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Asset logo for symbol IRDM
Iridium Communications
IRDM72
$29.21arrow_drop_down0.91%-$0.26
Asset logo for symbol IRDM
IRDM72

$29.21

arrow_drop_down0.91%

Income Statement (IRDM)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
EBIT$58.71M$43.64M$49.77M$46.29M$28.49M
EBITDA$109.87M$94.42M$99.51M$99.08M$105.32M
gross Profit$156.15M$96.88M$93.78M$139.12M$143.38M
NET Income$24.44M$32.33M$19.65M$38.02M-$1.64M
total Revenue$212.77M$201.06M$203.85M$194.74M$197.60M

Balance Sheet (IRDM)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
cash Equivalents-----
net Debt$1.63B$1.58B$1.42B$1.41B$1.41B
stockholders Equity$663.75M$786.69M$853.68M$888.09M$925.00M
total Assets$2.75B$2.71B$2.73B$2.66B$2.70B
total Debt$1.79B$1.65B$1.60B$1.48B$1.48B
total Liabilities$2.08B$1.93B$1.88B$1.77B$1.78B

Cash Flow (IRDM)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
financing Cash Flow-$3.31M-$68.36M$45.52M-$68.68M-$93.43M
free Cash Flow$100.01M$68.67M$56.86M$71.60M$59.11M
investing Cash Flow-----$11.99M
operating Cash Flow$118.62M$81.11M$71.42M$87.80M$71.11M

Iridium Communications (IRDM) Financials

Iridium Communications Inc (IRDM) is a leading provider of global satellite communications services. The company's financials reflect its strong performance and growth in the industry. According to the income statement, Iridium generated a substantial total revenue, indicating its ability to attract customers and generate sales. The gross profit earned by the company demonstrates its efficiency in managing costs and maximizing profitability. The net income from stockholders further exemplifies its success in delivering returns to its investors. With a healthy EBIT and EBITDA, Iridium showcases its profitability and operational efficiency.
Turning to the balance sheet, Iridium Communications Inc (IRDM) boasts a solid stockholders equity, indicating a strong financial position and the confidence of its investors. The total assets held by the company show its substantial resource base and its capacity to meet its obligations. While the company does have some net debt, it is reasonable considering the nature of its operations and the investments required in the industry. The total liabilities are well managed, demonstrating effective financial management by the company.
In terms of cash flow, Iridium Communications Inc (IRDM) has a stable cash equivalents position, ensuring its ability to meet short-term obligations and seize opportunities as they arise. The financing cash flow reveals the company's ability to secure funding and manage its financial resources effectively. The free cash flow indicates the company's ability to generate excess cash, which can be reinvested or distributed to stockholders. Iridium's robust operating cash flow demonstrates its ability to generate cash from its core operations.
In conclusion, Iridium Communications Inc (IRDM) exhibits strong financial performance and stability across its financials. With impressive revenue, profitability, and a solid balance sheet, the company is well-positioned for future growth and success in the global satellite communications industry.
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