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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 S.A. (NYSE: SQNS) is hosting a virtual analyst/investor event today at 9:00 a.m. EST, featuring presentations by CEO Georges Karam and CFO Deborah Choate, followed by a Q&A session. The company plans to reaffirm its guidance for Q4 2020, projecting a revenue increase of at least 10% from the previous quarter's $14.1 million, reflecting a growth rate exceeding 60% for the full year compared to 2019. The webcast can be accessed through their investor relations website.
Sequans Communications S.A. (NYSE: SQNS) has partnered with Withings to utilize its Monarch 2 LTE-M/NB-IoT technology in the development of next-generation IoT connected health devices. Withings, known for its variety of health monitoring devices, cites Monarch 2’s advanced features, low power consumption, and small form factor as key benefits. The Monarch 2 GM02S module boasts a 60% power efficiency improvement and unique EAL5+ secure enclave support. Sequans is also participating in CES 2021 to showcase its innovations.
Sequans Communications S.A. (NYSE: SQNS) has announced the upcoming sampling of its second-generation LTE Cat 1 chip platform, Calliope 2. This chip is designed for cost-effective IoT applications requiring VoLTE and data rates over 100 kilobits per second, suitable for devices like wearables and smart home products. Calliope 2 features significant improvements in cost and power consumption, as well as advanced capabilities including EAL5+ secure enclave and integrated VoLTE. It is 5G-ready and compatible with existing IoT technologies, meeting growing demand amidst the phase-out of 2G and 3G networks.
Sequans Communications (NYSE: SQNS) will announce its financial results for Q4 and the full year of 2020 on February 9, 2021, before market hours. A conference call hosted by management will take place at 8:00 a.m. EST. Investors can access the call via a toll-free number and will have the option to listen to a replay until February 16, 2021. Sequans specializes in 5G and 4G chipsets for IoT applications, showcasing its innovative product range designed for various IoT sectors.
Sequans Communications (NYSE: SQNS) will host a virtual Analyst/Investor Event on January 8, 2021, at 9:00 a.m. EST. The event aims to discuss how Sequans is leveraging key trends in 5G and IoT.
It will feature presentations from CEO Georges Karam and CFO Deborah Choate, covering market opportunities, new products, and customer expansions. Attendees can access the live and archived webcast at Sequans website. Financial results for Q4 2020 will be announced on February 9, 2021.
Sequans Communications S.A. (NYSE: SQNS) announced the successful full exercise of an over-allotment option in its recent public secondary offering, bringing in an additional $2.09 million through the sale of 379,494 American Depositary Shares (ADSs). This offering, facilitated by Nokomis Capital Master Fund, L.P., is part of a larger secondary offering that converted $12.4 million in convertible notes. Following the offering, Nokomis holds 9.9% of Sequans' ADSs. CEO Georges Karam highlighted the debt reduction and strengthened balance sheet resulting from this conversion.
Sequans Communications S.A. (NYSE: SQNS) has launched the Monarch GMS01Q LTE IoT module, designed to facilitate quick IoT device connectivity to the Orange LTE-M Network. This third-generation module features Sequans’ Monarch LTE-M/NB-IoT chip platform and offers global roaming capabilities with a pre-integrated Orange SIM card. It supports various IoT applications, including healthcare wearables and smart city devices. Developers can utilize an evaluation kit for rapid prototyping, enhancing the transition from design to industrialization.
Sequans Communications S.A. (NYSE: SQNS) announced a public secondary offering of its American Depositary Shares (ADSs), with each ADS representing four ordinary shares. The offering involves Nokomis Capital Master Fund, LP, converting $12.4 million in convertible notes. The company grants underwriters a 30-day option to purchase an additional 15% of the ADSs sold. Proceeds from the offering will fund general corporate purposes. The offering is subject to market conditions, and the final terms will be disclosed in a prospectus supplement filed with the SEC.
Sequans Communications S.A. (NYSE: SQNS) has launched the Monarch 2 GM02S, the first module based on its second-generation 5G-ready platform. This module boasts a transmit power of 23 dBm and ultra-low power consumption, improving efficiency by 60% compared to its predecessor. Notably, it features an EAL5+ secure enclave supporting integrated SIM capabilities compliant with GSMA standards. Existing customers can seamlessly migrate to this new platform. The company reports positive feedback and engagements from numerous projects involving the Monarch 2 GM02S.
Sequans (NYSE: SQNS) has partnered with Telit to introduce two new modules for Citizens Broadband Radio Service (CBRS) networks in the USA. Utilizing Sequans' Cassiopeia LTE Cat 4/6 chipsets, these modules are designed for private LTE IoT and broadband applications. The modules, LE915A4-P and LE915A6-P, offer features like small LCC packaging and compatibility with various host operating systems, positioning them for widespread adoption in industrial IoT, M2M, and consumer devices. This collaboration aims to leverage the strengths of both companies in a growing market.
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