Sequans Communications (SQNS) Reports In-Line Q4 EPS, Revenues Beat

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Go back to Sequans Communications (SQNS) Reports In-Line Q4 EPS, Revenues Beat

Sequans Communications Announces Preliminary Fourth Quarter 2019 and Full Year 2019 Financial Results

February 11, 2020 7:12 AM EST

PARIS--(BUSINESS WIRE)-- Sequans Communications S.A. (NYSE: SQNS), a leading developer and provider of 5G/4G chips and modules, today announced preliminary financial results for the fourth quarter and full year ended December 31, 2019.

Fourth Quarter and Fiscal Year 2019 Highlights:

Revenue: Revenue was $9.2 million, an increase of 25.2% compared to the third quarter of 2019 and an increase of 50.9% compared to the fourth quarter of 2018. Higher other revenue reflects license and service revenue from new strategic deals closed during the fourth quarter. Full-year revenue for 2019 was $30.9 million, a decrease of... More