Sequans Communications (SQNS) Tops Q3 EPS by 1c

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Go back to Sequans Communications (SQNS) Tops Q3 EPS by 1c

Sequans Communications Announces Third Quarter 2015 Financial Results

October 22, 2015 6:00 AM EDT

PARIS--(BUSINESS WIRE)-- 4G chipmaker Sequans Communications S.A. (NYSE: SQNS) today announced financial results for the third quarter ended September 30, 2015.

Third Quarter 2015 Highlights:

Revenue: Revenue of $9.4 million increased 24.8% compared to the second quarter of 2015, due to higher sales of chipsets and higher other revenue. Revenue increased 44.9% compared to the third quarter of 2014.

Gross margin: Gross margin was 40.8% compared to gross margin of 36.3% in the second quarter of 2015, due to a more favorable revenue and product mix, and compared to 39.4% in the third quarter of 2014, due... More