Sequans Communications SA (SQNS)

Sequans Announces CFO TransitionJune 2, 2026 6:00 AM
NewsfileParis, France--(Newsfile Corp. - June 2, 2026) - Sequans Communications S.A. (NYSE: SQNS) ("Sequans" or the "Company"), a leading provider of 5G/4G cellular IoT semiconductor solutions, today announced that Deborah Choate, Chief Financial Officer, will retire from the Company effective June 30, 2026, following a distinguished tenure of 19 years. The Company also announced that Norman Brodt, currently Vice President, Finance, will succeed Ms. Choate as Chief Financial Officer effective upon her retirement."On behalf of the Board and the entire management team, I would like to thank Deborah for her leadership and significant contributions to Sequans," said Georges Karam, Chief Executive Officer. "During her tenure, she has played a critical role in strengthening our financial position and leading strategic initiatives. We wish her all the best in her retirement."Ms. Choate added, "It has been a privilege to serve as CFO of Sequans. I am proud of what we have accomplished and confident in the Company's future. I look forward to supporting a smooth transition.""Norman is an accomplished finance leader with a deep understanding of our business and operations," added Dr. Karam. "In his current role as VP Finance, he has been instrumental in financial planning, capital allocation and operational improvements. I am confident that he will provide strong financial leadership as we continue to execute our strategy."Mr. Brodt said, "I am honored to take on the role of CFO at Sequans and build on the strong foundation established by Deborah. I look forward to working with the team to drive continued growth and value for our shareholders."Norman Brodt has served as Vice President, Finance since January 2025. In this role, he has been responsible for financial planning and analysis, process improvement and financial reporting. Prior to joining Sequans, he held multiple leadership roles at Alcatel Lucent/Nokia, including CFO of Alcatel-Lucent Shanghai Bell and CFO/COO of Alcatel Radio Frequency Systems. He holds a Master's degree in Business Administration from the University of Bayreuth, Germany.About Sequans CommunicationsSequans Communications S.A. (NYSE: SQNS) is a leading fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT) and RF transceiver solutions for software-defined applications. Sequans' engineers design and develop innovative, secure, and scalable technologies that power the next generation of AI-connected applications - including secured payment, smart mobility and logistics, smart cities, industrial, e-health, and smart homes, as well as mission-critical deployments in space and defense.Sequans offers a comprehensive portfolio of 4G/5G solutions, including LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap and eRedCap platforms, all purpose-built for IoT and delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. Sequans RF transceiver solutions enable highly flexible, programmable wireless systems optimized for performance and resilience in demanding environments. The company also provides advanced design services and technology licensing.Founded in 2003, Sequans is headquartered in France and operates globally, with offices in the United States, United Kingdom, Switzerland, Israel, Finland, Taiwan, and China.Visit Sequans at sequans.com and follow us on LinkedIn and X.Sequans investor relations: David Hanover/Rob Kelly, KCSA Strategic Communications (USA), +1 212.682.6300, ir@sequans.com
Sequans media relations: Linda Bouvet (France), +33 170721600 media@sequans.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299800 Original: Sequans Announces CFO Transition

Sequans Completes Full Redemption of Convertible Debt, Reestablishes Pure-Play Focus on IoT Semiconductor GrowthMay 28, 2026 8:00 AM
NewsfileParis, France--(Newsfile Corp. - May 28, 2026) - Sequans Communications S.A. (NYSE: SQNS) ("Sequans" or the "Company"), a leading provider of 5G/4G cellular IoT semiconductor solutions, today announced the completion of the redemption of all remaining convertible debt issued in July 2025 funded through the sale of a portion of the Company's Bitcoin holdings. The Company now holds approximately 658 Bitcoin, all of which are unrestricted. Transaction Overview:Full Debt Redemption Completed: All remaining convertible debt issued in July 2025 has been fully redeemed.Capital Structure Simplified: Sequans transitions to a near debt-free balance sheet with increased financial flexibility.Bitcoin Holdings Unrestricted: Approximately 658 BTC remain on the balance sheet, now fully unencumbered.Treasury