Sequans Communications S A Stock Price, News & Analysis

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 $7.2 billion in Q2 2021 with a 16% growth. Qualcomm leads the market with a 52% revenue share, followed by MediaTek at 30% and Samsung LSI at 10%. Meanwhile, 5G basebands comprised nearly two-thirds of total revenue. Notably, Sequans and Nordic Semiconductor faced challenges due to supply constraints but are expected to expand in 2022. HiSilicon suffered an 82% shipment drop due to trade sanctions, impacting their market position significantly.

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.