Sequans Communications (SQNS) Misses Q2 EPS by 1c
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Sequans Communications Announces Second Quarter 2015 Financial Results
July 23, 2015 6:00 AM EDTPARIS--(BUSINESS WIRE)-- 4G chipmaker Sequans Communications S.A. (NYSE: SQNS) today announced financial results for the second quarter ended June 30, 2015.
Second Quarter 2015 Highlights:
Revenue: Revenue of $7.5 million increased 56% compared to the first quarter of 2015, reflecting sales coming from new design wins, higher sales from previous design wins and higher service revenues. Revenue increased 48% compared to the second 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 36.3% compared to... More
