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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.28
IRDM's Cash to Debt is ranked lower than
60% of the 485 Companies
in the Global Telecom Services industry.

( Industry Median: 0.48 vs. IRDM: 0.28 )
Ranked among companies with meaningful Cash to Debt only.
IRDM' s Cash to Debt Range Over the Past 10 Years
Min: 0.24  Med: 9999.00 Max: No Debt
Current: 0.28
Equity to Asset 0.40
IRDM's Equity to Asset is ranked higher than
50% of the 476 Companies
in the Global Telecom Services industry.

( Industry Median: 0.40 vs. IRDM: 0.40 )
Ranked among companies with meaningful Equity to Asset only.
IRDM' s Equity to Asset Range Over the Past 10 Years
Min: 0.38  Med: 0.46 Max: 0.77
Current: 0.4
0.38
0.77
Interest Coverage 35.25
IRDM's Interest Coverage is ranked higher than
74% of the 353 Companies
in the Global Telecom Services industry.

( Industry Median: 6.60 vs. IRDM: 35.25 )
Ranked among companies with meaningful Interest Coverage only.
IRDM' s Interest Coverage Range Over the Past 10 Years
Min: 14.26  Med: 5010.72 Max: 9999.99
Current: 35.25
14.26
9999.99
F-Score: 6
Z-Score: 0.72
M-Score: -2.93
WACC vs ROIC
6.37%
0.68%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 19.97
IRDM's Operating margin (%) is ranked higher than
84% of the 479 Companies
in the Global Telecom Services industry.

( Industry Median: 7.24 vs. IRDM: 19.97 )
Ranked among companies with meaningful Operating margin (%) only.
IRDM' s Operating margin (%) Range Over the Past 10 Years
Min: -16.2  Med: 20.04 Max: 30.08
Current: 19.97
-16.2
30.08
Net-margin (%) 3.49
IRDM's Net-margin (%) is ranked higher than
50% of the 481 Companies
in the Global Telecom Services industry.

( Industry Median: 3.66 vs. IRDM: 3.49 )
Ranked among companies with meaningful Net-margin (%) only.
IRDM' s Net-margin (%) Range Over the Past 10 Years
Min: -58.11  Med: 10.33 Max: 18.35
Current: 3.49
-58.11
18.35
ROE (%) -0.06
IRDM's ROE (%) is ranked lower than
67% of the 462 Companies
in the Global Telecom Services industry.

( Industry Median: 6.58 vs. IRDM: -0.06 )
Ranked among companies with meaningful ROE (%) only.
IRDM' s ROE (%) Range Over the Past 10 Years
Min: -19.05  Med: 3.54 Max: 7.97
Current: -0.06
-19.05
7.97
ROA (%) 0.47
IRDM's ROA (%) is ranked lower than
62% of the 491 Companies
in the Global Telecom Services industry.

( Industry Median: 2.39 vs. IRDM: 0.47 )
Ranked among companies with meaningful ROA (%) only.
IRDM' s ROA (%) Range Over the Past 10 Years
Min: -7.18  Med: 2.42 Max: 3.93
Current: 0.47
-7.18
3.93
ROC (Joel Greenblatt) (%) 3.75
IRDM's ROC (Joel Greenblatt) (%) is ranked lower than
68% of the 486 Companies
in the Global Telecom Services industry.

( Industry Median: 12.73 vs. IRDM: 3.75 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
IRDM' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -22.47  Med: 7.72 Max: 10.93
Current: 3.75
-22.47
10.93
Revenue Growth (3Y)(%) -4.10
IRDM's Revenue Growth (3Y)(%) is ranked lower than
67% of the 424 Companies
in the Global Telecom Services industry.

( Industry Median: 2.10 vs. IRDM: -4.10 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
IRDM' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -7.35 Max: 51.6
Current: -4.1
0
51.6
EBITDA Growth (3Y)(%) -17.30
IRDM's EBITDA Growth (3Y)(%) is ranked lower than
86% of the 359 Companies
in the Global Telecom Services industry.

