SIERRA WIRELESS INC (SWIR)

[Fletch]

Hey wilco244,
I was just home from the Miami area at last post but did get to see the NE storm.
Since that storm.....a fresh foot,
Fletch
Below on SWIR earnings.

Sierra Wireless Reports Fourth Quarter and Full Year 2014 Results
Thu February 5, 2015 4:34 PM|Business Wire | About: SWIR

Q4 2014 record revenue of $149.0 million; 25.7% year-over-year growth

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Sierra Wireless, Inc. (SWIR) (TSX:SW):
Fourth Quarter 2014 highlights
Record revenue of $149.0 million, an increase of 25.7% compared to Q4 2013
Non-GAAP earnings from operations of $10.0 million compared to $2.6 million in Q4 2013
Adjusted EBITDA of $12.7 million compared to $6.2 million in Q4 2013
Non-GAAP EPS of $0.29 compared to $0.10 in Q4 2013
Full Year 2014 highlights
Record revenue of $548.5 million, an increase of 24.1% compared to 2013
Non-GAAP earnings from operations of $22.8 million compared to $5.0 million in 2013
Adjusted EBITDA of $35.4 million compared to $18.7 million in 2013
Non-GAAP EPS of $0.63 compared to $0.23 in 2013
Sierra Wireless, Inc. (TSX: SW) today reported results for its fourth quarter and full year, ending December 31, 2014. 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.

In the fourth quarter of 2014, we delivered record revenue and a strong year-over-year improvement in our key profitability metrics, said Jason Cohenour, President and Chief Executive Officer. Going forward, we will continue to focus on delivering profitable organic growth, while bolstering our leadership position in the Internet of Things with strategic acquisitions that expand our position in the value chain and enhance our business model.

Q4 2014
Revenue for the fourth quarter of 2014 was $149.0 million, an increase of 25.7% compared to $118.6 million in the fourth quarter of 2013. Revenue from OEM Solutions was $129.5 million in the fourth quarter of 2014, up 27.2% compared to $101.8 million in the fourth quarter of 2013. Revenue from Enterprise Solutions was $19.5 million in the fourth quarter of 2014, up 16.4% compared to $16.8 million in the fourth quarter of 2013. On a consolidated basis, organic revenue growth, which excludes contribution from the acquired In Motion Technology and AnyData businesses, was 20.7% compared to the fourth quarter of 2013.

GAAP RESULTS
Gross margin was $50.0 million, or 33.5% of revenue, in the fourth quarter of 2014, compared to $38.4 million, or 32.4% of revenue, in the fourth quarter of 2013.
Operating expenses were $46.6 million and earnings from operations were $3.4 million in the fourth quarter of 2014, compared to operating expenses of $42.0 million and a loss from operations of $3.5 million in the fourth quarter of 2013.
Net loss from continuing operations was $1.7 million, or $0.05 per diluted share, in the fourth quarter of 2014, compared to a net loss from continuing operations of $1.9 million, or $0.06 per diluted share, in the fourth quarter of 2013. The fourth quarter of 2014 included a $3.8 million foreign exchange loss associated with the translation of certain foreign denominated balances, compared to a $1.9 million gain in the fourth quarter of 2013.

NON-GAAP RESULTS
Gross margin was 33.6% in the fourth quarter of 2014, compared to 32.5% in the fourth quarter of 2013.
Operating expenses were $40.1 million and earnings from operations were $10.0 million in the fourth quarter of 2014, compared to operating expenses of $36.0 million and earnings from operations of $2.6 million in the fourth quarter of 2013.
Net earnings from continuing operations were $9.1 million, or $0.29 per diluted share, in the fourth quarter of 2014, compared to net earnings from continuing operations of $3.1 million, or $0.10 per diluted share, in the fourth quarter of 2013. The non-GAAP tax rate in the fourth quarter of 2014 was 11.5%.
Adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") were $12.7 million in the fourth quarter of 2014, compared to $6.2 million in the fourth quarter of 2013.
More at:http://seekingalpha.com/pr/12436376-sierra-wireless-reports-fourth-quarter-and-full-year-2014-results