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Sierra Wireless Inc. T.SW


Primary Symbol: SWIR

Sierra Wireless Inc is a wireless communication equipment designer and provider of Device-To-Cloud Internet-of-Things solutions. The company's product and services portfolio contain products such as high-speed cellular modules and services such as connectivity services, cloud platforms, and cellular gateways, among others. It operates through two business segments: Internet of Things solutions and Embedded broadband. The vast majority of revenue comes from the company's embedded broadband segment, and more than half of its revenue is earned in the Americas and Asia-Pacific region.


NDAQ:SWIR - Post by User

Bullboard Posts
Comment by Jmark1on May 03, 2010 9:55pm
802 Views
Post# 17058721

RE: Make sense ? NOT..!!!!

RE: Make sense ? NOT..!!!!Where did you see the good results?

They lost money again and using GAAP accounting it doesn't look like they will make a profit any time soon.
Yet they continue to make $$ and put money in the bank when using non-GAAP accounting.

This whole issue of GAAP seems to be crazy, and makes things confusing when trying to compare companies.

Excerpt from PR.

On a GAAP basis, gross margin was 30.6 per cent in the first quarter of2010, compared with 28.3 per cent in the same period of 2009. Operatingexpenses were $50.8-million and loss from operations was $4.5-million inthe first quarter of 2010, compared with $41.8-million and a loss fromoperations of $10.3-million in the same period of 2009. The company'snet loss was $7.5-million, or loss per share of 24 cents, compared with anet loss of $23.7-million, or loss per share of 76 cents, in the firstquarter of 2009.

On a non-GAAP basis, gross margin in the first quarter of 2010 was 30.7per cent, compared with 28.4 per cent in the first quarter of 2009.Operating expenses and earnings from operations were $42.3-million and$4.1-million, respectively, compared with $29.4-million and$2.2-million, respectively, in the first quarter of 2009. Net earningswere $4.1-million, or 13 cents per diluted share, compared with netearnings of $2.5-million, or eight cents per diluted share, in the firstquarter of 2009.

So did they make money or not ?

John

Bullboard Posts