VANCOUVER, British Columbia-Modem maker Sierra Wireless Inc. reported revenues of $20 million and a profit of $400,000, down from the profit of $1.1 million the company reported in the previous quarter.
“Sales of our AirCard product line were very strong, with significant increases in Europe and the Asia-Pacific region,” said David Sutcliffe, the company’s chairman and chief executive officer. “Looking ahead, we expect overall economic and industry conditions to continue to be challenging. Our business operating premise is profitable growth, and our priorities remain expansion of our distribution channels, sell through to end customers and investment for future growth.”
The company has volume contracts with AT&T Wireless Services Inc., Sprint PCS and Verizon Wireless.
