Sierra Wireless

Wireless connectivity for the Internet of Things. Learn more

Launch date

1993

Employees

501-1000 people

Market cap

Enterprise valuation

€1.1b (Public information from Jan 2023)

Carlsbad California (HQ)

http://sierrawireless.com

https://twitter.com/sierrawireless https://www.facebook.com/SierraWireless https://www.linkedin.com/company/sierra-wireless https://apps.apple.com/app/id506359214 https://play.google.com/store/apps/details?id=com.sierrawireless.avphone

Revenues, earnings & profits over time

EUR	2017	2018	2019	2020	2021	2022	2023
Revenues	629m	722m	649m	408m	430m	534m	575m
% growth	-	15 %	(10 %)	(37 %)	5 %	24 %	8 %
EBITDA	49.1m	50.0m	19.1m	(30.9m)	(6.4m)	28.2m	41.8m
% EBITDA margin	8 %	7 %	3 %	(8 %)	(1 %)	5 %	7 %
Profit	3.6m	(21.8m)	(63.6m)	(44.5m)	(80.9m)	(20.0m)	(4.5m)
% profit margin	1 %	(3 %)	(10 %)	(11 %)	(19 %)	(4 %)	(1 %)
R&D budget	69.0m	82.0m	77.0m	-	-	-	-
R&D % of revenue	11 %	11 %	12 %	-	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
May 1995	Verdane Capital Granite Ventures Tera Capital Corporation	N/A	Early VC
Dec 2014	N/A	N/A	IPO
Apr 2020*	Lion Point Capital	N/A	Post IPO Equity
Jan 2022	CIBC Innovation Banking Business Development Bank of Canada (BDC)	CAD60.0m	Post IPO Debt
Aug 2022*	Semtech	$1.2b Valuation: $1.2b 2.5x EV/LTM Revenues -171.4x EV/LTM EBITDA	Acquisition
Total Funding		-

Sierra Wireless, now part of Semtech, specializes in providing innovative Internet of Things (IoT) solutions that include connectivity, modules, and router services. The company operates in the global IoT market, serving a diverse range of clients from industrial to networking sectors. Sierra Wireless offers a complete 'Device to Cloud' IoT solution, which includes cellular modules, gateways, and connectivity services, ensuring secure and seamless data transmission. The business model revolves around selling hardware components like 4G and 5G modules, as well as offering connectivity services that help businesses accelerate their digital transformation. Revenue is generated through the sale of these hardware products and subscription-based connectivity services. Sierra Wireless has been a pioneer in the IoT space, being first to market with several innovations, including the first 5G M.2 module and multi-network 5G vehicle router. The company has shipped over 168 million devices, demonstrating its significant impact on the IoT market.

Keywords: IoT, connectivity, modules, routers, 5G, 4G, cellular, data-driven, industrial, networking.

Tech stackLearn more about the technologies and tools that this company uses.