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. reports developments tied to its fabless semiconductor business for 4G and 5G cellular Internet of Things connectivity. Company news commonly covers LTE-M/NB-IoT, 4G LTE Cat 1bis, 5G NR RedCap and eRedCap platforms, RF transceiver technology, design services, technology licensing, and customer platform selections for embedded cellular modems.
Updates also include quarterly and annual financial results, product demonstrations, design-win and production commentary, ADS repurchase activity, Bitcoin digital-asset treasury management, financing actions, and NYSE listing-compliance matters. Sequans serves IoT applications such as secured payment, smart mobility and logistics, smart cities, industrial systems, e-health, and smart homes.
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.
Sequans Communications S.A. (NYSE: SQNS) will release its financial results for Q1 2022 on May 3, 2022, during pre-market hours. A conference call hosted by management will follow at 8:00 a.m. ET. Stakeholders can access the call via dial-in options: U.S. toll-free at 877-407-0792 or Internationally at +1 201-689-8263. An audio replay will be available until May 24, 2022. Sequans specializes in 5G/4G chips for IoT applications, emphasizing low power consumption and extensive functionality, aiming to support a range of global deployment capabilities.
Sequans Communications (NYSE: SQNS) has priced an underwritten public offering of 6,666,667 American Depositary Shares (ADSs) at $3.00 each, representing 26,666,668 ordinary shares. The total expected net proceeds are approximately $18.2 million, excluding any overallotment options. The offering will close on March 15, 2022, subject to customary conditions. The funds will be used for general corporate purposes. B. Riley Securities, Inc. leads the offering, and a 30-day option for underwriters to purchase an additional 1,000,000 ADSs has been granted.
Sequans Communications (NYSE: SQNS) has launched an underwritten public offering of American Depositary Shares (ADSs), each representing four ordinary shares. The offering includes a 30-day option for underwriters to purchase an additional 15% of the ADSs. Proceeds, if completed, will be used for general corporate purposes, including 5G product development. The offering is subject to market conditions and may not be completed as planned. B. Riley Securities is the sole bookrunner for this offering, which is made under the company's existing shelf registration statement.