Sequans grows quarterly revenues 68%

Thursday 4 February 2016 | 14:04 CET | News
Chipmaker Sequans Communications reported fourth-quarter revenues of USD 11.0 million, up 68 percent from a year earlier thanks to growth in LTE products. Its adjusted gross margin rose to 51.8 percent from 34.7 percent a year ago, due to a more favorable revenue mix. The adjusted gross margin excludes a provision for writing down the company's remaining Wimax inventory. The adjusted loss per share was USD 0.07, compared to USD 0.12 a year ago. The figures were in line with Sequans' earlier guidance. The company finished the year with USD 8.7  million in cash, helped by strategic cooperation

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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