secret iridium numbers revealed!

Unless my senses have taken leave of me, it appears that for the 1st time ever, actual Iridium key numbers have surfaced. Courtesy of QAD.

Normally private outfits like Iridium keep such figures secret.

At first glance the sales and EBITA figures are exceptional.

Pluck out an EBITDA multiple say 10, and that would value the QAD stake at US$44 million!

But the significant growth should help things along even more.

Obviously you should not rely too much on my sub 60-second off-the-cuff analysis.