1. The overview of “Iridium Communications Inc.”
2. The detailed data of “Iridium Communications Inc.”
3. The map of “Iridium Communications Inc.”
4. The stock weekly chart of “Iridium Communications Inc.”
5. The stock weekly trading radar of “Iridium Communications Inc.”
6. The annual filings of “Iridium Communications Inc.”
7. The stock price of “Iridium Communications Inc.”
* Last update: February 6, 2022
The overview of “Iridium Communications Inc.”
“Iridium Communications Inc.” is a company headquartered in the U.S. operating satellite telecommunication-equipment such as satellite phones voice and data communication services etc in worldwide via a system of approx 66 active satellites in a space. The logo of the company represents the “Big Dipper” and the chemical element “Iridium” is the origin of the company’s name, but “Iridium Satellite LLC“, the predecessor company went into bankruptcy within a year (August 13, 1999) after the company’s service was launched on November 1, 1998.
After that, “Iridium Communications Inc.” was established in 2001 again with the support of a group of private investors. Also, the comapny merged with a special purpose acquisition company (SPAC) created by the investment bank “Greenhill & Co.” in September 2009, and was listed on the NASDAQ market in the United States. By the way, the company’s stock is also a component of the Procure Space ETF (NASDAQ:UFO), an ETF for space stocks.
In recent years, “Iridium Communications Inc.” changed all systems of approx 66 active satellites in a space in 2018, and they manage their services as “Iridium NEXT“.
The detailed data of “Iridium Communications Inc.”
●Established date： 2001
●Location： 1750 Tysons Blvd. Suite 1400, McLean, VA 22102, United States
●Stock Exchange： NASDAQ（IRDM）
●Listing date： September 2009
●Business details： Space, Communication satellite, Communication product（Space technology）
●Official website： https://www.iridium.com/
The map of “Iridium Communications Inc.”
The stock weekly chart of “Iridium Communications Inc.”
The stock weekly trading radar of “Iridium Communications Inc.”
The annual filings of “Iridium Communications Inc.”
* Date: Feb 25, 2020
* Date: Feb 28, 2019
* In thousands, except per share data
|Cutoff date||December 31, 2020||December 31, 2019||December 31, 2018||December 31, 2017|
|Net income attributable||(56,054)||(166,193)||(23,533)||218,420|
|Total current assets||347,821||342,935||390,384||411,072|
|Total current liabilities||113,072||113,751||262,719||214,226|
(1.2 or more is the best)
|Common stock and additional paid-in capital||1,160,704||1,134,180||1,108,662||1,081,471|
|Retained earning, Accumulated deficit||275,915||331,969||501,712||518,794|
|Total stockholders' equity||1,419,439||1,459,282||1,601,577||1,596,469|
|Total equity and liabilities||3,360,949||3,623,557||4,014,271||3,782,051|
(20% or more is better)
(50% or more is the best)
|Cash flows from operating activities||249,767||198,143||263,709||259,621|
|Cash flows from investing activities||(46,470)||(127,819)||(378,912)||(372,680)|
|Cash flows from financing activities||(188,186)||(313,280)||193,503||16,866|
|Free cash flow||203,297||70,324||(115,203)||(113,059)|
The stock price of “Iridium Communications Inc.”
Net income is still negative, but has improved extremely in 2020.
Also, Retained earning decreased a little for two straight years, but Free cash flow increased three times as much as 2019.
In addition to this, it's good situation because Equity ratio expanded for two straight years too.
However, whereas Total stockholders' equity reduced for two straight years.
The stock price might grow a little or maintain the same level in 2021.
Particularly, if Net income changes to positive, it's likely to grow steadily after that.
The liabilities of Net income expanded and Retained earning decreased a little.
The company purchased Common stock, but Total equity and liabilities and stockholders' equity reduced.
However, Equity ratio increased and Free cash flow turned positive.
We hope that the company makes Net income and is expanded Free cash flow in 2020 in order to raise the stock price.
The liabilities of Net income expanded and turned negative.
Also, Current ratio went down a little.
In addition, Free cash flow and Equity ratio went down a little.
However, it doesn't have a matter.
That's why, the stock price in 2019 might stagnate a little.
|Entity min stock price in monthly chart||N/A||approx 37.9 (May)||approx 21.40 (Apr)||approx 18.18 (Jan)||approx 11.26 (Mar)|
|Entity max stock price in monthly chart||N/A||approx 51.40 (Feb)||approx 39.33 (Dec)||approx 27.45 (Apr)||approx 24.11 (Dec)|
|Stock price increase ratio|
(50% or more is the best)