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Sequans revenues rise 93% to USD 9.3 mln in Q1

Friday 29 April 2016 | 12:28 CET | News
Chipmaker Sequans Communications said revenues for its first quarter reached USD 9.3 million, down 15 percent from the previous quarter on the back of seasonality effects as well as lower sales to one customer due to an inventory adjustment. Year-on-year, revenues lifted 93 percent due to higher product sales for design wins in both the US and emerging markets, as well as higher other revenue. The gross margin increased to 47.5 percent from 40.0 percent the year earlier, with the adjusted gross margin at 49.5 percent. The operating loss improved to USD 5.2 million from a loss the year before

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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