Sequans Communications Announces Fourth Quarter 2020 and Full Year 2020 Financial Results
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Sequans Communications (SQNS) Misses Q4 EPS by 3c
February 9, 2021 6:18 AM ESTSequans Communications (NYSE: SQNS) reported Q4 EPS of ($0.28), $0.03 worse than the analyst estimate of ($0.25). Revenue for the quarter came in at $15.8 million versus the consensus estimate of $15.54 million.
Fourth Quarter and Fully Year 2020 Highlights:
Revenue: Revenue was $15.8 million, an increase of 11.8% compared to the third quarter of 2020 and an increase of 58.4% compared to the fourth quarter of 2019. Full-year revenue for 2020 was $50.9 million, an increase of 65.0% compared to $30.9 million for 2019.Gross margin: Gross margin was 45.1% compared to 42.0% in the third quarter of 2020, and compared to 51.2% in the fourth quarter of 2019. Full-year gross margin... More