Iridium Sets Positive 2024 Outlook, Eyes Revenue Growth, Rising Subscriber Numbers

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Iridium Communications Inc (NASDAQ: IRDM) reported flat fourth-quarter FY23 revenue growth to $194.74 million, beating the consensus of $194.03 million.

The company registered a quarterly EPS of 30 cents, beating the street view of EPS of $0.03

Commercial service revenue was up 10% Y/Y to $121.5 million, led by broad-based growth across all revenue lines.

Government service revenue remained flat Y/Y at …

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