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Sequans posts 37% revenue drop in Q1, expects revenues to improve in coming quarters

Thursday 9 May 2019 | 17:53 CET | News
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Sequans Communications reported first-quarter revenues of USD 7.0 million, down 37 percent year-on-year (-46% in Q4). The company said that it continued to suffer from weakness in its broadband business and slower than expected progress in LTE-M customer projects. Performance improved sequentially in both the broadband and IoT divisions, with a 16 percent rise in overall revenues quarter-on-quarter, although the project delays experienced by the IoT business negatively impacted the expected rebound.

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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