Mid-Year 2017 IoT Results & News Round-Up - Constant Contact

In June, Autobrain, a plug and play smart car plat- form provider, announced the selection of CalAmp's OBD devices and telematics systems for its latest offering.
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A Deeper Connected Conversation

Volume 3 / Issue 9 / September 2017

Mid-Year 2017 IoT Results & News Round-Up

A Deeper Connected Conversation

Volume 3 / Issue 9 / September 2017

Mid-Year Results & News Round-Up By Keith Tamboer & Matt Champion The first half of 2017 is complete and James Brehm & Associates have the financials, KPIs, and news to keep you informed on what’s happening around the world of IoT.

Verizon’s IoT revenues increased to $365 million in the second quarter. Telematics revenues—driven by Fleetmatics and Telogis— topped $220 million. To date, Verizon’s two fleet management acquisitions have generated approximately $335 million in total revenue. In June, Verizon announced the successful completion of a live, over-the-air Cat-M1 VoLTE call which could enable new use IoT use cases that include voice services.

AT&T added nearly 2.3 million connections in three months to end Q2 with nearly 34.7 million connections. Approximately twothird’s of the company’s additions in the quarter were attributable to connected cars. At the end of Q2, AT&T had 14.6 million connected cars on its network.

CalAmp posted quarterly revenues of $88.1 million, an increase of 2.3% sequentially. In June, Autobrain, a plug and play smart car platform provider, announced the selection of CalAmp’s OBD devices and telematics systems for its latest offering.

Intel’s IoT revenues of $720 million were relatively flat sequentially and have leveled out since the Q4. In June, reports emerged that Intel discontinued its Joule, Galileo, and Edison product lines which had failed to gain meaningful traction among IoT solution developers. In August, Intel completed the $15.3 billion acquisition of Mobileye, a technology supplier to many auto manufactures. The acquisition positions Intel as a player in the development of autonomous vehicles. 110 E. Houston St., 7th Floor, San Antonio, TX 78205 / 210.401.0051 / http://www.Jbrehm.com

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A Deeper Connected Conversation

Volume 3 / Issue 9 / September 2017

Digi International posted revenues in the current quarter of $45.7 million which were flat sequentially but down more than 12% yearover-year. Digi’s hardware business – notably its RF and Embedded products – continues to decline with revenues down nearly 20% in the past year. A bright spot for the company is within cold chain and the recently announced Digi SafeTemps solutions which generated approximately $2.9 million in revenue in the current quarter.

Sprint added 310,000 connections to end the quarter with nearly 13.2 million total connections. In the past year, the company has grown its base of connections by more than 2.1 million.

Sierra Wireless ended Q2 with revenues of $173.5 million, an increase of more than 7% sequentially and 11% year-over-year. In August, Sierra Wireless announced a deal to acquire Numerex in an all stock deal valued at $107 million. The proposed acquisition increases Sierra’s mix of recurring revenues and accelerates the company’s IoT Device-To-Cloud strategy. Sierra Wireless expects the acquisition to close in January 2018.

Control4 posted strong Q2 revenues of $61.4 million, an increase of 22% sequentially. Revenues from the recently acquired Triad Speakers was $3.4 million in the current quarter—demonstrating Control4’s ability to grow revenues organically and through acquisition. The company shipped more than 26,000 controllers in the quarter, an increase of 6.6% year-over-year.

Vodafone reported IoT revenues of €183 million in the current quarter and approximately €700 million in the last fiscal year. IoT SIMs grew 43% over the last 12 months to €59 million. The company provides connected car services in 18 markets.

Sequans had a solid Q2 boasting a 33% increase in year-over-year revenues at $13.2 million. In June, the company announced that Verizon had selected Sequans’ Colibri Cat-4 chip