Sierra Wireless reports quarterly loss as expenses rise

Wed Feb 5, 2014 5:32pm EST
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Feb 5 (Reuters) - Sierra Wireless Inc , a Canadian producer of wireless communication equipment, reported a quarterly loss after incurring higher research and development expenses.

The company reported a net loss from continuing operations of $1.95 million, or 6 cents per share, in the fourth quarter ended Dec. 31, compared with a net profit of $15.5 million, or 50 cents per share, a year earlier.

Revenue rose 8 percent to $118.6 million.