Earnings Call Summary | Iridium Communications(IRDM.US) Q1 2024 Earnings Conference
Earnings Call Summary | Iridium Communications(IRDM.US) Q1 2024 Earnings Conference
The following is a summary of the Iridium Communications, Inc. (IRDM) Q1 2024 Earnings Call Transcript:
以下是 Iridium Communications, Inc. (IRDM) 2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Iridium saw a Q1 Operational EBITDA increase of 3% to $115 million, driven by growth in recurring revenue.
Commercial service revenue rose by 8% this quarter to $122.1 million.
Commercial IoT revenue increased by 23% to $39.4 million in Q1 from the previous year and is expected to exceed the 13% growth rate experienced in the previous years.
Hardware sales amounted to $24.9 million, aligning with yearly expectations.
Iridium forecasts a steady growth in engineering revenue throughout 2024.
Iridium estimates their Operational EBITDA to be between $460-470 million for the year.
The company had cash and cash equivalents of $174 million on March 31, and a term loan balance increased to $1.62 billion following funding to acquire Satelles.
受經常性收入增長的推動，Iridium第一季度運營息稅折舊攤銷前利潤增長了3％，達到1.15億美元。
本季度商業服務收入增長了8％，達到1.221億美元。
第一季度商業物聯網收入比上年增長了23％，達到3,940萬美元，預計將超過前幾年13％的增長率。
硬件銷售額爲2490萬美元，與年度預期一致。
Iridium預測，整個2024年，工程收入將穩步增長。
Iridium估計，其今年的運營息稅折舊攤銷前利潤在4.6億至4.7億美元之間。
截至3月31日，該公司的現金和現金等價物爲1.74億美元，在爲收購Satelles提供資金後，定期貸款餘額增加到16.2億美元。
Business Progress:
業務進展：
Iridium successfully acquired Satelles, a Satellite-Based Time Synchronization and Location service, marking its entrance into global end-to-end solution provider for PNT services.
The corporation found success with STL applications in the market and aims to leverage this trend to address further customer sectors.
Iridium emphasized IoT, Midband, Direct-to-Device, and Telephony as core growth drivers for the future.
The company remains committed to buying back its shares, viewing it as an attractive investment potential due to solid fundamentals and upcoming business opportunities.
Iridium anticipates a gradual expenditure on the next-gen satellite constellation post-2030.
The new 9604 device is expected to have a financial impact in the next couple of years, showcasing progress in product development.
Long-term growth is anticipated from the commercial applications of Satelles' technology, with potential to reach $100 million by 2030.
Iridium plans to increase their quarterly dividend to $0.14 per share in Q2 2024.
Iridium成功收購了基於衛星的時間同步和定位服務Satelles，這標誌着其進入全球端到端PNT服務解決方案提供商。
該公司在STL應用市場上取得了成功，旨在利用這一趨勢來滿足更多客戶領域的需求。
Iridium 強調物聯網、中帶、直接到設備和電話是未來的核心增長動力。
該公司仍然致力於回購其股票，由於穩健的基本面和即將到來的商機，該公司將其視爲具有吸引力的投資潛力。
Iridium預計，2030年後將在下一代衛星星座上逐步投入資金。
新的9604設備預計將在未來幾年內產生財務影響，展示產品開發的進展。
預計衛星技術的商業應用將帶來長期增長，到2030年有可能達到1億美元。
銥星計劃在2024年第二季度將其季度股息提高至每股0.14美元。
More details: Iridium Communications IR
更多詳情： 銥通信 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。