Sequans Communications S.A. reports developments tied to its fabless semiconductor business for 4G and 5G cellular Internet of Things connectivity. Company news commonly covers LTE-M/NB-IoT, 4G LTE Cat 1bis, 5G NR RedCap and eRedCap platforms, RF transceiver technology, design services, technology licensing, and customer platform selections for embedded cellular modems.
Updates also include quarterly and annual financial results, product demonstrations, design-win and production commentary, ADS repurchase activity, Bitcoin digital-asset treasury management, financing actions, and NYSE listing-compliance matters. Sequans serves IoT applications such as secured payment, smart mobility and logistics, smart cities, industrial systems, e-health, and smart homes.
Sequans Communications (SQNS) reported its Q4 and full-year 2021 financial results on February 8, 2022. Q4 revenue was $13.8 million, a 16.1% increase from Q3 and a 61.4% increase from Q4 2020. Gross profit rose to $7.9 million, with a gross margin of 57.1%. The full year revenue remained steady at $50.9 million. However, the company posted a net loss of $7.7 million for Q4 and $20.3 million for 2021, with EPS at $(0.21). The company anticipates improved results in 2022, supported by a backlog exceeding $650 million and strategic partnerships.
Sequans Communications (NYSE: SQNS) announces an extension of its 4G/5G licensing agreements with Renesas Electronics (TSE:6723), enhancing market opportunities for Sequans' LTE-M/NB-IoT Monarch 2 and Taurus 5G platforms. This partnership enables Sequans to enter the Indian market and includes a $20 million investment and board nomination for Renesas' Dr. Sailesh Chittipeddi. The multi-year agreements aim to improve manufacturing control, product costs, and expand revenue streams amidst current supply challenges, with closing expected by January 14, 2022.
Sequans Communications (NYSE: SQNS) has partnered with Ubiik, a leader in Industrial IoT solutions, to enhance its advanced metering infrastructure (AMI) in Taiwan. Ubiik will utilize Sequans’ Monarch 2 GM02S LTE-M/NB-IoT module, which boasts advanced security and low power consumption. This collaboration aims to optimize the deployment of smart electricity meters, expanding Ubiik's services beyond electricity to other utilities. Ubiik currently operates one of the largest LPWAN networks for electricity AMI globally and is set to grow its market reach into the US, India, and other regions.
iatrixAir announces the launch of the Priority 10, a cellular-based air quality monitoring system, featuring 16 sensors for precise measurements including PM particles, VOCs, CO2, and more. Priced at $499, it requires no WiFi and connects securely to the cloud. The Priority 10 will be showcased at CES 2022 in Las Vegas. The technology is supported by Sequans' communication module, certified for over 200 countries, enhancing iatrixAir's competitive edge.
Sequans Communications (NYSE: SQNS) announced its Cassiopeia CB410L CBRS module powers Monogoto's new CBRSense asset tracker, designed for ultra-low power consumption, allowing it to run for a year on AA batteries. This innovation was unveiled at CES 2022, showcasing a collaboration with SODAQ to bring low-power applications to the CBRS network. The tracker supports various IoT applications, expanding the use of CBRS technology in sectors like smart meters and asset tracking.
Sequans Communications (NYSE: SQNS) will announce its fourth quarter and full year 2021 financial results on February 8, 2022, before market hours. The management will hold a conference call at 8:00 a.m. ET to discuss the results. Investors can access the live call and archived webcast through the Investor Relations section of Sequans' website. Sequans specializes in 5G/4G chips and modules for IoT devices, leveraging its products to address both massive IoT and broadband applications.
Sequans Communications (NYSE: SQNS) announced that Green-GO Digital is utilizing its Cassiopeia CB410L CBRS module for the new Beltpack Sports wireless intercom, aimed at enhancing communications in professional sports. This device operates on LTE technology and CBRS spectrum, allowing private network setups for various sectors. Features include outdoor usability, an intuitive design, and integration capabilities with existing systems. The Beltpack will be showcased at CES 2022, highlighting Sequans' role in advancing cellular IoT connectivity.
Monogoto, a global cloud-based cellular connectivity provider, has integrated CBRSense™, the first multi-purpose low-power IoT sensor, into its network. This sensor operates over private networks, enhancing capabilities for various industries adopting CBRS technology. Developed in partnership with SODAQ and Sequans Communications (NYSE: SQNS), CBRSense™ offers long battery life and low costs, expanding device support in the CBRS network. The companies will showcase this innovation during CES, January 5-8, 2022.
Sequans Communications (NYSE: SQNS) has announced the addition of LTE band 65 support on its Cassiopeia LTE-Advanced platform, in collaboration with EchoStar Mobile. This integration expands capabilities for broadband IoT applications, leveraging 90 MHz of spectrum for satellite and terrestrial services. The Cassiopeia prototype has successfully passed 3GPP conformance tests, setting a foundation for various LTE IoT devices. This initiative is part of Sequans' 'Custom Technology Solutions' project, aimed at addressing complex communications challenges across multiple markets.
Sequans Communications (SQNS) has launched its Calliope 2 GC02S1 modules, powered by the second generation LTE Cat 1bis chip, designed for IoT applications. These low-cost, low-power modules support VoLTE and faster throughput than LTE-M, ideal for devices like wearables and smart home gadgets. Calliope 2 promises reduced costs, enhanced battery life, and compatibility with global networks. The global LTE Cat 1 market is projected to grow from 132 million units in 2021 to 200 million units by 2025, bolstered by increasing demand for Cat 1 technology.