BCC updated valuation. +$1 by FY23 end, page-160

Iridium Communications inc (IRDM) Q3 2021 Earnings Call Transcript

IRDM earnings call for the period ending September 30, 2021.

https://www.********/earnings/call-...m-communications-inc-irdm-q3-2021-earnings-c/

CEO of Iridium mentioned Zoleo has exceeded expectations:

Chris Quilty -- Quilty Analytics -- Analyst
Got you. And a question on the consumer devices. Obviously it's been very Garmin heavy in past years, you've mentioned lots of new partners. Are you seeing any of those partners that are standing out in terms of gaining traction and can you give us any color that you've gotten from your partners around use and applications whether it's mostly for the same thing, just people doing outdoors or are you seeing other upticks in the application for those personal communications devices?
Matthew J. Desch -- Chief Executive Officer
Well, I mean Garmin continues to still be the leader in that space, but they're not just a couple of products. They're expanding their portfolio of connected devices and that certainly is helping to drive in addition to driving growth in terms of where they distribute. I think the other standout lately has been ZOLEO. Really I think it's been pleasing to see how that product has taken off and I think has exceeded expectations certainly of ours if not theirs and I think that's very interesting products. But as we said, there is a number of others from Somewear and Bevy and the ACR Group. There is three or four others I know that have kind of unique channels that they go after, whether it might be a DoD application or it might be a maritime application, might be something very specific. And I think overall it just demonstrated that people want to stay connected and that there's a high demand for this. So, I think that's what sort of been the interesting thing as people have realized how important personal communications are and we've certainly seen that and are looking to play off of that.