Sequans Communications (SQNS) Tops Q1 EPS by 2c
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Sequans Communications Announces First Quarter 2017 Financial Results
May 2, 2017 6:00 AM EDTPARIS--(BUSINESS WIRE)-- 4G chipmaker Sequans Communications S.A. (NYSE: SQNS) today announced financial results for the first quarter ended March 31, 2017.
First Quarter 2017 Highlights:
Revenue: Revenue of $12.4 million decreased 10.9% compared to the fourth quarter of 2016 primarily as a result of the typical pattern of seasonality. Revenue increased 33.9% compared to the first quarter of 2016, due to higher product sales partly offset by lower license and service revenues.
Gross margin: Gross margin was 47.1% compared to gross margin of 38.2% in the fourth quarter of 2016 due to a more... More
