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Sierra Wireless beats in Q4 with broad revenue growth

Feb. 08, 2018 5:04 PM ETSierra Wireless, Inc. (SWIR) Stock, SW:CA StockBy: Jason Aycock, SA News Editor21 Comments
  • Sierra Wireless (NASDAQ:SWIR) is down 3% in thin postmarket trading after beating on top and bottom lines in its Q4 report.
  • The company saw revenue gains across all services, with heaviest growth coming in the higher-margin areas. IoT Services got a boost from the company's acquisition of Numerex.
  • Net earnings came to $9.2M, up from a prior-year $8.8M.
  • EBITDA was $13.9M, down from the prior-year $15.5M but beating an expected $13.8M.
  • Revenue by segment: OEM Solutions, $139.8M (up 3.4%); Enterprise Solutions, $31.8M (up 52%); IoT Services, $11.9M (up 73.5%).
  • For Q1, it's guiding to revenue of $181M-$189M (above consensus for $177.6M) and EPS of $0.04-$0.10 (below consensus for $0.20); it expects Q1 to be impacted by mainly nonrecurring items.
  • Conference call with live slides to come at 5:30 p.m. ET.
  • Press release

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