Strategy Concluded: No longer pursuing a digital asset treasury strategy and will monetize remaining holdings over time.Renewed Strategic Focus: Full emphasis on scaling the IoT semiconductor business, advancing the 5G eRedCap roadmap, and expanding into new high-growth markets."The completion of the debt redemption marks an important turning point for Sequans. We have strengthened our balance sheet, simplified our capital structure, and are now fully focused on scaling our IoT semiconductor business," said Georges Karam, CEO of Sequans. "Our priority is clear: execute on our growing 4G and RF transceiver product portfolio, accelerate our path to profitability, and advance our 5G roadmap. With improving visibility, a growing pipeline of projects in production, and early leadership in 5G eRedCap, we believe Sequans is well positioned to drive sustainable growth and long-term shareholder value."Sequans' core business is centered on the development and commercialization of cellular IoT semiconductor solutions, including its 4G LTE-M and Cat-1bis chipsets, which support applications such as smart metering, asset tracking, telematics, security, and industrial IoT. The Company is also advancing its 5G eRedCap platform to support the transition to next-generation cellular IoT connectivity. In parallel, Sequans is seeing increasing engagement for its newly launched RF transceiver for software radio applications, including defense and drone systems, where demand for secure, high-performance wireless capabilities continues to grow.Forward-Looking StatementsThis press release contains certain statements that are, or may be deemed to be, forward-looking statements with respect to financial condition, results of operations and business of Sequans, bitcoin treasury and business strategy for 2026 and beyond, financing requirements, and business strategy for 2026 and beyond. These forward-looking statements include, but are not limited to, statements that are not historical fact. These forward-looking statements can be identified by the fact that they do not relate to historical or current facts. Forward-looking statements also often use words such as "anticipate," "committed to", "target," "continue," "estimate," "expect," "forecast," "intend," "may," "plan," "goal," "believe," "hope," "aims," "continue," "could," "project," "should," "will" or other words of similar meaning. These statements are based on assumptions and assessments made by Sequans in light of its experience and perception of historical trends, current conditions, future developments and other factors they believe appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct, and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement.Forward-looking statements are not guarantees of future performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Such risks and uncertainties include, but are not limited to, our planned exit from our Bitcoin treasury strategy and potential adverse reactions or changes to business relationships resulting from the implementation of the Bitcoin treasury initiative and fluctuations on the value of Bitcoin and the implications of a decline in the value of Bitcoin on our collateral requirements. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are changes in the global, political, economic, business and competitive environments, market and regulatory forces, including tariffs and trade wars, our ability to convert our product pipeline and design wins into revenue, and a decline in the value of Bitcoin. If any one or more of these risks or uncertainties materialize or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward-looking statements should therefore be construed in the light of such factors. A more complete description of these and other material risks can be found in Sequans’ filings with the SEC, including its annual report on Form 20-F for the year ended December 31, 2025, filed on May 11, 2026 and other documents that may be filed from time to time with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this announcement. Sequans undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law.About SequansSequans Communications S.A. (NYSE: SQNS) is a leading fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT) and RF transceiver solutions for software-defined applications. Sequans' engineers design and develop innovative, secure, and scalable technologies that power the next generation of AI-connected applications - including secured payment, smart mobility and logistics, smart cities, industrial, e-health, and smart homes, as well as mission-critical deployments in space and defense. Sequans