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SWIR on NASDAQ

Sierra Wireless

Logo: sierrawireless.com5

Canadian wireless communications company

Sierra Wireless (a subsidiary of Semtech Corporation) is a Canadian multinational wireless communications equipment designer, manufacturer and services provider headquartered in Richmond, British Columbia, Canada. It also maintains offices and operations in the United States, Korea, Japan, Taiwan, India, France, Australia and New Zealand.3 Its shares trade on NASDAQ under the symbol SWIR.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

$473.2MRevenue, fiscal 20216
-$89.0MNet income, fiscal 20216
1993Founded1

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  • TickerSWIR on NASDAQ1
  • IndustryRadio & Tv Broadcasting & Communications Equipment1
  • HeadquartersRichmond1
  • Founded inRichmond1
  • Websitewww.sierrawireless.com
  • Legal formbusiness corporation1
  • Listed onNasdaq (SWIR), Toronto Stock Exchange1
  • Incorporated inBritish Columbia, Canada7
  • Business address13811 Wireless Way, Richmond, A1 V6V 3A47
  • LEI549300E33RZ5BJ726L534
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered address595 BURRARD STREET, V7X 1L3 Vancouver, Canada4
  • Registered withCorporations Canada, 292543-54

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Sierra Wireless AirCard 775
Photo: Drahtlos, CC BY-SA 4.0, via Wikimedia Commons9

Sierra Wireless (a subsidiary of Semtech Corporation) is a Canadian multinational wireless communications equipment designer, manufacturer and services provider headquartered in Richmond, British Columbia, Canada. It also maintains offices and operations in the United States, Korea, Japan, Taiwan, India, France, Australia and New Zealand.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

33.1%Gross margin6
-16.8%Operating margin6
-18.8%Net margin6
5.5%Revenue growth, 20216
-32.1%Return on equity6
0.03×Debt to equity6
-$91.7MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue67¢$316.4M
  • Research and development15¢$71.6M
  • Other costs18¢$84.9M
  • Interest0¢$315.0K
  • Income tax0¢$6.0K

Out of $473.2M in revenue.6 The company lost money this year.

Financial statements

Revenue10111213146$473.2M in 2021−14% since 2014
0$200.0M$400.0M$600.0M$800.0M2014: $548.5M$548.5M20142015: $607.8M$607.8M2015+11%2016: $615.0M$615.0M2016+1%2017: $690.7M$690.7M2017+12%2018: $793.6M$793.6M2018+15%2019: $547.3M$547.3M2019−31%2020: $448.6M$448.6M2020−18%2021: $473.2M$473.2M2021+5%
Gross profit10111213146$156.8M in 2021−12% since 2014
0$100.0M$200.0M$300.0M2014: $179.0M$179.0M20142015: $193.9M$193.9M2015+8%2016: $217.3M$217.3M2016+12%2017: $234.2M$234.2M2017+8%2018: $264.6M$264.6M2018+13%2019: $197.5M$197.5M2019−25%2020: $158.8M$158.8M2020−20%2021: $156.8M$156.8M2021−1%
Operating income10111213146-$79.5M in 2021+1106% since 2014
-$100.0M-$50.0M0$50.0M2014: -$6.6M-$6.6M20142015: $10.1M$10.1M20152016: $21.7M$21.7M2016+114%2017: $100.0K$100.0K2017−100%2018: -$18.3M-$18.3M20182019: -$64.3M-$64.3M2019+252%2020: -$88.0M-$88.0M2020+37%2021: -$79.5M-$79.5M2021−10%
Net income10111213146-$89.0M in 2021+428% since 2014
-$100.0M-$50.0M0$50.0M2014: -$16.9M-$16.9M20142015: -$2.7M-$2.7M2015−84%2016: $15.6M$15.6M20162017: $4.5M$4.5M2017−71%2018: -$24.6M-$24.6M20182019: -$70.5M-$70.5M2019+187%2020: -$49.3M-$49.3M2020−30%2021: -$89.0M-$89.0M2021+80%
Fiscal year20142015201620172018201920202021
Revenue$548.5M10$607.8M11$615.0M12$690.7M13$793.6M13$547.3M14$448.6M6$473.2M6
Cost of revenue$369.5M10$413.9M11$397.7M12$456.5M13$529.0M13$349.8M14$289.8M6$316.4M6
Gross profit$179.0M10$193.9M11$217.3M12$234.2M13$264.6M13$197.5M14$158.8M6$156.8M6
Research and development$82.6M10$74.6M11$73.3M12$83.5M13$94.4M13$79.0M14$86.5M6$71.6M6
Operating expenses$236.3M6
Operating income-$6.6M10$10.1M11$21.7M12$100.0K13-$18.3M13-$64.3M14-$88.0M6-$79.5M6
Interest$134.0K10$154.0K11$71.0K12$159.0K13$156.0K13$269.0K14$818.0K6$315.0K6
Income before tax-$88.7M6
Income tax-$1.3M10$1.1M11$4.4M12$3.2M13$916.0K13$8.9M14-$11.9M6$6.0K6
Net income-$16.9M10-$2.7M11$15.6M12$4.5M13-$24.6M13-$70.5M14-$49.3M6-$89.0M6
Earnings per share-$0.5310-$0.0811$0.4912$0.1413-$0.6813-$1.9513-$1.366-$2.406
Earnings per share (diluted)-$0.5310-$0.0811$0.4812$0.1413-$0.6813-$1.9513-$1.366-$2.406
Shares (weighted, basic)37.1M shares6
Shares (weighted, diluted)37.1M shares6

