Sequans Communications (SQNS) Tops Q1 EPS by 1c, Revenues Beat; Offers Q2 Revenue Outlook Above Consensus

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Go back to Sequans Communications (SQNS) Tops Q1 EPS by 1c, Revenues Beat; Offers Q2 Revenue Outlook Above Consensus

Sequans Communications Announces Preliminary First Quarter 2020 Financial Results

April 23, 2020 6:00 AM EDT

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 first quarter ended March 31, 2020.

First Quarter 2020 Highlights:

Revenue: Revenue was $8.8 million, a decrease of 4.3% compared to the fourth quarter of 2019 and an increase of 35.6% compared to the first quarter of 2019.

Gross margin: Gross margin was 51.3% compared to 47.0% in the fourth quarter of 2019, and compared to 35.9% in the first quarter of 2019.

Operating loss: Operating loss was $7.8 million compared... More