Sequans Communications Announces Third Quarter 2019 Financial Results
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Sequans Communications (SQNS) Misses Q3 EPS by 1c, Revenues Miss
November 6, 2019 6:29 AM ESTSequans Communications (NYSE: SQNS) reported Q3 EPS of ($0.08), $0.01 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $7.5 million versus the consensus estimate of $9.95 million.
IoT revenue was temporarily affected in Q3 by a short-term channel inventory issue with one Cat 1 customer. We expect this inventory issue to be... More
