Desch

Iridium Announces 2023 Results; Company Issues 2024 Outlook

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Thursday, February 15, 2024
Engineering, Total, Iridium Communications, Constellation, Share repurchase, Aviation, Mining, Transport, Internet of things, Term loan, Growth, Defense, Military personnel, Federation, Government, Life, Commercial, Operational definition, Health, Prevalence, Human, ARPU, GAAP, Department of Defence, Desch, Capital expenditure, Recreation, Support, Space Development Agency, Investment, Forestry, Depreciation, Video game

MCLEAN, Va., Feb. 15, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the fourth quarter and full-year 2023 and issued its full-year 2024 guidance.

Key Points: 
  • MCLEAN, Va., Feb. 15, 2024 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the fourth quarter and full-year 2023 and issued its full-year 2024 guidance.
  • The Company reported record total revenue in 2023 of $790.7 million, which was up 10% from the year-ago period.
  • In 2024, the Company expects Engineering and Support revenue to increase from 2023 with ongoing work on the Space Development Agency contract.
  • The Company issued its full-year 2024 outlook and updated long-term guidance on cash taxes:
    Total service revenue growth between 4% and 6% for full-year 2024.

Iridium Announces First Quarter 2023 Results

Retrieved on: 
Thursday, April 20, 2023
Maintenance, Capital expenditure, Defense, Iridium Communications, Engineering, 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, Desch, Mining, Depreciation, Growth, Federation, Commercial, Transport, Support, Department of Defence, Total, Video game, Mobile phone, Airline, Communications satellite, Beauty salon, Bank, Iridium

MCLEAN, Va., April 20, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the first quarter of 2023 and reiterated its full-year 2023 outlook.

Key Points: 
  • MCLEAN, Va., April 20, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the first quarter of 2023 and reiterated its full-year 2023 outlook.
  • "2023 is off to a strong start, as we continued to enjoy double-digit sales growth in our Commercial Business and saw another record quarter of equipment sales," said Matt Desch, CEO, Iridium.
  • In the first quarter, Iridium paid its inaugural dividend to common shareholders and repurchased more than $53 million of common stock.
  • Iridium's U.S. government business ended the quarter with 139,000 subscribers, which compares to 146,000 for the prior-year quarter and 139,000 for the quarter ended December 31, 2022.

Iridium Announces 2022 Results; Company Issues 2023 Outlook

Retrieved on: 
Thursday, February 16, 2023
Operational definition, Human, Qualcomm, Government, Department of Defence, Capital expenditure, Internet of things, Iridium Communications, Commercial, Investment, Transport, Space Development Agency, Maintenance, EBITDA, Capital, Desch, GAAP, Aviation, Engineering, Federation, Support, Total, Military personnel, Mining, Forestry, Starcom: The U.S. Space Force, Partnership, ARPU, Growth, Recreation, Share repurchase, Depreciation, Defense, Video game, Mobile phone, Cryptocurrency, Airline, Bank, Beauty salon, Iridium

MCLEAN, Va., Feb. 16, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the fourth quarter and full-year 2022 and issued its full-year 2023 guidance.

Key Points: 
  • MCLEAN, Va., Feb. 16, 2023 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the fourth quarter and full-year 2022 and issued its full-year 2023 guidance.
  • The Company reported record total revenue in 2022 of $721.0 million, which was up 17% from the year-ago period.
  • "2022 was another strong year for Iridium, driven by continued strong subscriber growth and revenue gains across all business lines," said Matt Desch, CEO, Iridium.
  • The Company issued its full-year 2023 outlook and updated other elements of long-term guidance:
    Total service revenue growth between 9% and 11% for full-year 2023.

IRIDIUM ANNOUNCES FIRST-QUARTER 2022 RESULTS

Retrieved on: 
Tuesday, April 19, 2022
Engineering, Capital expenditure, CEO, Board, Federation, Share repurchase, Government, GAAP, Department of Defence, Investor relations, Iridium Communications, Recreation, Total, Forestry, Operational definition, Transport, Aviation, Compliance, Board of directors, Military personnel, EBITDA, Starcom: The U.S. Space Force, Human, Department, Depreciation, ARPU, Growth, Technology, Contract, Company, Mining, Maintenance, Commercial, Desch, Investment, Income, IOT, Defense, Tele-Communications Inc., Time, Video game, Mobile phone, Communications satellite, Airline, Telecommunication, Bank, Iridium

MCLEAN, Va., April 19, 2022 /PRNewswire/ --Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the first quarter of 2022 and reiterated its full-year 2022 outlook.

Key Points: 
  • MCLEAN, Va., April 19, 2022 /PRNewswire/ --Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the first quarter of 2022 and reiterated its full-year 2022 outlook.
  • Iridium also provides maintenance and support work for the U.S. government's dedicated Iridium gateway under two other contracts with the U.S. Space Force.
  • On March7, 2022, Iridium announced that its Board of Directors had approved a new authorization for the repurchase of an additional $300 million of Iridium common stock through December 31, 2023.
  • The Company reiterated its full-year 2022 outlook:
    Total service revenue growth between 5% and 7% for full-year 2022.

