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Wireless

Sequans Q2 revenues grow to USD 13.2 mln

Friday 4 August 2017 | 12:18 CET | News
Sequans Communications reported revenues of USD 13.2 million for the three months to June, after a reduction of USD 740,000 relating to a product return linked to tablet-related sales in early 2016. Including the impact of this return, year-on-year revenue growth stood at 33.7 percent (41.2% excluding the return), similar to the 33.9 percent reported in the first quarter. Gross margin was 42.1 percent, lower than a year earlier due to a change in the product mix, said the company, while the net loss stood at USD 6.0 million, from USD 5.1 million in Q2 2016.

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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