MCLEAN, Va., May 2, 2013 (GLOBE NEWSWIRE) -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the first quarter of 2013 and affirmed its outlook for the full-year 2013. Net income was $14.9 million, or $0.17 per diluted share, for the first quarter of 2013, as compared to $12.4 million, or $0.16 per diluted share, for the first quarter of 2012. Operational EBITDA ("OEBITDA") (1) for the first quarter was $46.8 million, as compared to $43.9 million for the prior-year period, representing year-over-year growth of 7 percent and an OEBITDA margin (1) of 53 percent. OEBITDA benefited from growth in commercial service revenue and lower operating costs.
Iridium Announces First-Quarter 2013 Results; Company Affirms 2013 Outlook
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