Iridium Communications Inc (NASDAQ:IRDM) Q3 2024 Results Conference Call October 17, 2024 8:30 AM ET

Company Participants

Ken Levy - Vice President, Investor Relations
Matt Desch - Chief Executive Officer of Iridium Communications Inc.
Tom Fitzpatrick - CFO
Vincent O'Neill - Senior Vice President of Finance

Conference Call Participants

Ric Prentiss - Raymond James
Simon Flannery - Morgan Stanley
Edison Yu - Deutsche Bank
Walter Piecyk - LightShed Ventures
Hamed Khorsand - BWS
Chris Quilty - Quilty Space
Louis DiPalma - William Blair

Operator

Good day and welcome to the Iridium's 2024 third quarter earnings call. All participants will be in listen-only mode. [Operator Instructions]. Please note this event is being recorded.

I'd now like to turn the conference over to Ken Levy, Vice President, Investor Relations. Please go ahead.

Ken Levy

Thanks, Megan. Good morning and welcome to Iridium's third quarter 2024 earnings call. Joining me on this morning's call our CEO Matt Desch and our CFO, Tom Fitzpatrick. Today's call will begin with the discussion of our third quarter results followed by Q&A. I trust you've had an opportunity to review this morning's earnings release, which is available on the investor relations section of Iridium’s website.

Before I turn things over to Matt, I'd like to caution all participants that our call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical fact and include statements about our future expectations, plans and prospects. Such forward-looking statements are based upon our current beliefs and expectations and are subject to risk, which could cause actual results to differ from forward-looking statements.

Such risks are more fully discussed in our filings with the Securities and Exchange Commission. Our remarks today should be considered in light of such risks. Any forward-looking statements represent our views only as of today. And while we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our views or expectations change.

During the call we'll also be referring to certain non-GAAP financial measures, including operational EBITDA, proforma free cash flow, free cash flow yield, and free cash flow conversion. These non-GAAP financial measures are not prepared in accordance with generally accepted accounting principles. Please refer to today's earnings release and the investor relations section of our website for further explanation of these non-GAAP financial measures and a reconciliation to the most directly comparable GAAP measures. With that, let me turn things over to Matt.