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.

Independent Stock Specific Research

IRDM: Accounting and Competition, Downgrading

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

Iridium Communications / Equity Bottom-Up

<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


Iridium Communications

IRDM: The Matrix of Metric Changes