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Wireless

Sequans reduces loss in Q2, sees return to profit for 2016

Thursday 23 July 2015 | 13:01 CET | News
Chipmaker Sequans reported second quarter revenues of USD 7.5 million, up 48 percent from the year before due to an increase in revenues from the LTE markets, primarily from new design wins in the US. CEO Georges Karam said 2016 will be a year of accelerating growth, with a transition to profitability. The gross margin slid to 36.3 percent from 41.3 percent, due to a less favorable revenue mix. The non-IFRS gross margin went lower to 36.4 percent from 41.5 percent. The operating loss narrowed to USD 6.0 from a loss the year earlier of 8.7 million. The net loss was reduced to USD 7.1 million

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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