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 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.
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.
