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 S.A. (NYSE: SQNS) has filed its Annual Report on Form 20-F for the year ended December 31, 2020, with the SEC. The report, which includes the company's complete audited financial statements for 2020, is accessible on Sequans' website and the SEC’s site. Shareholders can request a printed version of the report free of charge. Sequans, established in 2003 and headquartered in Paris, specializes in 5G and 4G solutions for various IoT applications, offering a diversified portfolio of chips and modules.
Sequans Communications (NYSE: SQNS) will release its financial results for Q1 2021 on April 27, 2021, before market open. Management will hold a conference call at 8:00 a.m. ET to discuss the results. Investors can access the live and archived webcast on Sequans' website. The company specializes in 5G and 4G solutions for IoT applications and offers products with low power consumption and global deployment capabilities. Founded in 2003 and based in Paris, Sequans operates globally with multiple offices.
Sequans Communications (NYSE: SQNS) has established a new R&D subsidiary in Salo, Finland, to enhance its 5G and 4G IoT semiconductor solutions. This move aims to leverage the local talent in wireless engineering and is expected to triple the team size by year-end. The new facility is Sequans' eleventh global site and will collaborate closely with its main R&D team in Paris. Sequans continues to lead in massive IoT technology, recently launching the second generation of its 5G-ready platforms and developing the upcoming 5G Taurus broadband IoT platform.
Sequans Communications S.A. (NYSE: SQNS) reported its financial results for the fourth quarter and full-year 2020. Fourth Quarter Highlights: Revenue reached $15.8 million, increasing 11.8% quarter-over-quarter and 58.4% year-over-year. Full-Year Revenue: Totaled $50.9 million, a 65.0% rise from 2019. Gross Margin: Stood at 45.1%, up from 42.0% in Q3 2020 but down from 51.2% in Q4 2019. Net Loss: Registered at $11.3 million, with a full-year loss of $54.5 million. Cash Position: Decreased to $18.5 million from $25.3 million in Q3 2020.
Sequans Communications (NYSE: SQNS) has partnered with AMIT Wireless to launch two new connectivity devices aimed at enhancing distance learning capabilities. Both devices utilize Sequans' Cassiopeia CB610L module, optimized for CBRS OnGo networks in the USA. They include a USB dongle (IDG120-C6U01) that connects laptops to these networks and a cellular WAN extender (IDG500-C6012) for Ethernet equipment. The collaboration addresses the growing demand for reliable distance learning solutions amid the pandemic.
Sequans Communications (NYSE: SQNS) has secured a multi-million dollar grant from the French government to enhance strategic technological initiatives in 5G. The funding, part of a national recovery plan, supports the development of 5G technology solutions within a consortium of seven French companies, aimed at critical IoT applications across various industries. CEO Georges Karam emphasized the importance of this funding in accelerating market readiness for advanced 5G connectivity solutions that will benefit the economy and industry.
Sequans Communications (NYSE: SQNS) announced an extension of its partnership with Thales, leveraging Sequans' Monarch 2 and Calliope 2 platforms for new Cinterion IoT LTE-M/NB-IoT and Cat 1 modules. The collaboration, which began in 2015, aims to enhance cellular IoT connectivity. The Monarch 2 chip offers significant power savings and advanced security features, while Calliope 2 supports voice and data services. This agreement reinforces Sequans' position in the IoT market, providing innovative solutions for a growing customer base.
Sequans Communications (NYSE: SQNS) and e-peas have demonstrated a self-powered cellular IoT connectivity solution integrating e-peas' AEM energy harvesting IC with Sequans' Monarch LTE-M/NB-IoT platform. This technology enables IoT devices to operate indefinitely without batteries, enhancing sustainability and reducing operational costs. Utilizing a small photovoltaic cell, the system can collect and transmit data up to eight times per day while remaining energy self-sufficient. A reference design is being offered for IoT companies to develop similar energy-harvesting devices.
Sequans Communications S.A. (NYSE: SQNS) is hosting a virtual analyst/investor event today at 9:00 a.m. EST, featuring presentations by CEO Georges Karam and CFO Deborah Choate, followed by a Q&A session. The company plans to reaffirm its guidance for Q4 2020, projecting a revenue increase of at least 10% from the previous quarter's $14.1 million, reflecting a growth rate exceeding 60% for the full year compared to 2019. The webcast can be accessed through their investor relations website.
Sequans Communications S.A. (NYSE: SQNS) has partnered with Withings to utilize its Monarch 2 LTE-M/NB-IoT technology in the development of next-generation IoT connected health devices. Withings, known for its variety of health monitoring devices, cites Monarch 2’s advanced features, low power consumption, and small form factor as key benefits. The Monarch 2 GM02S module boasts a 60% power efficiency improvement and unique EAL5+ secure enclave support. Sequans is also participating in CES 2021 to showcase its innovations.