Iridium Communications Inc. has recently released its 10-Q report, detailing its business operations and financial performance for the period. The company provides mobile voice and data communications services and products to businesses, governments, non-governmental organizations, and consumers globally, with a focus on satellite-based IoT services, hosted payload and other data services, and engineering services. It also offers a range of satellite handsets, voice and data modems, broadband data devices, and IoT data devices, along with various accessories.
The 10-Q report discusses the company's management's discussion and analysis of its financial condition and results of operations, highlighting the risks and uncertainties it faces in its operations. It also provides an overview of the company's business, emphasizing its unique position as the only commercial provider of communications services offering true global coverage through its low-earth orbit, L-band satellite network.
In the second quarter of 2024, Iridium Communications Inc. acquired Satelles, Inc., a provider of highly secure, satellite-based position, navigation, and timing (PNT) services, which is expected to contribute to substantial growth in the company's service revenue and equipment and engineering services revenue from both government and commercial customers.
As of June 30, 2025, the company had approximately 2,483,000 billable subscribers worldwide, representing a 3% increase from the previous year. Iridium Communications Inc. sells its products and services through a wholesale distribution network, including service providers, value-added resellers, and manufacturers.
The report also provides a detailed comparison of the company's results of operations for the three months ended June 30, 2025, and 2024. It outlines the revenue breakdown, including commercial service revenue, government service revenue, subscriber equipment revenue, and engineering and support service revenue. Additionally, it discusses the changes in operating expenses, including cost of services, research and development expenses, and selling, general, and administrative expenses.
The market has reacted to these announcements by moving the company's shares 1.73% to a price of $32.43. If you want to know more, read the company's complete 10-Q report here.
