Iridium Communications Inc (IRDM)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -10,825 | -40,799 | -33,052 | 8,688 | 9,014 | 5,090 | 1,409 | -10,541 | -28,970 | -41,409 | -47,514 | -58,385 | -89,006 | -213,143 | -225,909 | -234,758 | -218,119 | -100,962 | -93,019 | -63,723 |
| Revenue (ttm) | US$ in thousands | 790,723 | 765,535 | 769,021 | 754,775 | 721,034 | 694,988 | 672,226 | 644,376 | 614,500 | 562,328 | 564,734 | 567,318 | 583,439 | 575,806 | 569,119 | 572,046 | 560,444 | 553,735 | 545,714 | 537,545 |
| Pretax margin | -1.37% | -5.33% | -4.30% | 1.15% | 1.25% | 0.73% | 0.21% | -1.64% | -4.71% | -7.36% | -8.41% | -10.29% | -15.26% | -37.02% | -39.69% | -41.04% | -38.92% | -18.23% | -17.05% | -11.85% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-10,825K ÷ $790,723K
= -1.37%
The pretax margin of Iridium Communications Inc has shown fluctuations over the past eight quarters. In Q4 2023, the pretax margin was -1.37%, representing a slight improvement compared to the previous quarter's -5.02%. However, the company's performance in Q4 2023 was weaker than the same quarter in the previous year when the pretax margin stood at 1.25%.
Overall, Iridium Communications Inc has experienced periods of both negative and positive pretax margins in recent quarters. It is essential for the company to closely monitor and manage its expenses and revenue to maintain a healthy pretax margin and ultimately improve profitability.
Peer comparison
Dec 31, 2023