Iridium Communications (IRDM) Reports In-Line Q3 EPS; Expects FY EBITDA $375M

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Go back to Iridium Communications (IRDM) Reports In-Line Q3 EPS; Expects FY EBITDA $375M

Iridium Announces Third-Quarter 2021 Results; Raises 2021 Outlook

October 19, 2021 7:01 AM EDT

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. Net loss was $2.1 million, or $0.02 per diluted share, for the third quarter of 2021, as compared to net loss of $4.0 million, or $0.03 per diluted share, for the third quarter of 2020. This decrease in net loss was primarily the result of operating profit improvements and lower net interest expenses. Operational EBITDA ("OEBITDA")(1) for the third quarter was a record breaking $100.2 million, as compared to $93.4 million for the prior-year... More