Sequans Communications (SQNS) Reports In-Line Q4 EPS

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Go back to Sequans Communications (SQNS) Reports In-Line Q4 EPS

Sequans Communications Announces Fourth Quarter and Full Year 2016 Financial Results

February 14, 2017 6:00 AM EST

PARIS--(BUSINESS WIRE)-- 4G chipmaker Sequans Communications S.A. (NYSE: SQNS) today announced financial results for the fourth quarter and full year ended December 31, 2016.

Fourth Quarter and Full Year 2016 Highlights:

Revenue: Revenue of $14.0 million increased 12.0% compared to the third quarter of 2016, and increased 28.4% compared to the fourth quarter of 2015. In both cases, this was due to higher product sales partly offset by lower license and service revenues. Full-year revenue increased 40.1% to $45.6 million in 2016 from $32.5 million in 2015.

Gross margin: Gross margin was 38.2% compared to gross margin of... More