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Wireless

Sequans posts better than expected revenue growth, sees further sequential rise in Q4

Wednesday 28 October 2020 | 08:34 CET | News
Sequans Communications reported revenues of USD 14.1 million in the three months to September, representing more than a twofold increase from the restated USD 6.5 million generated in the year-earlier period. Quarter-on-quarter growth stood at 15.5 percent (+39.4% in Q2), and was higher than the 10 percent guidance provided at the end of July. CEO Georges Karam said that performance in the Broadband IoT segment exceeded expectations, helped by an easing of supply chain issues, while the Massive IoT business progressed in line with estimates.

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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