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Wireless

Sequans posts 5% revenue growth for Q2, expects ongoing supply chain constraints in Q3

Wednesday 4 August 2021 | 08:40 CET | News
IoT chipmaker Sequans Communications generated revenues of USD 12.9 million in the three months to June, up 5.1 percent year-on-year and 4.4 percent from the previous quarter. Performance fell short of the company's guidance (10% sequential growth), primarily due to supply chain constraints for materials. As this environment persists, the chipmaker has decided not to set a revenue objective for the current quarter ending in September.

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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