Sequans Q1 revenues jump 34% on demand for broadband system

Friday 5 May 2017 | 12:37 CET | News
Sequans Communications reported first quarter results in line with expectations as it continues to ramp up its IoT business. Revenues rose almost 34 percent from the year earlier to USD 12.4 million on the back of higher product sales, partly offset by lower license and service revenues. These lower revenues pushed the gross margin lower to 47.1 percent from 47.5 percent but the operating loss narrowed to USD 4.2 million from a loss the year before of 5.2 million. The net loss also narrowed, to USD 5.6 million or a loss of 0.07 per diluted share, from a loss of 9.2 million or 0.16 per

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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