Sierra Wireless Inc Reports Second Quarter 2019 Results
Sierra Wireless, Inc.this week reported results for its second quarter ended June 30, 2019. Revenue for the second quarter of 2019 was $191.4 million compared to $201.9 million in the second quarter of 2018. Quarterly revenue for our two business segments was as follows: (i) Revenue from IoT Solutions was $99.2 million in the second quarter of 2019, up 6.3% compared to $93.3 million in the second quarter of 2018 driven by strong sales of Airlink gateway products and managed connectivity services; and (ii) Revenue from Embedded Broadband was $92.2 million in the second quarter of 2019, down 15.1% compared to $108.6 million in the second quarter of 2018 mainly due to weaker demand from mobile computing.
“I’m pleased that we delivered solid earnings results in the Second Quarter,’” said Kent Thexton, President and CEO of Sierra Wireless. “We are building a strong and growing funnel of customer opportunities in IoT Solutions and are continuing to make good progress as we transform the business.”