M&A
confidence high
sentiment neutral
materiality 0.60
Semtech files Sierra Wireless audited FY2021 results: rev $473M, net loss $89M
SEMTECH CORP
- Sierra Wireless FY2021 revenue $473.2M, net loss from continuing ops $88.7M vs FY2020 revenue $448.6M, net loss $70.2M.
- Goodwill at Dec 2021 totaled $167.4M, with $71M allocated to IoT Solutions reporting unit.
- FY2021 restructuring charges $12.3M and impairment $12.3M.
- Pro forma condensed combined financials filed to reflect Semtech acquisition as if occurred Feb 1, 2021.