Sierra Wireless (Nasdaq: swir, TSE: sw)

Beleggen in aandelen beurs China Shanghai Composite, Toronto, etc.
grepolis
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Re: Sierra Wireless (Nasdaq: swir, TSE: sw)

Berichtdoor grepolis » 07 Nov 2018 22:13

Ik zal wegens gebrek aan andere posters de monoloog maar verder zetten.

De voorbije weken is er heel wat nieuws te rapen over de herschikking van het management en raad van bestuur. Waarom de vorige CEO hals over kop vertrok blijft onduidelijk maar moeten we nu stilaan achter ons laten.

Morgen komen de Q3 2018 resultaten bekend...wat zijn de verwachtingen?

Ik reken op een omzet tussen 200M$ en 205M$ met Non-GAAP winst van >.20$?

De laatste dagen wordt er ook wat deals bekend gemaakt maar het is uitkijken wat de drie grote deals (waaronder VW) bijbrengt bij de omzet (en vooral naar de verwachtingen van Q4 en een tip van de sluier voor 2019). Morgen zal ik daarom met veel aandacht de conference call beluisteren...waarbij de transcript normaal al na enkele uren beschikbaar is.
Überzeugungen sind gefährlichere Feinde der Wahrheit als Lügen. Friedrich Wilhelm Nietzsche



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grepolis
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Re: Sierra Wireless (Nasdaq: swir, TSE: sw)

Berichtdoor grepolis » 13 Feb 2019 19:29

Vanavond de resultaten van Q4 en jaarresultaten van 2018. Het is vooral uitkijken naar de vooruitzichten en of hun bevoorradingsproblemen nu definitief achter de rug zijn. Langzaam moet het contract VW op snelheid komen maar het is wachten tot 2020 dat dit volledig op snelheid staat. Ze mogen ook langzaam de namen bekend maken van de andere autoconstructeur want die gaat vanaf volgend jaar ook een operationele bijdrage leveren.

De afstaffing na Q3 zal hopelijk nu achter de rug zijn? We duimen alvast.
Überzeugungen sind gefährlichere Feinde der Wahrheit als Lügen. Friedrich Wilhelm Nietzsche

grepolis
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Re: Sierra Wireless (Nasdaq: swir, TSE: sw)

Berichtdoor grepolis » 13 Feb 2019 23:03

resultaten niet overtuigend, vooruitzichten ronduit slecht en mager te noemen

Sierra Wireless Reports Fourth Quarter and Full Year 2018 Results
[Business Wire]
Business Wire•February 13, 2019

VANCOUVER, British Columbia--(BUSINESS WIRE)--

Q4 2018 revenue increased 10% to $201.4 million; and FY 2018 revenue up 15% to $793.6 million

Sierra Wireless, Inc. (SWIR) (SW.TO) today reported results for its fourth quarter and fiscal year ended December 31, 2018. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below.

“We are accelerating the transformation of the company into a global IoT solutions and services provider. We are centralizing our R&D, combining our global sales team and driving efficiency programs throughout our operations,” said Kent Thexton, President and CEO of Sierra Wireless. “As we deliver cost savings, we are investing today in innovative cellular technologies to enhance our Device To Cloud offering and drive recurring subscription-based revenue. To accomplish this, we are developing innovative technologies such as edge network software, soft-SIM capabilities, LPWA and 5G embedded modules, as well as advanced security for data management. We plan to leverage our strong device position into the mass deployment of LPWA Cat M1/NB1 this year and the roll-out of high-speed 5G technology over the next couple of years. We have much to accomplish in 2019 and I believe the company is making the right investments as we enter the next phase of global growth in the Internet of Things.”

Q4 2018 results:(1)

Revenue: $201.4 million, up 9.7%; Services delivered 12% of quarterly revenue
Earnings per Share: GAAP loss: $(0.11); Non-GAAP: $0.25
Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"): $15.3 million

FY 2018 results:(1)

Revenue: $793.6 million, up 14.9%; Services delivered 12% of annual revenue
Earnings per Share: GAAP loss: $(0.68); Non-GAAP: $0.90
Adjusted EBITDA: $55.9 million

(1) See "Non-GAAP Financial Measures" and "Reconciliation of GAAP and Non-GAAP Results by Quarter" below.

Fourth Quarter 2018

Revenue for the fourth quarter of 2018 was $201.4 million, an increase of 9.7% compared to $183.5 million in the fourth quarter of 2017. Product revenue was $178.2 million, up 5.3% year-over-year, and Services and other revenue was $23.2 million, up 63.0% compared to the fourth quarter of 2017. Quarterly revenue for the three business segments was as follows: (i) Revenue from OEM Solutions was $148.7 million in the fourth quarter of 2018, up 6.4% compared to $139.8 million in the fourth quarter of 2017; (ii) Revenue from Enterprise Solutions was $30.3 million in the fourth quarter of 2018, down 5.1% compared to $31.9 million in the fourth quarter of 2017; and (iii) Revenue from IoT Services was $22.4 million in the fourth quarter of 2018, up 89.1%, compared to $11.9 million in the fourth quarter of 2017, driven by the contribution from Numerex and organic subscriber growth.

