Sequans Communications (SQNS) PT Raised to $8.50 at Needham & Company
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Sequans Communications Announces Second Quarter 2020 Financial Results
July 28, 2020 6:00 AM EDTPARIS--(BUSINESS WIRE)-- Sequans Communications S.A. (NYSE: SQNS), a leading developer and provider of 5G/4G chips and modules, today announced financial results for the second quarter ended June 30, 2020.
Second Quarter 2020 Highlights:
Revenue: Revenue was $12.2 million, an increase of 39.4% compared to the first quarter of 2020 and an increase of 54.6% compared to the second quarter of 2019.
Gross margin: Gross margin was 48.3% compared to 51.3% in the first quarter of 2020, and compared to 37.7% in the second quarter of 2019.
Operating loss: Operating loss was $5.6 million compared to $7.8... More
