shares of iridium fell nearly 12 after the satellitecommunications company swung to a secondquarter loss and said it will take time to see meaningful directtodevice sales the stock fell almost 12 to 5288 in morning trading over the past 12 months shares are still up almost 33 iridium reported a quarterly loss of 307 million or 24 cents a share compared with a profit of 46 million or four cents a share in the same period last year analysts surveyed by factset were expecting a profit of four cents a share sales rose 10 to 1931 million below the 1984 million that analysts expected according to factset chief executive matt desch said on a conference call that it will take time for the company to see meaningful revenue from its business of providing service directly to smartphones and other devices we believe the near to midterm opportunity is in sos like the service being pioneered by apple with the iphone 14 and that we plan to support for the android ecosystem he said write to will feuer at willfeuerwsjcom