Sequans Communications (SQNS) Misses Q4 EPS by 2c, Revenues Miss
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Sequans Communications Announces Preliminary Fourth Quarter 2018 and Full Year 2018 Financial Results
February 19, 2019 6:00 AM ESTFinalized agreement for $8.4 million strategic investment to accelerate 5G roadmap
PARIS--(BUSINESS WIRE)-- 4G chipmaker Sequans Communications S.A. (NYSE: SQNS) today announced preliminary financial results for the fourth quarter ended December31, 2018.
Fourth Quarter and Fiscal Year 2018 Highlights:
Revenue: Revenue was $6.1 million, a decrease of 41.0% compared to the third quarter of 2018, and a decrease of 46.3% compared to the fourth quarter of 2017, reflecting the need to work down channel inventory resulting from a weaker-than-expected broadband business and customer project delays. Revenue from IoT grew 70% in... More
