The US Space Stock

Iridium Communications Reputation&Rating Reviews

Contents

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: the same as the published date

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“.

 
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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/

 
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The map of “Iridium Communications Inc.”

 
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The stock weekly chart of “Iridium Communications Inc.”



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The stock weekly trading radar of “Iridium Communications Inc.”


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The annual filings of “Iridium Communications Inc.”

* Date: Mar 31, 2021

* Date: Feb 25, 2020

* Date: Feb 28, 2019

* In thousands, except per share data



Cutoff dateDecember 31, 2020December 31, 2019December 31, 2018December 31, 2017
Operating income35,48310,12041,653115,476
Net income attributable(56,054)(166,193)(23,533)218,420
Total current assets347,821342,935390,384411,072
Total current liabilities113,072113,751262,719214,226
Current ratio
(1.2 or more is the best)
3.083.011.491.92
Common stock and additional paid-in capital1,160,7041,134,1801,108,6621,081,471
Treasury stockN/AN/AN/AN/A
Retained earning, Accumulated deficit275,915331,969501,712518,794
Total stockholders' equity1,419,4391,459,2821,601,5771,596,469
Total equity and liabilities3,360,9493,623,5574,014,2713,782,051
Equity ratio
(20% or more is better)
(50% or more is the best)
42.23%40.27%39.90%42.21%
Cash flows from operating activities249,767198,143263,709259,621
Cash flows from investing activities(46,470)(127,819)(378,912)(372,680)
Cash flows from financing activities(188,186)(313,280)193,50316,866
Free cash flow203,29770,324(115,203)(113,059)

 
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The stock price of “Iridium Communications Inc.”

* Comment

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.



* Comment

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.



* Comment

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.



Term year2021202020192018
Entity min stock price in monthly chartN/Aapprox 21.40 (Apr)approx 18.18 (Jan)approx 11.26 (Mar)
Entity max stock price in monthly chartN/Aapprox 39.33 (Dec)approx 27.45 (Apr)approx 24.11 (Dec)
Stock price increase ratio
(50% or more is the best)
N/A83.8%51.0%114.1%

 
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