Iridium Communications, Inc. (IRDM) Misses Q2 EPS by 14c, Total Billable Subscribers Grew 25%
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Iridium Communications, Inc. (NASDAQ: IRDM) reported Q2 operational EBITDA of $48.4 million, as compared to $36.1 million for the prior-year period, representing year-over-year growth of 34 percent and an OEBITDA margin of 50 percent. Revenue for the quarter came in at $95.9 million versus the consensus estimate of $90.95 million.
Total billable subscribers grew 25 percent year-over-year to 478,000.
Total billable subscribers grew 25 percent year-over-year to 478,000.
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