STOCK TITAN

Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares) - SQNS STOCK NEWS

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.

Rhea-AI Summary

Powercast Corporation has unveiled a groundbreaking cellular-based RF Wireless Charging Platform at Mobile World Congress in Las Vegas, utilizing Sequans' Monarch technology. By leveraging the lower 600-900 MHz frequency bands, the platform allows mobile carriers to monetize underused frequencies and provide 'Power as a Service' for low-power devices. This technology enables simultaneous charging of various IoT devices and eliminates the need for disposable batteries. The launch aims to enhance the sustainability of smart home ecosystems by combining efficiency with environmentally-friendly solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.04%
Tags
none
-
Rhea-AI Summary

Sequans Communications (NYSE: SQNS) announced a multi-year strategic 5G licensing agreement expected to generate over $50 million in revenue over the first three years. The agreement provides the partner exclusive rights to manufacture and sell the Taurus platform in China, with an initial payment exceeding 25% due within 30 days. CEO Georges Karam stated this partnership will enhance their addressable market and support operational profit targets. The company aims for at least a 10% revenue growth in Q3 2022 with a gross margin exceeding 65%.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.71%
Tags
partnership
-
Rhea-AI Summary

Sequans Communications (NYSE: SQNS) reported its Q2 2022 financial results, noting revenue of $14.2 million, up 2.4% sequentially and 10.6% year-over-year. Gross profit was $8.6 million with a gross margin of 60.7%. The company experienced a $3.1 million net loss, compared to a net profit of $2.0 million in Q1 2022. Notably, the Monarch Cat-M product line saw significant growth, with revenue increase offsetting declines in Broadband services. Cash reserves decreased to $16.8 million at the end of Q2.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.33%
Tags
Rhea-AI Summary

Sequans Communications (NYSE: SQNS) announced that CEO Georges Karam will participate in the Canaccord Genuity 42nd Annual Growth Conference from August 8-11, 2022, in Boston, MA. Sequans will hold one-on-one meetings on August 10 and present at 11:00 am ET in the Griffin/Robinson room. Investors can access a live webcast of the presentation via the Sequans Investor Relations website. Sequans, based in Paris, specializes in 5G/4G solutions for IoT, featuring low power consumption and global deployment capabilities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.81%
Tags
conferences
-
Rhea-AI Summary

Sequans Communications (NYSE: SQNS) announced shareholder approval for Dr. Sailesh Chittipeddi to join its board of directors effective June 24, 2022. Chittipeddi, previously with Renesas Electronics, brings extensive experience in IoT and semiconductor technology, holding numerous patents and degrees. He replaces Alok Sharma, who stepped down after over a decade of service. Dr. Chittipeddi expressed enthusiasm about strengthening the partnership between Sequans and Renesas through his board role, emphasizing mutual success.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.35%
Tags
management
-
Rhea-AI Summary

Sequans Communications S.A. (NYSE: SQNS) will release its second quarter 2022 financial results on August 2, 2022, before market hours. The management will hold a conference call at 8:00 a.m. ET to discuss the results. Investors can dial in using U.S. toll free: 1-877-407-0792 or International: +1-201-689-8263. An archived webcast will be made available on Sequans' investor relations website.

Sequans specializes in 5G/4G chips and modules for IoT devices, offering a comprehensive product portfolio.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.35%
Tags
none
Rhea-AI Summary

Renesas Electronics Corporation has launched two new cloud development kits, CK-RA6M5 and CK-RX65N, designed to integrate its advanced microcontrollers with the RYZ014A Cat-M1 cellular module for seamless cloud connectivity. These kits allow developers to create IoT solutions without complex circuitry designs. They support AWS IoT services and include features such as hardware-based security and multiple connectivity options. Available through worldwide distributors, the kits come with AWS credits and free Cat-M1 data, enhancing the developer experience.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.56%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.89%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
Tags
conferences
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.14%
Tags
none

FAQ

What is the current stock price of Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares) (SQNS)?

The current stock price of Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares) (SQNS) is $2.89 as of December 20, 2024.

What is the market cap of Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares) (SQNS)?

The market cap of Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares) (SQNS) is approximately 70.2M.

What does Sequans Communications S.A. specialize in?

Sequans Communications S.A. specializes in designing and supplying 4G and 5G chips and modules for IoT devices, including smartphones, routers, and industrial applications.

Where is Sequans Communications S.A. headquartered?

Sequans Communications S.A. is headquartered in Paris, France.

What are some key products of Sequans?

Key products include the Monarch LTE-M/NB-IoT and Calliope Cat 1/Cat 1bis platforms, which are known for their low power consumption and comprehensive functionalities.

What recent achievements has Sequans made?

Recent achievements include financial growth from increased LTE-M/NB-IoT shipments, securing funding from the France 2030 initiative, and developing the 5G NR eRedCap chip.

What are Sequans' future plans?

Sequans plans to continue developing advanced 5G solutions, explore strategic partnerships, and expand its product portfolio to enhance its market position in the IoT sector.

Which markets does Sequans serve?

Sequans serves global markets, including Taiwan, Korea, China, Rest of Asia, United States, and the Rest of the world.

Who are Sequans' strategic partners?

Sequans has strategic partnerships with major industry players, including China Mobile, Huawei, and has received funding from the French government under the France 2030 initiative.

What is Sequans' role in the 5G market?

Sequans is actively developing 5G technologies, including the Taurus 5G NR chipset, aimed at providing high-speed connectivity for broadband IoT applications.

How does Sequans support IoT development?

Sequans supports IoT development through its comprehensive product portfolio, providing low power consumption, integrated functionalities, and global deployment capabilities for various IoT applications.

How can investors get more information about Sequans?

Investors can visit the company's website at www.sequans.com, follow Sequans on social media, or contact their investor relations team for more detailed information.

Sequans Communications S.A. American Depositary Shares (each representing ten (10) Ordinary Shares)

NYSE:SQNS

SQNS Rankings

SQNS Stock Data

70.23M
24.05M
3.76%
47.01%
0.94%
Semiconductors
Technology
Link
United States of America
Paris