- Iridium Communications press release ( NASDAQ: IRDM ): Q4 GAAP EPS of -$0.01 misses by $0.01 .
- Revenue of $193.84M (+24.4% Y/Y) beats by $21.32M .
- CEO comment: "Our strong liquidity position and growth in free cash flow supported ongoing return of capital to shareholders, including the initiation of dividends in 2023."
- FY2023 Outlook : Total service revenue growth between 9% and 11% for full-year 2023; Full-year 2023 OEBITDA between $455 million and $465 million; Negligible cash taxes in 2023. 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 $600.0 million share repurchase authorization and the payment of four quarters of dividends. Net leverage was 3.2 times OEBITDA at December 31, 2022.
For further details see:
Iridium Communications GAAP EPS of -$0.01 misses by $0.01, revenue of $193.84M beats by $21.32M