offers a comprehensive portfolio of 4G/5G solutions, including LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap and eRedCap platforms, all purpose-built for IoT and delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. Sequans RF transceiver solutions enable highly flexible, programmable wireless systems optimized for performance and resilience in demanding environments. The company also provides advanced design services and technology licensing.Founded in 2003, Sequans is headquartered in France and operates globally, with offices in the United States, United Kingdom, Switzerland, Israel, Finland, Taiwan, and China.Visit Sequans at sequans.com and follow us on LinkedIn and X. ContactsSequans investor relations: David Hanover/Rob Kelly, KCSA Strategic Communications (USA), +1 212.682.6300, ir@sequans.com
Sequans media relations: Linda Bouvet (France), +33 170721600 media@sequans.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299192 Original: Sequans Completes Full Redemption of Convertible Debt, Reestablishes Pure-Play Focus on IoT Semiconductor Growth

Sequans Announces Filing and Availability of 2025 Annual Report on Form 20-FMay 11, 2026 12:13 PM
NewsfileParis, France--(Newsfile Corp. - May 11, 2026) - Sequans Communications S.A. (NYSE: SQNS), a leading provider of 5G/4G cellular IoT semiconductor solutions, announced today that its Annual Report on Form 20-F for the year ended December 31, 2025 has been filed with the Securities and Exchange Commission ("SEC") and is available on the Company's website www.sequans.com in the Investors section under SEC Filings, as well as from the SEC's website www.sec.gov.Shareholders may also request a printout of the file that appears on the website containing the Annual Report on Form 20-F, which includes the Company's complete 2025 audited financial statements, mailed from Sequans' headquarters free of charge by contacting the Company as follows:online at www.sequans.com in the Investors section under Contact Investor Relationsby sending an email request to IR@sequans.com.About Sequans CommunicationsSequans Communications S.A. (NYSE: SQNS) is a leading fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT). Sequans' engineers design and develop innovative, secure, and scalable technologies that power the next generation of AI-connected applications - including secured payment, smart mobility and logistics, smart cities, industrial, e-health, and smart homes. Sequans offers a comprehensive portfolio of 4G/5G solutions, including LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap and eRedCap platforms, all purpose-built for IoT and delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. The company also provides advanced design services and technology licensing.Founded in 2003, Sequans is headquartered in France and operates globally, with offices in the United States, United Kingdom, Switzerland, Israel, Finland, Taiwan, and China.Visit Sequans at sequans.com and follow us on LinkedIn and X. Sequans investor relations: David Hanover/Rob Kelly, KCSA Strategic Communications (USA), +1 212.682.6300, ir@sequans.comSequans media relations: Linda Bouvet (France), +33 170721600 media@sequans.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/296447 Original: Sequans Announces Filing and Availability of 2025 Annual Report on Form 20-F

Sequans Communications Preliminary Unaudited First Quarter 2026 Financial ResultsMay 5, 2026 6:22 AM
NewsfileParis, France--(Newsfile Corp. - May 5, 2026) - Sequans Communications S.A. (NYSE: SQNS) ("Sequans" or the "Company"), a leading provider of 5G/4G cellular IoT semiconductor solutions, today announced preliminary unaudited financial results for the first quarter ended March 31, 2026.First Quarter 2026 Summary Preliminary Unaudited Results Table:(in US$ millions, except share and per share data)Q1 2026Q4 2025 (1)Q1 2025Revenue $6.1 $6.9 $8.1 Gross profit $2.3 $2.9 $5.2 Gross margin (%) 37.7 % 41.4 % 64.5 %Operating income (loss) ($50.5) ($72.1) ($6.8) Net profit (loss) ($54.3) ($76.4) ($7.3) Diluted income (loss) per ADS ($3.73) ($4.93) ($0.29) Non-IFRS diluted income (loss) per ADS (2) ($1.42) ($1.04) ($0.24) Weighted average number of diluted ADS (IFRS) 14,576,046 15,504,809 25,156,570 Weighted average number of diluted ADS (Non-IFRS) 14,576,046 15,504,809 25,156,570 (1) The financial results for 2025 differ from the preliminary unaudited results disclosed in the Company's February 10, 2026 earnings press release. The changes primarily relate to the timing and amount of revenue recognized, adjustments related to the accounting for the compound financial instruments issued in July 