Revenue increases 13.3% year-over-year to $161.8 million in the first quarter of 2017

 

VANCOUVER, British Columbia --  Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today reported results for its first quarter ending March 31, 2017. 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 first quarter of 2017, we delivered solid year-over-year revenue growth and profitability results that exceeded our expectations,” said Jason Cohenour, President and CEO. “We continued to strengthen our position as a leader in device-to-cloud solutions for the Internet of Things with new customer wins, new product offerings and the acquisition of the assets of GlobalTop Technology's GNSS business.”

Differentiated Cloud Products Pushing Silicom To A New Level

 

KFAR SAVA, Israel, March 21, 2017  -- Silicom Ltd. (NASDAQ: SILC) today announced that it has achieved the most significant design win in its history. This design win, from a top-10 Cloud player, is for a highly customized version of Silicom's 100-Gigabit high bandwidth switch fabric on a NIC cloud solution.

 

Based on this design win, Silicom has received initial purchase orders (POs) in the aggregate amount of $17 million to cover a small-volume Alpha phase, an intensive Beta program and the product's first commercial deployment.

- Record quarterly revenue of $160 million and full year revenue of $597 million

- Expects positive free cash flow in 2019, a year earlier than previous guidance

- Increases guidance for 2017 2Ku installs by 100 aircraft to range between 450 and 550

- Installed or upgraded more than 1,100 commercial aircraft in 2016

- Won awards for approximately 1,000 2Ku commercial aircraft in 2016, bringing total 2Ku awards to 1,500

 

CHICAGO, Feb. 27, 2017  -- Gogo Inc. (Nasdaq: GOGO), the leading global provider of in-flight broadband connectivity and connectivity-enabled services to commercial and business aviation, today announced its financial results for the fourth quarter and full year 2016.

SARASOTA, Fla., Dec. 19, 2016  -- xG Technology, Inc. ("xG") (Nasdaq: XGTI, XGTIW), a leader in providing critical wireless communications for use in challenging operating environments, is pleased to announce that it has signed the final definitive business purchase agreement to acquire Vislink Communication Systems ("Vislink") from Vislink, Plc. All substantive terms of the acquisition, which was originally announced on Oct. 20, 2016, have been agreed upon by the respective parties and due diligence has been completed. The agreement is subject to Vislink shareholder approval, and funding of the acquisition is expected to be finalized thereafter.