Iridium Satellite LLC announced financial results for the quarter ended September 30, 2008, showing 309,000 global subscribers, revenue of $88.2 million, and net income of $16.9 million. The subscriber total is an increase of 37 percent over the September 30, 2007 report (225,000). The revenue increased from the earlier year's number of $74.2 million, or an increase of 19 percent. Revenue in the first nine months of 2008 was $244.2 million, a 26 percent increase over $193.6 million for the comparable period in 2007. The firm showed revenue growth in its various different segments, including land-based, maritime, aviation, machine-to-machine, and government areas.
Iridium Satellite LLC (www.iridium.com)