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Sierra Wireless

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, CAMap
Websitesierrawireless.com
Employee Ratings3.4More
Overall CultureB+More
View Jobs (31)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)1,280(-8%)
Job Openings31
Revenue (FY, 2019)$713.5 M(-10%)
Share Price (Nov 2021)C$23.3(+17%)
Cybersecurity ratingDMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Sierra Wireless

Phil Brace

Phil Brace

President and CEO
Marc Overton

Marc Overton

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

Jason Krause

Sr. Vice President & Executive Advisor to the CEO
Philippe Guillemette

Philippe Guillemette

Chief Technology Officer
Samuel Cochrane

Samuel Cochrane

Chief Financial Officer
Jennifer Farac

Jennifer Farac

General Counsel & Corporate Secretary
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Sierra Wireless Office Locations

Sierra Wireless has offices in Richmond, Atlanta, São Paulo, Shenzhen Shi and in 9 other locations
Richmond, CA (HQ)
13811 Wireless Way
São Paulo, BR
Av. Paulista, 37 - 4º Andar - Bela Vista
Shenzhen Shi, CN
building tower d, 7-19 Kefa Rd, Nanshan Qu
Issy-les-Moulineaux, FR
24 Boulevard des Îles
Labège, FR
308 Allée du Lac
Mougins, FR
694 Av. Maurice Donat
Show all (13)

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 (10-Nov-2021)

857.7m

Closing stock price (10-Nov-2021)

23.3

Cash (31-Mar-2020)

70.3m

EV

878.7m
Sierra Wireless's current market capitalization is C$857.7 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%
show all
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
show all
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
show all
USDFY, 2017

Revenue/Employee

563.7k

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

1.5 x
Show all financial metrics

Sierra Wireless Operating Metrics

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

Networks Monitored

100600600

Devices Sold

130 m160 m176 m

Patents (US)

200183166

Patents (Foreign)

176175158
Show all operating metrics

Sierra Wireless Acquisitions / Subsidiaries

Company NameDateDeal Size
M2M GroupJanuary 07, 2020$20.7 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 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: 42.1% from Americas, 20.6% from EMEA and 37.3% from Asia Pacific

Sierra Wireless Cybersecurity Score

Cybersecurity ratingPremium dataset

D

64/100

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Sierra Wireless Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

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Sierra Wireless Online and Social Media Presence

Sierra Wireless's Trends

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Sierra Wireless Company Culture

  • Overall Culture

    B+

    74/100

  • CEO Rating

    A+

    87/100

  • Compensation

    A+

    86/100

  • Diversity

    B

    74/100

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Sierra Wireless News and Updates

January 22, 2021

Stocks making the biggest moves in the premarket: IBM, Sierra Wireless, Intuitive Surgical & more

Names on the move ahead of the open.
January 12, 2021

Sierra Wireless Selects Zenoss for Intelligent IoT Systems Monitoring

AUSTIN, Texas, Jan. 12, 2021 /PRNewswire/ -- Zenoss Inc., a leader in intelligent application and service monitoring, today announced Sierra Wireless, a leading IoT solutions provider, has selected Zenoss Cloud for a customizable single view of its growing and increasingly complex hybrid...
November 02, 2020

At 27.36% of CAGR, eSIM Market is Reaching $2,282.27 Million of Industry Revenue by 2027 - NXP Semiconductor N.V., Sierra Wireless Inc., STMicroelectronics N.V., TelefónicaS.A., Vodafone Group

eSIM Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Application (Connected Cars, Laptops and Tablets, M2M, Smartphones, Wearables, Others); Vertical (Automotive, Energy and Utilities, Manufacturing, Retail, Consumer Electronics, Transportation and Logistics, Others) Posted via Ind…
October 22, 2020

Asia Pacific Automotive Usage-Based Insurance (UBI) Market to See Profit with an increasing CAGR Value of 25.9% during 2020-2027| Allianz SE, Assicurazioni Generali S.p.A., AXA SA, Sierra Wireless

Automotive UBI market in the Asia Pacific is expected to grow from US$ 1.71 Bn in 2018 to US$ 13.57 Bn by the year 2027 with a CAGR of 25.9% from the year 2019 to 2027. Posted via Industry Today. Follow us on Twitter @IndustryToday
October 19, 2020

Sierra Wireless debuts a multi-network 5G hotspot for public safety agencies

The AirLink MG90 5G will let first responders, mass transit providers, and businesses opportunistically switch between 5G networks to guarantee reliability.
August 07, 2020

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
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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 Phil Brace, 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 Cisco, Telit Communications and CalAmp.

  • 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, São Paulo, Shenzhen Shi and in 9 other locations.

  • How many offices does Sierra Wireless have?

    Sierra Wireless has 13 offices.