( Industry Median: 1.80 vs. IRDM: -17.30 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
IRDM' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 0  Med: -9.00 Max: 223.7
Current: -17.3
0
223.7
» IRDM's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q2 2015

IRDM Guru Trades in Q2 2015

Mario Gabelli 95,200 sh (+17.53%)
Ron Baron 9,113,171 sh (unchged)
Jim Simons Sold Out
Paul Tudor Jones Sold Out
Chuck Royce 2,492,589 sh (-14.84%)
» More
Q3 2015

IRDM Guru Trades in Q3 2015

Paul Tudor Jones 28,600 sh (New)
Jim Simons 178,399 sh (New)
Mario Gabelli 98,200 sh (+3.15%)
Ron Baron 9,060,071 sh (-0.58%)
Chuck Royce 2,266,889 sh (-9.05%)
» More
Q4 2015

IRDM Guru Trades in Q4 2015

Mario Gabelli 98,800 sh (+0.61%)
Jim Simons Sold Out
Paul Tudor Jones Sold Out
Ron Baron 9,045,571 sh (-0.16%)
Chuck Royce 2,172,733 sh (-4.15%)
» More
Q1 2016

IRDM Guru Trades in Q1 2016

David Dreman 318 sh (New)
Ron Baron 9,045,571 sh (unchged)
Mario Gabelli 98,393 sh (-0.41%)
Chuck Royce 1,900,218 sh (-12.54%)
» More
» Details

Insider Trades

Latest Guru Trades with IRDM

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Preferred stocks of Iridium Communications Inc

SymbolPriceYieldDescription
IRIIZ0.000.00Perp Conv Pfd Shs Series -A- -144A-
IRDMB314.965.366 3/4 % Cum Conv Perp Pfd Shs Series -B-
IRDDA105.506.647 % Cum Conv Pfd Shs Series -A-

Business Description

Industry: Communication Services » Telecom Services
Compare:OTCPK:RNRTY, NAS:WIN, NAS:GOGO, OTCPK:SPMYY, NAS:ORBC, OTCPK:JASMY, NYSE:CBB, NAS:ELNK, NAS:BCOM, NYSE:PGI, OTCPK:ASEJF, OTCPK:AXTLF, NAS:PTNR, NAS:IQNT, NYSE:GTT, NYSE:CEL, NAS:MESG, NAS:GNCMA, OTCPK:CHRYY, AMEX:GSAT » details
Traded in other countries:6IC.Germany,
Iridium Communications Inc offers voice and data communications services and products to businesses, U.S. and international government agencies and other customer. It provides mobile voice & data communications services via satellites.

Iridium Communications Inc., formerly GHL Acquisition Corp., was organized under the laws of the State of Delaware on November 2, 2007. On February 21, 2008, it consummated its initial public offering and on September 29, 2009, it acquired, directly and indirectly, all the outstanding equity of Iridium Holdings LLC, or Iridium Holdings, and the Company changed its name from GHL Acquisition Corp. to Iridium Communications Inc. The Company is a provider of mobile voice and data communications services via satellite, and the provider of mobile satellite communications services offering global coverage. The Company's satellite network provides communications services to regions of the world where existing wireless or wireline networks do not exist or are impaired, including remote or rural land areas, open ocean, the polar regions and regions where the telecommunications infrastructure has been affected by political conflicts or natural disasters. The Company offers voice and data communications services to businesses, the U.S. and foreign governments, non-governmental organizations and consumers via its constellation of 66 in-orbit satellites, in-orbit spares and related ground infrastructure, including a main commercial gateway. The Company's commercial end-user base, which it views as its main growth engine, is diverse and includes markets such as emergency services, maritime, government, utilities, oil and gas, mining, leisure, forestry, construction and transportation. It also offers a combined voice transceiver and data modem, which its distributors integrate into a variety of communications solutions that are deployed in different applications around the world. It currently faces substantial competition from other service providers that offer a range of mobile and fixed communications options. The Company's most direct competition comes from other global mobile satellite services providers. Currently, its main global mobile satellite services competitors are Inmarsat, Globalstar, Thuraya Telecommunications Co., or Thuraya, and ORBCOMM. The Company competes mainly on the basis of coverage, quality, mobility and pricing of services and products.

Guru Investment Theses on Iridium Communications Inc

Ron Baron Comments on Iridium Communications Inc - Jul 28, 2014

Iridium (IRDM), a satellite enabled voice and data communications company, had declined from over $9 per share in 2013 to $6.10 this year when we invested in that business. Iridium provides unique and valuable communications services to the Department of Defense. It also enables machine to machine communications (The Internet of Things) as well as enabling flight safety improvements and improved airline economics.



