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Wireless

Sequans meets Q4 outlook, sees stronger sales growth in 2017

Wednesday 15 February 2017 | 12:07 CET | News
Sequans Communications reported fourth-quarter results in line with its outlook and said it expects its strong revenue growth to continue in 2017 as it ramps up its IoT business. Quarterly revenue rose 12.0 percent year-on-year to USD 14.0 million, as higher product sales were partly offset by lower license and service revenues. The lower licence and service revenue led to a drop in the gross margin to 38.2 percent from 42.5 a year ago. The company's net loss narrowed to USD 5.4 million from USD 9.9 million a year ago, and adjusted EPS was a loss of USD 0.06 versus USD 0.08 a year ago.

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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