{"id":68801,"date":"2017-02-23T19:51:17","date_gmt":"2017-02-23T11:51:17","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/iridium-announces-fourth-quarter-and-full-year-2016-results-issues-2017-outlook\/"},"modified":"2017-02-23T19:51:17","modified_gmt":"2017-02-23T11:51:17","slug":"iridium-announces-fourth-quarter-and-full-year-2016-results-issues-2017-outlook","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/iridium-announces-fourth-quarter-and-full-year-2016-results-issues-2017-outlook\/","title":{"rendered":"Iridium Announces Fourth-Quarter and Full-Year 2016 Results, Issues 2017 Outlook"},"content":{"rendered":"<\/p>\n<p><strong>Iridium Communications<\/strong> reported financial results for the fourth quarter of 2016 and issued its full-year 2017 and long-range outlook.&nbsp;Net income was $24.1 million for the fourth quarter of 2016, as compared to net loss of $69.4 million for the fourth quarter of 2015.<\/p>\n<p>Operational Earnings Before Interest, Tax, Depreciation and Amortization (OEBITDA)&nbsp;for the fourth quarter was $61.3 million, as compared to $56.8 million for the prior-year period, representing a year-over-year increase of 8 percent. OEBITDA grew largely due to higher Machine-to-Machine (M2M) and government service revenue and reduced non-income taxes.<\/p>\n<p>Iridium reported fourth-quarter total revenue of $107.4 million, which consisted of $84.2 million of service revenue and $23.2 million of revenue related to equipment sales and engineering and support projects. The company ended the quarter with 850,000 total billable subscribers.<\/p>\n<p>For the full year, Iridium reported net income of $111 million, or $0.89 per diluted share attributable to common stockholders. The company reported 2016 total revenue of $433.6 million, which was up 5 percent from the year-ago period.<\/p>\n<p>Given the expected completion of the Iridium Next constellation in 2018, the company expects total service revenue between $440 million and $465 million for the full-year 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Iridium Communications reported financial results for the fourth quarter of 2016 and issued its full-year 2017 and long-range outlook.&nbsp;Net income was $24.1 million for the fourth quarter of 2016, as compared to net loss of $69.4 million for the fourth quarter of 2015. Operational Earnings Before Interest, Tax, Depreciation and Amortization (OEBITDA)&nbsp;for the fourth quarter [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":68802,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-68801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/68801"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=68801"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/68801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/68802"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=68801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=68801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=68801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}