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Wireless

Sierra Wireless guides for flat FY revenues after lower Q1

Friday 10 May 2019 | 13:41 CET | News
Sierra Wireless said revenues for the first quarter fell to USD 173.8 million from 186.8 million, with gains at IoT Solutions unable to offset losses at Embedded Broadband. The adjusted EBITDA halved to USD 4.5 million from 9.0 million while the net loss widened to USD 11.2 million or USD 0.31 per diluted share, from a loss of 8.4 million and 0.23 per share. The adjusted result per share slid to a loss of USD 0.02 per diluted share from a gain of 0.09.

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Categories: Mobile & Wireless
Companies: Sierra Wireless
Countries: World
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