OverviewSuggest Edit

Sierra Wireless is a wireless communication equipment designer and manufacturer. It specializes in the Internet of Things (IoT) and M2M (machine to machine) wireless solutions. The company operates in two segments: IoT Solutions and Embedded Broadband. The IoT Solutions segment offers recurring connectivity services, cloud management software, as well as cellular modules and gateways targeted primarily at enterprises and OEMs in the IoT space. The Embedded Broadband segment provides high-speed cellular embedded modules used in non-industrial applications, including automobile, mobile computing, and enterprise networking markets.

TypePublic
Founded1993
HQRichmond, CA
Websitesierrawireless.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Dec 2019)1,280(-8%)
Job Openings16
Revenue (FY, 2019)$713.5 M(-10%)
Share Price (Sept 2020)C$13.9
Cybersecurity ratingDMore

Key People/Management at Sierra Wireless

Kent Thexton

Kent Thexton

President and CEO
Marc Overton

Marc Overton

Chief Solutions Officer & SVP, EMEA Go to Market
Jason Krause

Jason Krause

Chief Operating Officer
David McLennan

David McLennan

Chief Financial Officer
Philippe Guillemette

Philippe Guillemette

Chief Technology Officer
René Link

René Link

Chief Marketing Officer and SVP, Corporate Strategy & Go-to-Market Operations
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Sierra Wireless Office Locations

Sierra Wireless has offices in Richmond, Atlanta, Carlsbad, Paraíso and in 8 other locations
Richmond, CA (HQ)
13811 Wireless Way
Paraíso, BR
4º andar 37 Av. Paulista
Shenzhen Shi, CN
Keji South 12th Rd, Nanshan Qu
Issy-les-Moulineaux, FR
24 Boulevard des Îles
Labège, FR
308 Allée du Lac
Mougins, FR
Parc de Haute Technologie, Font de L’Orme 694-732 Avenue du Docteur Maurice Donat (Bat. 6)
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Sierra Wireless Financials and Metrics

Sierra Wireless Revenue

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Sierra Wireless's revenue was reported to be $713.51 m in FY, 2019 which is a 10.1% decrease from the previous period.
USD

Revenue (Q1, 2020)

157.6m

Gross profit (Q1, 2020)

43.6m

Gross profit margin (Q1, 2020), %

27.7%

Net income (Q1, 2020)

(22.7m)

EBIT (Q1, 2020)

(21.5m)

Market capitalization (14-Sept-2020)

506.9m

Closing stock price (14-Sept-2020)

13.9

Cash (31-Mar-2020)

70.3m

EV

527.9m
Sierra Wireless's current market capitalization is C$506.9 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

692.1m793.6m713.5m

Revenue growth, %

12%15%(10%)

Cost of goods sold

457.1m529.0m493.5m

Gross profit

234.9m264.6m220.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

186.9m201.9m203.4m173.8m191.4m174.0m157.6m

Cost of goods sold

124.8m132.6m136.2m119.2m132.4m119.0m114.0m

Gross profit

62.1m69.3m67.3m54.6m58.9m55.0m43.6m

Gross profit Margin, %

33%34%33%31%31%32%28%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

65.0m89.1m75.5m

Accounts Receivable

168.5m171.7m131.4m

Prepaid Expenses

93.0k3.9m10.4m

Inventories

53.0m50.8m54.3m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

70.6m73.4m67.5m74.1m84.8m86.9m70.3m

Accounts Receivable

166.9m170.2m173.3m151.7m151.2m130.3m122.9m

Prepaid Expenses

5.8m5.3m4.5m9.6m5.9m7.8m10.2m

Inventories

46.7m53.6m51.4m57.3m56.3m60.2m63.2m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

4.1m24.6m(70.5m)

Depreciation and Amortization

30.5m39.2m33.2m

Inventories

(6.8m)1.5m(3.7m)

Accounts Payable

(18.9m)21.9m(12.1m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(8.4m)(19.7m)(20.8m)(11.2m)(39.4m)(59.6m)(22.7m)

Depreciation and Amortization

10.7m20.4m29.8m8.4m16.5m24.6m8.5m

Inventories

6.6m(789.0k)1.3m(6.7m)(5.6m)(10.0m)(8.7m)

Accounts Payable

2.0m18.4m9.0m(15.2m)7.6m497.0k2.8m
USDFY, 2017

Revenue/Employee

563.7k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.5 x

P/E Ratio

146.1
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Sierra Wireless Operating Metrics

Sierra Wireless's Devices Sold was reported to be 176 m in FY, 2019.
FY, 2017FY, 2018FY, 2019

