• Latest
  • Trending
  • All
  • News
  • TV/Radio Deals
  • Film partnerships
  • New appointments
  • Production
  • TV Channels
Iridium announces Q2 2020 results; reports net loss of $12.4m 

Iridium announces Q2 2020 results; reports net loss of $12.4m 

July 29, 2020
Mission Impossible 7 returns to UAE

Mission Impossible 7 returns to UAE

January 23, 2021
Gilat integrates ESA with Inmarsat’s G-MODMAN solution

Gilat integrates ESA with Inmarsat’s G-MODMAN solution

January 23, 2021
Ooredoo Oman expands network coverage

Ooredoo Oman expands network coverage

January 23, 2021
Alphabet to shut down ‘Loon’

Alphabet to shut down ‘Loon’

January 23, 2021
Honey TV to debut on DStv

Honey TV to debut on DStv

January 23, 2021
NBC to close down NBCSN by year end

NBC to close down NBCSN by year end

January 23, 2021
TNT Africa announces channel refresh for 2021

TNT Africa announces channel refresh for 2021

January 22, 2021
Airbus, Thales wins $1.78bn contract for Galileo satellite

Airbus, Thales wins $1.78bn contract for Galileo satellite

January 22, 2021
SpaceX signs rideshare agreement Satellogic

SpaceX signs rideshare agreement Satellogic

January 21, 2021
Kazmedia chooses Grass Valley cameras for HD studio upgrade

Kazmedia chooses Grass Valley cameras for HD studio upgrade

January 21, 2021
Ashok Namboodiri to lead Zee’s international business as Chief Business Officer

Ashok Namboodiri to lead Zee’s international business as Chief Business Officer

January 21, 2021
Rocket Lab launches communication satellite for OHB

Rocket Lab launches communication satellite for OHB

January 20, 2021
  • Advertise
  • Subscribe
  • Magazine Archive
  • Directory
  • Contact
Sunday, January 24, 2021
BroadcastPro ME
  • News
    • All
    • Analyst Reports
    • AV
    • Film partnerships
    • International News
    • Mergers/Acquisitions
    • New appointments
    • OTT/Video Streaming
    • Production
    • Satellite/Broadcasting
    • Satellite/Comms
    • TV/Radio Deals
    Mission Impossible 7 returns to UAE

    Mission Impossible 7 returns to UAE

    Gilat integrates ESA with Inmarsat’s G-MODMAN solution

    Gilat integrates ESA with Inmarsat’s G-MODMAN solution

    Ooredoo Oman expands network coverage

    Ooredoo Oman expands network coverage

    Alphabet to shut down ‘Loon’

    Alphabet to shut down ‘Loon’

    Honey TV to debut on DStv

    Honey TV to debut on DStv

    NBC to close down NBCSN by year end

    NBC to close down NBCSN by year end

    TNT Africa announces channel refresh for 2021

    TNT Africa announces channel refresh for 2021

    Airbus, Thales wins $1.78bn contract for Galileo satellite

    Airbus, Thales wins $1.78bn contract for Galileo satellite

    SpaceX signs rideshare agreement Satellogic

    SpaceX signs rideshare agreement Satellogic

    Kazmedia chooses Grass Valley cameras for HD studio upgrade

    Kazmedia chooses Grass Valley cameras for HD studio upgrade

    Trending Tags

    • broadcast
    • MENA broadcast
    • ConnecTech2019
  • Tech Features
    • All
    • CASE STUDIES
    • New Media
    • REVIEWS
    • TV/Radio Deals
    Piracy – Unravelling the maze

