⬇ $Iridium Communications(IRDM)$ - Q1 results included news of entering into a two-year agreement with an IOT partner that helps establish clarity for both parties. We are doubtful IRDM is the sole beneficiary of such an arrangement Continue reading on Smartkarma:- https://www.smartkarma.com/insights/irdm-positioning-for-the-next-catalyst?utm_source=tiger_community By Hamed Khorsand, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/hamed-khorsand?utm_source=tiger_community On Iridium Communications (IRDM):- https://www.smartkarma.com/entities/iridium-communications-inc?utm_source=tiger_community
⬆ $Iridium Communications(IRDM)$ - 2024 Guidance: Unchanged (But It Usually Doesn’t Update in Short Window Between Providing with 4Q and 1Q Results)Operational EBITDA (OEBITDA):... Continue reading on Smartkarma:- https://www.smartkarma.com/insights/beat-1q24-2024-guidance-unchanged?utm_source=tiger_community By CGS CIMB Research, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/cgs-cimb-research?utm_source=tiger_community On Iridium Communications (IRDM):- https://www.smartkarma.com/entities/iridium-communications-inc?utm_source=tiger_community
⬇ $Iridium Communications(IRDM)$ - IRDM has changed its accounting for useful life of its satellite network. Additionally, IRDM has competition from Starlink for a portion of commercial customers. Continue reading on Smartkarma:- https://www.smartkarma.com/insights/irdm-accounting-and-competition-downgrading?utm_source=tiger_community By Hamed Khorsand, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/hamed-khorsand?utm_source=tiger_community On Iridium Communications (IRDM):- https://www.smartkarma.com/entities/iridium-communications-inc?utm_source=tiger_community
⬆ $Iridium Communications(IRDM)$ - The market was already pricing IRDM without the QCOM relationship after IRDM's third quarter earnings call, so we do not think this is much of a surprise Continue reading on Smartkarma:- https://www.smartkarma.com/insights/irdm-qcom-partnership-terminated?utm_source=tiger_community By Hamed Khorsand, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/hamed-khorsand?utm_source=tiger_community On Iridium Communications (IRDM):- https://www.smartkarma.com/entities/iridium-communications-inc?utm_source=tiger_community
⬆ $Iridium Communications(IRDM)$ - IRDM's management downplayed the timing of when IRDM would generate royalties from its partnership with QCOM leading to the stock to remove the advance it had made since the summer of 2022 Continue reading on Smartkarma:- https://www.smartkarma.com/insights/irdm-valuation-reset-cash-flow-rising?utm_source=tiger_community By Hamed Khorsand, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/hamed-khorsand?utm_source=tiger_community On Iridium Communications (IRDM):- https://www.smartkarma.com/entities/iridium-communications-inc?utm_source=tiger_community
⬆ $Iridium Communications(IRDM)$ - IRDM hosted an investor day to highlight the importance of the US Government business. IRDM did mention the upcoming release of direct to device, but without providing many details Continue reading on Smartkarma:- https://www.smartkarma.com/insights/irdm-highlights-from-investor-day?utm_source=tiger_community By Hamed Khorsand, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/hamed-khorsand?utm_source=tiger_community On Iridium Communications (IRDM):- https://www.smartkarma.com/entities/iridium-communications-inc?utm_source=tiger_community
⬆ $Iridium Communications(IRDM)$ - Service revenue continues to perform towards the higher end of expectations. The volatility associated with equipment revenue created a drag in the quarter due to the degree of decline from Q1 Continue reading on Smartkarma:- https://www.smartkarma.com/insights/irdm-orbiting-like-usual?utm_source=tiger_community By Hamed Khorsand, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/hamed-khorsand?utm_source=tiger_community On Iridium Communications (IRDM):- https://www.smartkarma.com/entities/iridium-communications-inc?utm_source=tiger_community
⬆ $Iridium Communications(IRDM)$ - Subscriber count continues to increase as customers purchase devices with IRDM's satellite connectivity. The QCOM partnership should lead to commercially available smartphones in 2023 Continue reading on Smartkarma:- https://www.smartkarma.com/insights/irdm-compounding-free-cash-flow?utm_source=tiger_community By Hamed Khorsand, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/hamed-khorsand?utm_source=tiger_community On Iridium Communications (IRDM):- https://www.smartkarma.com/entities/iridium-communications-inc?utm_source=tiger_community