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Iridium reports 4Q results - Trade Only Today

Iridium reports 4Q results

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Iridium Communications, based in Bethesda, Md., reported its fourth-quarter results for the period ending Dec. 31, 2009.

Net loss for the fourth quarter was $4.7 million compared with net income of $1.5 million for the fourth quarter of 2008. This partially reflects $17 million of expenses related to purchase price accounting adjustments, net of tax, relating to the GHL Acquisition Corp. transaction.

Click here for the full release.

Click here for a fourth-quarter financial summary.

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