    Piracy – Unravelling the maze

    Strategies to win the OTT race

    Strategies to win the OTT race

    The OTT journey – Learning from the experts

    The OTT journey – Learning from the experts

    Vox Pop Part One: Visualising the AR roadmap

    Vox Pop Part Two: Visualising the AR roadmap

    Vox Pop Part One: Visualising the AR roadmap

    Vox Pop Part One: Visualising the AR roadmap

    Premier League scraps pay-per-view model following backlash

    Premier League scraps pay-per-view model following backlash

    Shaping audio for broadcast

    Shaping audio for broadcast

    Video Piracy: Separating Fact from Fiction

    Video Piracy: Separating Fact from Fiction

    How to establish an 8K Future

    How to establish an 8K Future

    Demystifying the technology of AR for sports

    Demystifying the technology of AR for sports

    Trending Tags

    • Videos
      OTT Monitoring – Maximize return on your streaming investments

      OTT Monitoring – Maximize return on your streaming investments

      Pierre Tabet on what makes 7 Production tick

      Pierre Tabet on what makes 7 Production tick

      VIDEO: Hear it from Francesco Perta and Danny Bates on Dplay’s launch on StarzPlay

      VIDEO: Hear it from Francesco Perta and Danny Bates on Dplay’s launch on StarzPlay

      Industry experts showcase cinematography equipment at in5 workshop

      Industry experts showcase cinematography equipment at in5 workshop

      StarzPlay’s Maaz Sheikh and Exec Producer Kate Harwood-Baghdad Central premiere

      StarzPlay’s Maaz Sheikh and Exec Producer Kate Harwood-Baghdad Central premiere

      Sony launches PXW-FX9 full-frame 6K sensor camera in Dubai

      Sony launches PXW-FX9 full-frame 6K sensor camera in Dubai

      The Women Executives: Breaking the mould at the BroadcastPro 2019 Summit

      The Women Executives: Breaking the mould at the BroadcastPro 2019 Summit

      Content creators explore where content is heading in the MENA region

      Content creators explore where content is heading in the MENA region

      Envisioning a new media landscape with CEOs at the BroadcastPro 2019 Summit

      Envisioning a new media landscape with CEOs at the BroadcastPro 2019 Summit

    • Opinion
      AVOD: The best model for OTT success?

      AVOD: The best model for OTT success?

      Mobile LTE is key to simple and reliable live video contribution

      Mobile LTE is key to simple and reliable live video contribution

      How entertainment networks are fighting the pandemic

      How entertainment networks are fighting the pandemic

      New normal inspires fresh storylines and alternative filming strategies

      New normal inspires fresh storylines and alternative filming strategies

      Reviewing video content in the wake of Covid-19

      Reviewing video content in the wake of Covid-19

      Made in the UAE – with pride

      Made in the UAE – with pride

      Failing to prepare: Preparing to fail. Again?

      Failing to prepare: Preparing to fail. Again?

      Celebrating growth with BroadcastPro ME’s tenth anniversary

      Celebrating growth with BroadcastPro ME’s tenth anniversary

      Getting to grips with the AV-over-IP stack

      Getting to grips with the AV-over-IP stack

      How are businesses prioritising their expenditures in light of Covid-19?

      How are businesses prioritising their expenditures in light of Covid-19?

    • Interviews
      • All
      • Lounge
      Vox Pop Part One: Visualising the AR roadmap

      Vox Pop Part Two: Visualising the AR roadmap

      Vox Pop Part One: Visualising the AR roadmap

      Vox Pop Part One: Visualising the AR roadmap

      Will Covid-19 drive broadcasters into adopting IP?

      Will Covid-19 drive broadcasters into adopting IP?

