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Sierra Wireless has launched its EM92 Series 5G modules, enabling connectivity with DISH Wireless' SMART 5G™ network via Band N70. These next-gen modules, featuring 3GPP Release 16 capabilities, aim to support demanding industrial applications with high-speed, low-latency secure connectivity. They offer global compatibility with 68 bands and are designed for ease of integration into various products. The modules will be commercially available by the end of Q3 2022, further facilitating IoT innovation and enhancing operational efficiency for users.
Sierra Wireless (NASDAQ: SWIR) has announced that its AirLink® XR Series routers, including the XR90, XR80, and XR80 LTE, are now certified for use on the UK's Emergency Services Network (ESN). This network is expected to connect 300,000 emergency personnel and 45,000 vehicles, providing them with secure communication for real-time data and video sharing. The routers support advanced 4G LTE and 5G connectivity, ensuring mission-critical services can access vital information swiftly. Sierra Wireless has a strong foothold in public safety, already serving numerous organizations in the United States.
Sierra Wireless (NASDAQ: SWIR) will announce its financial results for the first quarter ending March 31, 2022, on May 11, 2022, at 5:30 p.m. Eastern Time. President and CEO Phil Brace and CFO Sam Cochrane will host a conference call and webcast to discuss the results. Interested participants can join the call by dialing 1-877-201-0168 or through the webcast link. The event is an opportunity for investors and analysts to gain insights into the company’s performance and strategy in the IoT market.
Sierra Wireless (NASDAQ: SWIR) has announced a strengthened partnership with Orange Wholesale France, enhancing its global and European connectivity coverage. The collaboration builds on their original 2021 agreement, aimed at improving IoT connectivity through Smart Connectivity services, with access to over 600 partner networks across 190 countries. This partnership allows for diverse data usage scenarios and aims to provide customers with innovative IoT solutions, ensuring high performance and global reach.
Sierra Wireless (NASDAQ: SWIR) has finalized the sale of its Omnilink offender monitoring business for US$37.6 million in cash to Sentinel Advantage LLC. This transaction allows Sierra to divest a non-core asset and enhance its balance sheet. In 2021, Omnilink generated revenues of US$13.1 million. Post-sale, Sierra will continue providing connectivity services to Omnilink and approximately 27 employees will transfer to Sentinel. The company will share further details during its earnings call on May 11, 2022.
Sierra Wireless (NASDAQ: SWIR) has expanded its partnership with T-Mobile to enhance its Smart Connectivity service in the US. This agreement integrates multi-band 5G and 4G LTE connectivity for IoT applications including security and telehealth. The addition of Low Power Wide Area (LPWA) technology aims to reduce costs and improve operational efficiency for customers. The LPWA IoT connections are expected to grow to 4 billion by 2030, aligning with the increasing demand for low power, long-distance communication solutions.
Sierra Wireless (NASDAQ: SWIR) has launched a new global Private APN solution that simplifies staging, enabling swift deployment for IoT applications. This innovative solution eliminates the need for multiple SKU configurations, allowing for a single APN to be translated into various private APNs within Sierra's network. By integrating Affirmed Networks’ virtualized packet core gateway, Sierra Wireless enhances flexibility and security, meeting diverse customer requirements effectively. The new solution is now commercially available, aiming to accelerate IoT adoption.
Sierra Wireless reported Q4 2021 revenue of $149.9 million, a 24.4% increase year-over-year, driven by strong demand and improved manufacturing flexibility. However, gross margin decreased to 32.5% from 36.0% due to higher component costs. The company posted a net loss from continuing operations of $11.8 million, slightly worse than the previous year. Adjusted EBITDA was $7.3 million, a recovery from a loss in Q4 2020. For fiscal 2021, revenue rose 5.5% to $473.2 million, despite challenges from COVID-19-related manufacturing constraints.
Sierra Wireless (NASDAQ: SWIR) will report financial results for Q4 and the year ending December 31, 2021, on February 22, 2022. A conference call with President and CEO Phil Brace and CFO Sam Cochrane will follow at 5:30 p.m. ET. To join the call, dial 1-877-201-0168 (toll-free) or 1-647-788-4901 (alternate) and use Conference ID: 5297312. A webcast will also be available online. Sierra Wireless is a leading IoT solutions provider focused on enhancing operational efficiency and offering industry-specific solutions for connected devices.
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