The satellite communications provider delivered revenue of $174.9 million, an operational EBITDA profit of $105.9 million and just under 1.9 million total subscribers — up 17%, 12%, and 16%, respectively, from the same period a year prior. Iridium CEO Matt Desch emphasized on the call that the"business outperformed nicely," with the company"positioned well to grow ... even if recent concerns of an economic downturn come to fruition.
The satellite imagery and space infrastructure company reported revenue of $438 million, down slightly from the same period a year ago due to lower sales from its space infrastructure division, and adjusted EBITDA profit of $119 million. Maxar's order backlog increased to $2.9 billion, andThe spacecraft maker brought in just $50,000 in revenue, due to a canceled customer contract, and reported an adjusted EBITDA loss of $18.3 million.