Networks Monitored

100 600 600

Devices Sold

130 m160 m176 m

Patents (US)

200 183 166

Patents (Foreign)

176 175 158
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Sierra Wireless Acquisitions / Subsidiaries

Company NameDateDeal Size
M2M GroupJanuary 07, 2020$20.70 m
NumerexDecember 07, 2017$107 m
MobiquiThings SASJanuary 23, 2015
Wireless Maingate ABDecember 22, 2014
In Motion TechnologyJanuary 28, 2014$21 m
AirPrimeJune 16, 2003
Accel Networks, LLC
AnyDATA Corporation
Cambridge Executive Limited
Flow Search Corp.
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Sierra Wireless Cybersecurity Score

Cybersecurity ratingPremium dataset

D

62/100

SecurityScorecard logo

Sierra Wireless Revenue Breakdown

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Sierra Wireless revenue breakdown by business segment: 47.0% from Embedded Broadband and 53.0% from IoT Services

Sierra Wireless revenue breakdown by geographic segment: 37.3% from Asia Pacific, 20.6% from EMEA and 42.1% from Americas

Sierra Wireless Online and Social Media Presence

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Sierra Wireless News and Updates

Identify Hidden Opportunities of Machine to Machine (M2M) Services Market | Verizon Communications, Sierra Wireless, Vodafone, Bharti Airtel

Evaluate your competitors and understand the business environment, gauge the potential success of your product or service to fulfil ongoing need of addressable Machine to Machine (M2M) Services Market. Posted via Industry Today. Follow us on Twitter @IndustryToday

Sierra Wireless stock heads toward lowest price since 2016 after earnings forecast cut

Sierra Wireless Inc. shares headed toward their lowest prices since early 2016 in after-hours trading Tuesday, falling more than 12% after the company slashed its annual guidance. The wireless-components company said it now expects adjusted earnings for the full year to be zero to 3 cents a share, …

Vancouver-March 25, 2019 Sierra Wireless (NASDAQ: SWIR) (TSX: SW), the leading provider of fully integrated device-to-cloud solutions for the Internet of Things (IoT), today announced that its

Sierra Wireless (NASDAQ: SWIR) (TSX: SW), the leading provider of fully integrated device-to-cloud solutions for the Internet of Things (IoT), today announced that its AirLink® MG90 High-Performance Multi-Network Vehicle Router is certified and approved for use on the UK’s Emergency Services Network…

Global E-SIM Card (Embedded SIM) Market Research Report 2019 | Industry Growth Trend, Size, Segmentation and Top Key Players – Apple Inc. (US), Samsung (KOR), Sierra Wireless, Inc (CA), NTT DOCOMO, INC. (JP) Forecast to 2023

Wiseguyreports.Com Adds “E-SIM Card (Embedded SIM) - Market Demand, Growth, Opportunities, Manufacturers and Analysis of Top Key Players to 2023” To Its Research Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Mobile M2M Module 2019 Global Market Key Players - Novatel Wireless, Huawei Technologies, Quectel Wireless Solutions, Telit Communications, ZTE, Option, Sierra Wireless......

Mobile M2M Module – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

Mobile M2M Module 2019 Global Market Key Players - Nimebelink, Gemalto, Huawei Technology, Sierra Wireless, Telit Wireless Solutions, Aeris Communications, AT&T, Encore Networks, M2M Data......

Mobile M2M Module – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2025 Posted via Industry Today. Follow us on Twitter @IndustryToday
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Sierra Wireless Frequently Asked Questions

  • When was Sierra Wireless founded?

    Sierra Wireless was founded in 1993.

  • Who are Sierra Wireless key executives?

    Sierra Wireless's key executives are Kent Thexton, Marc Overton and Jason Krause.

  • How many employees does Sierra Wireless have?

    Sierra Wireless has 1,280 employees.

  • What is Sierra Wireless revenue?

    Latest Sierra Wireless annual revenue is $713.5 m.

  • What is Sierra Wireless revenue per employee?

    Latest Sierra Wireless revenue per employee is $557.4 k.

  • Who are Sierra Wireless competitors?

    Competitors of Sierra Wireless include CalAmp, Telit Communications and Cisco.

  • Where is Sierra Wireless headquarters?

    Sierra Wireless headquarters is located at 13811 Wireless Way, Richmond.

  • Where are Sierra Wireless offices?

    Sierra Wireless has offices in Richmond, Atlanta, Carlsbad, Paraíso and in 8 other locations.

  • How many offices does Sierra Wireless have?

    Sierra Wireless has 14 offices.