Sierra Wireless Reports First Quarter 2020 Results

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Go back to Sierra Wireless Reports First Quarter 2020 Results

Sierra Wireless (SWIR) Misses Q1 EPS by 22c

May 7, 2020 4:49 PM EDT

Sierra Wireless (NASDAQ: SWIR) reported Q1 EPS of ($0.41), $0.22 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $157.6 million versus the consensus estimate of $157.68 million.

NON-GAAP RESULTS(1)

Gross margin was 27.7% in the first quarter of 2020 compared to 31.5% in the first quarter of 2019.Loss from operations was $13.8 million in the first quarter of 2020 compared to loss from operations of $0.2 million in the first quarter of 2019.Net loss was $14.7 million, or loss of $0.41 per diluted share, in the first quarter of 2020 compared to net loss of $0.9... More