Sequans Communications S A Stock Price, News & Analysis

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.

Sequans Communications (NYSE: SQNS) will release its financial results for Q1 2021 on April 27, 2021, before market open. Management will hold a conference call at 8:00 a.m. ET to discuss the results. Investors can access the live and archived webcast on Sequans' website. The company specializes in 5G and 4G solutions for IoT applications and offers products with low power consumption and global deployment capabilities. Founded in 2003 and based in Paris, Sequans operates globally with multiple offices.

Sequans Communications (NYSE: SQNS) has established a new R&D subsidiary in Salo, Finland, to enhance its 5G and 4G IoT semiconductor solutions. This move aims to leverage the local talent in wireless engineering and is expected to triple the team size by year-end. The new facility is Sequans' eleventh global site and will collaborate closely with its main R&D team in Paris. Sequans continues to lead in massive IoT technology, recently launching the second generation of its 5G-ready platforms and developing the upcoming 5G Taurus broadband IoT platform.

Sequans Communications S.A. (NYSE: SQNS) reported its financial results for the fourth quarter and full-year 2020. Fourth Quarter Highlights: Revenue reached $15.8 million, increasing 11.8% quarter-over-quarter and 58.4% year-over-year. Full-Year Revenue: Totaled $50.9 million, a 65.0% rise from 2019. Gross Margin: Stood at 45.1%, up from 42.0% in Q3 2020 but down from 51.2% in Q4 2019. Net Loss: Registered at $11.3 million, with a full-year loss of $54.5 million. Cash Position: Decreased to $18.5 million from $25.3 million in Q3 2020.