Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Iridium Communications / Equity Bottom-Up

<ul><li>Iridium Communications' latest financial results reveal a mixture of progress and challenges as the company navigates market dynamics and geopolitical shifts.</li><li>Service revenue has witnessed modest growth due to subscriber base expansion and the introduction of new services, such as Iridium PNT.</li><li>There is impetus seen across most of Iridium's product lines, with partners projecting optimism about the prospects of new offerings.</li></ul>

Iridium Communications' latest financial results reveal a mixture of progress and challenges as the company navigates market dynamics and geopolitical shifts.Service revenue has witnessed modest growth due to subscriber base expansion and the introduction of new services, such as Iridium PNT.There is impetus seen across most of Iridium's product lines, with partners projecting optimism about the prospects of new offerings.

Iridium Communications: How Well Will Its Network & Satellite Operations Support Global Connectivity Solutions?

<ul><li>Iridium Communications concluded the fourth quarter of 2024 on a strong note, with robust financial growth and strategic advancements across several segments.</li><li>This performance positions the company well as it prepares for 2025, overcoming previous headwinds and adjusting its business strategies.</li><li>On the financial front, Iridium reported that service revenues met projections, and operational EBITDA surpassed annual forecasts, highlighting their effective cost management and strategic focus.</li></ul>

Iridium Communications concluded the fourth quarter of 2024 on a strong note, with robust financial growth and strategic advancements across several segments.This performance positions the company well as it prepares for 2025, overcoming previous headwinds and adjusting its business strategies.On the financial front, Iridium reported that service revenues met projections, and operational EBITDA surpassed annual forecasts, highlighting their effective cost management and strategic focus.

Iridium Communications: 7 Major Game-Changers Impacting Its 2025 Performance & Beyond!

<ul><li>Iridium Communications, a prominent player in the satellite communications sector, reported their third-quarter 2024 earnings, showing a strong performance reflected by growth in revenue and subscriber numbers.</li><li>This positions them to meet the upper range of their full-year guidance.</li><li>The company has effectively carved a niche in the IoT and mobility applications markets, generating significant cash flows while exploring new ventures like PNT (Positioning, Navigation, and Timing) and directed device applications.</li></ul>

Iridium Communications, a prominent player in the satellite communications sector, reported their third-quarter 2024 earnings, showing a strong performance reflected by growth in revenue and subscriber numbers.This positions them to meet the upper range of their full-year guidance.The company has effectively carved a niche in the IoT and mobility applications markets, generating significant cash flows while exploring new ventures like PNT (Positioning, Navigation, and Timing) and directed device applications.

Iridium Communications Inc.: The Expansion In IoT

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

<ul>
<li>Starlink’s Direct-to-Phone Semiconductor Integration Push Signals a Major Shift Coming for Telecom</li>
<li>Direct-To-Satellite Connectivity Could Become Critical for a Market-Competitive Smartphone SoC Design</li>
<li>Leadership in Satellite Connectivity Will Soon Mean Leadership in Smartphone SoCs</li>
</ul>


Starlink’s Direct-to-Phone Semiconductor Integration Push Signals a Major Shift Coming for Telecom
Direct-To-Satellite Connectivity Could Become Critical for a Market-Competitive Smartphone SoC Design
Leadership in Satellite Connectivity Will Soon Mean Leadership in Smartphone SoCs


MediaTek: Satellite Connectivity the Next Strategic Battleground for Mobile SoCs (Structural Long)

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Independent Stock Specific Research

BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

<ul>
<li>IRDM started 2024 with changes to its reporting metrics and that trend continued when with Q3. </li>
<li>When IRDM reported third quarter 2024 results, the Company disclosed it would experience a decline in reported IOT subscriber metrics.   </li>
<li>The change subscriber count would not impact IRDM’s revenue due to contract pricing. It could create negative headwind in 2025</li>
</ul>


IRDM started 2024 with changes to its reporting metrics and that trend continued when with Q3. 
When IRDM reported third quarter 2024 results, the Company disclosed it would experience a decline in reported IOT subscriber metrics.   
The change subscriber count would not impact IRDM’s revenue due to contract pricing. It could create negative headwind in 2025


United States

Iridium Communications, Inc. offers mobile satellite communications services. The Company's satellites operate in a low-earth orbit and provide 100% global coverage.  Iridium Holdings offers voice and data communications services to the United States and foreign governments; businesses; non-governmental organizations; and consumers.

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Iridium Communications (IRDM US)

Iridium Communications: How Well Will Its Network & Satellite Operations Support Global Connectivity Solutions?

Iridium Communications' latest financial results reveal a mixture of progress and challenges as the company navigates market dynamics and...

Baptista Research

Iridium Communications: 7 Major Game-Changers Impacting Its 2025 Performance & Beyond!

Iridium Communications concluded the fourth quarter of 2024 on a strong note, with robust financial growth and strategic advancements across...

Baptista Research

Iridium Communications Inc.: The Expansion In IoT

Iridium Communications, a prominent player in the satellite communications sector, reported their third-quarter 2024 earnings, showing a strong...

Baptista Research

MediaTek: Satellite Connectivity the Next Strategic Battleground for Mobile SoCs (Structural Long)

Push by Starlink to engage with chipmkers for direct to satellite technology in smartphones could revolutionize the telecom industry by making...

Vincent Fernando, CFA

IRDM: The Matrix of Metric Changes

IRDM disclosed its IOT subscriber count could decline or experience smaller net adds from a change at its largest IOT partner. The optics from such...

BWS Financial Inc

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