Welcome to our dedicated page for Sequans Communications S A news (Ticker: SQNS), a resource for investors and traders seeking the latest updates and insights on Sequans Communications S A stock.
Sequans Communications S.A. (NYSE: SQNS) is a fabless semiconductor company specializing in 4G/5G cellular IoT technology and a self-described pioneer in Bitcoin treasury. The SQNS news page on Stock Titan aggregates company announcements, press releases, and market updates so readers can follow how Sequans develops its IoT semiconductor platforms and manages its Bitcoin-focused treasury strategy.
In its news flow, Sequans regularly highlights technology partnerships and design wins, such as selections of its Calliope 2 LTE Cat 1bis and Monarch LTE-M/NB-IoT platforms for embedded cellular modem solutions and zero-energy IoT infrastructure monitoring. These items help investors and industry observers see where Sequans’ platforms are being adopted across applications like smart cities, industrial IoT, transportation, healthcare, and critical infrastructure.
Sequans news also covers capital markets and corporate actions, including ADS repurchase programs, equity private placements, and the use of Bitcoin holdings to redeem a portion of its convertible debt. The company has issued releases on topics such as redeeming 50% of its convertible debt through Bitcoin sales, updating its buyback programs, and reporting preliminary quarterly financial results that include both IFRS and non-IFRS measures.
Another recurring theme in SQNS news is exchange listing and investor events. Sequans has reported on NYSE listing compliance status, including regaining compliance with continued listing standards, and on participation in investor conferences and growth conferences where management presents the company’s IoT and Bitcoin treasury strategies.
By reviewing the SQNS news feed, readers can monitor product platform updates, partnership announcements, treasury and capital allocation decisions, and regulatory disclosures in one place. Investors and followers of cellular IoT and Bitcoin treasury strategies may find it useful to check this page regularly for the latest company-issued information.
Sequans Communications (NYSE: SQNS) announced shareholder approval for Dr. Sailesh Chittipeddi to join its board of directors effective June 24, 2022. Chittipeddi, previously with Renesas Electronics, brings extensive experience in IoT and semiconductor technology, holding numerous patents and degrees. He replaces Alok Sharma, who stepped down after over a decade of service. Dr. Chittipeddi expressed enthusiasm about strengthening the partnership between Sequans and Renesas through his board role, emphasizing mutual success.
Sequans Communications S.A. (NYSE: SQNS) will release its second quarter 2022 financial results on August 2, 2022, before market hours. The management will hold a conference call at 8:00 a.m. ET to discuss the results. Investors can dial in using U.S. toll free: 1-877-407-0792 or International: +1-201-689-8263. An archived webcast will be made available on Sequans' investor relations website.
Sequans specializes in 5G/4G chips and modules for IoT devices, offering a comprehensive product portfolio.
Renesas Electronics Corporation has launched two new cloud development kits, CK-RA6M5 and CK-RX65N, designed to integrate its advanced microcontrollers with the RYZ014A Cat-M1 cellular module for seamless cloud connectivity. These kits allow developers to create IoT solutions without complex circuitry designs. They support AWS IoT services and include features such as hardware-based security and multiple connectivity options. Available through worldwide distributors, the kits come with AWS credits and free Cat-M1 data, enhancing the developer experience.
Sequans Communications S.A. (NYSE: SQNS) reported strong first-quarter 2022 results, with revenue of $13.9 million, up 12% year-over-year. Adjusting for a $1.1 million Verizon Jetpack contribution in Q1 2021, growth was 23.7%. Gross profit surged to $9.5 million, yielding a gross margin of 68.1%. The company narrowed its operating loss to $2.0 million and achieved a net profit of $2.0 million. Significant growth in the LTE-M/NB business and increased service revenue from 5G agreements were key drivers. The company is finalizing a strategic partnership expected to fund further 5G investments.
Sequans Communications S.A. (NYSE: SQNS) announced its participation in the B. Riley 22nd Annual Institutional Investor Conference from May 24-26, 2022, at The Beverly Hilton Hotel, Beverly Hills, California. CEO Georges Karam and CFO Deborah Choate will engage in one-on-one meetings on May 26 and host a fireside chat on the same day. For scheduling or inquiries, attendees can contact event organizers via email at conference@brileyfin.com. Sequans specializes in 5G and 4G IoT solutions, providing advanced connectivity for various applications.
According to a new report from Strategy Analytics, the global cellular baseband processor market reached $31.4 billion in 2021, reflecting a 19.5% growth. Qualcomm led the market with a 56% revenue share, while MediaTek gained momentum with a tripling of its 5G baseband shipments. Notably, 5G revenues surged by 71% year-over-year, accounting for 66% of total revenue. Cellular IoT vendors, including Sequans, also gained traction amidst supply constraints, showcasing a diverse portfolio that extends into automotive and IoT applications.
Sequans Communications (NYSE: SQNS) announced its Monarch cellular IoT technology is powering the Infrafon CC1 Smart Badge, unveiled at Mobile World Congress. This intelligent name tag offers cloud-based controls and a variety of functions, including healthcare data and NFC credentials, displayed on an e-paper screen. The Monarch 2 GM02S LTE-M/NB-IoT module ensures low power consumption and reliable connectivity. The device is designed for extended use without battery intervention, highlighting its practicality for sectors like healthcare and workplace safety.
Sequans Communications (NYSE: SQNS) has appointed Louis Chuang as the new EVP and GM of its Massive IoT business unit, a pivotal role in driving growth as the company transitions from 4G to 5G technology. Chuang, who previously managed the Asia-Pacific region, replaces Didier Dutronc, who will take an advisory position. Chuang aims to enhance customer experience and increase market share by leveraging Sequans' innovative product portfolio, which includes industry-leading solutions for low-power cellular IoT applications. This strategic leadership change signals Sequans' commitment to advancing its IoT strategy.
Sequans Communications S.A. (NYSE: SQNS) has successfully closed its public offering of American Depositary Shares (ADS), totaling 7,666,667 ADS at $3.00 each. The offering included an additional 1,000,000 ADS, generating approximately $20.9 million in net proceeds. The underwriters fully exercised their option for additional ADS, enhancing the company’s financial position. This public offering was conducted under the SEC’s shelf registration statement filed in November 2020, with prospectus documents available for investors.
Sequans Communications (NYSE: SQNS) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2021, with the SEC. The report includes complete audited financial statements for 2021, available on Sequans' website and the SEC's site. Shareholders can request a print version of the report through the company's investor relations section or via email. Sequans is a major provider of 5G and 4G solutions for both broadband and massive IoT, offering a diverse range of low-power chip platforms designed for global applications.
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