0
Wireless

Sequans trims Q1 revenue guidance in view of Covid-19

Wednesday 1 April 2020 | 09:57 CET | News
Sequans Communications has updated its financial outlook for the three months to March due to the impact of the Covid-19 crisis, saying that it expects revenues to fall slightly quarter-on-quarter to USD 8.7-8.8 million, from USD 9.2 million generated in the December quarter. In its previous revenue guidance, issued in February, the company was targeting flat to slightly higher revenues sequentially.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Sequans
Countries: World
::: add a comment
This article is part of dossier

5G

,

Coronavirus

,

IoT


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Digi International introduces Digi IX20 industrial router

Published 29 Jun 2020 16:50 CET | World
Digi International launched the Digi IX20, a LTE router designed for industrial infrastructure, location monitoring and ...

Sequans raises almost USD 30 mln from share offering, including greenshoe

Published 05 Jun 2020 11:13 CET | World
Sequans said it has raised almost USD 30 million from its offering of American Depositary Shares (ADS), including the greenshoe ...

CoreKinect, Sequans partner to create location monitoring platform

Published 27 May 2020 18:19 CET | World
Sequans Communications and CoreKinect announced Zenith, a new line of asset trackers connected by Sequans' Monarch GM01Q module. ...

Sequans starts share offering to raise money for 5G development

Published 12 May 2020 11:05 CET | World
Sequans Communications said it has started an underwritten public offering of American Depositary Shares (ADS). Each of the ...

Sequans grows revenue to USD 9 mln in Q1, expects to reach USD 12 mln in Q2

Published 24 Apr 2020 08:40 CET | World
Sequans Communications generated first-quarter revenues of USD 8.8 million, in line with the revised guidance published on 31 ...

AMIT Wireless selects Sequans Cassiopeia module for new CBRS connectivity products

Published 17 Mar 2020 15:22 CET | United States
Sequans Communications announced that AMIT Wireless, an expert in enabling wireless M2M and IoT worldwide, is using its ...

NXP, Sequans collaborate to deliver LTE-M/NB-IoT connected MCU products

Published 04 Mar 2020 15:01 CET | World
Sequans Communications and NXP Semiconductors are collaborating to bring LTE for IoT connectivity to NXP's microcontroller (MCU) ...

Sequans, Microchip accelerate 5G massive IoT with LTE-M/NB-IoT connected MCUs

Published 03 Mar 2020 15:20 CET | World
Sequans Communications announced a collaboration with Microchip Technology to deliver 5G LTE-M/NB-IoT connectivity products based ...

Richardson RFPD enters distribution franchise deal with Sequans

Published 28 Feb 2020 11:13 CET | World
Richardson RFPD, an Arrow Electronics company, entered into a global distribution franchise agreement with Sequans ...

Sequans, Avnet enter global distribution deal

Published 12 Feb 2020 17:07 CET | World
Sequans Communications and Avnet entered a distribution agreement whereby Avnet will promote and sell Sequans' IoT chips and ...

Sequans posts smaller net loss, as revenues grow 51% in Q4

Published 11 Feb 2020 20:59 CET | World
Sequans Communications returned to positive revenue growth in the three months to December, noting that it had started 2020 with ...