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1. #Iridium communications inc generator
2. #Iridium communications inc update
3. #Iridium communications inc pro
4. #Iridium communications inc free

#Iridium communications inc free

This is the first share repurchase authorization in our company's history and is indicative of the confidence that we have in our free cash flow and business opportunities. In light of this progress and the continued growth opportunities we see, our Board of Directors has authorized a $300 million share repurchase program, which we announced in a press release last night. Investors have noticed this too pushing our enterprise-to-EBITDA multiple in line with comparable growth oriented strong free cash flow companies, further differentiating Iridium from the traditional financial profile and competitive position of other satellite companies. Our net leverage has fallen dramatically and we continue to drive double-digit subscriber growth and new revenues from our upgraded network.

#Iridium communications inc pro

Today, our company generates over $200 million in annual pro forma free cash flow.

#Iridium communications inc generator

Last week's anniversary reminds us that Iridium's transformation to a strong, profitable and growing cash flow generator is complete. We've also rolled out groundbreaking services into new business segments, like our very flexible Iridium Certus higher speed data platform, and of course, Iridium GMDSS for Mariners. We've launched innovative new products to extend our leadership in IoT like the Iridium Edge line and cloud connectivity with Iridium Cloud Connect. In fact, we've added dozens of world-class partners and welcomed more than 350,000 net new subscribers to our network. They've been very productive years too with continued strong growth and the delivery of a number of exciting new services for our customers. It's hard to believe but last week we celebrated the second anniversary of the completion of the Iridium NEXT program. With that, let me turn things over to Matt. Please refer to today's earnings release and the Investor Relations section of our website for further explanation of these non-GAAP financial measures as well as a reconciliation to the most directly comparable GAAP measures. These non-GAAP financial measures are not prepared in accordance with Generally Accepted Accounting Principles.

#Iridium communications inc update

Any forward-looking statements represent our views only as of today, and while we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so even if our views or expectations change.ĭuring the call, we'll also be referring to certain non-GAAP financial measures including operational EBITDA and pro forma free cash flow, free cash flow yield and free cash flow conversion. Our remarks today should be considered in light of such risks. Such risks are more fully discussed in our filings with the Securities and Exchange Commission. Such forward-looking statements are based upon our current beliefs and expectations and are subject to risks, which could cause actual results to differ from forward-looking statements. Forward-looking statements are statements that are not historical fact and include statements about our future expectations, plans and prospects. Before I turn things over to Matt, I'd like to caution all participants that our call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. I trust you've had an opportunity to review this morning's earnings release which is available on the Investor Relations section of Iridium's website. Today's call will begin with a discussion of our Q4 results followed by Q&A. Joining me on this morning's call are our CEO, Matt Desch, and our CFO, Tom Fitzpatrick. Good morning and welcome to Iridium's fourth quarter 2020 earnings call. Kenneth Levy - Head of Investor Relations