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Corporate structure

Sierra Wireless is part of a group headed by Semtech Corporation. 43 entities, 17 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Sierra Wireless

  • Semtech Corporation Wilmington, Delaware, United States
    • Sierra Wireless Richmond, British Columbia, Canada
      • SIERRA WIRELESS Subsidiary · Labege, France
    • SEMTECH (INTERNATIONAL) AG Subsidiary · Rapperswil-Jona, Switzerland
      • SEMTECH EMEA LIMITED Subsidiary · Bristol, United Kingdom
    • Semtech (United Kingdom) Subsidiary · United Kingdom
    • Semtech Canada Corporation Subsidiary · Burlington, Ontario, Canada
    • SEMTECH LIMITED Subsidiary · Stansted, United Kingdom
    • SEMTECH NEUCHÂTEL SÀRL Subsidiary · Neuchatel, Switzerland
    • • M2M Connectivity Australia Pty Ltd Subsidiary · Australia
    • • M2M One NZ Ltd Subsidiary · New Zealand
    • • M2M One Pty Ltd Subsidiary · Australia
    • • NextInput, LLC Subsidiary · Delaware, United States
    • • Semtech Advanced Systems India Private Limited Subsidiary · India
    • • Semtech Colorado, Inc. Subsidiary · Delaware, United States
    • • Semtech EMEA Limited Subsidiary · United Kingdom
    • • Semtech EV, Inc. Subsidiary · California, United States
    • • Semtech France SAS Subsidiary · France
    • • Semtech Germany GmbH Subsidiary · Germany
    • • Semtech Japan GK Subsidiary · Japan
    • • Semtech Neuchatel SARL Subsidiary · Switzerland
    • • Semtech New York Corporation Subsidiary · Delaware, United States
    • • Semtech Quebec Inc. Subsidiary · Quebec, Canada
    • • Semtech San Diego Corporation Subsidiary · California, United States
    • • Semtech Semiconductor (Chengdu) Co. Ltd. Subsidiary · China
    • • Semtech Semiconductor (Malaysia) Sdn Bhd Subsidiary · Taiwan
    • • Semtech Semiconductor (Shanghai) Co. Ltd. Subsidiary · China
    • • Semtech Semiconductor (Shenzhen) Company Limited Subsidiary · China
    • and 15 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Sierra Wireless reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$108.7M6 Dec 31, 2021$104.1M6 Dec 31, 2020+4.5%
Accumulated depreciation$77.6M6 Dec 31, 2021$72.7M6 Dec 31, 2020+6.8%
Property and equipment, net$31.1M6 Dec 31, 2021$31.4M6 Dec 31, 2020−0.9%
Finance-lease assets$27.0K14 Dec 31, 2020$170.0K14 Dec 31, 2019−84.1%
Operating-lease assets (leased space)$14.3M6 Dec 31, 2021$20.1M6 Dec 31, 2020−28.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$76.8M6 Dec 31, 2021$160.6M6 Dec 31, 2020−52.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$167.4M6 Dec 31, 2021$175.5M6 Dec 31, 2020−4.7%
Intangible assets, net (excluding goodwill)$54.7M6 Dec 31, 2021$78.1M6 Dec 31, 2020−29.9%
Finite-lived intangibles, gross$253.3M6 Dec 31, 2021$271.8M6 Dec 31, 2020−6.8%
Accumulated amortization$198.6M6 Dec 31, 2021$193.7M6 Dec 31, 2020+2.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$82.2M6 Dec 31, 2021$32.8M6 Dec 31, 2020+150.4%
Finished goods$24.9M6 Dec 31, 2021$13.3M6 Dec 31, 2020+86.4%

