Reported Earnings • Nov 16
Third quarter 2022 earnings released: US$0.26 loss per share (vs US$1.03 loss in 3Q 2021) Third quarter 2022 results: US$0.26 loss per share (improved from US$1.03 loss in 3Q 2021). Revenue: US$166.1m (up 101% from 3Q 2021). Net loss: US$10.3m (loss narrowed 73% from 3Q 2021). Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. President, CEO & Director Phil Brace was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Third quarter 2022 earnings released: US$0.26 loss per share (vs US$1.03 loss in 3Q 2021) Third quarter 2022 results: US$0.26 loss per share (improved from US$1.03 loss in 3Q 2021). Revenue: US$166.1m (up 101% from 3Q 2021). Net loss: US$10.3m (loss narrowed 73% from 3Q 2021). Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 13
Second quarter 2022 earnings released: EPS: US$0.28 (vs US$0.27 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.28 (up from US$0.27 loss in 2Q 2021). Revenue: US$188.0m (up 42% from 2Q 2021). Net income: US$10.9m (up US$20.9m from 2Q 2021). Profit margin: 5.8% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 8.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 45% per year, which means it is well ahead of earnings. Breakeven Date Change • Aug 12
Forecast breakeven date moved forward to 2022 The 10 analysts covering Sierra Wireless previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$9.15m in 2022. Earnings growth of 132% is required to achieve expected profit on schedule. Recent Insider Transactions • May 19
Chief Financial Officer recently sold €784k worth of stock On the 17th of May, Samuel Cochrane sold around 42k shares on-market at roughly €18.76 per share. This was the largest sale by an insider in the last 3 months. This was Samuel's only on-market trade for the last 12 months. Reported Earnings • May 13
First quarter 2022 earnings released: US$0.37 loss per share (vs US$0.78 loss in 1Q 2021) First quarter 2022 results: US$0.37 loss per share (up from US$0.78 loss in 1Q 2021). Revenue: US$173.0m (up 60% from 1Q 2021). Net loss: US$13.9m (loss narrowed 51% from 1Q 2021). Over the next year, revenue is forecast to grow 27%, compared to a 7.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Breakeven Date Change • Apr 27
No longer forecast to breakeven The 10 analysts covering Sierra Wireless no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$3.63m in 2023. New consensus forecast suggests the company will make a loss of US$5.78m in 2023. Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. 2 highly experienced directors. Independent Director Robin Abrams is the most experienced director on the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$2.39 loss per share (down from US$1.93 loss in FY 2020). Revenue: US$473.2m (up 5.5% from FY 2020). Net loss: US$88.7m (loss widened 27% from FY 2020). Revenue exceeded analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 24%, compared to a 6.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 05
Independent Director recently bought €225k worth of stock On the 3rd of December, Russell Jones bought around 15k shares on-market at roughly €14.97 per share. In the last 3 months, there was an even bigger purchase from another insider worth €728k. Insiders have collectively bought €1.2m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 23
Independent Director recently bought €728k worth of stock On the 19th of November, Gregory Waters bought around 45k shares on-market at roughly €16.17 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €633k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 12
Third quarter 2021 earnings released: US$1.03 loss per share (vs US$0.40 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: US$82.5m (down 27% from 3Q 2020). Net loss: US$38.4m (loss widened 165% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Breakeven Date Change • Nov 12
Forecast to breakeven in 2023 The 10 analysts covering Sierra Wireless expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$3.63m in 2023. Average annual earnings growth of 92% is required to achieve expected profit on schedule. Board Change • Nov 12
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Independent Director Thomas Sieber is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Recent Insider Transactions • Mar 17
Insider recently bought €139k worth of stock On the 11th of March, James Ryan bought around 10k shares on-market at roughly €13.85 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €181k more in shares than they bought in the last 12 months. Recent Insider Transactions • Mar 06
Chief Technology Officer recently sold €52k worth of stock On the 2nd of March, Philippe Guillemette sold around 4k shares on-market at roughly €14.05 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €263k more than they bought in the last 12 months. Recent Insider Transactions • Feb 27
Insider recently bought €60k worth of stock On the 19th of February, Marc Overton bought around 4k shares on-market at roughly €15.46 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €211k more in shares than they bought in the last 12 months. Analyst Estimate Surprise Post Earnings • Feb 25
Revenue misses expectations Revenue missed analyst estimates by 9.0%. Over the next year, revenue is forecast to grow 5.6%, compared to a 1.7% growth forecast for the Communications industry in Germany. Reported Earnings • Feb 25
Full year 2020 earnings released: US$1.93 loss per share (vs US$1.95 loss in FY 2019) The company reported a poor full year result with weaker revenues, weaker control over costs and no improvement to losses. Full year 2020 results: Revenue: US$448.6m (down 37% from FY 2019). Net loss: US$70.2m (flat on FY 2019). Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.