Iridium Communications (IRDM) Reports In-Line Q3 EPS; Expects FY EBITDA $375M
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Iridium Announces Third-Quarter 2021 Results; Raises 2021 Outlook
October 19, 2021 7:01 AM EDTMCLEAN, 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
