February 9, 2012 / 10:08 PM / 6 years ago

Sierra Wireless posts fourth straight quarterly loss

(In U.S. dollars)

TORONTO, Feb 9 (Reuters) - Mobile modem maker Sierra Wireless posted a fourth straight quarterly loss on Thursday and revenue also fell from a year earlier as sales to former customers Barnes & Noble and Clearwire evaporated.

The Vancouver-based company reported a net loss of $13.7 million, or 44 cents a share, on revenue of $147.2 million. In the year-before quarter it eked out a profit of $800,000, or 3 cents a share, on sales of $167.2 million.

The company said it had adjusted earnings of 8 cents a share.

It said it expects no sales growth in the current quarter and net earnings of between $2 million and $3 million, or 6 to 10 cents a share.

Sierra hopes its AirCard USB modem becomes popular with wireless network operators that are launching next-generation LTE service. It struggled this year to recover from the lost business from Barnes & Noble’s e-book readers and from cellular service provider Clearwire. (Reporting by Alastair Sharp; Editing by Peter Galloway)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below