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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.
Global cellular baseband market reached
Sequans Communications S.A. (NYSE: SQNS) reported Q2 2021 financial results, showing revenue of $12.9 million, up from $12.3 million in Q1 2021. The gross profit increased to $7.3 million with a gross margin of 56.6%. Operating loss improved to ($3.4 million), and net loss narrowed to ($1.3 million). Massive IoT drove a 120% year-over-year revenue increase. The company’s business pipeline exceeds $600 million, with design wins rising to $280 million. Despite supply chain challenges, Sequans remains optimistic about future growth.
Sequans Communications S.A. (NYSE: SQNS) will announce its financial results for Q2 2021 on August 3, 2021, during pre-market hours. A conference call is scheduled for 8:00 a.m. ET, with an option for live and archived webcasts available on Sequans' investor relations site. The company specializes in 5G and 4G solutions for IoT, providing various chip platforms known for low power consumption and broad deployment capabilities. Founded in 2003 and headquartered in Paris, Sequans has a global presence across multiple countries.
Sequans Communications (NYSE: SQNS) announced that BEC Technologies is utilizing its Cassiopeia Cat 4 CBRS module for a 4G/LTE router aimed at facilitating cost-effective distance learning solutions for schools during the Covid-19 pandemic. The router is designed for easy self-installation, offering reliable connectivity. The demand for such solutions has increased significantly, reflecting the educational sector's need for high-speed, secure internet access. Sequans provides robust, cost-effective modules, supporting the growing reliance on private CBRS networks.
Sequans Communications S.A. (NYSE: SQNS) announced participation in the 7th Annual Roth Virtual London Conference from June 21 to 23, 2021. CEO Georges Karam and CFO Deborah Choate will engage in video one-on-one meetings on June 21st and 22nd, between 7:00 AM and 11:30 AM Eastern time. This event is aimed at showcasing Sequans' 5G and 4G solutions for IoT applications. For scheduling, attendees are encouraged to contact their representatives or the event organizers via this link.
Sequans Communications (NYSE: SQNS) has partnered with AmericanPharma Technologies to provide cellular IoT connectivity for the PharmaWatch™ vaccine monitoring system, which is crucial for monitoring Covid-19 vaccine shipments. Utilizing Sequans' Monarch technology, PharmaWatch uploads temperature data every 5 minutes via a secure LTE-M network. This partnership bolsters compliance with CDC regulations, ensuring vaccine efficacy during transport and storage. The PharmaWatch system monitors extreme temperatures, has quick self-installation, and incorporates advanced technology to minimize false alerts.
Sequans Communications S.A. (NYSE: SQNS) has announced its participation in the virtual Needham Technology and Media Conference from May 17-20, 2021. CEO Georges Karam and CFO Deborah Choate will hold one-on-one meetings on May 17 and May 18 from 8:00 am to 1:30 pm ET. A fireside chat is scheduled for May 17 from 8:00 am to 8:40 am ET. Interested parties can contact their representatives or email conferences@needhamco.com for more information. The conference webcast will be available on the company’s investor relations site for 90 days.
Sequans Communications S.A. (NYSE: SQNS) reported its Q1 2021 financial results, highlighting a revenue of $12.3 million, a decline from $15.8 million in Q4 2020, and $8.8 million in Q1 2020. The gross profit was $6.2 million, with a gross margin of 50.1%. However, the company incurred an operating loss of ($5.8 million) and a net loss of ($11.4 million). The financial results reflect a challenging quarter, with a need for improvement moving forward.
Sequans Communications S.A. (NYSE: SQNS) announced a $50 million private financing with Lynrock Lake Master Fund LP, including $10 million in American Depository Shares and $40 million in convertible debt. The financing, which closes on April 9, 2021, aims to strengthen Sequans' balance sheet and support its Massive IoT business. The proceeds will be used to repay existing debt and for general corporate purposes. Lynrock Lake, an existing shareholder, emphasizes the partnership's alignment with Sequans' 5G development goals.
Sequans Communications S.A. (NYSE: SQNS) has filed its Annual Report on Form 20-F for the year ended December 31, 2020, with the SEC. The report, which includes the company's complete audited financial statements for 2020, is accessible on Sequans' website and the SEC’s site. Shareholders can request a printed version of the report free of charge. Sequans, established in 2003 and headquartered in Paris, specializes in 5G and 4G solutions for various IoT applications, offering a diversified portfolio of chips and modules.
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