Iridium reports Q4 EPS (1c), consensus 0c

Reports Q4 revenue $193.8M, consensus $174.26M. "2022 was another strong year for Iridium, driven by continued strong subscriber growth and revenue gains across all business lines," said CEO Matt Desch. "Our strong liquidity position and growth in free cash flow supported ongoing return of capital to shareholders, including the initiation of dividends in 2023. It’s exciting to unveil our partnership with Qualcomm that can dramatically expand the reach of our network to new consumer smartphones using the Snapdragon Satellite platform. This should be available starting later this year and cement Iridium as a big player in the emerging satellite direct-to-device market, as well as offer a path to connect other consumer applications in the future."