Sequans Communications (SQNS) Misses Q2 EPS by 1c

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Sequans Communications Announces Second Quarter 2016 Financial Results

July 28, 2016 6:00 AM EDT

PARIS--(BUSINESS WIRE)-- 4G chipmaker Sequans Communications S.A. (NYSE: SQNS) today announced financial results for the second quarter ended June 30, 2016.

Second Quarter 2016 Highlights:

Revenue: Revenue of $9.9 million increased 6.5% compared to the first quarter of 2016, with significantly higher product revenues more than offsetting lower other revenues. Revenue increased 31.9% compared to the second quarter of 2015, due to both higher product sales and higher other revenue.

Gross margin: Gross margin was 44.6% compared to gross margin of 47.5% in the first quarter of 2016, and compared to 36.3% in the second quarter of 2015.

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