This Space Economy Stock Remains One of Just a Few Generating Positive Cash Flow
Iridium Communications (NASDAQ: IRDM) was just getting started with its new satellite constellation when the pandemic began dominating headlines and adversely affecting earnings for many companies. But Iridium's third-quarter-2020 results show that subscriber and service revenue growth are coming back.
The earnings results show that Iridium has turned out to be a resilient communications network in 2020, and the company continues to make solid progress on the bottom line as well -- a rarity among satellite operators.
The results also illustrate why Iridium remains my personal largest bet on the space economy.
Source Fool.com