Iridium Announces 2021 Results; Company Issues 2022 Outlook

Retrieved on: 
Thursday, February 17, 2022
Income, Aviation, Recreation, Human, Time, GAAP, Iridium satellite constellation, Iridium Communications, CEO, Government, Department, Federation, Contract, Public expenditure, Engineering, Transport, IOT, Commercial, EBITDA, Defense, Starcom: The U.S. Space Force, Compliance, Capital expenditure, Department of Defence, Insurance, ARPU, Forestry, Maintenance, Operational definition, Share repurchase, Into, Military personnel, Tele-Communications Inc., Depreciation, Mining, Growth, Total, Program, Desch, Face, Investor relations, Video game, Mobile phone, Airline, Telecommunication, Bank, Iridium, Company

MCLEAN, Va., Feb. 17, 2022 /PRNewswire/ --Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the fourth quarter and full-year 2021 and issued its full-year 2022 guidance.

Key Points: 
  • MCLEAN, Va., Feb. 17, 2022 /PRNewswire/ --Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the fourth quarter and full-year 2021 and issued its full-year 2022 guidance.
  • "Iridium had another strong year in 2021 on the back of the best subscriber growth in Company history," said Matt Desch, CEO, Iridium.
  • The company also expects higher levels of equipment sales in 2022 than in 2021, even as the parts availability issues are forecast to continue during the year.
  • The Company issued its full-year 2022 outlook and updated other elements of long-term guidance:
    Total service revenue growth between 5% and 7% for full-year 2022.

Iridium Announces Third-Quarter 2021 Results; Raises 2021 Outlook

Retrieved on: 
Tuesday, October 19, 2021
Depreciation, IOT, Federation, Defense, Mining, Government, GAAP, EBITDA, Desch, Military personnel, Capital expenditure, Income, Share repurchase, ARPU, Growth, Transport, Human, Investor relations, Department, Contract, Iridium Communications, Program, Recreation, Commercial, Department of Defence, Time, CEO, Adoption, Engineering, Total, Aviation, Forestry, Compliance, Operational definition, Loss, Maintenance, Company, Video game, Mobile phone, Communications satellite, Airline, Telecommunication, Bank, Semiconductor, Air cargo

MCLEAN, Va., Oct. 19, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the third quarter of 2021 and updated its full-year 2021 outlook.

Key Points: 
  • MCLEAN, Va., Oct. 19, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the third quarter of 2021 and updated its full-year 2021 outlook.
  • Together, these factors provide Iridium a clear runway for long-term growth," said Matt Desch, CEO, Iridium.
  • Commenting on its full-year outlook, Desch added, "In light of strong underlying demand and continued subscriber momentum, Iridium is raising its full-year guidance for 2021.
  • Full-year 2021 OEBITDA of approximately $375 million (previous outlook was for OEBITDA of between $365 million and $375 million).

Iridium Announces Third-Quarter 2020 Results; Improves 2020 Outlook

Retrieved on: 
Tuesday, October 20, 2020
Satellite telephony, Telecommunications, Physical sciences, Chemistry, Satellite Internet access, Iridium Communications, Iridium satellite constellation, Iridium, Desch

MCLEAN, Va., Oct. 20, 2020 /PRNewswire/ --Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the third quarter of 2020 and updated its full-year 2020 outlook.

Key Points: 
  • MCLEAN, Va., Oct. 20, 2020 /PRNewswire/ --Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the third quarter of 2020 and updated its full-year 2020 outlook.
  • Service revenue, which represents primarily recurring revenue from Iridium's growing subscriber base, was 77% of total revenue for the third quarter of 2020.
  • Desch continued, "Iridium delivered a record 67,000 net subscriber additions during the quarter, which drove sequential growth in commercial services.
  • Commenting on the full-year outlook, Desch added, "In light of continued momentum, Iridium is raising its full-year guidance for 2020.

Unisys Names Matthew J. Desch to Board of Directors

Retrieved on: 
Wednesday, December 19, 2018
Peter Altabef, Unisys, UIS, Desch, Science and technology in the United States, Economy of the United States, Technology

BLUE BELL, Pa., Dec. 19, 2018 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) today announced that Matthew J. Desch has been elected to the Unisys board of directors, effective January 1, 2019.

Key Points: 
  • BLUE BELL, Pa., Dec. 19, 2018 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) today announced that Matthew J. Desch has been elected to the Unisys board of directors, effective January 1, 2019.
  • Desch brings to Unisys extensive experience in government and in travel and transportation, which are core focus industries for Unisys.
  • "It is an honor to join the Unisys board," said Desch.
  • Desch serves on the President's National Security Telecommunications Advisory Committee (NSTAC) along with Unisys Chairman and CEO Peter Altabef.