Sequans Communications (SQNS) Reports In-Line Q2 EPS, Revenues Miss; Offers 3Q Outlook

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Go back to Sequans Communications (SQNS) Reports In-Line Q2 EPS, Revenues Miss; Offers 3Q Outlook

Sequans Communications Announces Second Quarter 2018 Financial Results

July 31, 2018 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, 2018.

Second Quarter 2018 Highlights:

Revenue: Revenue was $12.7 million, an increase of 12.7% compared to the first quarter of 2018, primarily due to 30% sequential growth in product revenue, and a decrease of 4.2% compared to the second quarter of 2017, reflecting significantly higher IoT product revenue, more than offset by lower broadband product and other revenue.

Gross margin: Gross margin was 39.4% compared to 41.7% in the first quarter of 2018 and... More