GAAP RESULTS

Gross margin was $65.9 million, or 32.7% of revenue, in the fourth quarter of 2018 compared to $61.8 million, or 33.7% of revenue, in the fourth quarter of 2017.
Operating expenses were $70.1 million and loss from operations was $4.2 million in the fourth quarter of 2018 compared to operating expenses of $64.8 million and loss from operations of $2.9 million in the fourth quarter of 2017.
Net loss was $3.8 million, or $0.11 per diluted share, in the fourth quarter of 2018 compared to net loss of $3.5 million, or $0.11 per diluted share, in the fourth quarter of 2017.

NON-GAAP RESULTS(1)

Gross margin was 32.7% in the fourth quarter of 2018 compared to 33.8% in the fourth quarter of 2017.
Operating expenses were $55.7 million and earnings from operations were $10.2 million in the fourth quarter of 2018 compared to operating expenses of $52.5 million and earnings from operations of $9.5 million in the fourth quarter of 2017.
Net earnings were $9.0 million, or $0.25 per diluted share, in the fourth quarter of 2018 compared to net earnings of $9.2 million, or $0.28 per diluted share, in the fourth quarter of 2017.
Adjusted EBITDA was $15.3 million in the fourth quarter of 2018 compared to $13.9 million in the fourth quarter of 2017.

Cash and cash equivalents at the end of the fourth quarter of 2018 were $89.1 million, representing an increase of $21.6 million compared to $67.5 million at the end of the third quarter of 2018. The increase in cash was mainly due to lower working capital requirements, proceeds from sale of our iTank business and the absence of Numerex acquisition-related costs.

FULL YEAR 2018

Revenue for 2018 was $793.6 million, an increase of 14.9%, compared to $690.7 million in 2017. Product revenue was $699.3 million, up 8.4% year-over-year, and Services and other revenue was $94.3 million, up 108.0% compared to 2017. Annual revenue for the three business segments was as follows: (i) Revenue from OEM Solutions was $583.2 million in 2018, up 5.2% compared to $554.5 million in 2017; (ii) Revenue from Enterprise Solutions was $119.9 million in 2018, up 18.1% compared to $101.5 million in 2017; and (iii) Revenue from IoT Services was $90.5 million in 2018, up 161.0%, compared to $34.7 million in 2017, driven by the contribution from Numerex and organic subscriber growth.

GAAP RESULTS

Gross margin was $264.6 million, or 33.3% of revenue, in 2018 compared to $234.2 million, or 33.9% of revenue, in 2017.
Operating expenses were $282.8 million and loss from operations was $18.3 million in 2018 compared to operating expenses of $234.1 million and earnings from operations of $0.1 million in 2017.
Net loss was $24.6 million, or $0.68 per diluted share, in 2018 compared to net earnings of $4.5 million, or $0.14 per diluted share, in 2017.

NON-GAAP RESULTS(1)

Gross margin was 33.4% in 2018 compared to 34.0% in 2017.
Operating expenses were $229.7 million and earnings from operations were $35.3 million in 2018 compared to operating expenses of $195.1 million and earnings from operations of $39.6 million in 2017.
Net earnings were $32.4 million, or $0.90 per diluted share, in 2018 compared to net earnings of $34.5million, or $1.05 per diluted share, in 2017.
Adjusted EBITDA was $55.9 million in 2018 compared to $54.7 million in 2017.

(1) See "Non-GAAP Financial Measures" and "Reconciliation of GAAP and Non-GAAP Results by Quarter" below.

Accounting Standard Adoption

We adopted the new accounting standard for revenue recognition (ASC 606) effective January 1, 2018. Our fourth quarter and full year 2018 financial results reflect the adoption of this new standard and prior periods have been adjusted accordingly.

Financial Guidance - Full Year & Q1 2019

Given the current macro-economic environment and some weakness that we are experiencing in the automotive, enterprise networking and mobile computing markets, we provide the following quarterly and full year guidance for 2019 (see below). The company is undertaking a cost reduction program over the next 18 to 24 months while also investing in new solutions and technologies including LPWA, 5G, embedded SIM, security, and edge networking software.For the year ended December 31, 2019, we expect revenue to be flat year-over-year and Adjusted EBITDA is expected to be approximately $35.0 million. Non-GAAP net earnings per share is expected to be approximately $0.30 for Full Year 2019.

