Monday, November 10, 2014

Sierra Wireless, Inc. - SW.t

Sierra Wireless, Inc. - SW.t is the global leader in machine-to-machine (M2M) devices and cloud services, offering intelligent solutions that simplify the connected world.

On November 5, 2014 the company reported Numbers

VANCOUVER, BRITISH COLUMBIA - November 5, 2014 - Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today reported results for its third quarter ending September 30, 2014. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below.

"Sierra Wireless Reports Third Quarter 2014 Results

Record revenue of $143.3 million; 28% year-over-year growth

Third Quarter 2014 highlights
• Record revenue of $143.3 million, an increase of 27.6% compared to Q3 2013
• Non-GAAP earnings from operations of $8.4 million, an increase of 249% compared to $2.4 million in Q3 2013
• Adjusted EBITDA of $11.8 million, an increase of 101% compared to Q3 2013
• Non-GAAP EPS of $0.24 compared to $0.11 in Q3 2013

“In the third quarter of 2014, we leveraged our global leadership position in M2M to drive record revenue and strong profitability,” said Jason Cohenour, President and Chief Executive Officer. “In the fourth quarter, we expect to deliver continued growth in revenue and profitability.