      Vox Pop: The Road To IP

      Vox Pop: The Road To IP

      Let’s Tok Business: How TikTok is navigating the Middle East market

      Let’s Tok Business: How TikTok is navigating the Middle East market

      COVID-19: Its impact on the media world – Part II

      COVID-19: Its impact on the media world – Part II

      COVID-19: Its impact on the media world – Part I

      COVID-19: Its impact on the media world – Part I

      OSN: Back with a Bang

      OSN: Back with a Bang

      With Heba Korayem on how Ramadan programming has fared in the face of Covid-19

      With Heba Korayem on how Ramadan programming has fared in the face of Covid-19

      Faisal Hashmi: Crafting A Film Career

      Faisal Hashmi: Crafting A Film Career

    • Products
    • Magazine Archive
    • Events
    • LIVE
    No Result
    View All Result
    BroadcastPro ME
    • News
      • All
      • Analyst Reports
      • AV
      • Film partnerships
      • International News
      • Mergers/Acquisitions
      • New appointments
      • OTT/Video Streaming
      • Production
      • Satellite/Broadcasting
      • Satellite/Comms
      • TV/Radio Deals
      Mission Impossible 7 returns to UAE

      Mission Impossible 7 returns to UAE

      Gilat integrates ESA with Inmarsat’s G-MODMAN solution

      Gilat integrates ESA with Inmarsat’s G-MODMAN solution

      Ooredoo Oman expands network coverage

      Ooredoo Oman expands network coverage

      Alphabet to shut down ‘Loon’

      Alphabet to shut down ‘Loon’

      Honey TV to debut on DStv

      Honey TV to debut on DStv

      NBC to close down NBCSN by year end

      NBC to close down NBCSN by year end

      TNT Africa announces channel refresh for 2021

      TNT Africa announces channel refresh for 2021

      Airbus, Thales wins $1.78bn contract for Galileo satellite

      Airbus, Thales wins $1.78bn contract for Galileo satellite

      SpaceX signs rideshare agreement Satellogic

      SpaceX signs rideshare agreement Satellogic

      Kazmedia chooses Grass Valley cameras for HD studio upgrade

      Kazmedia chooses Grass Valley cameras for HD studio upgrade

      Trending Tags

      • broadcast
      • MENA broadcast
      • ConnecTech2019
    • Tech Features
      • All
      • CASE STUDIES
      • New Media
      • REVIEWS
      • TV/Radio Deals
      Piracy – Unravelling the maze

      Piracy – Unravelling the maze

      Strategies to win the OTT race

      Strategies to win the OTT race

      The OTT journey – Learning from the experts

      The OTT journey – Learning from the experts

      Vox Pop Part One: Visualising the AR roadmap

      Vox Pop Part Two: Visualising the AR roadmap

      Vox Pop Part One: Visualising the AR roadmap

      Vox Pop Part One: Visualising the AR roadmap

      Premier League scraps pay-per-view model following backlash

      Premier League scraps pay-per-view model following backlash

      Shaping audio for broadcast

      Shaping audio for broadcast

      Video Piracy: Separating Fact from Fiction

      Video Piracy: Separating Fact from Fiction

      How to establish an 8K Future

      How to establish an 8K Future

      Demystifying the technology of AR for sports

      Demystifying the technology of AR for sports

      Trending Tags

      • Videos
        OTT Monitoring – Maximize return on your streaming investments

        OTT Monitoring – Maximize return on your streaming investments

        Pierre Tabet on what makes 7 Production tick

        Pierre Tabet on what makes 7 Production tick

        VIDEO: Hear it from Francesco Perta and Danny Bates on Dplay’s launch on StarzPlay

        VIDEO: Hear it from Francesco Perta and Danny Bates on Dplay’s launch on StarzPlay

        Industry experts showcase cinematography equipment at in5 workshop

        Industry experts showcase cinematography equipment at in5 workshop

        StarzPlay’s Maaz Sheikh and Exec Producer Kate Harwood-Baghdad Central premiere

        StarzPlay’s Maaz Sheikh and Exec Producer Kate Harwood-Baghdad Central premiere

        Sony launches PXW-FX9 full-frame 6K sensor camera in Dubai

        Sony launches PXW-FX9 full-frame 6K sensor camera in Dubai

        The Women Executives: Breaking the mould at the BroadcastPro 2019 Summit

        The Women Executives: Breaking the mould at the BroadcastPro 2019 Summit

        Content creators explore where content is heading in the MENA region

        Content creators explore where content is heading in the MENA region

        Envisioning a new media landscape with CEOs at the BroadcastPro 2019 Summit

        Envisioning a new media landscape with CEOs at the BroadcastPro 2019 Summit

      • Opinion
        AVOD: The best model for OTT success?

