![]() government remains an important cornerstone of our service revenue, and we expect to grow our business with them. Beyond commercial safety, business in general aviation, rotorcraft, and drones, all provide upside to our broadband business, which we feel very good about. We are actively working on our opportunities in aviation and continue to expect new terminals for that market we'll launch in the later part of this year. We're also seeing a rise in ARPU as Iridium Certus's faster speeds drive greater use and increasingly represent a growing mix of our broadband revenue compared to legacy Iridium OpenPort terminals. The maritime environment is improving for us as most countries have returned to normal business operations. Broadband also continues its growth trajectory. And while that's a really strong number for the first quarter, it could have been even higher if we could have shipped more equipment.Īnd on that front, we expect to be in a position to catch up to the growing demand later in the year. Commercial IoT activations were 50,000 this quarter. IoT continued to experience strong demand, driven in part by the growing array of personal satellite messaging devices that operate on our network. This is a function of a number of factors, including the quality of our offering with growing momentum from PTT, some supply issues apparently being experienced by competitors and, of course, increased demand related to Ukraine. In land/mobile, demand for handsets, which has long been the foundation of our commercial business, continues at a very strong pace. At a high level, the business environment continues to improve, and our primary business lines are firing on all cylinders. As you saw in our press release this morning, Iridium's first-quarter results maintained the momentum we experienced last year. The space and satellite industry is quite vibrant and optimistic right now, and I'm proud that Iridium is right in the middle of that dynamic as a clear leader.Ģ022 promises to be another good year of growth for Iridium, and we're off to a very strong start. where attendance was strong, approaching pre-pandemic levels, and we had a lot of very productive discussions with many in the industry. Last month, my team and I were active at both investor and industry conferences, including the big Satellite show in Washington, D.C. It feels like things are getting back to normal, though the war in Ukraine shows us that none of us can take anything for granted. ![]() ![]() Like many of you, we're back in the office collaborating with team members, meeting with business partners, and starting to travel for conferences. As you can see, 2022 is off to a strong start. Matt Desch - Director and Chief Executive Officer ![]()
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