Sequans Communications (SQNS) Reports In-Line Q1 EPS. Revenues Miss
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Sequans Communications Announces First Quarter 2019 Financial Results
May 9, 2019 6:00 AM EDTPARIS--(BUSINESS WIRE)-- 4G chipmaker Sequans Communications S.A. (NYSE: SQNS) today announced financial results for the first quarter ended March31, 2019.
First Quarter Highlights:
Revenue: Revenue was $7.0 million, an increase of 15.9% compared to the fourth quarter of 2018, primarily due to higher revenue in broadband and IoT, while the postponement of a project caused revenue from the vertical business to be lower than the Q1 target for that business. Q1 revenue represented a decrease of 37.4% compared to the first quarter of 2018, reflecting primarily a decline in broadband revenue... More
