Sequans Communications S A Stock Price, News & Analysis

Sequans Communications (NYSE: SQNS) and Eseye have launched the world's first multi-carrier integrated SIM (iSIM) solution designed for IoT applications, enhancing global connectivity via an embedded iSIM. This innovative solution supports the GSMA eSIM M2M standard, allowing enterprises to switch carriers seamlessly, reducing deployment complexity and cost while ensuring maximum device uptime and security. The easySWAP technology will be initially available in North America and allows remote network switching without requiring physical SIM changes. The solution aims to optimize design, lower power consumption, and improve ROI for IoT device deployments.

On February 21, 2023, Sequans Communications (NYSE: SQNS) announced that its Monarch 2 LTE-M/NB-IoT platform is being utilized by Next Meters to enhance utility metering solutions in North America. This partnership enables municipalities to benefit from advanced smart metering technology. Next Meters will deploy outdoor metering products that allow for flexible upgrades to existing systems. Adam Paul, CEO of Next Meters, praised Monarch 2 for its superior network performance and security features. The Monarch 2 platform is designed for narrowband IoT applications, ensuring effective connectivity with low power consumption.

The report titled "ICT Role in Smart Grid Development: Technologies, Standards, Markets" has been added to ResearchAndMarkets.com. It explores the integration of Information and Communications Technologies (ICT) in Smart Grid (SG) systems, assessing both wireless and wireline technologies that facilitate energy management and consumption. The report compares various technologies, including both traditional and emerging cellular technologies such as LTE and IoT solutions like SigFox and LoRa. A survey of organizations involved in SG ICT development and market statistics are also included, targeting professionals in SG ICT development and implementation.

Sequans Communications S.A. (NYSE: SQNS) reported its fourth quarter and full year financial results for 2022, achieving $60.6 million in annual revenue, a 19% increase year-over-year. Q4 revenue was $15.9 million, consistent with expectations. Gross margin improved to 75.3% in Q4, aiding a substantial reduction in annual operating loss from $18.3 million in 2021 to $3.8 million in 2022. The company successfully executed a multi-year 5G licensing deal valued at over $50 million and aims to accelerate product shipments and revenue growth in the latter half of 2023. Approximately half of the $700 million revenue pipeline is backed by significant design wins.

The global LTE IoT market, valued at $6.7 billion in 2022, is projected to escalate to $21.5 billion by 2030, achieving a CAGR of 15.7%. Notably, the NB-IoT segment is expected to grow at a 16.7% CAGR, reaching $14.1 billion. The U.S. market stands at $2 billion, while China is anticipated to grow to $3.6 billion by 2030, with a CAGR of 14.7%. Germany, Japan, and Canada are also forecasted to experience steady growth rates. Despite current economic uncertainties, including high inflation and potential recession, opportunities exist for businesses that can adapt to these challenges. Detailed market analysis is available in the full report.

The Global Narrowband IoT (NB-IoT) Chipset Market is projected to reach $7.7 billion by 2028, growing at a CAGR of 51.6%.

This growth is supported by low power consumption, high system capacity, and improved spectrum efficiency, enabling deep coverage for various IoT applications. The market is facing challenges due to the COVID-19 pandemic, impacting supply chains and the availability of connectivity devices.

Despite these challenges, factors like increasing IoT adoption and better battery life for connected devices are expected to drive market expansion.

Sequans Communications S.A. (NYSE: SQNS) will announce its fourth quarter and year-end 2022 financial results on February 14, 2023, during pre-market hours. Following the announcement, a conference call will take place at 8:00 a.m. ET. Investors can access the live and archived webcast via the Investor Relations section on Sequans' website. Sequans specializes in 5G/4G connectivity solutions for IoT devices, offering a range of chip platforms tailored for massive and broadband IoT applications.

Sequans Communications (NYSE: SQNS) announced a partnership with FlorLink to launch the SmartHub retail solution, leveraging Sequans' Monarch cellular IoT technology. The SmartHub enhances retail operations by monitoring sales floor conditions and sending alerts to staff, thus improving security and sales. Recognized for its ease of integration, the Monarch technology has been instrumental in the SmartHub's rapid market introduction. The global IoT retail market is projected to reach $177.9 billion by 2031, emphasizing the growth potential for Sequans' solutions.

Sequans Communications S.A. (NYSE: SQNS), a leader in 5G and 4G solutions, announced that CEO Georges Karam and CFO Deborah Choate will participate in the 25th Needham Growth Conference, scheduled for January 10-12, 2023, in New York City. They will conduct one-on-one meetings on January 10 from 7:15 a.m. to 6:00 p.m. ET and host a group presentation from 10:15-10:55 a.m. ET. Participants should confirm times with the conference organizers. A replay of the presentation will be available for 90 days on Sequans' investor relations website.