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Iridium Communications (IRDM)

(Real Time Quote from BATS)

$27.49 USD

27.49
232,279

+0.92 (3.46%)

Updated Aug 15, 2024 12:32 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.03%
2Buy17.70%
3Hold9.37%
4Sell5.03%
5Strong Sell2.48%
S&P50011.19%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value B Growth A Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 23% (194 out of 251)

Industry: Satellite and Communication

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Balance Sheet

Research for IRDM

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Iridium Communications Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 72 169 321 245 224
Receivables 92 82 63 61 69
Notes Receivable 0 0 0 0 0
Inventories 91 40 29 32 40
Other Current Assets 16 15 11 9 11
Total Current Assets 271 306 424 348 343
Net Property & Equipment 2,196 2,433 2,662 2,917 3,181
Investments & Advances 67 50 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 41 43 44 46 47
Deposits & Other Assets 87 122 50 51 53
Total Assets 2,662 2,954 3,181 3,361 3,624
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 29 21 16 14 7
Current Portion Long-Term Debt 15 17 17 17 11
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 55 68 48 50 57
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 33 36 28 32 39
Total Current Liabilities 132 142 109 113 114
Mortgages 0 0 0 0 0
Deferred Taxes/Income 159 197 182 206 256
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,467 1,471 1,582 1,597 1,766
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 16 16 20 25 29
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,774 1,825 1,893 1,942 2,164
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,089 1,125 1,154 1,161 1,134
Retained Earnings -235 -48 141 276 332
Other Equity 34 52 -7 -17 -7
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 888 1,129 1,288 1,419 1,459
Total Liabilities & Shareholder's Equity 2,662 2,954 3,181 3,361 3,624
Total Common Equity 888 1,129 1,288 1,419 1,459
Shares Outstanding 123.80 125.60 132.20 133.30 131.00
Book Value Per Share 7.17 8.99 9.74 10.65 11.14

Fiscal Year End for Iridium Communications Inc falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents 64 174 72 68 103
Receivables 96 93 92 101 92
Notes Receivable 0 0 0 0 0
Inventories 86 93 91 71 56
Other Current Assets 19 17 16 13 17
Total Current Assets 264 377 271 253 269
Net Property & Equipment 2,127 2,158 2,196 2,229 2,291
Investments & Advances 44 66 67 69 70
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 196 41 41 41 42
Deposits & Other Assets 87 94 87 113 109
Total Assets 2,718 2,736 2,662 2,706 2,780
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable 0 0 0 0 0
Accounts Payable 15 23 29 14 25
Current Portion Long-Term Debt 16 16 15 11 17
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 45 43 55 59 49
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 42 31 33 34 34
Total Current Liabilities 118 113 132 119 124
Mortgages 0 0 0 0 0
Deferred Taxes/Income 163 166 159 174 177
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,635 1,588 1,467 1,471 1,465
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 16 16 17 15
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,931 1,882 1,774 1,781 1,780
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,044 1,070 1,089 1,105 1,119
Retained Earnings -292 -256 -235 -234 -170
Other Equity 35 40 34 53 52
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 787 854 888 925 1,000
Total Liabilities & Shareholder's Equity 2,718 2,736 2,662 2,706 2,780
Total Common Equity 787 854 888 925 1,000
Shares Outstanding 118.30 121.40 123.80 123.80 125.00
Book Value Per Share 6.65 7.03 7.17 7.47 8.00