Log in

View Full Version : Sierra Wireless Revenue Grows By 108%

Mike Temporale
01-27-2005, 06:45 PM
<div class='os_post_top_link'><a href='http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20050126005892&newsLang=en' target='_blank'>http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20050126005892&newsLang=en</a><br /><br /></div><i>"Sierra Wireless, Inc. is reporting fourth quarter results, including revenue of $58.8 million, a profit of $7.3 million and positive cash flow from operations. The company is also reporting 2004 revenues of $211.2 million and net earnings of $24.9 million. "2004 was a year of extraordinary growth and profitability for Sierra Wireless. Revenues for the year of $211.2 million were up 108% over 2003, while earnings were $24.9 million, up from $2.3 million the previous year. We have enjoyed strong demand for our PC card and embedded module products, particularly in North America. Revenues for the fourth quarter were up 70%, compared to the same quarter in 2003, while earnings were $7.3 million, up from $1.9 million. Our channel partners reported a record level of sell through to end customers for the fourth quarter", said David Sutcliffe, Chairman and Chief Executive Officer. "After more than doubling revenues in 2004, we expect 2005 sales to get off to a considerably slower start. We continue to make aggressive investments in product and market development to provide the foundation for further profitable growth. Our major product and market development investments include UMTS/HSDPA PC Cards, CDMA EVDO embedded modules and PC Cards, and Voq Professional Phones."</i><br /><br /><img src="http://www.smartphonethoughts.com/images/Temporale-20050227-SierraWirelessLogo.gif" alt="User submitted image" title="User submitted image"/> <br /><br />Ok, so the 108% revenue growth isn't solely due to the Voq Professional phone, but it did play a part in it. We just don't know how big a part. :wink: I hope that Sierra is working on a killer follow up to the Voq Pro, because I would be interested in a smaller lighter Voq. :D

Kris Kumar
01-27-2005, 08:03 PM
The future as forecast by the company is not good...

Sierra Wireless plunges on "bombshell" forecast (http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh35966_2005-01-27_17-02-34_n27668977_newsml)

I am hoping it is because they are going back to the drawing board and designing good products, and a Smartphone that appeals to everyone.