Sequans Communications S.A. designs, develops, and supplies cellular semiconductor solutions for massive, broadband, and critical Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, the United States, and internationally. It offers a set of 5G/4G chips and modules for non-smartphone devices. For 5G/4G massive IoT applications, the company provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms featuring low power consumption, a set of integrated functionalities, and deployment capability. For 5G/4G broadband and critical IoT applications, Sequans Communications S.A. offers a product portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms optimized for residential, enterprise, and industrial applications. The company serves OEMs and ODMs Customers, as well as 4G and 5G wireless carriers. The company was incorporated in 2003 and is headquartered in Paris, France.
IPO Year:
Exchange: NYSE
Website: sequans.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/8/2023 | $6.50 → $3.03 | Buy → Neutral | B. Riley Securities |
6/24/2021 | $11.00 → $9.00 | Buy | Needham |
B. Riley Securities downgraded Sequans Communications from Buy to Neutral and set a new price target of $3.03 from $6.50 previously
Needham reiterated coverage of Sequans Communications with a rating of Buy and set a new price target of $9.00 from $11.00 previously
Tuesday, February 11, 2025 at 8:00 a.m. ETParis, France--(Newsfile Corp. - January 28, 2025) - Sequans Communications S.A. (NYSE:SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, will release its financial results for the fourth quarter and year end of 2024 on Tuesday, February 11, 2025, during pre-market hours. Following the announcement, Sequans' management will host a conference call at 8:00 a.m. ET.Conference Call DetailsDate:Time:Dial in:Access:Tuesday, February 11, 20258:00 a.m. ET / 14:00 CETU.S. toll-free: 800-717-1738International: +1 646-307-1865When prompted, provide event title or access code 06231. A live and archived webcast of the ca
Strengthens Wireless IP and Expands Business OpportunitiesParis, France--(Newsfile Corp. - January 21, 2025) - Sequans Communications S.A. (NYSE:SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, today announced the acquisition of ACP Advanced Circuit Pursuit AG ("ACP"), a Zurich-based company recognized for its robust IP portfolio and expertise in RF CMOS technology. The acquisition strengthens Sequans' technology leadership in 5G eRedCap development and accelerates its time-to-market for next-generation IoT chips. In addition, ACP's proven radio technology and successful track record in selling its technology across various wireless market segment
$172 million Strategic Deal Proceeds Received on September 30, 2024; $85 Million of Debt Repaid Subsequent to Quarter EndParis, France--(Newsfile Corp. - November 5, 2024) - Sequans Communications S.A. (NYSE:SQNS) ("Sequans" or the "Company"), a leading developer and provider of 5G/4G semiconductors and IoT modules, today announced preliminary financial results for the third quarter ended September 30, 2024.Third Quarter 2024 Summary Preliminary Results Table:(in US$ millions, except share and per share data)Q3 2024 (1)Q2 2024 (1)Q3 2023 Revenue$10.1$$9.7$7.8Gross profit$8.3$$8.1$6.7Gross margin (%)82.5 %84.0%85.8%Operating income (loss)$87.0($3.7)($7.8)Net profit (loss)$72.3($0.9)($9.6)Dilu
Tuesday, November 5, 2024 at 8:00 a.m. ETParis, France--(Newsfile Corp. - October 22, 2024) - Sequans Communications S.A. (NYSE:SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, will release its financial results for the third quarter of 2024 on Tuesday, November 5, 2024, during pre-market hours. Following the announcement, Sequans' management will host a conference call at 8:00 a.m. ET.Conference Call DetailsDate: Tuesday, November 5, 2024Time: 8:00 a.m. ET / 14:00 CETDial in: U.S. toll-free: 800-717-1738International: +1 646-307-1865Access: When prompted, provide event title or access code 1178271.A live and archived webcast of the call wil
