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 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.
The Global Narrowband IoT (NB-IoT) Chipset Market is projected to reach $7.7 billion by 2028, growing at a CAGR of 51.6%.
This growth is supported by low power consumption, high system capacity, and improved spectrum efficiency, enabling deep coverage for various IoT applications. The market is facing challenges due to the COVID-19 pandemic, impacting supply chains and the availability of connectivity devices.
Despite these challenges, factors like increasing IoT adoption and better battery life for connected devices are expected to drive market expansion.
Sequans Communications S.A. (NYSE: SQNS) will announce its fourth quarter and year-end 2022 financial results on February 14, 2023, during pre-market hours. Following the announcement, a conference call will take place at 8:00 a.m. ET. Investors can access the live and archived webcast via the Investor Relations section on Sequans' website. Sequans specializes in 5G/4G connectivity solutions for IoT devices, offering a range of chip platforms tailored for massive and broadband IoT applications.
Sequans Communications (NYSE: SQNS) announced a partnership with FlorLink to launch the SmartHub retail solution, leveraging Sequans' Monarch cellular IoT technology. The SmartHub enhances retail operations by monitoring sales floor conditions and sending alerts to staff, thus improving security and sales. Recognized for its ease of integration, the Monarch technology has been instrumental in the SmartHub's rapid market introduction. The global IoT retail market is projected to reach $177.9 billion by 2031, emphasizing the growth potential for Sequans' solutions.
Sequans Communications S.A. (NYSE: SQNS), a leader in 5G and 4G solutions, announced that CEO Georges Karam and CFO Deborah Choate will participate in the 25th Needham Growth Conference, scheduled for January 10-12, 2023, in New York City. They will conduct one-on-one meetings on January 10 from 7:15 a.m. to 6:00 p.m. ET and host a group presentation from 10:15-10:55 a.m. ET. Participants should confirm times with the conference organizers. A replay of the presentation will be available for 90 days on Sequans' investor relations website.
Skyworks Solutions (Nasdaq: SWKS) and Sequans Communications (NYSE: SQNS) recently unveiled the SKY66431 SiP, a compact 5G Massive IoT solution. This system-in-package integrates Sequans’ Monarch 2 modem with Skyworks’ RF front-end, forming the smallest LTE-M/NB-IoT connectivity platform. Designed for utility meters and wearable devices, it promises enhanced battery life and performance. With an expected 2.4 billion LPWAN devices by 2026, the SKY66431 is currently in certification, aiming for broad availability in early 2023.
Renesas Electronics has launched the RYZ024A module, enhancing its low-power WAN product line for IoT applications. This module supports both Cat-M1 and NB-IoT connectivity, requiring no gateway, and boasts a power-saving mode of just 1µA. It features an extended voltage range, making it suitable for battery-operated devices. Developed in collaboration with Sequans, the RYZ024A is certified for major RF specifications, enabling seamless integration into IoT systems. Renesas aims to reduce PCB size by 60% and development time by up to 90% with this module. It is available now, with a future upgrade to dual-mode support.
Sequans Communications (SQNS) reported Q3 2022 financial results showing a 39% year-over-year revenue increase to $16.5 million, with gross profit rising to $12.8 million and gross margin at 77.6%. Operating profit turned positive at $1.2 million, while net loss decreased to ($2.9 million). Non-IFRS diluted earnings were $0.01 per ADS. The growth was largely driven by increased licensing revenue, including a new strategic 5G partnership. Despite some supply chain challenges affecting product revenue, the company anticipates growth in product shipments in upcoming quarters.
Sequans Communications (NYSE: SQNS) will release its third-quarter 2022 financial results on November 2, 2022, during pre-market hours. Following this, management will host a conference call at 8:00 a.m. ET. The company specializes in 5G/4G solutions for IoT devices, offering a portfolio that includes Monarch and Calliope chip platforms, optimized for low power consumption and extensive functionalities. An archived webcast will be available post-call on their Investor Relations page.
Ikotek, a leading IoT ODM and EMS provider based in San Diego, is expanding its executive management team to support its growth initiatives. The company has appointed Bill Leunis as Vice President of Finance, Tim Newberg as Vice President of Sales for the US and Canada, and Steve Burrington as Head of North America Engineering. With over 350 dedicated R&D staff, Ikotek aims to enhance its capabilities in delivering IoT solutions across various sectors. CEO Joe Peterson emphasizes the importance of local expertise and quick time-to-market in meeting growing customer demands.
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?
