NASDAQ$IRDM
Iridium Communications Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Iridium reported record equipment sales and subscriber growth driven by commercial IoT demand.
Iridium Communications Inc. reported a strong first quarter in 2022, with a 15% increase in total revenue to $168.2 million. Net income was $2.8 million, or $0.02 per diluted share, compared to a net loss of $5.2 million in the prior year period. The company reiterated its full-year 2022 outlook.
- Total revenue increased by 15% year-over-year, reaching $168.2 million.
- Service revenue grew by 9% year-over-year, totaling $126.1 million.
- The company ended the quarter with 1,781,000 total billable subscribers, a 17% increase year-over-year.
- Commercial IoT data revenue increased by 15% year-over-year, reaching $28.4 million.
Headline financials
Revenue & EPS history
Iridium · Revenue · Quarterly
$168M
Revenue by segment
Iridium · $157M total across 6 segments · Q1 2022
- Commercial Voice and Data$44.9M+8.4%28.6%
- Subscriber Equipment$33.7M+40.9%21.5%
- Commercial IoT Data$28.4M+14.9%18.1%
- Government Services$26.5M+2.9%16.9%
- Commercial Hosted Payload & Other Data$14.8M-0.1%9.4%
- Engineering and Support Services$8.37M+30.1%5.3%
Forward guidance
The Company reiterated its full-year 2022 outlook:
Tailwinds
- Total service revenue growth between 5% and 7% for full-year 2022.
- Full-year 2022 OEBITDA between $400 million and $410 million.
- Negligible cash taxes in 2022.
- Cash taxes are expected to be negligible through approximately 2024.
- Net leverage of between 2.5 and 3.5 times OEBITDA at the end of 2023, assuming the completion of the Company’s total $600 million in authorized share repurchases.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+1.7%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+1.8%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+25.9%
Q3 2015
Best reaction
-18.1%
Q2 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.8% | -7.5% | +21.0% | |
| Q4 2025 | +21.3% | +27.5% | +34.7% | |
| Q3 2025 | -7.6% | -11.9% | -18.4% | |
| Q1 2025 | -6.9% | -0.2% | +10.0% | |
| Q4 2024 | +15.4% | +17.1% | -0.5% | |
| Q3 2024 | +4.6% | -4.3% | -6.3% | |
| Q2 2024 | +2.1% | +12.2% | +2.0% | |
| Q1 2024 | +10.9% | +16.3% | +27.4% | |
| Q4 2023 | -14.0% | -16.6% | -22.9% | |
| Q3 2023 | -12.1% | -13.7% | -14.9% | |
| Q2 2023 | -15.0% | -9.8% | -19.9% | |
| Q1 2023 | +14.7% | +9.9% | +2.3% | |
| Q4 2022 | +13.8% | +11.8% | +3.8% | |
| Q3 2022 | +0.1% | +1.7% | +10.0% | |
| Q2 2022 | +10.0% | +12.3% | +16.8% | |
| Q1 2022 | +4.2% | -5.8% | -9.8% | |
| Q4 2021 | +4.9% | +5.2% | +15.0% | |
| Q3 2021 | +5.3% | +2.3% | +1.9% | |
| Q2 2021 | +10.6% | +8.9% | +3.5% | |
| Q1 2021 | -2.0% | -2.1% | -2.7% | |
| Q4 2020 | +0.0% | +3.2% | -12.7% | |
| Q3 2020 | -0.5% | -3.5% | +14.6% | |
| Q2 2020 | +3.4% | +0.1% | +3.8% | |
| Q1 2020 | -3.8% | -9.0% | -4.9% | |
| Q4 2019 | +1.7% | -5.9% | -19.5% | |
| Q3 2019 | +0.4% | -1.6% | -6.4% | |
| Q2 2019 | +4.6% | +7.7% | -2.7% | |
| Q1 2019 | -0.3% | +2.3% | -15.3% | |
| Q4 2018 | +5.6% | +2.6% | +20.6% | |
| Q3 2018 | +0.6% | +2.3% | +22.3% | |
| Q2 2018 | +3.7% | +7.1% | +14.7% | |
| Q1 2018 | -2.4% | -6.8% | +6.4% | |
| Q4 2017 | -0.4% | -6.0% | -9.2% | |
| Q3 2017 | +16.5% | +10.1% | +10.6% | |
| Q2 2017 | -5.0% | -9.2% | -5.5% | |
| Q1 2017 | +4.4% | +5.4% | -1.0% | |
| Q4 2016 | -2.7% | -4.4% | -2.2% | |
| Q3 2016 | +1.2% | +0.6% | +13.1% | |
| Q2 2016 | -2.7% | -6.1% | -8.9% | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2015 | -2.4% | — | — | |
| Q3 2015 | +25.9% | — | — | |
| Q2 2015 | -3.9% | — | — | |
| Q1 2015 | -7.2% | — | — | |
| Q4 2014 | -1.3% | — | — | |
| Q3 2014 | +4.6% | — | — | |
| Q2 2014 | +2.6% | — | — | |
| Q1 2014 | +14.4% | — | — | |
| Q4 2013 | +4.3% | — | — | |
| Q3 2013 | -10.5% | — | — | |
| Q2 2013 | -18.1% | — | — | |
| Q1 2013 | +7.8% | — | — | |
| Q4 2012 | -5.7% | — | — | |
| Q3 2012 | -11.3% | — | — | |
| Q2 2012 | -17.1% | — | — | |
| Q1 2011 | -1.1% | — | — | |
| Q1 2012 | -1.1% | — | — | |
| Q4 2009 | +18.4% | — | — | |
| Q4 2011 | +18.4% | — | — | |
| Q3 2011 | +9.2% | — | — | |
| Q3 2010 | +9.2% | — | — | |
| Q2 2010 | -4.4% | — | — | |
| Q2 2011 | -4.4% | — | — | |
| Q4 2010 | -4.4% | — | — | |
| Q1 2010 | +4.5% | — | — |
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