Iridium, the uber-mobile-network and Satellite telecommunications company have posted some wicked results today.
For anyone who thought ‘didn’t they go out of business?’, here’s living proof that they’re still operational. 38% increase in subscribers. Revenue up 28%. EBITDA Up 28 Percent. Up up up. That’s the way to go.
Total revenue in the second quarter 2008 was $81.7 million versus $66.7 million in the same quarter last year, a 22 percent increase. For the six-month period that ended June 30, 2008, Iridium posted $156 million in revenue, a 31 percent increase over the first half of 2007.
That’ll do nicely.
You aren’t a man until you’ve got an Iridium Satellite Phone.
Put one of their models next to any traditional mobile handset and I defy you not to want the Iridium one more. There is something reassuring about seeing the ‘Iridium’ prompt appear on the screen together with a satellite signal indicator.
Anywhere on the planet. Love it.
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