Sequans Communications (SQNS) Posts Q1 Loss of 13c/Share

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Go back to Sequans Communications (SQNS) Posts Q1 Loss of 13c/Share

Sequans Communications Announces First Quarter 2015 Financial Results

April 23, 2015 6:00 AM EDT

PARIS--(BUSINESS WIRE)-- 4G chipmaker Sequans Communications S.A. (NYSE: SQNS) today announced financial results for the first quarter ended March 31, 2015.

First Quarter 2015 Highlights:

Revenue: Revenue of $4.8 million decreased 27% compared to the fourth quarter of 2014, reflecting lower product sales due to seasonal weakness. Revenue increased 7% compared to the first quarter of 2014 due to an increase in revenues from the LTE markets, primarily from new design wins in the United States.

Gross margin: Gross margin was 40.0% compared to gross margin of 6.1% in the fourth quarter of 2014, and 39.5% in... More