Iridium Announces Second-Quarter 2021 Results; Updates 2021 Outlook prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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MCLEAN, Va., April 20, 2021 /PRNewswire/ Iridium Communications Inc. (Nasdaq:IRDM) ( Iridium ) today reported financial results for the first quarter of 2021 and reiterated its full-year 2021 outlook. Net loss was $5.2 million, or $0.04 per diluted share, for the first quarter of 2021, as compared to net loss of $31.7 million, or $0.24 per diluted share, for the first quarter of 2020. This decrease in net loss was primarily the result of the absence of debt extinguishment costs, which were incurred in the year ago period with Iridium s refinancing of its senior unsecured notes. Operational EBITDA ( OEBITDA )
(1) for the first quarter was $89.8 million, as compared to $92.1 million for the prior-year period, representing a year-over-year decrease of 2% and an OEBITDA margin
Iridium Announces First-Quarter 2021 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Iridium Announces 2020 Results; Company Issues 2021 Outlook
- 2020 subscriber growth resilient in face of pandemic
- Announces $300.0 million share repurchase authorization
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MCLEAN, Va., Feb. 11, 2021 /PRNewswire/ Iridium Communications Inc. (Nasdaq: IRDM) ( Iridium ) today reported financial results for the fourth quarter of 2020 and issued its full-year 2021 guidance. Net loss was $7.9 million, or $0.06 per diluted share, for the fourth quarter of 2020, as compared to net loss of $107.9 million, or $0.82 per diluted share, for the fourth quarter of 2019. This improvement was primarily the result of debt extinguishment costs associated with Iridium s refinancing in the fourth quarter of 2019, which did not recur in 2020. Operational EBITDA ( OEBITDA )