2000 annual report taking it to the next level wirele world ss data is embracing look around you people everywhere are connecting their wirelessly with portable computers and handheld devices no longer exclusive domain of large corporations public safety organizations anytime anywhere access being placed in hands anyone who needs sierra wireless has helped put there now we re a step further from exciting new products technologies our entry into international markets customers business consolidated statements operations expressed thousands united states dollars except per share prepared accordance generally accepted accounting principles gaap years ended december 31 1998 1999 revenue 17 802 23 959 53 476 gross margin 9 031 12 222 24 409 expenses sales marketing 3 386 5 097 907 research development net 2 463 932 11 662 administration 1 422 434 915 amortization 447 892 654 total 7 718 355 30 138 earnings loss 313 867
