Sequans Communications S A Stock Price, News & Analysis

Sequans Communications S.A. (NYSE: SQNS) will release its financial results for Q1 2022 on May 3, 2022, during pre-market hours. A conference call hosted by management will follow at 8:00 a.m. ET. Stakeholders can access the call via dial-in options: U.S. toll-free at 877-407-0792 or Internationally at +1 201-689-8263. An audio replay will be available until May 24, 2022. Sequans specializes in 5G/4G chips for IoT applications, emphasizing low power consumption and extensive functionality, aiming to support a range of global deployment capabilities.

Sequans Communications (NYSE: SQNS) has priced an underwritten public offering of 6,666,667 American Depositary Shares (ADSs) at $3.00 each, representing 26,666,668 ordinary shares. The total expected net proceeds are approximately $18.2 million, excluding any overallotment options. The offering will close on March 15, 2022, subject to customary conditions. The funds will be used for general corporate purposes. B. Riley Securities, Inc. leads the offering, and a 30-day option for underwriters to purchase an additional 1,000,000 ADSs has been granted.

Sequans Communications (NYSE: SQNS) has launched an underwritten public offering of American Depositary Shares (ADSs), each representing four ordinary shares. The offering includes a 30-day option for underwriters to purchase an additional 15% of the ADSs. Proceeds, if completed, will be used for general corporate purposes, including 5G product development. The offering is subject to market conditions and may not be completed as planned. B. Riley Securities is the sole bookrunner for this offering, which is made under the company's existing shelf registration statement.

Sequans Communications (NYSE: SQNS) announced the certification of its Monarch 2 LTE-M/NB-IoT GM02S module by Deutsche Telekom. This second-generation module targets massive IoT applications and offers ultra-low power consumption with global deployment capabilities. Didier Dutronc of Sequans highlighted the certification's importance for enhancing connectivity for Deutsche Telekom's IoT customers. The Monarch 2 GM02S is notable for its backward compatibility with the first-generation Monarch platform, integrated MCU, and Single-SKU™ RF front end, designed for seamless interoperability with both LTE and 5G networks.

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.