How did Iridium's revenue and expenses shift in Q4 2024?

Iridium Communications experienced a slight increase in revenue to $614.91 million in Q4 2024, up from $460.9 million in the previous quarter. However, the cost of goods sold remained stable at $60.21 million, which is 0.23% higher than the previous quarter. The company's focus on research and development is evident with an increase in R&D expenses to $8.52 million. Sales and marketing expenses, as well as general and administrative expenses, remained at $92.14 million. The revenue shift suggests a positive market performance, while the consistent expenses indicate a strategic focus on maintaining operational efficiency. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |IRDM|IRDM.O|Iridium Communications|20240101-2024|Engineering and Support Services|1.24352E8|185| |IRDM|IRDM.O|Iridium Communications|20240101-2024|Engineering and Support Services|8.6973E7|185| |IRDM|IRDM.O|Iridium Communications|20240101-2024|Engineering and Support Services|5.6226E7|185| |IRDM|IRDM.O|Iridium Communications|20240101-2024|Engineering and Support Services|3.0408E7|185| |IRDM|IRDM.O|Iridium Communications|20240101-2024|Services|1.48577E8|185| |IRDM|IRDM.O|Iridium Communications|20240101-2024|Engineering and Support Services|3.0408E7|185| |IRDM|IRDM.O|Iridium Communications|20240101-2024|Subscriber Equipment|2.4868E7|185| |code|Ticker|Name|Date|Selling, General, and Administrative Expenses|R&D Expenses|Total Revenue|Advertising and Marketing Expenses|market_code| |---|---|---|---|---|---|---|---|---| |IRDM|IRDM.O|Iridium Communications|2024 Q1|8.6555E7|7198000|2.03853E8||185| |IRDM|IRDM.O|Iridium Communications|2024 Q2|9.7499E7|6512000|2.01067E8||185| |IRDM|IRDM.O|Iridium Communications|2024 Q3|9.5113E7|6189000|2.12771E8||185| |IRDM|IRDM.O|Iridium Communications|2024 Q4|9.2142E7|8523000|2.12991E8||185|