The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Michael Louie D DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: This is Louie DiPalma from William Blair. Should we expect any royalty revenue this year?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
SEPTEMBER 21, 2023 / 6:00PM, IRDM.OQ - Iridium Communications Inc Investor Day
Question: Michael Louie D DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: Are you able to comment if there was any royalty revenue in the third quarter?
Matthew Desch
We haven't announced the third quarter.
Question: Michael Louie D DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: Can I ask another one?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
SEPTEMBER 21, 2023 / 6:00PM, IRDM.OQ - Iridium Communications Inc Investor Day
Question: Michael Louie D DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: Okay. The drone connectivity has been in the news as it relates to Ukraine. And you obviously already have a global L-band network. And you
mentioned how you expect renew your DoD EMSS contract for favorable terms. I think currently at those $106 million in run rate. Is there the
potential you could have a similar fixed type contract for Certus connectivity, such that you could provide the DoD with your global L-band network
with fixed type capacity and maybe it be more significant?
Matthew Desch
Where you were going at that, I thought you were going to turn me into Elon Musk to say something extremely provocative about something here,
and I thought I'm ready, but it turned into a straightforward.
Anything is possible at a certain price. I don't know right now with all the competitive options they have out there, certainly in Ku-band that they're
going to buy up all our capacity in that way. Broadband is a greedy resource, of course, and to sort of offer that on a fixed price basis like we were
doing with narrowband, I think could be detrimental to all the potential revenues we could grow on the commercial side. So I don't think so.
I do think we can add offerings to that. There could be some type of deal on midband kind of services. There could be some -- definitely some very
much interest on our new IoT services. That new platform that Brian was talking about that is very efficient. We believe the DoD can see a lot of
applications on that. And I could see how that could kind of get part of this. There's more things we can bring to the table, I think, down the road.
|
