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Iridium Communications Inc (IRDM.OQ)

IRDM.OQ on NASDAQ Stock Exchange Global Select Market

11.23USD
15 Dec 2017
Change (% chg)

$-0.12 (-1.10%)
Prev Close
$11.35
Open
$11.35
Day's High
$11.50
Day's Low
$11.20
Volume
1,259,156
Avg. Vol
189,802
52-wk High
$12.88
52-wk Low
$7.85

Latest Key Developments (Source: Significant Developments)

Iridium announces Q3 earnings per share $0.23
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Iridium Communications Inc :Iridium announces third-quarter 2017 results; updates 2017 outlook.Q3 earnings per share $0.23.Q3 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.Q3 revenue $116.5 million versus I/B/E/S view $114 million.Iridium Communications Inc - ‍Affirmed full-year 2017 outlook for total service revenue growth​.Iridium Communications- ‍Also affirmed long-range outlook for total service revenue growth, oebitda margin, peak net leverage and 2019 net leverage​.  Full Article

Iridium reports Q2 earnings per share of $0.22
Thursday, 28 Jul 2016 

Iridium Communications Inc : Quarter 2016 results; reports record net subscriber additions . Q2 earnings per share $0.22 . Q2 earnings per share view $0.25 -- Thomson Reuters I/B/E/S . Q2 revenue $109.2 million versus i/b/e/s view $107.3 million .Affirmed its full-year 2016 outlook.  Full Article

Iridium Communications Inc - New U.S. sanctions a headache for companies linked to North Korean gold - Reuters News
Monday, 28 Mar 2016 

Iridium Communications Inc:More than two dozen U.S.-listed companies have links to North Korean gold in their supply chains, according to regulatory disclosures reviewed by Reuters, potentially putting them at risk of penalties under tough new U.S. sanctions against Pyongyang's mining sector. - RTRS.A March 16 executive order by President Barack Obama allows the United States to blacklist anyone found to be operating in North Korea's mining sector or to have purchased metal from its government - even indirectly through a third-country supplier.The use of North Korean gold or other metals could open a company to millions of dollars in U.S. fines, criminal prosecutions and costly investigations.U.S. Securities and Exchange Commission (SEC) filings show 25 companies, including Pitney Bowes Inc, Winnebago Industries Inc and Iridium Communications Inc, disclosed in 2015 that their suppliers had used a gold smelter operated by North Korea's central bank.Gold is widely used in electronics, valued for its ability to conduct electricity efficiently. Reuters did not find links between firms and any other North Korea-sourced metals based on SEC filings.Another company that listed North Korean gold in its supply chain was Oregon technology company Radisys Corp.A spokesman said he was unsure of the company's ties to the North Korean refinery. The company uses gold to make electronics and would switch to another supplier if required by law, he said.  Full Article

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Satellite calls yield no clues on missing Argentine submarine

MAR DEL PLATA, Argentina A storm on Sunday complicated efforts to find an Argentine navy submarine missing in the South Atlantic with 44 crew members, while satellite calls thought to come from the vessel did not help searchers identify the vessel's location. | Video