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Introduction to Sequans Communications S.A.
Sequans Communications S.A. (NYSE: SQNS) is a pioneering semiconductor solutions company that specializes in cellular semiconductor solutions and advanced IoT connectivity. Initially established to harness emerging wireless technologies such as WiMAX, the company quickly evolved to embrace the opportunities offered by LTE and 5G systems. Its innovative approach, focus on ultra-low power consumption, and integrated functionalities have positioned Sequans as a trusted partner for original equipment and design manufacturers around the globe.
Core Business and Technology
At its core, Sequans designs, develops, and supplies a comprehensive range of cellular chips, modules, and intellectual property that serve as the backbone for a wide variety of IoT applications. The company’s solutions incorporate sophisticated baseband processors, radio frequency components, and proprietary signal processing algorithms that are engineered to deliver robust connectivity with high reliability and security. Its technology portfolio spans both 4G and 5G platforms, addressing diverse market segments from massive IoT deployments to high-speed broadband applications.
Product Portfolio and Applications
The product lineup at Sequans covers several critical platforms that cater to different connectivity needs:
- Massive IoT Solutions: These solutions are built around technologies such as LTE-M and NB-IoT, providing extended coverage and long battery life for devices deployed in remote or industrial settings.
- Broadband IoT Solutions: Designed to support higher data rates, these products are optimized for devices that require seamless connectivity across multimedia, consumer, and enterprise applications.
- Advanced 5G Platforms: With a focus on next-generation connectivity, Sequans’ 5G initiatives are centered around delivering high-speed, secure, and efficient network communications, further enhancing the digital transformation of connected devices.
Applications range from smartphones and portable routers to specialized industrial devices and infrastructure components, underlining Sequans’ ability to serve both consumer and enterprise markets effectively.
Global Reach and Market Position
Headquartered in Paris, France, Sequans maintains a substantial global footprint with offices and R&D centers located in key technological hubs across North America, Europe, and Asia. This extensive international presence enables the company to rapidly respond to the evolving demands in cellular communications and IoT, ensuring that its products meet the stringent standards required by telecommunications operators and device manufacturers worldwide.
Licensing, Partnerships, and Competitive Landscape
Sequans has bolstered its market position through strategic licensing agreements and partnerships with industry leaders. By entering into manufacturing licensing agreements and integrating its technology across various network operators, the company has demonstrated flexibility in its business model. Its commitment to innovation has earned approvals and certifications from globally recognized entities, further establishing its competitive edge in a rapidly evolving industry.
The company’s ability to achieve interoperability with major vendors and its alignment with global standards ensure that it remains a significant player in the competitive semiconductor sector. Moreover, its emphasis on maintaining proprietary technology while also pursuing mutually beneficial license deals has contributed to a robust reputation for both quality and reliability.
Technological Expertise and Industry Impact
Sequans exhibits deep technological expertise demonstrated through its unique combination of hardware design and integrated software solutions. Its products are not only engineered to perform under the demanding conditions of modern wireless networks but also optimized for energy efficiency—a crucial factor in IoT deployments. By focusing on delivering secure, scalable, and performance-driven solutions, Sequans empowers customers to design and deploy advanced IoT applications in sectors ranging from industrial automation to smart residential and enterprise solutions.
Commitment to Quality and Innovation
Throughout its history, Sequans has invested heavily in research and development, which has resulted in groundbreaking innovations that continually push the boundaries of cellular connectivity technology. The company maintains a rigorous certification process and interoperability testing with multiple global partners to ensure that every product meets the highest industry standards. This systematic approach, combined with a deep-rooted commitment to quality, has enhanced Sequans’ position as a reliable and pioneering entity in the wireless semiconductor landscape.
Conclusion
In summary, Sequans Communications S.A. stands out in the semiconductor industry with its pioneering contributions to cellular IoT connectivity. Its extensive product portfolio, global presence, robust licensing strategies, and continuous innovation make it an influential player in the sectors of 4G and 5G communications. Investors and industry analysts recognize Sequans for its technical prowess and its strategic focus on creating platforms that support both massive IoT applications and high-speed broadband connectivity. Whether powering consumer multimedia devices or enabling critical industrial systems, Sequans is committed to delivering advanced, efficient, and reliable connectivity solutions that meet the evolving demands of the digital age.
Sequans Communications (NYSE: SQNS) has successfully regained compliance with NYSE listing standards after addressing previous deficiencies in market capitalization and share price requirements. The company had fallen below the NYSE's minimum thresholds of $50 million market capitalization and $1.00 per share price on April 9, 2024.
To restore compliance, Sequans implemented two key measures: First, they adjusted their ADS ratio effective October 9, 2024, equivalent to a 1-for-2.5 reverse stock split to boost trading price. Second, they completed a $200 million strategic transaction on September 30, 2024, which significantly increased stockholders' equity and market capitalization.
The NYSE has now confirmed that Sequans, a provider of 4G and 5G semiconductors and modules for IoT, is fully compliant with all applicable listing requirements.
Sequans Communications (NYSE: SQNS) announced that Coyote, Europe's leader in connected driver assistance services, has chosen Sequans Monarch technology for its new generation tracker, Coyote Nano 2.0. The device connects to cellular LPWA networks, particularly LTE-M, setting a new standard in vehicle tracking.
The Coyote Nano 2.0 is part of Coyote Secure, a stolen vehicle recovery service with a 91% recovery rate within 48 hours. The tracker features jamming resistance, tamper protection, and discrete installation capabilities. It incorporates multiple wireless communication systems and location services, operating effectively in challenging RF environments.
Key features include extensive European coverage, autonomous operation, and a target battery life of up to 5 years. The device was specifically designed to deliver robust, energy-efficient performance while maintaining advanced RF capabilities.
