Sierra Wireless Reports First Quarter Results

Revenue of $142.8 million compared to $150.4 million in Q1 2015
Non-GAAP earnings from operations of $3.6 million compared to $8.8 million in Q1 2015
Adjusted EBITDA of $6.7 million compared to $11.3 million in Q1 2015
Non-GAAP net earnings of $2.6 million and diluted EPS of $0.08
 
VANCOUVER, British Columbia--- Sierra Wireless, Inc. (SWIR) (SW.TO) today reported results for its first quarter ending March 31, 2016. 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 and non-GAAP earnings in the first quarter were slightly better than expected, and we continue to expect our business to gain strength over the course of the year as new customer programs move into production and we introduce new leading-edge IoT products and solutions,” said Jason Cohenour, President and CEO.
Published: 06 May 2016
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CommScope Reports Stronger Than Expected First Quarter 2016 Results

2016-04-28 06:00 ET - News Release

– Raises Full Year 2016 Guidance –– Announces $300 Million PIK Notes Redemption –

  • BNS Acquisition Drives Growth
    • Sales of $1.14 billion, up 39 percent year over year
    • Record first quarter gross margin of 39 percent
    • Adjusted operating income, excluding special items, of $211 million, or 18 percent of sales
    • Net income of $0.06 per diluted share
    • Adjusted net income of $0.48 per diluted share, up 14 percent year over year
    • Cash flow from operations of $118 million
    • Adjusted free cash flow of $120 million
      Published: 28 April 2016
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DragonWave Successfully Completes First Five Harmony Enhanced MC Trials

2016-04-14 08:00 ET - DragonWave Inc. (TSX:DWI)(NASDAQ:DRWI), a global supplier of packet microwave radio systems, today announced that they have successfully completed five customer trials of the newly launched Harmony Enhanced MC dual carrier product. DragonWave has also scheduled five additional trials of Harmony Enhanced MC to be conducted in the next three months.

"Operators are finding that Harmony Enhanced MC can be easily deployed today to expand backhaul capacity on their overburdened networks, while offering them the capacity and functionality to support next-generation network builds," said Earl Lum, founder and president, EJL Wireless Research. "Harmony Enhanced MC provides a cost-effective solution today with added value capabilities to support backhaul demands for 5G."

Published: 14 April 2016
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DragonWave Launches eCommerce Store for Accessory Sales

Offerings include parts and accessories for network maintenance, feature and capacity upgrades, and Harmony Radio Lite
 
OTTAWA, CANADA--(Mar 30, 2016) - DragonWave Inc. (DWI.TO)(DRWI) today announced it has launched a new online eCommerce store to better serve its customers, and to streamline the ordering and delivery of parts and accessories essential to the maintenance of networks employing the company's industry leading microwave radios. The launch of the eCommerce store opens a complementary sales channel to the company's strong distributor and reseller network, which continues to represent the majority of DragonWave sales.
 
The newly launched eCommerce store is accessible from the DragonWave homepage, and provides a single access point for global customers to more easily order extended technology features and capacity upgrades, as well as place orders for DragonWave's Harmony Radio Lite.
Published: 30 March 2016
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Finisar Announces Third Fiscal Quarter 2016 Financial Results

SUNNYVALE, CA--(March 10, 2016) - Finisar Corporation (FNSR), a global technology leader for subsystems and components for fiber optic communications, today announced financial results for its third quarter of fiscal 2016, ended January 31, 2016. 
 
COMMENTARY
 
"Revenues for our third fiscal quarter were $309.2 million, approximately in line with the midpoint of our prior guidance range for the quarter of $300 to $320 million. Better than expected gross margins, due to favorable product mix, as well as lower than expected operating and other expenses, resulted in earnings per fully diluted share at the upper end of our prior guidance range," said Jerry Rawls, Finisar's Chief Executive Officer.
Published: 11 March 2016
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