Joining me on this morning's call are our CEO, Matt Desch and our CFO, Tom Fitzpatrick.
Good morning and welcome to Iridium's second quarter 2021 earnings call.
I would now like to turn the conference over to Ken Levy, Vice President of Investor Relations. Please note, today's event is being recorded. After today's presentation, there will be an opportunity to ask questions. All participants will be in listen-only mode. Good day and welcome to the Iridium Communications' second quarter earnings conference call. Tom Fitzpatrick - Chief Financial Officer, Chief Administrative Officer Ken Levy - Vice President of Investor Relations ( NASDAQ: IRDM) Q2 2021 Results Earnings Conference Call J8:30 AM ET For more information about Iridium products, services and partner solutions, visit Communications Inc. is headquartered in McLean, Va., U.S.A., and its common stock trades on the Nasdaq Global Select Market under the ticker symbol IRDM.
In 2019, the company completed a generational upgrade of its satellite network and launched its new specialty broadband service, Iridium Certus ®. Together with its ecosystem of partner companies, Iridium delivers an innovative and rich portfolio of reliable solutions for markets that require truly global communications. Iridium enables connections between people, organizations and assets to and from anywhere, in real time. Iridium ® is the only mobile voice and data satellite communications network that spans the entire globe. The combination of Iridium's unique coverage, small-form-factor devices and network of over 450 partners around the world, gives the company unique insight to off-the-grid trends and the positive role played by satellite communications.įor more information about Iridium, visit: About Iridium Communications Inc. Iridium operates the world's only completely global satellite constellation and supports nearly 1.4 million customers around the world. The analysis used GPS boundary information for each national park and satellite geolocation to determine levels of Iridium subscriber visits on a per-month basis. Monthly analysis of the combined top 10 most visited national parks in the United States and year-over-year Iridium subscriber visitation. It makes sense that people are taking up activities that let them safely enjoy the summer and our nation's natural beauty."
"So many of us really have not been able to go to restaurants, concerts, the gym, movie theaters and so many other places. "As the leading provider of personal satellite communication devices for consumers, it's good to see people escaping their work-from-home confinement and getting truly socially distanced into the wild," said Iridium CEO Matt Desch. The data correlates with assumptions that as parts of the United States began to emerge from COVID-19-based quarantines, previously cooped-up individuals and families engaged in new ways to socially distance and enjoy the outdoors. A dramatic swing then took place over the following four months, showing gradual increases as restrictions loosened, culminating in the large increases in July and August activity. At the start of nationwide quarantines and lockdowns in much of the United States, Iridium saw substantial decreases in subscriber numbers and traffic at these parks, several of which were closed to new visitors for a month or more, resulting in an April decline of 41% year-over-year. The top national parks included in the analysis, based on publicly available 2019 visitor numbers, are Acadia, Glacier, Grand Canyon, Grand Teton, Great Smoky Mountains, Olympic, Rocky Mountain, Yellowstone, Yosemite and Zion.