Iridium Communications (IRDM) Tops Q4 EPS by 2c
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Iridium Announces 2020 Results; Company Issues 2021 Outlook
February 11, 2021 7:01 AM ESTMCLEAN, Va., Feb. 11, 2021 /PRNewswire/ --Â Iridium Communications Inc. (Nasdaq: IRDM) ("Iridium") today reported financial results for the fourth quarter of 2020 and issued its full-year 2021 guidance. Net loss was $7.9 million, or $0.06 per diluted share, for the fourth quarter of 2020, as compared to net loss of $107.9 million, or $0.82 per diluted share, for the fourth quarter of 2019. This improvement was primarily the result of debt extinguishment costs associated with Iridium's refinancing in the fourth quarter of 2019, which did not recur in 2020. Operational EBITDA ("OEBITDA")(1) for the fourth quarter was $84.8 million, as compared to $80.1 million for the... More