        AVOD: The best model for OTT success?

        Mobile LTE is key to simple and reliable live video contribution

        Mobile LTE is key to simple and reliable live video contribution

        How entertainment networks are fighting the pandemic

        How entertainment networks are fighting the pandemic

        New normal inspires fresh storylines and alternative filming strategies

        New normal inspires fresh storylines and alternative filming strategies

        Reviewing video content in the wake of Covid-19

        Reviewing video content in the wake of Covid-19

        Made in the UAE – with pride

        Made in the UAE – with pride

        Failing to prepare: Preparing to fail. Again?

        Failing to prepare: Preparing to fail. Again?

        Celebrating growth with BroadcastPro ME’s tenth anniversary

        Celebrating growth with BroadcastPro ME’s tenth anniversary

        Getting to grips with the AV-over-IP stack

        Getting to grips with the AV-over-IP stack

        How are businesses prioritising their expenditures in light of Covid-19?

        How are businesses prioritising their expenditures in light of Covid-19?

      • Interviews
        • All
        • Lounge
        Vox Pop Part One: Visualising the AR roadmap

        Vox Pop Part Two: Visualising the AR roadmap

        Vox Pop Part One: Visualising the AR roadmap

        Vox Pop Part One: Visualising the AR roadmap

        Will Covid-19 drive broadcasters into adopting IP?

        Will Covid-19 drive broadcasters into adopting IP?

        Vox Pop: The Road To IP

        Vox Pop: The Road To IP

        Let’s Tok Business: How TikTok is navigating the Middle East market

        Let’s Tok Business: How TikTok is navigating the Middle East market

        COVID-19: Its impact on the media world – Part II

        COVID-19: Its impact on the media world – Part II

        COVID-19: Its impact on the media world – Part I

        COVID-19: Its impact on the media world – Part I

        OSN: Back with a Bang

        OSN: Back with a Bang

        With Heba Korayem on how Ramadan programming has fared in the face of Covid-19

        With Heba Korayem on how Ramadan programming has fared in the face of Covid-19

        Faisal Hashmi: Crafting A Film Career

        Faisal Hashmi: Crafting A Film Career

      • Products
      • Magazine Archive
      • Events
      • LIVE
      No Result
      View All Result
      BroadcastPro ME
      No Result
      View All Result
      Home News Satellite/Comms

      Iridium announces Q2 2020 results; reports net loss of $12.4m 

      Staff Reporter by Staff Reporter
      July 29, 2020
      in Satellite/Comms
      ShareTweetPostEmail

      Iridium reported Q2 total revenue of $140.2m, which consisted of $113.4m of service revenue and $26.8m of revenue in equipment sales and engineering and support projects.

      Iridium Communications has reported its financial results for Q2 of 2020 and updated its full-year 2020 outlook. Net loss was $12.4m, or $0.09 per diluted share, for Q2 of 2020, as compared to a net loss of $18.1m, or $0.16 per diluted share, for Q2 of 2019. 

      This decrease in net loss was primarily the result of lower net interest expenses related to the refinancing of Iridium’s credit facility and high-yield notes from the year-ago period and a decline in in-orbit insurance costs and research and development expenses. Operational EBITDA for Q2 was $85.3m, as compared to $85.1m for the prior-year period, representing an OEBITDA margin of 61%.

      Iridium reported Q2 total revenue of $140.2m, which consisted of $113.4m of service revenue and $26.8m of revenue related to equipment sales and engineering and support projects. Total revenue decreased 2% versus the comparable period of 2019, while service revenue grew by 2%. Service revenue, which represents primarily recurring revenue from Iridium’s growing subscriber base, was 81% of total revenue for Q2 of 2020.

