0
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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Sequans
Countries: World
::: add a comment
This article is part of dossier

IoT


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Sequans moves back to profit in Q3, sees sequentially higher revenues going forward

Published 02 Nov 2021 16:29 CET | World
IoT chipmaker Sequans Communications moved back to profit in the third quarter, with its net result moving to a gain of USD 0.2 ...

Sequans opens new R&D site in Finland

Published 11 Feb 2021 16:32 CET | Finland
Sequans Communications announced that it has established a new subsidiary in Salo, Finland. The new R&D site will support core ...

Withings selects Sequans LTE-M/NB-IoT Monarch 2 platform to connect smart health devices

Published 07 Jan 2021 09:20 CET | World
Sequans Communications announced that Withings selected Sequans' Monarch 2 LTE-M/NB-IoT module as the basis for its next ...

Sequans introduces Calliope 2, next generation LTE Cat 1 platform for IoT apps

Published 06 Jan 2021 15:43 CET | World
Sequans Communications announced that its second-generation LTE Cat 1 chip platform, Calliope 2, will soon be sampling. Calliope ...

Sequans ADS offering raises nearly USD 14 mln

Published 08 Dec 2020 15:51 CET | World
Sequans Communications has priced its offering of 2.5 million American Depositary Shares at USD 5.50 per ADS, raising a total of ...

Sequans launches first IoT module based on new 5G-ready Monarch 2 platform

Published 04 Dec 2020 10:04 CET | World
IoT chipmaker Sequans Communications announced the availability of Monarch 2 GM02S, the successor of the company's Monarch GM01Q ...

Renesas, Sequans to collaborate on mobile IoT modules

Published 23 Oct 2020 08:32 CET | World
Renesas Electronics and Sequans Communications agreed to partner to forge IoT modules based on Sequans' Monarch LTE-M/NB-IoT ...

Telit introduces modules for CBRS networks in the US

Published 05 Oct 2020 14:29 CET | United States
Telit has introduced two new modules designed and built to support CBRS (Citizens Broadband Radio Service) networks in the US. ...

Sequans posts 55% revenue growth in Q2, expects sequential rise in Q3

Published 29 Jul 2020 10:01 CET | World
Sequans Communications reported second-quarter revenues of USD 12.2 million, marginally exceeding guidance. This represents a ...