Sequans Communications (SQNS) Tops Q3 EPS by 2c

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Sequans Communications Announces Third Quarter 2016 Financial Results

October 27, 2016 6:01 AM EDT

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

Third Quarter 2016 Highlights:

Revenue: Revenue of $12.5 million increased 26.0% compared to the second quarter of 2016, reflecting significantly higher levels of both product revenue and other revenue. Revenue increased 33.1% compared to the third quarter of 2015, due to both higher product revenue and higher other revenue.

Gross margin: Gross margin was 46.8% compared to gross margin of 44.6% in the second quarter of 2016, and compared to 40.8% in the third quarter of 2015.

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