenue Reaching US$7.8 Billion by 2030

Retrieved on: 
Wednesday, June 28, 2023
Kepler, Small satellite, Shell, Communications satellite, Partnership, Swarm Technologies, Internet of things, Agriculture, Orbit, Sunward Aerospace Group, Intelsat, HEAD, CBM, Deutsche Telekom, Research, Space Applications Services, Johannes Kepler, Inmarsat, Globalstar, Ebro, Satellite, Falcon, ORBCOMM, SATCOM, LEO, SpaceX, Ecosystem, CubeSat, Industry analyst, Aircraft, Iridium

NEW YORK, June 28, 2023 /PRNewswire/ -- Decreasing costs of satellite launches and lower capital outlays have enabled several new Small Satellite (SmallSat) operators (such as Swarm Technologies, Kepler, FOSSA Systems, Sateliot, Lacuna Space, HEAD Aerospace Group, and Totum Labs) to enter the satellite Internet-of-Things (IoT) market with low-cost and low-power satellite connectivity offerings. These new entities seek to challenge traditional satellite IoT incumbents, including Inmarsat, Iridium, ORBCOMM, and Globalstar, to provide a more cost-effective solution for end customers. According to global technology intelligence firm ABI Research, total satellite IoT connections will increase from 10.4 million in 2022 to 27.0 million in 2030 (at a CAGR of 12.7%), with satellite IoT connection revenue growing from US$2.2 billion to US$7.8 billion in the same period (at a CAGR of 16.6%).

Key Points: 
  • These new entities seek to challenge traditional satellite IoT incumbents, including Inmarsat , Iridium , ORBCOMM , and Globalstar , to provide a more cost-effective solution for end customers.
  • According to global technology intelligence firm ABI Research, total satellite IoT connections will increase from 10.4 million in 2022 to 27.0 million in 2030 (at a CAGR of 12.7%), with satellite IoT connection revenue growing from US$2.2 billion to US$7.8 billion in the same period (at a CAGR of 16.6%).
  • Increased competition in the space launch services industry from China, for example, is expected to further drive down launch costs," explains Matthias Foo, Industry Analyst at ABI Research.
  • "As such, satellite connectivity is seen as a suitable option to augment existing terrestrial IoT solutions for these use cases," Foo points out.