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  • Updated

MCLEAN, Va., Oct. 19, 2021 /PRNewswire/ -- Iridium Communications Inc. (Nasdaq:IRDM) ("Iridium") today reported financial results for the third quarter of 2021 and updated its full-year 2021 outlook. Net loss was $2.1 million, or $0.02 per diluted share, for the third quarter of 2021, as compared to net loss of $4.0 million, or $0.03 per diluted share, for the third quarter of 2020. This decrease in net loss was primarily the result of operating profit improvements and lower net interest expenses. Operational EBITDA ("OEBITDA")(1) for the third quarter was a record breaking $100.2 million, as compared to $93.4 million for the prior-year period, representing a year-over-year increase of 7% and an OEBITDA margin(1) of 62%.  OEBITDA benefitted from increases in revenue across the board.

  • Updated

PRINCE WILLIAM, Va., Oct. 7, 2021 /PRNewswire/ -- Prince William County's Department of Information Technology (DoIT) today announced additional investments in its Technology Inclusion Initiative (TII). The program seeks to deliver affordable, universal broadband access County-wide, and to expand technology literacy among County residents and businesses.