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Iridium Communications Updates FY20 Outlook - Quick Facts

(RTTNews) - While reporting its financial results for the second quarter on Tuesday, Iridium Communications Inc. (IRDM) updated its full-year 2020 outlook for total service revenue growth and OEBITDA.

For fiscal 2020, Iridium Communications now projects total service revenue growth between 1 percent and 2 percent. Total service revenue for 2019 was $447.2 million.

The company projects full-year 2020 OEBITDA of approximately $340 million, compared to OEBITDA of $331.7 million for 2019.

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