Sequans Communications (SQNS) Misses Q4 EPS by 3c
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Sequans Communications Announces Fourth Quarter 2020 and Full Year 2020 Financial Results
February 9, 2021 6:00 AM ESTPARIS--(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 fourth quarter and full year ended December 31, 2020.
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... More
