Sequans Communications S A Stock Price, News & Analysis

Sequans Communications (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, has filed its Annual Report on Form 20-F for the year ended December 31, 2024 with the Securities and Exchange Commission.

The report is now accessible through multiple channels:

• The company's website www.sequans.com (Investors section under SEC Filings)
• The SEC's website www.sec.gov

Shareholders can request a free printed copy of the annual report, which includes complete 2024 audited financial statements, by either:

• Visiting the Investors section on Sequans' website
• Sending an email to IR@sequans.com

Sequans Communications (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, has scheduled its first quarter 2025 financial results release for Tuesday, May 6, 2025, during pre-market hours. The company will host a conference call at 8:00 a.m. ET/14:00 CET to discuss the results.

Investors can access the call through U.S. toll-free number 800-717-1738 or international number +1 646-307-1865 using access code 80940. A live and archived webcast will be available on Sequans' Investor Relations website, with an audio replay accessible until May 13, 2025.

Sequans Communications (NYSE: SQNS) has successfully regained compliance with NYSE listing standards after addressing previous deficiencies in market capitalization and share price requirements. The company had fallen below the NYSE's minimum thresholds of $50 million market capitalization and $1.00 per share price on April 9, 2024.

To restore compliance, Sequans implemented two key measures: First, they adjusted their ADS ratio effective October 9, 2024, equivalent to a 1-for-2.5 reverse stock split to boost trading price. Second, they completed a $200 million strategic transaction on September 30, 2024, which significantly increased stockholders' equity and market capitalization.

The NYSE has now confirmed that Sequans, a provider of 4G and 5G semiconductors and modules for IoT, is fully compliant with all applicable listing requirements.

Sequans Communications (NYSE: SQNS) announced that Coyote, Europe's leader in connected driver assistance services, has chosen Sequans Monarch technology for its new generation tracker, Coyote Nano 2.0. The device connects to cellular LPWA networks, particularly LTE-M, setting a new standard in vehicle tracking.

The Coyote Nano 2.0 is part of Coyote Secure, a stolen vehicle recovery service with a 91% recovery rate within 48 hours. The tracker features jamming resistance, tamper protection, and discrete installation capabilities. It incorporates multiple wireless communication systems and location services, operating effectively in challenging RF environments.

Key features include extensive European coverage, autonomous operation, and a target battery life of up to 5 years. The device was specifically designed to deliver robust, energy-efficient performance while maintaining advanced RF capabilities.

Sequans Communications (NYSE: SQNS) has unveiled its third-generation low-power semiconductor solution at Mobile World Congress 2025, introducing two new advanced chips to its Calliope and Monarch IoT product families. The new chips enable transition from 4G to 5G eRedCap, addressing IoT longevity challenges.

The Calliope 3 builds on Calliope 2 Cat 1bis, adding 5G NR eRedCap capabilities for fleet management, wearables, and security devices. The Monarch 3 enhances the LTE-M/NB-IoT Monarch 2 solution with 5G NR eRedCap support, targeting smart metering, healthcare, and asset tracking applications.

Both new chips offer footprint and software compatibility with their predecessors, featuring improvements in power consumption, integration, and cost efficiency. The development was supported by a French 2030 grant awarded in 2024. Sequans plans to begin providing samples to customers in 2026.

Sequans Communications (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, has announced its participation in the 37th Annual Roth Conference. The event will take place at The Laguna Cliffs Marriott in Laguna Beach, California, from March 16-18, 2025.

Company executives Georges Karam (President and CEO) and Deborah Choate (CFO) will engage in one-on-one meetings and host a fireside chat on Tuesday, March 18, from 1:30 p.m. to 1:55 p.m. PT in the 'Amber-Dana 3' room. Investors can access the management presentation webcast through the Events page on Sequans' website.

Sequans Communications (NYSE: SQNS) reported preliminary Q4 2024 financial results with revenue of $11.0 million, up 8.9% from Q3 2024 and 130.0% from Q4 2023. The company posted a Q4 net loss of $2.7 million ($0.11 per ADS). Full-year 2024 revenue reached $36.8 million with a net profit of $57.0 million.

The company completed a pivotal $200 million Qualcomm deal, strengthening its financial position and 4G business future. Product revenue doubled sequentially in Q4, while cash position stood at $62.1 million as of December 31, 2024, down from $173.6 million in Q3 due to debt repayment and transaction costs.

For Q1 2025, management expects revenue between $7-8 million, with product revenue contributing about 50%. The company aims to achieve operating income breakeven by 2026, supported by anticipated growth from Monarch 2 and Calliope 2 shipments in 2025.

Sequans and Soracom have expanded their partnership to simplify IoT development through new evaluation kits (EVKs) with integrated global IoT connectivity. The collaboration offers two EVK variants: LTE-M/NB-IoT (Sequans Monarch2 GM02S) featuring ultra-low power consumption for smart utilities and health tracking, and LTE Cat 1bis (Sequans Calliope2 GC02S1) for global coverage applications like connected vehicles and logistics.

Each kit includes a Soracom global IoT SIM card with 3-month preloaded connectivity, providing coverage in over 170 territories, including LTE-M coverage in 51 territories and NB-IoT coverage in 35. Users gain access to Soracom's connectivity solutions suite for security, data transmission, and remote device management. The EVKs are available through global distribution channels like Digikey and Mouser.

Sequans Communications (NYSE: SQNS) and Soracom have expanded their partnership to launch new IoT evaluation kits (EVKs) with integrated global connectivity. The collaboration offers two variants:

1. LTE-M/NB-IoT EVK featuring Sequans Monarch2 GM02S, designed for smart utility meters, industrial sensors, and health trackers

2. LTE Cat 1bis EVK with Sequans Calliope2 GC02S1, certified in North America and Europe, suitable for connected vehicles and logistics tracking

Each kit includes a Soracom global IoT SIM card with 3-month connectivity, providing coverage in over 170 territories, including LTE-M coverage in 51 territories and NB-IoT coverage in 35. The EVKs are available through Digikey and Mouser distribution channels.