SIERRA WIRELESS INC (SWIR)

[ciciagt]

Earnings call transcript at SeekingAlpha site
http://seekingalpha.com/article/4044671-sierra-wireless-swir-ceo-jason-cohenour-q4-2016-results-earnings-call-transcript

".......and good afternoon, everyone. I’ll start with the summary of our fourth quarter 2016 results. Overall, Q4 financial results were above our expectations. Consolidated revenue was $163 million, up 12.5% on a year-over-year basis. Solid revenue combined with improved gross margin and good cost management led to profitability results that exceeded our expectations with adjusted EBITDA of $15.5 million and non-GAAP EPS of $0.27.

During the quarter, we also continued to see good new product introduction velocity, launching three new gateway products and entering LPWA module trials with key OEMs and operators. New customer program acquisition activity was also quite strong in the quarter in each of our BUs.

You also may have noticed that we announce today that VW, the world's largest carmaker, has selected Sierra Wireless to provide 4G embedded solutions to connect Volkswagen cars to its Car-Net service. I will elaborate a little bit more on this important new customer in the OEM solutions section of the presentation.

And finally, we've been making a good progress on the integration of GenX and Blue Creation, the two companies we acquired in the second half of 2016. We are excited to have both teams fully onboard contributing in a positive way and strengthening our strategic position in key segment and technology areas of the IoT ecosystem......."