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Sequans Communications S.A. (NYSE: SQNS) is a pioneering company in the development and provisioning of 4G and 5G solutions, specifically geared towards the Internet of Things (IoT) market. Founded in 2003 and headquartered in Paris, France, Sequans has established itself as a leader in cellular semiconductor solutions for both massive and broadband IoT applications. The company designs, develops, and supplies semiconductor solutions worldwide, which are integral to devices such as smartphones, tablets, USB dongles, routers, and a myriad of industrial and consumer multimedia devices.
Sequans' core business involves the production of LTE and WiMAX chips, which are supplied to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) across the globe. Since its inception, the company has expanded its portfolio to include advanced 5G technologies. Notably, Sequans became a prominent player in the LTE market in 2010 when China Mobile selected its technology for the world's first TD-LTE network trial. The company's LTE solutions are now deployed in multiple networks, spanning five continents.
One of Sequans' recent achievements includes significant advancements in its IoT product line. The company's flagship Monarch LTE-M/NB-IoT and Calliope Cat 1/Cat 1bis platforms are known for their industry-leading low power consumption and comprehensive functionalities, which facilitate global deployment. These platforms power a wide range of applications, from asset tracking and smart meters to industrial IoT devices.
In 2024, Sequans announced robust financial results, highlighting a notable increase in product revenue, especially due to the ramp-up in shipments of its LTE-M/NB-IoT Monarch 2 and Cat 1 Calliope 2 products. The company also secured new strategic partnerships and received substantial funding from the French government's France 2030 initiative to develop next-generation 5G NR eRedCap chips, aimed at enhancing IoT capabilities.
Additionally, Sequans is actively exploring strategic partnerships to leverage its unique market position and 5G intellectual property. The company's commitment to innovation is evident in its continuous development of leading-edge solutions, including the Taurus 5G NR chipset, designed for broadband IoT applications that require high-speed connectivity.
Sequans' extensive product portfolio and strategic collaborations position it as a key player in the global IoT market. The company's ongoing projects and financial health signal a positive outlook, with expectations of sustained growth and new opportunities in the rapidly evolving IoT landscape.
Sequans Communications (NYSE: SQNS) has partnered with MicroEJ to enhance its Monarch 2 platform by integrating the MICROEJ VEE software container. This collaboration aims to accelerate IoT application development, reducing production time and costs. Key benefits include improved security, low power consumption, and streamlined production processes, allowing teams to work concurrently. The Monarch 2 GM02S module features a certified secure enclave and operates with a low power supply for efficiency. The integrated solution will be showcased at MWC 2022 in Barcelona.
Sequans Communications S.A. (NYSE: SQNS) announced its participation in the 34th Annual Roth Conference from March 13 to 15, 2022, at the Ritz Carlton in Laguna Beach, California. CEO Georges Karam and CFO Deborah Choate will engage in a fireside chat and host one-on-one meetings with investors on March 14 and 15. Sequans is recognized for its innovative 5G and 4G solutions for various IoT applications, emphasizing low power consumption and a robust product portfolio. For further details about the conference or to arrange meetings, contact event organizers via email.
Sequans Communications (SQNS) reported its Q4 and full-year 2021 financial results on February 8, 2022. Q4 revenue was $13.8 million, a 16.1% increase from Q3 and a 61.4% increase from Q4 2020. Gross profit rose to $7.9 million, with a gross margin of 57.1%. The full year revenue remained steady at $50.9 million. However, the company posted a net loss of $7.7 million for Q4 and $20.3 million for 2021, with EPS at $(0.21). The company anticipates improved results in 2022, supported by a backlog exceeding $650 million and strategic partnerships.
Sequans Communications (NYSE: SQNS) announces an extension of its 4G/5G licensing agreements with Renesas Electronics (TSE:6723), enhancing market opportunities for Sequans' LTE-M/NB-IoT Monarch 2 and Taurus 5G platforms. This partnership enables Sequans to enter the Indian market and includes a $20 million investment and board nomination for Renesas' Dr. Sailesh Chittipeddi. The multi-year agreements aim to improve manufacturing control, product costs, and expand revenue streams amidst current supply challenges, with closing expected by January 14, 2022.
Sequans Communications (NYSE: SQNS) has partnered with Ubiik, a leader in Industrial IoT solutions, to enhance its advanced metering infrastructure (AMI) in Taiwan. Ubiik will utilize Sequans’ Monarch 2 GM02S LTE-M/NB-IoT module, which boasts advanced security and low power consumption. This collaboration aims to optimize the deployment of smart electricity meters, expanding Ubiik's services beyond electricity to other utilities. Ubiik currently operates one of the largest LPWAN networks for electricity AMI globally and is set to grow its market reach into the US, India, and other regions.
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Sequans Communications (NYSE: SQNS) announced its Cassiopeia CB410L CBRS module powers Monogoto's new CBRSense asset tracker, designed for ultra-low power consumption, allowing it to run for a year on AA batteries. This innovation was unveiled at CES 2022, showcasing a collaboration with SODAQ to bring low-power applications to the CBRS network. The tracker supports various IoT applications, expanding the use of CBRS technology in sectors like smart meters and asset tracking.
Sequans Communications (NYSE: SQNS) will announce its fourth quarter and full year 2021 financial results on February 8, 2022, before market hours. The management will hold a conference call at 8:00 a.m. ET to discuss the results. Investors can access the live call and archived webcast through the Investor Relations section of Sequans' website. Sequans specializes in 5G/4G chips and modules for IoT devices, leveraging its products to address both massive IoT and broadband applications.
Sequans Communications (NYSE: SQNS) announced that Green-GO Digital is utilizing its Cassiopeia CB410L CBRS module for the new Beltpack Sports wireless intercom, aimed at enhancing communications in professional sports. This device operates on LTE technology and CBRS spectrum, allowing private network setups for various sectors. Features include outdoor usability, an intuitive design, and integration capabilities with existing systems. The Beltpack will be showcased at CES 2022, highlighting Sequans' role in advancing cellular IoT connectivity.
Monogoto, a global cloud-based cellular connectivity provider, has integrated CBRSense™, the first multi-purpose low-power IoT sensor, into its network. This sensor operates over private networks, enhancing capabilities for various industries adopting CBRS technology. Developed in partnership with SODAQ and Sequans Communications (NYSE: SQNS), CBRSense™ offers long battery life and low costs, expanding device support in the CBRS network. The companies will showcase this innovation during CES, January 5-8, 2022.
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