Iridium Communications Inc. operates a group of satellites used for worldwide voice and data communication from hand-held satellite phones and other transceiver units. The stock rose significantly in the second quarter, driven by increasing investor confidence in its growth prospects. We participated in a capital raise by Iridium, purchasing its convertible preferred stock. Iridium used its proceeds to fund the build of an advanced satellite constellation. We believe this will be a unique asset with significant growth opportunities around M2M (machine to machine) and flight safety and control (Aireon). Its Department of Defense businesses will continue to provide significant cash flow. (Gilad Shany)



Iridium Communications Inc. provides mobile voice and data communication services using a constellation of low-earth orbiting (LEO) satellites. Due to its unique architecture, IRDM’s constellation is the only network with full coverage across the globe (including polar regions, open ocean and other remote locations). Over the next three years, IRDM will deploy its next generation constellation which will allow it to add significant capabilities and accelerate growth in new markets (M2M or machine-to machine, aviation, maritime and more).We believe one of these initiatives (Aireon) has the potential to save billions of dollars through commercial aviation route optimization and improve its real time coverage. In today’s “always on, always connected” world, the need for connectivity is ever growing. IRDM’s current business (government and commercial) is contracted and recurring. Complementing this with growth opportunities, we believe, will allow IRDM to expand margins, improve its returns on investments and optimize its capital structure and returns to shareholders. (Gilad Shany)



From Ron Baron (Trades, Portfolio)’s Baron Funds Second Quarter 2014 Report.



Check out Ron Baron latest stock trades

Baron Funds Comments on Iridium Communications Inc - Jul 22, 2014

For example, we invested in Iridium Communications Inc. (IRDM), which operates satellites used for voice and data communication via handheld satellite phones and other transceivers. Iridium is developing the world’s first satellite-based global air traffic surveillance system, which we think has the potential for transformational improvements in flight safety, control and efficiencies. As of June 30, 2014, the stock was up nearly 40% since our initial investment in early May 2014.



From Baron Funds' Second Quarter 2014 Shareholder Letter.



Check out Ron Baron latest stock trades

Ratios

vs
industry
vs
history
P/B 0.64
IRDM's P/B is ranked higher than
91% of the 451 Companies
in the Global Telecom Services industry.

( Industry Median: 2.11 vs. IRDM: 0.64 )
Ranked among companies with meaningful P/B only.
IRDM' s P/B Range Over the Past 10 Years
Min: 0.45  Med: 0.72 Max: 1.19
Current: 0.64
0.45
1.19
P/S 2.27
IRDM's P/S is ranked lower than
70% of the 470 Companies
in the Global Telecom Services industry.

( Industry Median: 1.38 vs. IRDM: 2.27 )
Ranked among companies with meaningful P/S only.
IRDM' s P/S Range Over the Past 10 Years
Min: 1.08  Med: 1.77 Max: 6.06
Current: 2.27
1.08
6.06
POCF 4.46
IRDM's POCF is ranked higher than
70% of the 319 Companies
in the Global Telecom Services industry.

( Industry Median: 6.51 vs. IRDM: 4.46 )
Ranked among companies with meaningful POCF only.
IRDM' s POCF Range Over the Past 10 Years
Min: 2.27  Med: 3.70 Max: 21.38
Current: 4.46
2.27
21.38
EV-to-EBIT 21.65
IRDM's EV-to-EBIT is ranked lower than
65% of the 354 Companies
in the Global Telecom Services industry.

( Industry Median: 15.44 vs. IRDM: 21.65 )
Ranked among companies with meaningful EV-to-EBIT only.
IRDM' s EV-to-EBIT Range Over the Past 10 Years
Min: -60.8  Med: 11.00 Max: 38.4
Current: 21.65
-60.8
38.4
EV-to-EBITDA 13.51
IRDM's EV-to-EBITDA is ranked lower than
74% of the 394 Companies
in the Global Telecom Services industry.

( Industry Median: 8.08 vs. IRDM: 13.51 )
Ranked among companies with meaningful EV-to-EBITDA only.
IRDM' s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.3  Med: 6.80 Max: 34
Current: 13.51
1.3
34
Current Ratio 6.21
IRDM's Current Ratio is ranked higher than
96% of the 464 Companies
in the Global Telecom Services industry.

( Industry Median: 1.16 vs. IRDM: 6.21 )
Ranked among companies with meaningful Current Ratio only.
IRDM' s Current Ratio Range Over the Past 10 Years
Min: 0.01  Med: 2.73 Max: 6.21
Current: 6.21
0.01
6.21
Quick Ratio 5.90
IRDM's Quick Ratio is ranked higher than
96% of the 464 Companies
in the Global Telecom Services industry.

