Sequans Communications S A Stock Price, News & Analysis

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.

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.