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 DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: For Matt and Tom, at the Barcelona conference, Qualcomm announced that it will make Snapdragon satellite available for, I believe, mid-tier
Snapdragon 4 devices in addition to the previously announced Snapdragon 8 high-end premium devices. And last quarter, you provided a [TAM]
estimate of around 80 million to 100 million phones a year. And I was wondering how is that impacted with the potential inclusion of Snapdragon
4 devices that may incorporate the satellite feature?
Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: And are you able to say if the royalty rate for the mid-tier Snapdragon 4 devices is lower than the royalty rate for the premium Snapdragon 8
devices? Or is that still in negotiations?
Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: No problem. That's completely understandable. And for Tom. Tom you referenced higher R&D this year. I think for like new devices. Is that R&D to
support the Qualcomm partnership, such that our Iridium software developers and like radiofrequency engineers like actually working on that?
Or is this higher R&D to support like other new devices, perhaps in the consumer IoT sector?
Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: And Tom, did you also say as it relates to the IoT ARPU that there might actually be expansion going forward? Or did I mishear that?
Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: And for those Certus, would that be for consumer devices like...
Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: I have a question in terms of why have your satellite phone competitors experienced like major supply chain issues, but it doesn't seem to have
really impacted you?
Question: Michael Louie DiPalma - William Blair & Company L.L.C., Research Division - Analyst
: And also earlier this year, you launched the Iridium GO exec, which seems like a really exciting device. What has been the initial feedback of the
GO exec from your channel partners? And does the service revenue for that product, does that go in the commercial voice and data reporting
segment? Or does it go into the IoT reporting segment?
| 
