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.
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.
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.
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%.
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.
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.
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.
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.
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.
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.
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.