The story

Sierra Wireless was founded in 1993 in Vancouver, Canada. In August 2003, it completed an acquisition of privately held, high-speed CDMA wireless modules supplier, AirPrime, issuing approximately 3.7 million shares to AirPrime shareholders. On March 6, 2007, the company announced its purchase of Hayward, California-based AirLink Communications, a privately held developer of fixed, portable, and mobile wireless data solutions. Prior to the May 2007 completion of its sale to Sierra Wireless for a total of $27 million in cash and stock, AirLink had reported $24.8 million in revenues and gross margin of 44 percent.

In August 2008, Sierra Wireless purchased the assets of Junxion, a Seattle based producer of Linux-based mobile wireless access points and network routers for enterprise and government customers. In December 2008, Sierra Wireless made a friendly all-cash bid to acquire Wavecom, a French M2M wireless technology developer. The sale was completed for $275 million.

In August 2012, the company acquired SAGEMCOM's M2M business in a cash transaction of EUR44.9 million plus assumed liabilities. In November 2012, Sierra Wireless was recognized as an M2M market leader by market research and intelligence firm, ABI Research. Based on the company's aggregated revenues, ABI found that Sierra Wireless held a 34 percent share of the M2M module market.

In January 2013, Sierra Wireless sold all assets and operations related to its AirCard business to NETGEAR, Inc. for $138 million in cash plus approximately $6.5 million in assumed liabilities.

In April 2017, Sierra Wireless acquired GlobalTop Technology's GNSS embedded modules business for $3.2 million. In December, 2017, Sierra Wireless acquired Numerex, in a deal estimated at US$107 million.

In 2020, Sierra Wireless completed the acquisition of M2M Group in Australia for US$18.4 million and M2M One in New Zealand for US$3.5 million. In the same year, the company sold its automotive business for US$144 million. In April 2020, Sierra Wireless appointed Samuel Cochrane as Chief Financial Officer. In November 2020, Sierra Wireless sold its automotive modules division to Rolling Wireless.

In July 2021, Sierra Wireless appointed Phil Brace as CEO.

In August 2022, Semtech agreed to buy Sierra Wireless in an all-cash transaction valued at US$1.2 billion including debt. The acquisition was completed in January 2023.

From Wikipedia’s article on Sierra Wireless, shared under CC BY-SA 4.0.8

Products and brands

Patents and technology

Sierra Wireless has been granted more than 550 unique patents for an array of technologies ranging from built-in antennas and product form factors, to battery power usage and management and network efficiency improvements. The company currently has patents pending in the US, Europe, Asia, Australia, Mexico, and South Africa.

Products

Sierra Wireless offers IoT products and services including the following:

AirLink, wireless gateways used in industrial, enterprise, and automotive applications. AirLink intelligent gateways and routers use embedded intelligence and the ALEOS Application Framework to support remote management, control, and configuration, and application services for vertical market solutions.

