Company: IRDM
Filing Date: 2025-04-22
Form Type: 10-Q
Source: 0001628280-25-018712
Chunk: 8

Company: Iridium Communications Inc.
Filing Date: 2025-04-22
Form: 10-Q
Item: Part I, Item 8
Chunk 8
---
.

3. Cash and Cash Equivalents

Cash and Cash EquivalentsThe following table presents the Company’s cash and cash equivalents:March 31, 2025December 31, 2024Recurring FairValue Measurement (In thousands) Cash and cash equivalents: Cash$18,591 $16,913  Money market funds32,308 76,613 Level 2Total cash and cash equivalents$50,899 $93,526  

 4. Intangible Assets and Goodwill

Intangible Assets

The following table presents identifiable intangible assets: March 31, 2025UsefulLifeGrossCarrying ValueAccumulatedAmortizationNetCarrying Value (In thousands)Indefinite life intangible assets: Trade namesIndefinite$21,195 $— $21,195 Spectrum and licensesIndefinite14,030 — 14,030 Total 35,225 — 35,225 Definite life intangible assets: Intellectual property20 years16,439 (11,529)4,910 Patents14 - 20 years587 (219)368 Customer relationships12 years57,000 (7,614)49,386 Total 74,026 (19,362)54,664 Total intangible assets $109,251 $(19,362)$89,889 

9

 December 31, 2024UsefulLifeGrossCarrying ValueAccumulatedAmortizationNetCarrying Value (In thousands)Indefinite life intangible assets: Trade namesIndefinite$21,195 $— $21,195 Spectrum and licensesIndefinite14,030 — 14,030 Total 35,225 — 35,225 Definite life intangible assets: Intellectual property20 years16,439 (11,420)5,019 Patents14 - 20 years587 (209)378 Customer relationships12 years57,000 (6,745)50,255 Total 74,026 (18,374)55,652 Total intangible assets $109,251 $(18,374)$90,877 

Amortization expense was $1.0 million and $0.1 million for the three months ended March 31,