      The company ended the quarter with 1,362,000 total billable subscribers, which compares to 1,213,000 for the year-ago period and is up from 1,332,000 for the quarter ended March 31, 2020. Total billable subscribers grew 12% year-over-year, driven by growth in commercial and government IoT customers.

       “Despite the headwinds caused by the global pandemic, Iridium continues to grow subscribers, service revenue and cash,” said Matt Desch, CEO, Iridium. Desch continued, “As businesses around the world started to reopen in the second quarter, we’ve also seen some recovery in activity from our technology and distribution partners.”

      Commenting on the full-year outlook, Desch added, “With each passing month, we are getting increased visibility that allows us to refine our guidance for the year. Iridium is fortunate to provide mission-critical services across a broad array of industries, which has allowed our business to remain resilient in this environment. I think it’s notable that despite the economic slowdown, Iridium increased its cash position by more than $50m in Q2, all of which came from operating activities. We expect to continue to generate significant free cash flow in 2020 and beyond.”

      Tags: iridiumnet lossQ2 2020revenue

      Related Posts

      Iridium partner Intellisense announces integrated Weather Observation System (IWOS)

      Iridium partner Intellisense announces integrated Weather Observation System (IWOS)

      December 22, 2020
      Iridium launches world’s first global, real-time maritime emergency service

      Iridium launches world’s first global, real-time maritime emergency service

      December 16, 2020
      Satellite data to generate downstream value of $20.7bn by 2029: NSR

      Satellite data to generate downstream value of $20.7bn by 2029: NSR

      November 25, 2020
      FSS companies report average 4% year-over-year decline in revenue: Euroconsult

      FSS companies report average 4% year-over-year decline in revenue: Euroconsult

      November 19, 2020
      Kobelco ties with Iridium for remote asset tracking in fleet management systems

      Kobelco ties with Iridium for remote asset tracking in fleet management systems

      November 15, 2020
      TikTok-owner ByteDance may rake in $27bn in ad revenue by year-end

      TikTok-owner ByteDance may rake in $27bn in ad revenue by year-end

      November 12, 2020

      Related News

      Iridium launches world’s first global, real-time maritime emergency service

      Iridium launches world’s first global, real-time maritime emergency service

      December 16, 2020
      Kobelco ties with Iridium for remote asset tracking in fleet management systems

      Kobelco ties with Iridium for remote asset tracking in fleet management systems

      November 15, 2020
      Iridium announces Q2 2020 results; reports net loss of $12.4m 

      Iridium announces Q2 2020 results; reports net loss of $12.4m 

      July 29, 2020
      Blue Sky Network enables monitoring for vehicle fleets with HawkEye 5500 

      Blue Sky Network enables monitoring for vehicle fleets with HawkEye 5500 

      July 8, 2020
      More Related News

      Popular Stories

      • ONTime Sports 3 channel launches in Egypt

        ONTime Sports 3 channel launches in Egypt

        1776 shares
        Share 710 Tweet 444
      • Airbus completes Preliminary Design Review for Skynet 6A

        770 shares
        Share 308 Tweet 193
      • Radio Television of Djibouti deploys Etere solution

        732 shares
        Share 293 Tweet 183
      • Two Arab producers to take part in Rotterdam Lab film training

        714 shares
        Share 286 Tweet 179
      • Cinépolis cinemas set to open in Jeddah and Dammam

        690 shares
        Share 276 Tweet 173

      BroadcastPro ME

      • About
      • Advertise
      • Subscribe
      • Magazine Archive
      • Directory
      • Contact
      • Privacy

      Follow us on Social Media

      No Result
      View All Result
      • News
      • Tech Features
      • Videos
      • Opinion
      • Interviews
      • Products
      • Magazine Archive
      • Events
      • LIVE

      Login to your account below

      Forgotten Password?

      Fill the forms bellow to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In