Technology Blog

- Exceeded earnings guidance for the quarter on record revenue and lower non-GAAP operating expenses - Record quarterly revenue of $159.1 million, up 18% compared to the second quarter of 2009 - GAAP loss from operations of $3.5 million and loss per share of $0.28 - Non-GAAP earnings from operations of $4.7 million and non-GAAP diluted earnings per share of $0.14 TSX: SW NASDAQ: SWIR VANCOUVER, July 29 /PRNewswire-FirstCall/ - Sierra Wireless, Inc. (NASDAQ: SWIR, TSX: SW) today reported second quarter 2010 results. 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. Revenue for the second quarter of 2010 was $159.1 million, an increase of 18% compared to $135.3 million in the second quarter of 2009 and an increase of 5% compared to $151.3 million in the first quarter of 2010. Our record revenue was driven by strong demand for both Machine-to-Machine ("M2M") and Mobile Computing produc