Sierra Wireless (NASDAQ: SWIR) reported Q1 EPS of $0.09, $0.02 better than the analyst estimate of $0.07. Revenue for the quarter came in at $186.9 million versus the consensus estimate of $185.09 million.

NON-GAAP RESULTS(1)

• Gross margin was 33.4% in the first quarter of 2018, compared to 34.5% in the first quarter of 2017.
• Operating expenses were $58.6 million and earnings from operations were $3.8 million in the first quarter of 2018, compared to operating expenses of $46.4 million and earnings from operations of $9.2 million in the first quarter of 2017.
• Net earnings were $3.3 million, or $0.09 per diluted share, in the first quarter of 2018, compared to net earnings of $7.8 million, or $0.24 per diluted share, in the first quarter of 2017.
• Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") were $9.0 million in the first quarter of 2018, compared to $12.6 million in the first quarter of 2017.

Financial Guidance

For the second quarter of 2018, we expect revenue to be in the range of $195 million to $203 million and non-GAAP earnings per share to be in the range of $0.17 to $0.25.

GUIDANCE:

Sierra Wireless sees Q2 2018 EPS of $0.17-$0.25, versus the consensus of $0.20. Sierra Wireless sees Q2 2018 revenue of $195-203 million, versus the consensus of $196.05 million.

For earnings history and earnings-related data on Sierra Wireless (SWIR) click here.