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Sequans Q2 sales up 32 percent to USD 10 mln

Thursday 28 July 2016 | 17:04 CET | News
4G fabless chipmaker Sequans Communications said revenues for its second quarter were USD 9.9 million, up 32 percent from a year earlier and up 6.5 percent sequentially, driven by significant growth in product revenue from home and portable routers and shipments of Cat 1 chips for Internet of Things (IoT) applications. The company expects product shipments to accelerate in the second half and set guidance for third-quarter sales of USD 11.5-13.5 million, with a gross margin above 40 percent.

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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