Agrees to Sell its 4G IoT Technology for $200M to Qualcomm While Retaining License for Ongoing Use and DevelopmentManagement to Hold a Conference Call Today, August 23, at 8:30 am ET Paris, France--(Newsfile Corp. - August 23, 2024) - Sequans Communications S.A. (NYSE:SQNS) ("Sequans" or the "Company"), a leading developer and provider of 5G/4G semiconductors and IoT modules, today announced preliminary financial results for the second quarter ended June 30, 2024.Second Quarter 2024 Summary Preliminary Results Table:(in US$ millions, except share and per share data)Q2 2024 (1)Q1 2024Q2 2023Revenue$9.7$6.0$9.2Gross profit$8.1$3.9$7.5Gross margin (%)84 %63.9 %82.3 %Operating loss($3.7)($8.5)($
PARIS, May 3, 2023 /PRNewswire/ -- Sequans Communications S.A. (NYSE:SQNS), a leading developer and provider of 5G/4G solutions for IoT devices, today announced financial results for the first quarter ended March 31, 2023, First Quarter 2023 Summary Results Table: (in US$ millions, except share and per share data) Q1 2023 Q4 2022 Q1 2022 Revenue $11.9 $15.9 $13.9 Gross profit 9.3 12.0 9.5 Gross margin (%) 78.5 % 75.3 % 68.1 % Operating profit (loss) (4.0) (1.0) (2.0) Net profit (loss) (5.0) (5.0) 2.0 Diluted earnings (loss) per ADS ($0.10) ($0.10) $0.05 Non-IFRS diluted earni
Wednesday, May 3, 2023 at 8:00 a.m. ET PARIS, March 31, 2023 /PRNewswire/ -- Sequans Communications S.A. (NYSE:SQNS), a leading developer and provider of 5G/4G solutions for IoT devices, will release its financial results for the first quarter of 2023 on Wednesday, May 3, 2023 during pre-market hours. Following the announcement, Sequans' management will host a conference call at 8:00 a.m. ET. Conference Call Details Date: Wednesday, May 3, 2023 Time: 8:00 a.m. ET / 14:00 CET Dial in: U.S. toll free: 844-826-3033International: +1 412-317-5185 Access: When prompted, provide even
PARIS, Feb. 14, 2023 /PRNewswire/ -- Sequans Communications S.A. (NYSE:SQNS), a leading developer and provider of 5G/4G solutions for IoT devices, today announced financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 and Full Year Summary Results Table: (in US$ millions, except share and per share data) Q4 2022 Q3 2022 Q4 2021 Full year2022 Full year 2021 Revenue $15.9 $16.5 $13.8 $60.6 $50.9 Gross profit 12.0 12.8 7.9 42.9 27.2 Gross margin (%) 75.3 % 77.6 % 57.1 % 70.8 % 53.4 % Operating profit (loss) (1.0) 1.2 (4.0) (3.8) (18.3)
Tuesday, February 14, 2023 at 8:00 a.m. ET PARIS, Dec. 30, 2022 /PRNewswire/ -- Sequans Communications S.A. (NYSE:SQNS), a leading developer and provider of 5G/4G solutions for IoT devices, will release its financial results for the fourth quarter and year-end 2022 on Tuesday, February 14, 2023 during pre-market hours. Following the announcement, Sequans' management will host a conference call at 8:00 a.m. ET. Conference Call Details Date: Tuesday, February 14, 2023 Time: 8:00 a.m. ET / 14:00 CET Dial in: U.S. toll free: 877-407-0792 International: +1 201-689-8263 Access: When
PARIS, Nov. 2, 2022 /PRNewswire/ -- Sequans Communications S.A. (NYSE:SQNS), a leading developer and provider of 5G/4G solutions for IoT devices, today announced financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Summary Results Table: (in US$ millions, except share and per share data) Q3 2022 Q2 2022 Q3 2021 Revenue $16.5 $14.2 $11.9 Gross profit 12.8 8.6 5.8 Gross margin (%) 77.6 % 60.7 % 49.2 % Operating profit (loss) 1.2 (2.1) (5.1) Net Profit (Loss) (2.9) (3.2) 0.2 Diluted earnings (loss) per ADS ($0.06) ($0.07) $0.00 Non-IFRS diluted ea
PARIS, April 5, 2022 /PRNewswire/ -- Sequans Communications S.A. (NYSE:SQNS) announced the appointment of Louis (Ping Lin) Chuang to the position of EVP and GM of Sequans Massive IoT business unit. Chuang has been serving as the GM of Sequans' Asia-Pacific region since May 2021, and now takes on an expanded role leading one of Sequans' two primary business units. Prior to joining Sequans, Chuang was senior director of sales and marketing for the Broadband Wireless Access Business Unit at Gemtek, a wireless industry leader and total solutions provider, where he held various positions within the wireless WAN and telecom products divisions since 2003.
