Iridium Communications Q1 Earnings, Revenue Rise; Maintains 2025 Guidance

MT Newswires Live04-22

Iridium Communications (IRDM) reported Q1 earnings Tuesday of $0.27 per diluted share, up from $0.16 a year earlier.

Analysts surveyed by FactSet expected $0.22.

Revenue for the quarter ended March 31 was $214.9 million, up from $203.9 million a year earlier.

Analysts surveyed by FactSet expected $210.8 million.

The voice and data satellite communications company said it continues to expect 2025 total service revenue growth of 5% to 7%.

Shares of Iridium Communications were up 3% in recent premarket activity.

Price: 23.88, Change: +0.68, Percent Change: +2.93

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