For the first quarter of 2019, we expect revenue to be in the range of $170.0 million to $174.0 million and Adjusted EBITDA to be in the range of $2.0 million to $4.0 million. Non-GAAP net loss per share is expected to be approximately $0.02 to $0.06 in the First Quarter of 2019.

This non-GAAP guidance constitutes "forward-looking statements" within the meaning of applicable securities laws and reflects current business indicators and expectations. These statements are based on management's current beliefs and assumptions, which could prove to be significantly incorrect. Forward-looking statements, particularly those that relate to longer periods of time, are subject to substantial known and unknown risks and uncertainties that could cause actual events or results to differ significantly from those expressed or implied by our forward-looking statements, including those described in our regulatory filings. See "Cautionary Note Regarding Forward-Looking Statements" below.

Analysts' Days - Toronto & London

The senior management of the company will be hosting Analysts' Days in both Toronto and London in the weeks following our First Quarter 2019 earnings release and conference call on May 9th, 2019.

Non-GAAP Financial Measures

We disclose these non-GAAP financial measures as we believe they provide useful information to investors and analysts to assist them in their evaluation of our operating results and to assist in comparisons from one period to another. Readers are cautioned that non-GAAP financial measures do not have any standardized meaning prescribed by U.S. GAAP and therefore may not be comparable to similar measures presented by other companies.

Non-GAAP gross margin excludes the impact of stock-based compensation expense and related social taxes and certain other nonrecurring costs or recoveries.

Non-GAAP earnings (loss) from operations includes allocation of realized gains or losses on forward contracts and excludes the impact of stock-based compensation expense and related social taxes, acquisition-related amortization, acquisition-related and integration costs, restructuring costs, impairment and certain other non-recurring costs or recoveries.

Non-GAAP income tax expense includes certain tax adjustments and taxes on acquisition-related amortization, acquisition-related and integration costs, restructuring costs, other non-recurring costs and foreign exchange.

In addition to the above, Non-GAAP net earnings (loss) and non-GAAP net earnings (loss) per share exclude the impact of foreign exchange gains or losses on translation of certain balance sheet accounts, foreign exchange gains or losses on forward contracts and certain tax adjustments.

We use the above-noted non-GAAP financial measures for planning purposes and to allow us to assess the performance of our business before including the impacts of the items noted above as they affect the comparability of our financial results. These non-GAAP measures are reviewed regularly by management and the Board of Directors as part of the ongoing internal assessment of our operating performance. We also use non-GAAP earnings from operations as one component in determining short-term incentive compensation for management employees.

Adjusted EBITDA is defined as net earnings (loss) plus stock-based compensation expense and related social taxes, acquisition-related and integration costs, restructuring cost, impairment, certain other nonrecurring costs or recoveries, amortization, foreign exchange gains or losses on translation of certain balance sheet accounts, unrealized foreign exchange gains or losses on forward contracts, interest and income tax expense. Adjusted EBITDA is a metric used by investors and analysts for valuation purposes and is an important indicator of our operating performance and our ability to generate liquidity through operating cash flow that will fund future working capital needs and fund future capital expenditures.
Überzeugungen sind gefährlichere Feinde der Wahrheit als Lügen. Friedrich Wilhelm Nietzsche

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Re: Sierra Wireless (Nasdaq: swir, TSE: sw)

Berichtdoor kravat » 17 Feb 2019 10:26

pakketje bijgekocht ter verlaging van gemiddelde aankoop koers.
Is ook voorbereiding uitstaproute met zo min mogelijk verlies.
Begint me wat te lang te duren.

grepolis
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Re: Sierra Wireless (Nasdaq: swir, TSE: sw)

Berichtdoor grepolis » 30 Jul 2019 21:36

Beste grappig,

Op het ex-option forum wordt er meer over SWIR gepraat dat hier...vaak zonder kennis van zaken. Enkele die de naam belegger waardig zijn kunnen wel SWIR correct positioneren zonder een waardering hierbij te plaatsen, wat ik best begrijp na de laatste kwartaalcijfers en vooruitzichten. Morgen zullen we meer weten en hopelijk brengt het de aandeelhouder wat betekenisvol perspectief. We zijn nu halfweg 2019 en tegen dan moet de VW-deal langzaam op toeren beginnen draaien. Wie de andere automotive is blijft onduidelijk al hebben ze in het verleden voldoende deals gesloten.

