Iridium Communications (IRDM) Tops Q1 EPS by 1c; Provides FY21 Revenue Growth Outlook

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Iridium Announces First-Quarter 2021 Results

April 20, 2021 7:01 AM EDT

MCLEAN, Va., April 20, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the first quarter of 2021 and reiterated its full-year 2021 outlook. Net loss was $5.2 million, or $0.04 per diluted share, for the first quarter of 2021, as compared to net loss of $31.7 million, or $0.24 per diluted share, for the first quarter of 2020. This decrease in net loss was primarily the result of the absence of debt extinguishment costs, which were incurred in the year ago period with Iridium's refinancing of its senior unsecured notes. Operational EBITDA ("OEBITDA")(1) for the... More