Sierra Wireless profited by $11.5 million in its fourth fiscal quarter of 2007 with record revenue of $135.6 million, officials in Vancouver, B.C. said yesterday.
The mobile connectivity specialist’s current quarter results trounced its own Q4 2006 results, when it profited by just $2.4 million on $68.3 million of revenue.
For the year, Sierra made $32.5 million, with revenue of $439.9 million. That’s up from merely $9.8 million profit on $221.3 million in 2006.
But the numbers don’t tell the whole story. “We experienced continued strong momentum in our business and achieved record quarterly revenue and earnings, in spite of a challenging component supply environment,” explained Jason Cohenour, CEO and president.
The supplies in question are 3G wireless chips from Qualcomm, which recently was ordered by a U.S. federal judge to stop selling certain chips that infringe on rival Broadcom’s patents.
Nevertheless, Sierra is still planning new product launches throughout the first half of 2008.
Recent highlights from Sierra include AT&T’s launch of two HSUPA AirCard products, various new EV-DO devices, and the completion of an $85.1 million stock sale.
Filed Under: Infrastructure
