Sequans Communications (NYSE: SQNS) reported Q2 EPS of ($0.08), $0.02 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $13.2 million versus the consensus estimate of $14.48 million.

Q3 2017 Outlook

Sequans expects revenue for the third quarter of 2017 to be in the range of $15 to $17 million with non-IFRS gross margin above 40%. Based on this revenue range and expected gross margin, non-IFRS net loss per diluted share/ADS is expected to be between ($0.05) and ($0.07) for the third quarter of 2017, based on approximately 79.8 million weighted average number of diluted shares/ADSs. Non-IFRS EPS guidance excludes the impact of stock based compensation, the non-cash fair-value and effective interest adjustments related to the convertible debt and other financings, and any other relevant non-cash or non-recurring expenses.

GUIDANCE:

Sequans Communications sees Q3 2017 EPS of ($0.05)-($0.07), versus the consensus of ($0.04). Sequans Communications sees Q3 2017 revenue of $15-17 million, versus the consensus of $17.59 million.

For earnings history and earnings-related data on Sequans Communications (SQNS) click here.