Should You Buy This Mid Cap Stock-IRDM

Acrobull Canada Advisory Inc.

March 21			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
Irdium communications Inc.	IRDM-NASDAQ	Technology		$2.999 Billion	Medium

Iridium Communications Inc. offers mobile phone and data communication services and products to corporations, US and foreign governments, non-governmental organizations, and individuals worldwide.

Recent Highlights

Recent Highlights-A leading supplier of worldwide voice and data satellite communications, today established a strategic relationship with World Central Kitchen (WCK), an organization dedicated to providing aid to communities affected by natural, humanitarian, and climate-related disasters.

This relationship will help WCK manage and provide food assistance to crisis-affected areas, as well as enhance communications for frontline relief workers and first responders.

Fourth Quarter 2024 Highlights

Commercial phone and data revenue was $57.1 million, a 3% increase over the previous year. The number of subscribers increased by 2% over the previous year, reaching 415,000. During the fourth quarter, the average revenue per user ("ARPU") remained constant at $45 compared to the same period prior year.

Commercial IoT data: Revenue was $41.4 million, up 15% from the previous year. Subscribers increased by 10% over the previous year to 1,887,000 subscribers, owing to strong growth in consumer personal communications devices. The fourth-quarter ARPU was $7.29, up from $7.12 in the same period last year.

Commercial broadband: Revenue reached $13.4 million, representing a 9% decrease from $14.6 million in the same quarter last year. The number of subscribers also saw a slight decline, totaling 16,600.

This decline is attributed to the increasing use of Iridium as a supplementary service and the transition of customers to different plans. Hosted payload and other data services: Revenue increased to $15.4 million, a 2% rise from $15.2 million in the same quarter last year.

Stock Observation- The company has reported very good financial results in the fourth quarter of 2024 and is expected to report better financial results in the next quarter. In recent days and weeks there have been numerous from institutional investors hence showing positive sign. The RSI level for the stock is at 42 hence showing oversold conditions.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull Canada Advisory Inc. only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull Canada Advisory Inc. would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns.

Acrobull Recommendation Based on Evaluation

Current Market Price	$27.55 USD
Acrobull Recommendation	Buy at $27.15 USD
Target Price	$31.84 USD
RSI Level	14 Day RSI 42
Total Shares Outstanding	108.84 Million
Shares held by Insiders Risk Factor Stop Loss	12.10% Medium 5%