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Wireless

Sequans posts 58% revenue increase in Q4, confirms medium-term growth objective

Tuesday 9 February 2021 | 17:05 CET | News
Sequans Communications reported revenues of USD 15.8 million in the three months to December, up 58.4 percent year-on-year. The company said that it achieved higher than expected sales despite seeing demand for portable routers subside, with a return to pre-pandemic levels. Contract wins at the start of 2021 helped generate the highest-ever backlog, reflecting a strong commercial performance in Sequans' Massive IoT business.

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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