Board Change • Nov 22
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 • Aug 12
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: (down 100% from 2Q 2021). Net income: (up US$10.0m from 2Q 2021). Profit margin: (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 36%, compared to a 21% growth forecast for the industry in the United Kingdom. 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 • Jun 08
Senior Vice President of Engineering recently bought US$52k worth of stock On the 31st of May, Pravinchandra Desale bought around 3k shares on-market at roughly US$20.98 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$291k more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 19
Chief Financial Officer recently sold US$826k worth of stock On the 17th of May, Samuel Cochrane sold around 42k shares on-market at roughly US$19.76 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. Breakeven Date Change • May 13
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 losses will reduce by 84% to 2022. The company is expected to make a profit of US$5.62m in 2023. Average annual earnings growth of 105% is required to achieve expected profit on schedule. 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. Board Change • Mar 22
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 13% growth forecast for the industry in the United Kingdom. Board Change • Feb 15
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. Breakeven Date Change • Jan 25
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 losses will reduce by 35% per year to 2022. The company is expected to make a profit of US$3.63m in 2023. Average annual earnings growth of 91% is required to achieve expected profit on schedule. Board Change • Jan 25
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. Breakeven Date Change • Dec 28
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 losses will reduce by 35% per year to 2022. The company is expected to make a profit of US$3.63m in 2023. Average annual earnings growth of 91% is required to achieve expected profit on schedule. Board Change • Dec 28
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. 2 experienced directors. 1 highly experienced director. Independent Chair of the Board 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. Recent Insider Transactions • Dec 05
Independent Director recently bought US$254k worth of stock On the 3rd of December, Russell Jones bought around 15k shares on-market at roughly US$16.90 per share. In the last 3 months, there was an even bigger purchase from another insider worth US$824k. Insiders have collectively bought US$1.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 23
Independent Director recently bought US$824k worth of stock On the 19th of November, Gregory Waters bought around 45k shares on-market at roughly US$18.30 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$701k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 13
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). Breakeven Date Change • Nov 13
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 91% is required to achieve expected profit on schedule. Board Change • Nov 13
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 US$166k worth of stock On the 11th of March, James Ryan bought around 10k shares on-market at roughly US$16.57 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$218k more in shares than they bought in the last 12 months. 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 5% per year, which means it is well ahead of earnings. 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 1.3% decline forecast for the Communications industry in the United Kingdom. 