Sierra Wireless Reports Second Quarter 2020 Results
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Sierra Wireless (SWIR) Tops Q2 EPS by 5c, Revenues Beat
August 6, 2020 6:51 AM EDTSierra Wireless (NASDAQ: SWIR) reported Q2 EPS of ($0.30), $0.05 better than the analyst estimate of ($0.35). Revenue for the quarter came in at $144.06 million versus the consensus estimate of $143.27 million.
NON-GAAP RESULTS(1)
Gross margin was 31.8% in the second quarter of 2020 compared to 30.8% in the second quarter of 2019.Loss from operations was $10.0 million in the second quarter of 2020 compared to earnings from operations of $3.4 million in the second quarter of 2019.Net loss was $11.1 million, or loss of $0.30 per diluted share, in the second quarter of 2020 compared to net earnings of $2.5 million,... More