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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) announced its participation in the 10th Annual Roth Technology Conference, scheduled for November 17-18, 2021. CEO Georges Karam and CFO Deborah Choate will engage in 40-minute one-on-one video meetings during the event. This conference, hosted virtually, offers insights into Sequans' 5G and 4G solutions for broadband and IoT applications. Interested parties can find more information on meeting availability through the Roth Conference website or contact organizers via email.
Sequans Communications S.A. (NYSE: SQNS) reported its Q3 2021 financial results, revealing a revenue of $11.9 million, a 16% decline from Q2 2021 and a 16% decline year-over-year. Despite this, gross profit increased to $5.8 million with a gross margin of 49.2%. The company achieved a net profit of $0.2 million, a significant improvement from a loss of $1.3 million in Q2. Revenue growth in Massive IoT and CBRS Broadband categories was notable, up 118% and 135% respectively, while supply chain challenges limited further expansion.
Sequans Communications (NYSE: SQNS) has partnered with qastle to launch the Smart Alarm™ Controller, enabling homeowners to upgrade existing wired alarm systems to smart systems using Sequans' Monarch Go LTE-M/NB-IoT modem. This all-in-one solution simplifies connectivity, allowing users to retain their current wired sensors. The product features include support for multiple zone types, tamper detection, and robust smartphone control via the qastle app. The Smart Alarm Controller will be showcased at the Mobile World Congress Los Angeles from October 26-28, 2021.
Sequans Communications (NYSE: SQNS) has announced a partnership with JACS Solutions, which has developed a semi-ruggedized tablet using Sequans' Cassiopeia CBRS module. This tablet is designed for connecting to private LTE networks, benefiting enterprises, government, and educational institutions. Key features include LTE CAT 4 or 6 speeds, extended battery life, and the ability to operate in challenging environments. The tablet will be showcased at MWC Los Angeles from October 26-28, 2021.
Sequans Communications (NYSE: SQNS) has announced the integration of iBASIS connectivity in its Monarch 2 GM02S EVK, enabling immediate access to mobile networks with Low Power Wide Area Network (LPWAN) technologies globally. The collaboration includes advanced eSIM technology, allowing users to optimize cellular network selection. A live demonstration featuring the SENSORIIS® air quality sensor, powered by this technology, will occur at the Salon IoT-MtoM in Paris on October 5-6. This partnership aims to enhance IoT applications in various sectors.
Sequans Communications S.A. (NYSE: SQNS) is set to announce its financial results for Q3 2021 on November 2, 2021, before markets open. Management will host a conference call at 8:00 a.m. ET to discuss the results. For participating, callers can dial the U.S. toll-free number 877-407-0792 or the international line at +1 201-689-8263, using access code 13723445. The call will also be available via webcast from the Sequans website, with an audio replay accessible until November 16, 2021.
Tarana announced the addition of Hubert de Pesquidoux to its board of directors, enhancing its leadership team with his extensive experience in telecommunications. Currently an executive partner at Siris Capital and Executive Chairman at Mavenir, Pesquidoux has held key roles such as CFO of Alcatel-Lucent. His insights on Tarana's G1 platform suggest a strong market entry and significant growth potential. CEO Basil Alwan emphasized that Pesquidoux's operational expertise will be vital as Tarana aims to scale its business globally.
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.
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