VANCOUVER, British Columbia-Wireless modem maker Sierra Wireless Inc. reported positive earnings, news that sent the company’s stock up about 5 percent to $8.30 per share.
Sierra Wireless reported revenues up 22.4 percent over the same quarter last year to $20.7 million. The company’s earnings clocked in at $600,000, up from the $3 million loss it reported in the same quarter last year.
“We are pleased to report that, for the fourth quarter in a row, we grew revenues over the comparable quarter, were profitable and generated positive cash flow,” said David Sutcliffe, the company’s chairman and chief executive officer. “The AirCard product line and sales in the United States, Europe and the Asia-Pacific region each contributed significantly during the second quarter.”
