Sequans Communications Announces Second Quarter 2019 Financial Results
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UPDATE: Sequans Communications (SQNS) Misses Q2 EPS by 1c, Revenues Miss
July 30, 2019 6:18 AM EDT(Updated - July 30, 2019 6:19 AM EDT)
Sequans Communications (NYSE: SQNS) reported Q2 EPS of ($0.08), $0.01 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $8.1 million versus the consensus estimate of $8.58 million.
Second Quarter Highlights:
Revenue: Revenue was $8.1 million, an increase of 15.1% compared to the first quarter of 2019, primarily due to higher product revenue in broadband and IoT, partially offset by a decrease in other revenue. Q2 revenue represented a decrease of 36.0% compared to the second quarter of 2018, reflecting primarily the decline in the emerging broadband revenue discussed... More