Sequans Communications (NYSE: SQNS) has unveiled its third-generation low-power semiconductor solution at Mobile World Congress 2025, introducing two new advanced chips to its Calliope and Monarch IoT product families. The new chips enable transition from 4G to 5G eRedCap, addressing IoT longevity challenges.
The Calliope 3 builds on Calliope 2 Cat 1bis, adding 5G NR eRedCap capabilities for fleet management, wearables, and security devices. The Monarch 3 enhances the LTE-M/NB-IoT Monarch 2 solution with 5G NR eRedCap support, targeting smart metering, healthcare, and asset tracking applications.
Both new chips offer footprint and software compatibility with their predecessors, featuring improvements in power consumption, integration, and cost efficiency. The development was supported by a French 2030 grant awarded in 2024. Sequans plans to begin providing samples to customers in 2026.
Sequans Communications (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, has announced its participation in the 37th Annual Roth Conference. The event will take place at The Laguna Cliffs Marriott in Laguna Beach, California, from March 16-18, 2025.
Company executives Georges Karam (President and CEO) and Deborah Choate (CFO) will engage in one-on-one meetings and host a fireside chat on Tuesday, March 18, from 1:30 p.m. to 1:55 p.m. PT in the 'Amber-Dana 3' room. Investors can access the management presentation webcast through the Events page on Sequans' website.
Sequans Communications (NYSE: SQNS) reported preliminary Q4 2024 financial results with revenue of $11.0 million, up 8.9% from Q3 2024 and 130.0% from Q4 2023. The company posted a Q4 net loss of $2.7 million ($0.11 per ADS). Full-year 2024 revenue reached $36.8 million with a net profit of $57.0 million.
The company completed a pivotal $200 million Qualcomm deal, strengthening its financial position and 4G business future. Product revenue doubled sequentially in Q4, while cash position stood at $62.1 million as of December 31, 2024, down from $173.6 million in Q3 due to debt repayment and transaction costs.
For Q1 2025, management expects revenue between $7-8 million, with product revenue contributing about 50%. The company aims to achieve operating income breakeven by 2026, supported by anticipated growth from Monarch 2 and Calliope 2 shipments in 2025.
Sequans and Soracom have expanded their partnership to simplify IoT development through new evaluation kits (EVKs) with integrated global IoT connectivity. The collaboration offers two EVK variants: LTE-M/NB-IoT (Sequans Monarch2 GM02S) featuring ultra-low power consumption for smart utilities and health tracking, and LTE Cat 1bis (Sequans Calliope2 GC02S1) for global coverage applications like connected vehicles and logistics.
Each kit includes a Soracom global IoT SIM card with 3-month preloaded connectivity, providing coverage in over 170 territories, including LTE-M coverage in 51 territories and NB-IoT coverage in 35. Users gain access to Soracom's connectivity solutions suite for security, data transmission, and remote device management. The EVKs are available through global distribution channels like Digikey and Mouser.
Sequans Communications (NYSE: SQNS) and Soracom have expanded their partnership to launch new IoT evaluation kits (EVKs) with integrated global connectivity. The collaboration offers two variants:
1. LTE-M/NB-IoT EVK featuring Sequans Monarch2 GM02S, designed for smart utility meters, industrial sensors, and health trackers
2. LTE Cat 1bis EVK with Sequans Calliope2 GC02S1, certified in North America and Europe, suitable for connected vehicles and logistics tracking
Each kit includes a Soracom global IoT SIM card with 3-month connectivity, providing coverage in over 170 territories, including LTE-M coverage in 51 territories and NB-IoT coverage in 35. The EVKs are available through Digikey and Mouser distribution channels.
Sequans Communications (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, has scheduled its Fourth Quarter and Year End 2024 financial results announcement for Tuesday, February 11, 2025, during pre-market hours.
The company will host a conference call at 8:00 a.m. ET / 14:00 CET following the announcement. Investors can access the call through U.S. toll-free number 800-717-1738 or internationally at +1 646-307-1865, using access code 06231.
A live and archived webcast will be available on the Investor Relations section of Sequans' website. An audio replay will be accessible until February 18, 2025, via toll-free number 844-512-2921 (U.S.) or +1 412-317-6671 (international) using access code 1106231.
Sequans Communications (NYSE: SQNS) has acquired ACP Advanced Circuit Pursuit AG, a Zurich-based company specializing in RF CMOS technology. The strategic acquisition aims to strengthen Sequans' technology leadership in 5G eRedCap development and accelerate time-to-market for next-generation IoT chips.
The cash transaction brings in ACP's robust IP portfolio and expertise, along with a small, highly skilled team, while maintaining minimal impact on Sequans' planned operating expenses for 2025. The acquisition is expected to generate modest revenue in 2025, with potential contributions of several million dollars in 2026 through ACP's existing customer relationships.
The merger combines ACP's advanced radio technology with Sequans' cellular IoT leadership, positioning the company to better capture opportunities in the expanding 5G eRedCap market, which is expected to surpass 4G IoT in scale.
Sequans Communications (NYSE: SQNS) has announced a partnership with GearTrack to integrate Sequans' Monarch 2 GM02S LTE-M/NB-IoT module into GearTrack's asset tracking solution. The collaboration aims to enhance supply chain management and asset tracking capabilities.
GearTrack's solution, featuring IP67-rated sensors, is designed to monitor and protect critical assets across supply chains, operating in both indoor and outdoor environments. The system integrates with enterprise systems including ERP, PLM, and MES to provide real-time data insights and customizable alerts.
The implementation of Sequans' Monarch module was chosen for its superior connectivity and power efficiency, enabling GearTrack to deliver improved asset management solutions that offer rapid ROI. The partnership focuses on providing seamless, energy-efficient connectivity for industrial asset tracking applications.
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