Embedded modules providing cellular connectivity for wireless mobile computing and M2M often used by device manufacturers to bring new 3G - 5G, GSM, and CDMA devices to market via PCI Express MiniCards, surface-mount modules, modem-only functionality, and programmable devices.

Read the full text

AirVantage, a cloud-based application facilitating M2M service delivery consisting of the AirVantage Management Service M2M device management application, and AirVantage Enterprise Platform for collecting, sharing, and integration of machine data using API standards, as well as development and deployment of M2M applications.

Octave, The All-in-One Edge-to-Cloud Solution for connecting industrial assets.

Global Connectivity Services.

Managed Network Services, providing internet management under a single vendor for a complete solution.

Managed IoT Solutions, for agencies and enterprises that require tracking and monitoring. Available as fully-integrated managed services that includes asset/cargo tracking, satellite tracking, fleet tracking and remote monitoring.

Until the 2013 sale of all assets and operations, Sierra Wireless also manufactured and marketed AirCard, mobile broadband devices permitting users to connect notebooks, netbooks, and other electronics to the Internet over 3G and 4G mobile broadband networks via PC or express card slots, USB ports, or mobile WiFi hotspots.

From Wikipedia’s article on Sierra Wireless, shared under CC BY-SA 4.0.8

Timeline

  1. 1993Founded Founded in Richmond1

Filings

64 filings to the SEC since October 2021: 1 annual reports, 9 large holders, 54 other. The latest 20:

  1. Feb 14, 2023SC 13G SCHEDULE 13G EDGAR
  2. Feb 14, 2023SC 13G EDGAR
  3. Feb 13, 2023SC 13G 13G EDGAR
  4. Feb 8, 2023SC 13G EDGAR
  5. Jan 23, 202315-12G EDGAR
  6. Jan 13, 20236-K EDGAR
  7. Jan 13, 20236-K EDGAR
  8. Jan 12, 202325-NSE EDGAR
  9. Jan 12, 2023S-8 POS EDGAR
  10. Jan 5, 20236-K EDGAR
  11. Dec 15, 20226-K SIERRA WIRELESS, INC. 6-K EDGAR
  12. Nov 14, 20226-K EDGAR
  13. Nov 10, 20226-K SIERRA WIRELESS, INC. 6-K EDGAR
  14. Nov 10, 20226-K 2022 Q3 QUARTERLY REPORT EDGAR
  15. Oct 18, 20226-K EDGAR
  16. Oct 4, 20226-K EDGAR
  17. Sep 28, 20226-K EDGAR
  18. Sep 13, 20226-K SIERRA WIRELESS, INC. 6-K EDGAR
  19. Sep 7, 2022SC 13G/A EDGAR
  20. Aug 30, 20226-K EDGAR

The 64 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Sierra Wireless is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSIERRA WIRELESS INC2
  • CIK0001111863
  • Employer ID (EIN)98-01632362
  • Incorporated inBritish Columbia, Canada2
  • Fiscal year endsDecember 312
  • Industry code (SIC)3663 Radio & Tv Broadcasting & Communications Equipment2
  • Business address13811 Wireless Way, Richmond, A1 V6V 3A42
  • Phone604-231-11002
  • Shares outstanding37,774,800 as of Dec 31, 20216
  • On EDGAR sinceFeb 7, 20022
  • Filings659 in all: 6-K (495), SC 13G/A (46), SC 13G (29), 40-F (20), 425 (10), SD (9), UPLOAD (7), CORRESP (6)2
    All 28 form types

    SC TO-C (6), F-X (3), S-8 (3), S-8 POS (3), SC 13D/A (3), 40-F/A (2), F-10 (2), F-10/A (2), SC 13D (2), 15-12G (1), 20-F/A (1), 25-NSE (1), 3 (1), 4 (1), 424B3 (1), 6-K/A (1), EFFECT (1), F-4 (1), F-4/A (1), SUPPL (1)

  • Latest filingsAnnual report (40-F) Mar 18, 2022

Sources

The numbers on this page point here. Each one links to the record it came from.

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    Company websiteSierra Wireless logo
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