Needham & Company Raises Price Target as Sequans Communications (SQNS) Guides In-Line 1Q16
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Verizon, Sequans Announce LTE CAT M Chipset Acceleration for IoT
February 4, 2016 6:20 AM ESTNew LTE CAT M products will speed Low Power Wide Area deployments on Americas largest and most reliable LTE network
PARIS & BASKING RIDGE, N.J.--(BUSINESS WIRE)-- Sequans Communications S.A. (NYSE: SQNS) and Verizon (NYSE: VZ) announced joint activities to accelerate commercial realization of Category M (CAT M) LTE products based on the coming Release 13 of the 3GPP LTE standard. Release 13 defines new features such as extended coverage, lower data rate and lower power consumption called for by a new class of LTE applications... More
Sequans Communications Announces Fourth Quarter and Full Year 2015 Financial Results
February 4, 2016 6:00 AM ESTPARIS--(BUSINESS WIRE)-- 4G chipmaker Sequans Communications S.A. (NYSE: SQNS) today announced financial results for the fourth quarter and full year ended December 31, 2015.
Fourth Quarter 2015 Highlights:
Revenue: Revenue of $11.0 million increased 18% compared to the third quarter of 2015, with lower product sales offset by higher other revenue, including both license and service revenues. Revenue increased 68% compared to the fourth quarter of 2014 due to higher sales of products for the LTE markets, as well as higher other revenue.
Gross margin: Gross margin was 43.4% (51.8% on a non-IFRS basis)... More