Voor de OPTION-speculanten die hier af en toe eens komen piepen.... SWIR is groot geworden door vooral overnames...dat uit hun winsten kwam. Het bedrijf is gegroeid naar een bedrijf van zo'n 1.500 werknemers. Option is overgenomen door Crescent en maakt nu nog steeds als verlieslatende tak van dit klein bedrijf nog steeds verlies met slechts 15 werknemers. Ruim 12 jaar geleden waren deze bedrijven even groot. Het probleem was dat op het moment dat er een synergie mogelijk was tussen wavecom en OPTION wireless beide CEO dachten dat ze onmisbaar waren voor het leiden van het bedrijf in de juiste banen. Van OPTION weten we ondertussen dat dit een fiasco was en ook Wavecom heeft moeten smeken om overgenomen te worden door SWIR (te duur) omdat ze dreigden opgeslokt te worden door Gemalto. Van al die spelers is SWIR vrij goed recht gebleven maar de versnelling ontbreekt nog. Anders gesteld het bedrijf doet het goed wat contracten en overnames betreft maar onvoldoende om als aandeelhouder tevreden te zijn. Dit staat in schril contrast bij een bedrijf als OPTION dat het uitermate slecht doet (en zelfs als tak binnen een nieuwe contstructie Crescent) maar bepaalde die de term aandeelhouder onwaardig zijn vinden dat het zelfs na 10 jaar slechts boeren nog steeds heel goed doet. Alles principes van een aandeelhoudersbedrijf zijn ondertussen overboord gegooid en tocht blijft met uit zijn nek kletsen.. handgate of cloudset ...ik weet het niet meer zo. Kortom onzin ten top. :oops:
Überzeugungen sind gefährlichere Feinde der Wahrheit als Lügen. Friedrich Wilhelm Nietzsche

grepolis
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Re: Sierra Wireless (Nasdaq: swir, TSE: sw)

Berichtdoor grepolis » 01 Aug 2019 01:20

press release SWIR over Q2 results:
Sierra Wireless logs profit beat, guides to lower revenue
Jul. 31, 2019 5:28 PM ET|About: Sierra Wireless, Inc. (SWIR)|By: Jason Aycock, SA News Editor

In a mixed report, Sierra Wireless (NASDAQ:SWIR) narrowly missed revenue expectations but topped on profits, and said it expected slightly lower revenue growth for the full year.

Shares are up 0.9% after hours.

Revenues dipped 5.2% to $191.4M, dragged by embedded broadband sales that declined thanks to weaker demand from mobile computing.

Gross margin fell to 30.8% from 34.4%.

Net earnings fell to $2.5M from $9.7M , and EBITDA dropped to $7.9M from $15.6M.

Revenue breakout: IoT Solutions, $99.1M (up 6.3%); Embedded Broadband, $92.2M (down 15.1%).

Cash and equivalents were $84.8M, up $10.6M Q/Q thanks to operating cash flow that included receivable purchase agreement proceeds of $16.5M.

For the full year, it's maintaining guidance for EBITDA of about $#5M and EPS of $0.30-$0.35.

"We now expect consolidated revenue to be slightly lower year over year due to weaker global demand in automotive combined with delays in the launch of new automotive programs, partly offset by growth in higher margin IoT Solutions," the company says.


Indrukwekkend is dit niet te noemen maar gelukkig behouden ze wat strategische cash. Guidance ontbreekt op korte termijn maar wat ze in de Q&A lieten verstaan is het voor het volgend kwartaal ook niet zo bijzonder...vooral OEM.
Überzeugungen sind gefährlichere Feinde der Wahrheit als Lügen. Friedrich Wilhelm Nietzsche

grepolis
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Re: Sierra Wireless (Nasdaq: swir, TSE: sw)

Berichtdoor grepolis » 11 Aug 2019 12:21

Voor wie mee interesse waar Sierra Wireless mee bezig is als bedrijf, organisatie en strategie naar klanten toe...dan is deze investor day van juni best wel interessant. Maar weet dat dit bedrijf nog wel een hele weg heeft af te leggen. Uit hetgeen ik hier hoor zou er een versnelling kunnen komen in 2021. De verwachting van het bedrijf is dat ze in 2023/2024 een omzet gaan realiseren van 1.25 miljard dollar. Nu zitten ze aan 800 M euro (dus een omzetstijging van 50%). Het feit dat ze ook de onkosten nog meer onder controle trachten te krijgen is gunstig maar het managementteam begint wel zwaar door te wegen...opletten dat er geen waterhoofd ontstaat in het bedrijf.

Hier kan je de afzonderlijke presentaties bekijken
https://www.sierrawireless.com/landing/ ... entations/

Maar als je je registreert kan je ook de integrale versie van 3 uur bekijken (er zijn wel verschillende pauzes bij van ik schat in totaal 40 minuten dus is het maar 2u20 te beluisteren met ppt-presentatie.
https://business.financialpost.com/pmn/ ... -june-11th
Überzeugungen sind gefährlichere Feinde der Wahrheit als Lügen. Friedrich Wilhelm Nietzsche


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