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 leading designer of cellular IoT chips and modules, enabling 4G/5G connectivity for global industries. This page aggregates all company announcements, financial updates, and technology developments in one centralized location.
Investors and industry professionals will find timely updates on earnings reports, product launches, and strategic partnerships. Our curated collection includes press releases covering technological innovations, market expansions, and corporate milestones relevant to SQNS stakeholders.
Key content categories include quarterly financial results, IoT semiconductor advancements, licensing agreements, and operational updates. All materials are sourced directly from Sequans' communications and verified financial channels to ensure reliability.
Bookmark this page for streamlined access to Sequans' latest developments in cellular connectivity solutions. Check back regularly for real-time updates that matter to your investment and market analysis decisions.
Sequans Communications (NYSE: SQNS) has announced a partnership with GearTrack to integrate Sequans' Monarch 2 GM02S LTE-M/NB-IoT module into GearTrack's asset tracking solution. The collaboration aims to enhance supply chain management and asset tracking capabilities.
GearTrack's solution, featuring IP67-rated sensors, is designed to monitor and protect critical assets across supply chains, operating in both indoor and outdoor environments. The system integrates with enterprise systems including ERP, PLM, and MES to provide real-time data insights and customizable alerts.
The implementation of Sequans' Monarch module was chosen for its superior connectivity and power efficiency, enabling GearTrack to deliver improved asset management solutions that offer rapid ROI. The partnership focuses on providing seamless, energy-efficient connectivity for industrial asset tracking applications.
Sequans Communications (NYSE: SQNS) has announced its participation in the 27th Annual Needham Growth Conference, scheduled for January 14-16, 2025, at Lotte NY Palace Hotel in New York City. Georges Karam, President and CEO, and Deborah Choate, CFO, will represent the company, conducting one-on-one meetings and delivering a presentation on January 14 at 8:45 a.m. ET in the Stanford room. The presentation will be accessible via webcast on the company's website. Interested parties can schedule meetings through their Needham representatives.
Sequans Communications reported preliminary Q3 2024 financial results, highlighting receipt of $172 million from a strategic deal with Qualcomm and subsequent repayment of $85 million in debt. Revenue reached $10.1 million, up from $9.7 million in Q2 2024 and $7.8 million in Q3 2023. The company posted a net profit of $72.3 million, compared to losses in previous quarters. Gross margin was 82.5%. Management anticipates product revenue growth starting Q4 2024 and continuing into 2025, with breakeven expected in 2026. Operating expenses are targeted to decrease in 2025.
Sequans Communications (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, has announced its participation in the 13th Annual ROTH Technology Conference. The event will take place at the Hard Rock Hotel in New York City on November 19-20, 2024.
Company executives Georges Karam (President and CEO) and Deborah Choate (CFO) will conduct one-on-one meetings on November 20. Interested parties are advised to contact their Roth representative for scheduling meetings, subject to conference organizers' optimization.
Sequans Communications S.A. (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, has announced its upcoming conference call to review third quarter 2024 financial results. The call is scheduled for Tuesday, November 5, 2024, at 8:00 a.m. ET.
Key details include:
- Financial results release: Pre-market hours on November 5, 2024
- Conference call time: 8:00 a.m. ET / 14:00 CET
- U.S. toll-free dial-in: 800-717-1738
- International dial-in: +1 646-307-1865
- Access code: 1178271
A live and archived webcast will be available on the Sequans website. An audio replay will be accessible until November 12, 2024.
Sequans Communications S.A. (NYSE: SQNS) announces that Building36, an Alarm.com company, has chosen Sequans Monarch® 2 GM02S module to power its new Smart Thermostat HQ. The thermostat, launched on October 2, 2024, features cellular connectivity, eliminating WiFi-related issues. Key features include:
- One-step customer setup
- Built-in smart home hub
- Near-instant connection
The Monarch module's ultra-low power consumption and robust LTE-M/NB-IoT connectivity ensure reliable communication and enhanced energy management. This collaboration aims to simplify installation for HVAC contractors and provide homeowners with a more reliable, energy-efficient smart home experience.
Sequans Communications S.A. (NYSE: SQNS) has announced its commitment to the Massive IoT market following the closure of its transaction with Qualcomm Technologies, Inc. The company received $182 million in cash, with an additional $18 million credited towards the $200 million purchase price. Sequans retains a perpetual license to use, commercialize, and advance its 4G IoT technology.
The company will focus on supporting its 4G LTE-M/NB-IoT and Cat 1bis product line, while developing a roadmap towards low-power 5G variants for Massive IoT, including RedCap and eRedCap. This strategy aims to provide customers with a seamless migration path from 4G to 5G IoT technologies.
Industry leaders from Itron, Geotab, AT&T, and ABI Research have expressed support for Sequans' strengthened position and future innovations in the IoT market.
Qualcomm and Sequans Communications (NYSE: SQNS) have completed the sale of Sequans' 4G IoT technology to Qualcomm. This acquisition strengthens Qualcomm's position in low-power cellular connectivity solutions for industrial IoT applications. Sequans retains a perpetual license to continue using, commercializing, and advancing these technologies.
Georges Karam, CEO of Sequans, emphasized that this transaction validates their technology strength and ensures continued support for their 4G portfolio. Sequans remains well-positioned in the market with a robust balance sheet and a comprehensive portfolio including LTE-M/NB-IoT, LTE Cat 1bis, and upcoming 5G Redcap/eRedCap technology. Qualcomm plans to integrate these 4G IoT technologies into its purpose-built connectivity solutions for IoT.
Sequans Communications (NYSE: SQNS) announced preliminary Q2 2024 financial results and a significant deal with Qualcomm. Key points:
1. Q2 revenue: $9.7M, up 5.4% YoY and 60.5% QoQ
2. Qualcomm to acquire Sequans' 4G IoT technologies for $200M
3. Sequans retains 5G IP and license for ongoing 4G use
4. Q2 gross margin: 84%, up from 63.9% in Q1
5. Operating loss: $3.7M, improved from $8.5M in Q1
6. Net loss: $0.9M ($0.01 per ADS), better than $11.8M in Q1
7. Cash position: $13.1M as of June 30, 2024
The Qualcomm deal is expected to close by October 2024, subject to French regulatory approval. Sequans anticipates modest product revenue growth in Q3 and stronger performance in Q4 2024.
Qualcomm and Sequans have reached an agreement for Qualcomm to acquire Sequans' 4G IoT technologies, including certain employees, assets, and licenses. This acquisition aims to strengthen Qualcomm's Industrial IoT portfolio and accelerate its leadership in digital transformation at the edge. Sequans will retain a license for the 4G IoT technology and continue serving its IoT markets with an improved balance sheet.
The transaction, subject to French regulatory approval, will enhance Qualcomm's offerings of low-power solutions for reliable, optimized cellular connectivity in IoT applications. Sequans maintains full ownership of its 5G technology and will use the capital from this deal to further invest in its IoT business ambitions, including the development of its 5G portfolio.
