Iridium Communications (IRDM) Tops Q4 EPS by 28c

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Iridium Announces 2023 Results; Company Issues 2024 Outlook

February 15, 2024 7:01 AM EST

Extends estimate of useful life of satellites by five years

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. Net income was $38.0 million, or $0.30 per diluted share, for the fourth quarter of 2023, as compared to net loss of $0.8... More