( Industry Median: 1.03 vs. IRDM: 5.90 )
Ranked among companies with meaningful Quick Ratio only.
IRDM' s Quick Ratio Range Over the Past 10 Years
Min: 0.01  Med: 2.44 Max: 5.9
Current: 5.9
0.01
5.9
Days Inventory 102.69
IRDM's Days Inventory is ranked lower than
92% of the 360 Companies
in the Global Telecom Services industry.

( Industry Median: 16.56 vs. IRDM: 102.69 )
Ranked among companies with meaningful Days Inventory only.
IRDM' s Days Inventory Range Over the Past 10 Years
Min: 46.22  Med: 90.68 Max: 124.45
Current: 102.69
46.22
124.45
Days Sales Outstanding 46.46
IRDM's Days Sales Outstanding is ranked higher than
50% of the 380 Companies
in the Global Telecom Services industry.

( Industry Median: 46.51 vs. IRDM: 46.46 )
Ranked among companies with meaningful Days Sales Outstanding only.
IRDM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.27  Med: 52.71 Max: 197.84
Current: 46.46
45.27
197.84
Days Payable 30.21
IRDM's Days Payable is ranked lower than
79% of the 326 Companies
in the Global Telecom Services industry.

( Industry Median: 62.66 vs. IRDM: 30.21 )
Ranked among companies with meaningful Days Payable only.
IRDM' s Days Payable Range Over the Past 10 Years
Min: 42.37  Med: 72.29 Max: 113.8
Current: 30.21
42.37
113.8

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.66
IRDM's Price/Tangible Book is ranked higher than
90% of the 334 Companies
in the Global Telecom Services industry.

( Industry Median: 2.57 vs. IRDM: 0.66 )
Ranked among companies with meaningful Price/Tangible Book only.
IRDM' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.5  Med: 1.06 Max: 1.72
Current: 0.66
0.5
1.72
Price/Median PS Value 1.29
IRDM's Price/Median PS Value is ranked lower than
76% of the 432 Companies
in the Global Telecom Services industry.

( Industry Median: 0.96 vs. IRDM: 1.29 )
Ranked among companies with meaningful Price/Median PS Value only.
IRDM' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.68  Med: 0.97 Max: 3.22
Current: 1.29
0.68
3.22
Earnings Yield (Greenblatt) (%) 4.61
IRDM's Earnings Yield (Greenblatt) (%) is ranked higher than
51% of the 479 Companies
in the Global Telecom Services industry.

( Industry Median: 4.30 vs. IRDM: 4.61 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
IRDM' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 2.6  Med: 8.85 Max: 37.9
Current: 4.61
2.6
37.9
Forward Rate of Return (Yacktman) (%) -42.04
IRDM's Forward Rate of Return (Yacktman) (%) is ranked lower than
98% of the 242 Companies
in the Global Telecom Services industry.

( Industry Median: 8.12 vs. IRDM: -42.04 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
IRDM' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -47  Med: -22.80 Max: 22
Current: -42.04
-47
22

More Statistics

Revenue (TTM) (Mil) $418.6
EPS (TTM) $ -0.09
Beta2.10
Short Percentage of Float25.58%
52-Week Range $5.85 - 9.75
Shares Outstanding (Mil)95.52
» More Articles for IRDM

Headlines

Articles On GuruFocus.com
A Look at Spektra Fund – One of the World’s Top Performing Hedge Funds Mar 04 2015 
Ron Baron Comments on Iridium Communications Inc Jul 28 2014 
Baron Funds Comments on Iridium Communications Inc Jul 22 2014 
Weekly 3-Year Low Highlight: EW, NUAN, MNK, CROX, IRDM Nov 03 2013 
CEO of Iridium Communications Inc. Matthew J. Desch Bought 15,000 Shares Aug 07 2013 
Whitney Tilson Keeps Up with Iridium Jan 07 2013 
Weekly CFO Buys Highlight: PTSX, MTG, IRDM, SQNM, FNFG, LF Aug 13 2012 
"Powerball" Ideas - $IRDM + $IRDMZ warrants Feb 02 2012 
T2 Partners Annual Letter - Discussion of Each of His 15 Long Positions Jan 10 2012 
Whitney Tilson Top Buys Nov 15 2011 

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