Welcome to our dedicated page for Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares) news (Ticker: SQNS), a resource for investors and traders seeking the latest updates and insights on Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares) stock.
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.
The 5G IoT Market is projected to expand from
Key growth drivers include heavy investments in IoT solutions, with the professional services segment leading during the forecast period.
Small and medium enterprises (SMEs) will experience the fastest growth rate, while the manufacturing sector is expected to dominate overall market share.
The Asia Pacific region, led by China, Japan, India, and Australia, is identified as the fastest-growing area for 5G IoT.
iBASIS and Sequans (NYSE: SQNS) have partnered with Actility to deliver advanced eSIM and iSIM solutions for programmable cellular IoT applications. This collaboration highlights their commitment to enhancing connectivity solutions, with integrated deployments expected to account for up to 82% of total eSIM-capable device shipments by 2030. Following over three years of R&D, their innovative technology promises lower costs and energy savings by eliminating the need for separate SIM chips. The widespread adoption of iSIM is anticipated, with shipments projected to reach 7 billion units between 2021 and 2030.
Sequans Communications S.A. (NYSE: SQNS), a prominent provider of 5G/4G solutions for IoT, will participate in the 35th Annual Roth Conference from March 12-14, 2023, in Laguna Beach, California. CEO Georges Karam and CFO Deborah Choate will represent the company. Management meetings are scheduled for March 13-14, and a fireside chat will occur on March 14 from 11:30-11:55 a.m. PDT. Interested parties should confirm times with Roth MKM. The conference presentation and a replay will be available for 90 days on Sequans' investor relations website.
iBASIS and Sequans (SQNS) have been chosen by Actility to deliver programmable cellular IoT solutions utilizing eSIM and iSIM technology. This collaboration comes after over three years of research and development, positioning both companies at the forefront of the IoT market. The integrated deployments are projected to account for up to 82% of total eSIM-capable device shipments by 2030. The new iSIM technology, which integrates SIM functionality into the modem, is anticipated to enhance device design while reducing energy consumption and supply chain costs. Additionally, global shipments of iSIM-capable devices are expected to reach 7 billion by 2030.
Sequans (NYSE: SQNS) and Thales are collaborating to launch an integrated SIM (iSIM) solution that meets the latest GSMA SGP.31/.32 eSIM IoT specifications, built on Sequans' LTE-M/NB-IoT Monarch 2 chip. This new architecture enhances remote SIM provisioning, enabling service providers and OEMs to efficiently manage large fleets of IoT devices without substantial investments. The joint solution aims to simplify connectivity management, improve resilience, and support the lifecycle continuity of IoT devices. Available in 2024, this technology is designed for scalability and security, promising significant advancements for the IoT sector.
Sequans Communications (NYSE: SQNS) and Eseye have launched the world's first multi-carrier integrated SIM (iSIM) solution designed for IoT applications, enhancing global connectivity via an embedded iSIM. This innovative solution supports the GSMA eSIM M2M standard, allowing enterprises to switch carriers seamlessly, reducing deployment complexity and cost while ensuring maximum device uptime and security. The easySWAP technology will be initially available in North America and allows remote network switching without requiring physical SIM changes. The solution aims to optimize design, lower power consumption, and improve ROI for IoT device deployments.
On February 21, 2023, Sequans Communications (NYSE: SQNS) announced that its Monarch 2 LTE-M/NB-IoT platform is being utilized by Next Meters to enhance utility metering solutions in North America. This partnership enables municipalities to benefit from advanced smart metering technology. Next Meters will deploy outdoor metering products that allow for flexible upgrades to existing systems. Adam Paul, CEO of Next Meters, praised Monarch 2 for its superior network performance and security features. The Monarch 2 platform is designed for narrowband IoT applications, ensuring effective connectivity with low power consumption.
The report titled "ICT Role in Smart Grid Development: Technologies, Standards, Markets" has been added to ResearchAndMarkets.com. It explores the integration of Information and Communications Technologies (ICT) in Smart Grid (SG) systems, assessing both wireless and wireline technologies that facilitate energy management and consumption. The report compares various technologies, including both traditional and emerging cellular technologies such as LTE and IoT solutions like SigFox and LoRa. A survey of organizations involved in SG ICT development and market statistics are also included, targeting professionals in SG ICT development and implementation.
Sequans Communications S.A. (NYSE: SQNS) reported its fourth quarter and full year financial results for 2022, achieving $60.6 million in annual revenue, a 19% increase year-over-year. Q4 revenue was $15.9 million, consistent with expectations. Gross margin improved to 75.3% in Q4, aiding a substantial reduction in annual operating loss from $18.3 million in 2021 to $3.8 million in 2022. The company successfully executed a multi-year 5G licensing deal valued at over $50 million and aims to accelerate product shipments and revenue growth in the latter half of 2023. Approximately half of the $700 million revenue pipeline is backed by significant design wins.
The global LTE IoT market, valued at $6.7 billion in 2022, is projected to escalate to $21.5 billion by 2030, achieving a CAGR of 15.7%. Notably, the NB-IoT segment is expected to grow at a 16.7% CAGR, reaching $14.1 billion. The U.S. market stands at $2 billion, while China is anticipated to grow to $3.6 billion by 2030, with a CAGR of 14.7%. Germany, Japan, and Canada are also forecasted to experience steady growth rates. Despite current economic uncertainties, including high inflation and potential recession, opportunities exist for businesses that can adapt to these challenges. Detailed market analysis is available in the full report.
FAQ
What is the current stock price of Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares) (SQNS)?
What is the market cap of Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares) (SQNS)?
What does Sequans Communications S.A. specialize in?
Where is Sequans Communications S.A. headquartered?
What are some key products of Sequans?
What recent achievements has Sequans made?
What are Sequans' future plans?
Which markets does Sequans serve?
Who are Sequans' strategic partners?
What is Sequans' role in the 5G market?
How does Sequans support IoT development?
How can investors get more information about Sequans?
