{"id":83154,"date":"2012-05-05T01:49:21","date_gmt":"2012-05-04T17:49:21","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/iridium-reports-modest-2012-1q-revenue-subscriber-growth\/"},"modified":"2012-05-05T01:49:21","modified_gmt":"2012-05-04T17:49:21","slug":"iridium-reports-modest-2012-1q-revenue-subscriber-growth","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/iridium-reports-modest-2012-1q-revenue-subscriber-growth\/","title":{"rendered":"Iridium Reports Modest 2012 1Q Revenue, Subscriber Growth"},"content":{"rendered":"<p>[05-04-12] <b>Iridium Communications\u2019<\/b> 2012 first quarter revenues increased 2 percent year-over-year to $93.5 million, beating analysts\u2019 2 percent, but falling short of the consensus estimate for operational EBITDA, according to the MSS operator\u2019s latest financial results issued May 3.<\/p>\n<p>&nbsp; &nbsp;Iridium CEO Matt Desch affirmed his company\u2019s full-year forecast for revenue, subscriber, and operational EBITDA growth.<br \/>\n&nbsp; &nbsp;Iridium\u2019s operational EBITDA grew 2 percent to $43.9 million, representing a 6 percent shortfall from the consensus of $46.9 million. The company\u2019s operational EBITDA growth included a $1.2 million product warranty expense, and operating expenses that were up 10 percent year over year.<br \/>\n&nbsp; &nbsp;Iridium\u2019s commercial service revenues increased 13 percent in the 2012 first quarter compared to the same period last year. Despite a tough competitive environment in the MSS sector, Iridium reported modest growth in its voice subscriber base of 6,000 net additions and a 36 percent year-over-year increase in M2M subscriber adds at 15,000.<br \/>\nThe operator\u2019s government sector revenues dropped 1 percent.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[05-04-12] Iridium Communications\u2019 2012 first quarter revenues increased 2 percent year-over-year to $93.5 million, beating analysts\u2019 2 percent, but falling short of the consensus estimate for operational EBITDA, according to the MSS operator\u2019s latest financial results issued May 3. &nbsp; &nbsp;Iridium CEO Matt Desch affirmed his company\u2019s full-year forecast for revenue, subscriber, and operational EBITDA [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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-83154","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/83154"}],"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=83154"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/83154\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=83154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=83154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=83154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}