Sequans Communications (SQNS) Misses Q3 EPS by 1c, Revenues Miss
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Sequans Communications Announces Third Quarter 2019 Financial Results
November 6, 2019 6:00 AM ESTSigned multi-year strategic agreement with an estimated total value exceeding $35 million; received an upfront payment of $18 million in October
PARIS--(BUSINESS WIRE)-- 4G chipmaker Sequans Communications S.A. (NYSE: SQNS) today announced financial results for the third quarter ended Sept 30, 2019.
Third Quarter Highlights:
Revenue: Revenue was $7.5 million, a decrease of 7.8% compared to the second quarter of 2019, primarily due to lower product revenue in Cat 1 IoT, partially offset by an increase in other revenue. Q3 2019 revenue represented a decrease of 27.4% compared to the third... More
