Adjusted EBITDA of $1bn representing 62.6% margin with recurring operating expenses was reduced 3.7% year-on-year.
financial results
The increase in net loss was primarily the result of debt extinguishment costs associated with Iridium’s refinancing of its senior unsecured notes.
The company posted $18.5 million in revenue for the six months ended June 30, 2016, an increase of 7% compared to $17.4 million for the same period last year
