Sequans Communications (SQNS) Reports In-Line Q3 EPS
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Sequans Communications Announces Third Quarter 2017 Financial Results
October 31, 2017 6:00 AM EDTPARIS--(BUSINESS WIRE)-- 4G chipmaker Sequans Communications S.A. (NYSE: SQNS) today announced financial results for the third quarter ended September 30, 2017.
Third Quarter 2017 Highlights:
Revenue: Revenue was $11.3 million. Revenue for the third quarter of 2017 decreased 14.5% compared to the second quarter of 2017 and decreased 9.3% compared to the third quarter of 2016, reflecting decreases in both product and other revenue.
Gross margin: Gross margin was 44.3% compared to 42.1% in the second quarter of 2017 and compared to 46.8% in the third quarter of 2016, reflecting an increase in the proportion... More