New LTE-M/NB-IoT and Cat 1bis Evaluation Kit Featuring Sequans modules and Soracom Connectivity Now AvailableSeattle, Washington and London, United Kingdom and Paris, France--(Newsfile Corp. - January 30, 2025) - Sequans Communications S.A. (NYSE:SQNS), a leading provider of cellular IoT semiconductors and modules, and Soracom, a global provider of cellular IoT connectivity with full MVNO capabilities, today announced the expansion of their partnership. This collaboration aims to simplify the development of IoT projects by offering evaluation kits (EVKs) powered by Soracom's global IoT connectivity.IoT application developers now have access to Sequans' leading LTE-M/NB-IoT and Cat 1bis tech
Tuesday, February 11, 2025 at 8:00 a.m. ETParis, France--(Newsfile Corp. - January 28, 2025) - Sequans Communications S.A. (NYSE:SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, will release its financial results for the fourth quarter and year end of 2024 on Tuesday, February 11, 2025, during pre-market hours. Following the announcement, Sequans' management will host a conference call at 8:00 a.m. ET.Conference Call DetailsDate:Time:Dial in:Access:Tuesday, February 11, 20258:00 a.m. ET / 14:00 CETU.S. toll-free: 800-717-1738International: +1 646-307-1865When prompted, provide event title or access code 06231. A live and archived webcast of the ca
Strengthens Wireless IP and Expands Business OpportunitiesParis, France--(Newsfile Corp. - January 21, 2025) - Sequans Communications S.A. (NYSE:SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, today announced the acquisition of ACP Advanced Circuit Pursuit AG ("ACP"), a Zurich-based company recognized for its robust IP portfolio and expertise in RF CMOS technology. The acquisition strengthens Sequans' technology leadership in 5G eRedCap development and accelerates its time-to-market for next-generation IoT chips. In addition, ACP's proven radio technology and successful track record in selling its technology across various wireless market segment
Partnership bolsters GearTrack's reliability by supplying critical IoT tracking connectivity technologyParis, France--(Newsfile Corp. - January 16, 2025) - Sequans Communications S.A. (NYSE:SQNS), a leading 4G/5G IoT semiconductor company, today announced its partnership with GearTrack, an end-to-end intelligent supply chain management solution that works with shippers to monitor and protect their most critical assets. GearTrack has chosen to integrate the Sequans Monarch® 2 GM02S LTE-M /NB-IoT module into its solution, setting a new benchmark in critical industrial asset tracking and delivering unprecedented efficiency for high-value asset management."Sequans' Monarch module is a game-chang
Paris, France--(Newsfile Corp. - December 3, 2024) - Sequans Communications S.A. (NYSE:SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, today announced that Georges Karam, President and CEO, and Deborah Choate, CFO, will participate in the 27th Annual Needham Growth Conference being held January 14 - 16, 2025, at Lotte NY Palace Hotel in New York City.Sequans' management will conduct one-on-one meetings on Tuesday, January 14, and host a presentation on the same day beginning at 8:45 a.m. ET in the "Stanford" room.A webcast of management’s presentation can be accessed on the Events page of the Company’s website at https://sequans.com/company/inves
$172 million Strategic Deal Proceeds Received on September 30, 2024; $85 Million of Debt Repaid Subsequent to Quarter EndParis, France--(Newsfile Corp. - November 5, 2024) - Sequans Communications S.A. (NYSE:SQNS) ("Sequans" or the "Company"), a leading developer and provider of 5G/4G semiconductors and IoT modules, today announced preliminary financial results for the third quarter ended September 30, 2024.Third Quarter 2024 Summary Preliminary Results Table:(in US$ millions, except share and per share data)Q3 2024 (1)Q2 2024 (1)Q3 2023 Revenue$10.1$$9.7$7.8Gross profit$8.3$$8.1$6.7Gross margin (%)82.5 %84.0%85.8%Operating income (loss)$87.0($3.7)($7.8)Net profit (loss)$72.3($0.9)($9.6)Dilu
Paris, France--(Newsfile Corp. - October 30, 2024) - Sequans Communications S.A. (NYSE:SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, today announced that Georges Karam, President and CEO, and Deborah Choate, CFO, will participate in the 13th Annual Roth Technology Conference being held November 19 - 20, 2024, at the Hard Rock Hotel in New York City. Sequans' management will conduct one-on-one meetings on Wednesday, November 20.For more information about the Roth Technology Conference or to schedule a meeting with Sequans' management, contact your Roth representative. Roth Capital reserves the right to optimize a company's meeting schedule. It i
Tuesday, November 5, 2024 at 8:00 a.m. ETParis, France--(Newsfile Corp. - October 22, 2024) - Sequans Communications S.A. (NYSE:SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, will release its financial results for the third quarter of 2024 on Tuesday, November 5, 2024, during pre-market hours. Following the announcement, Sequans' management will host a conference call at 8:00 a.m. ET.Conference Call DetailsDate: Tuesday, November 5, 2024Time: 8:00 a.m. ET / 14:00 CETDial in: U.S. toll-free: 800-717-1738International: +1 646-307-1865Access: When prompted, provide event title or access code 1178271.A live and archived webcast of the call wil
Paris, France--(Newsfile Corp. - October 8, 2024) - Sequans Communications S.A. (NYSE:SQNS), a leading 4G/5G IoT semiconductor company, announces today that Building36, an Alarm.com company and innovator in smart home solutions, has selected Sequans Monarch® 2 GM02S module to connect its latest thermostat, the Smart Thermostat HQ.The new Smart Thermostat HQ, equipped with Sequans Monarch module, offers unparalleled connectivity and performance, redefining ease of installation for HVAC contractors. Monarch, known for its ultra-low power consumption and robust LTE-M/NB-IoT connectivity, ensures that Building36's thermostat provides reliable and seamless communication, enhancing user experience
The Recent Qualcomm Transaction Boosts Sequans' Capacity to Serve Customers and Further Develop its Massive IoT RoadmapParis, France--(Newsfile Corp. - October 1, 2024) - Sequans Communications S.A. (NYSE:SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, announced today that, following the closing of its transaction with Qualcomm Technologies, Inc. ("Qualcomm"), a subsidiary of Qualcomm Incorporated, it will focus its future investments on addressing the Massive IoT market opportunity with its 4G products and 5G roadmap.A joint press release issued yesterday with Qualcomm announced the successful closing of the sale of Sequans' 4G IoT technology as
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