Loading...
•
Dec 31, 2019
Iridium Q4 2019 Earnings Report
Iridium's Q4 2019 results were announced, showcasing revenue growth and subscriber increases.
Key Takeaways
Iridium Communications Inc. reported a 5% increase in total revenue for Q4 2019, reaching $138.9 million. Service revenue grew by 6% to $113.6 million, driven by growth in commercial IoT and government business. The company ended the quarter with 1,300,000 total billable subscribers, a 16% year-over-year increase.
Total revenue increased by 5% year-over-year, reaching $138.9 million.
Service revenue grew by 6% year-over-year, totaling $113.6 million.
Commercial IoT data subscribers increased by 24% year-over-year.
The company ended the quarter with 1,300,000 total billable subscribers, a 16% year-over-year increase.
Revenue by Segment
Forward Guidance
Iridium anticipates continued growth in service revenue and OEBITDA for the full year 2020.
Positive Outlook
- Total service revenue growth between 6% and 8% for full-year 2020.
- Full-year 2020 OEBITDA between $355 million and $365 million.
- Negligible cash taxes in 2020.
- Cash taxes are expected to be negligible through approximately 2023.
- Net leverage of approximately 4.0 times OEBITDA at the end of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...