Sierra Wireless Q4 revenue doubles

Vancouver based Sierra Wireless reported Q4 up 22%, and overall revenue increased by 99% to a record $439.9 million.

President & CEO Jason Cohenour said “In the fourth quarter of 2007, we experienced continued strong momentum in our business and achieved record quarterly revenue and earnings, in spite of a challenging component supply environment. Our fourth quarter revenue was up 22% from the third quarter and up 98% on a year over year basis. Our strong sequential growth was driven primarily by the launch and early shipments of our new HSUPA AirCard products to customers around the world. Our momentum with these new products helped lead the way to record revenue in each of our three main business regions: The Americas, Asia and Europe.