Categories Earnings, Technology

Iridium Communications (NASDAQ: IRDM): Q4 2019 Earnings Snapshot

— Iridium Communications (NASDAQ: IRDM) reported fourth quarter 2019 loss of $0.82 per share versus a loss of $0.22 per share expected.

— Revenue grew 5% to $138.9 million versus $138.76 million expected.

Earnings Update by AlphaStreet

— Total billable subscribers grew 16% year-over-year to 1.3 million.

— Commercial voice and data subscribers were up 1% from the year-ago period to 363,000 subscribers.

— Commercial business ended the quarter with 1.165 million billable subscribers compared to 1.008 million in the prior-year quarter.

— Total service revenue increased 10%, while equipment revenue declined 15%.

— For fiscal 2020, total service revenue is expected to be grow in the range of 6% to 8%.

— IRDM stock ended down 4.74% at $28.77 yesterday.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Also Read:  GameStop (GME) plunges as Q2 results fell short of targets

Most Popular

COVID-19 drove retailers up the digital path years ahead than anticipated

Earlier we looked into how, during the COVID-19 pandemic, retailers saw changing trends in terms of their assortments and how the acceleration of online shopping led many of them to

Snowflake (SNOW) creates a record as the most successful software IPO ever; stock more than doubles

Data is at the heart of business innovation. Recognizing this trend, companies are seeking ways to transform their businesses by capturing, analyzing, and mobilizing data. The public cloud is becoming

Adobe (ADBE) sees new tailwinds as virtual shift gathers steam

The second half has been highly rewarding for design software maker Adobe Inc. (NASDAQ: ADBE) amid stable demand for digital content solutions. The company has remained unaffected by the virus-related

One thought on “Iridium Communications (NASDAQ: IRDM): Q4 2019 Earnings Snapshot

Comments are closed.

Tags

Top