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 |
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.
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
$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
San Diego, California and Paris, France--(Newsfile Corp. - September 30, 2024) - Qualcomm Incorporated, a global leader in high-performance at low-power solutions, through its subsidiary, Qualcomm Technologies, Inc. ("Qualcomm"), and Sequans Communications S.A. (NYSE:SQNS), a supplier of 4G and 5G semiconductor solutions for the Internet of Things (IoT), today announced that they have completed the sale of Sequans' 4G IoT technology to Qualcomm."We are pleased to add Sequans' 4G IoT technology into Qualcomm's broad product portfolio, adding to our robust, low-power solutions for dependable and optimized cellular connectivity for industrial IoT applications," said Nakul Duggal, group general
Paris, France--(Newsfile Corp. - September 27, 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 its Board of Directors has approved a change in the number of its ordinary shares represented by American Depositary Shares, issued by the Bank of New York Mellon as depositary, from 4 ordinary shares per ADS to 10 ordinary shares per ADS. The change in exchange ratio for the ADSs will have the same effect as a 1-for-2.5 reverse stock split of the ADSs. The ADSs will continue to trade on the New York Stock Exchange under the same ticker SQNS but a new CUSIP will be assigned. Sequans' ordina
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)($8.5)($
Strengthens Qualcomm's Industrial IoT portfolio, offering low-power solutions for reliable, optimized cellular connectivity for IoT applications Expands and accelerates Qualcomm's leadership position in digital transformation at the edge Sequans retains license of the 4G IoT Technology for its ongoing use and will continue to serve its IoT markets with a strengthened balance sheetSequans maintains full ownership of its 5G technologyParis, France and San Diego, California--(Newsfile Corp. - August 23, 2024) - Qualcomm Incorporated, (NASDAQ:QCOM), a global leader in high-performance at low-power solutions, through its subsidiary, Qualcomm Technologies, Inc. ("Qualcomm"), and Sequans Communica
Advances on Key Business Initiatives.Reports First Quarter 2024 Summary Financial Results.Paris, France--(Newsfile Corp. - June 18, 2024) - Sequans Communications S.A. (NYSE:SQNS) ("Sequans" or the "Company"), a leading developer and provider of 5G/4G semiconductors and IoT modules, today provided updates on several key business initiatives and an overview of the first quarter financial results ended March 31, 2024.Georges Karam, Sequans CEO, stated, "We have made significant progress on multiple fronts, beginning with the extension of our standstill agreements with our debt holders until the end of August and the signature of a $15 million licensing agreement for our Monarch2 platform with
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Sequans Communications (NYSE:SQNS) reported quarterly Adj losses of $(0.14) per ADS which beat the analyst consensus estimate of $(0.15) by 6.67 percent. This is a 55.56 percent decrease over losses of $(0.09) per share from the same period last year. The company reported quarterly sales of $6.027 million which missed the analyst consensus estimate of $7.200 million by 16.29 percent. This is a 49.35 percent decrease over sales of $11.899 million the same period last year.
This agreement grants our license partner the right to manufacture and market the Monarch 2 chip under their brand name. The deal includes an initial payment of $15 million, with the opportunity for additional revenue in subsequent years.
Ultra-low power consumption of Monarch 2 improves Itron's operational efficiency in smart water solutionsParis, France--(Newsfile Corp. - June 11, 2024) - Sequans Communications S.A. (NYSE:SQNS) announced that Itron has selected Sequans' Monarch 2 LTE-M/NB-IoT technology to connect its newest Intelis wSource smart water meters as part of its strategy to modernize the advanced metering industry (AMI) with cellular connected solutions. The most recent deployment of Intelis is in Queensland, Australia, where the Cairns Regional Council is using the new Itron Intelis system to manage usage, identify leaks, and lower costs in its water distribution system.
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$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
Wednesday, November 2, 2022 at 8:00 a.m. ET PARIS, Sept. 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 third quarter 2022 on Wednesday, November 2, 2022 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, November 2, 2022Time: 8:00 a.m. ET / 13:00 CETDial in: U.S. t
PARIS, Aug. 30, 2022 /PRNewswire/ -- Sequans Communications S.A. (NYSE:SQNS), a leading developer and provider of 5G/4G solutions for IoT devices, today announced the closing of a multi-year, strategic 5G licensing agreement with a new strategic partner. Under the terms of the agreement, the first three years' revenue is expected to be in excess of $50 million. An initial payment in excess of 25% of the license will be received within 30 days of the closing, with additional milestone payments scheduled to be received regularly over the next three years. The partner has the rig