Sequans Communications (SQNS) Reports In-Line Q4 EPS, Slight Miss on Revenues; Offers 1Q18 EPS Guidance Below Consensus

Sequans Communications (NYSE: SQNS) reported Q4 EPS of ($0.07), in-line with the analyst estimate of ($0.07). Revenue for the quarter came in at $11.3 million versus the consensus estimate of $11.65 million.

Non-IFRS Net loss: Excluding the non-cash items of stock-based compensation, the non-cash impact of convertible debt amendments and effective interest adjustments related to the convertible debt and other financings, non-IFRS net loss was $5.9 million, or ($0.07) per diluted share/ADS

Q1 2018 Outlook

The following statements are based on management’s current assumptions and expectations. These statements are forward-looking and actual results may differ materially. Sequans undertakes no obligation to update these statements.

Sequans expects revenue for the first quarter of 2018 to be in the range of $10.5 to $12 million, reflecting seasonal weakness in the first quarter, 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 ($0.07) and ($0.08) for the first quarter of 2018, based on approximately 94.4 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 Q1 2018 EPS of ($0.08)-($0.07), versus the consensus of ($0.06).

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

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