Sequans revenue up 33% in Q3, opg loss narrows

Friday 28 October 2016 | 08:46 CET | News
Sequans Communications reported third-quarter revenue of USD 12.5 million, up 26 percent from Q3 and 33 percent higher year-on-year. Its gross margin improved to 46.8 percent from 44.6 in the previous quarter and 40.8 a year ago. The operating loss narrowed to USD 4.0 million from USD 4.2 million a year earlier, while the net loss was unchanged at USD 5.1 million. Sequans ended the quarter with USD 24.7 million in cash, which includes the proceeds from selling 12.5 million shares in September. The underwriter purchased an additional 0.5 million shares under the over-allotment option in

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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