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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 192M | 6.2% |
| Gross Profit | 145M | 10.7% |
| Cost of Revenue | 46M | 5.6% |
| Operating expense | 53M | 5.6% |
| Net Income | 24M | 24.4% |
| EBITDA | 61M | 7.3% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 2.75B | 1.2% |
| Total Liabilities | 2.09B | 8.1% |
| Total Equity | 664M | 15.6% |
| Shares Outstanding | 117M | 2.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 119M | 46.2% |
| Cash from investing | -19M | 84.9% |
| Cash from financing | -3.3M | 95.2% |
EPS
Financial Highlights for Iridium Communications in Q3 '24
Iridium Communications reported a revenue of 192M, which is a 6.2% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 145M, marking a 10.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 46M, a -5.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 53M, showing a -5.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 24M, showing a -24.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 61M, showing a -7.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Iridium Communications faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
