Sierra Wireless's Internet of Things Business Can't Catch a Break Right Now
Not surprisingly, Internet of Things (IoT) semiconductor and service provider Sierra Wireless (NASDAQ: SWIR) had a rough start to 2020. Supply-chain disruptions due to the economic lockdown to fight COVID-19, combined with declines in certain legacy business lines, conspired against the company and led to another fall in revenue.
Sierra withdrew its guidance for 2020 as its visibility on how coronavirus will affect business in the near future is cloudy. Some recent changes in management could be a signal that better times are ahead for this small chipmaker.
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Source Fool.com