2025 and related embedded derivative, the classification of digital asset losses between impairment and losses on sale, the accounting for acquired licenses, property plant and equipment, and new leases, and other adjustments attributable to normal year-end closing procedures, audit adjustments, and the completion of management's review. (2) See Use of Non-IFRS/non-GAAP Financial Measures disclosure on page 3. "Our IoT semiconductor business continues to demonstrate solid momentum, supported by a growing backlog, a maturing design-win pipeline, increased product revenue and an increasing number of projects transitioning into production," said Dr. Georges Karam, CEO of Sequans. "We are seeing continued strength across Cat-M, Cat-1bis, along with early engagement in 5G eRedCap, which we believe will play a central role in the next phase of IoT connectivity. We are also seeing encouraging interest in our newly introduced RF Transceivers for drones and defense applications. With improving visibility and a strong foundation across our core product portfolio, we believe Sequans is well positioned to drive sequential growth and move toward cash-flow break-even."Dr. Karam added, "At the same time, we have taken decisive steps to simplify and strengthen our balance sheet, enabling us to sharpen our focus on executing our IoT strategy and advancing our 5G roadmap. As the IoT market transitions from 4G to 5G, we believe Sequans is uniquely positioned to leverage its existing customer base and technology leadership to capture this opportunity. We believe Sequans is entering an important phase of execution, with the foundation in place to scale the business and capture the next wave of growth in IoT connectivity."First Quarter 2026 Financial Summary:Revenue: Total revenue was $6.1 million, a decrease of 12.5% compared to the fourth quarter of 2025 and a decrease of 24.8% compared to the first quarter of 2025. Revenue in the first quarter of 2026 was 84% from product sales; product sales increased 45% compared to the first quarter of 2025, while reflecting a seasonal decrease of 15% compared to the fourth quarter of 2025. In the first quarter of 2025, revenue included significant license and services revenue from Qualcomm related to the 2024 sale and license of intellectual property. Gross margin: Gross margin was 37.7% compared to 41.4% in the fourth quarter of 2025 and 64.5% in the first quarter of 2025, reflecting higher product sales in the revenue mix in the first quarter of 2026 compared with the prior periods, both of which included a significant amount of license and services revenue. Operating loss: Operating loss was $50.5 million compared to operating loss of $72.1 million in the fourth quarter of 2025 and $6.8 million in the first quarter of 2025. The operating loss in the first quarter of 2026 and in fourth quarter of 2025 included unrealized losses on impairment of the value of our Bitcoin investment of $29.3 million and $56.3 million, respectively, and realized net losses of $11.7 million and $6.1 million, respectively, on the sales of Bitcoin primarily to finance the redemption of convertible debt and the Company's ADS buyback program. Net loss: Net loss was $54.3 million, or ($3.73) per diluted ADS, compared to net loss of $76.4 million, or ($4.93) per diluted ADS, in the fourth quarter of 2025 and net loss of $7.3 million, or ($0.29) per diluted ADS, in the first quarter of 2025. Net loss in the first quarter of 2026 and in the fourth quarter of 2025 included non-cash gains on the change in value of the embedded derivative related to compound financial instruments issued in July 2025 for $9.9 million and $30.8 million, respectively, nearly off-set by non-cash losses of $9.9 million and $29.3 million, respectively, on the early extinguishment of debt, and included net interest expense of $3.9 million and $5.3 million, respectively, that was primarily non-cash and related to the IFRS accounting for the convertible debt issued in July 2025. Non-IFRS loss: Excluding non-cash impairment of digital assets, non-cash stock-based compensation, the non-cash impact of the fair-value, non-cash loss on early extinguishment of debt, and effective interest adjustments related to the convertible debt and associated embedded derivatives and other financings, non-IFRS net loss was $20.7 million, or ($1.42) per diluted ADS, in the first quarter of 2026 compared to non-IFRS net loss of $16.2 million, or ($1.04) per diluted ADS in the fourth quarter of 2025, and non-IFRS net loss of $6.1 million, or ($0.24) per diluted ADS, in the first quarter of 2025. Cash: Cash and cash equivalents at March 31, 2026 totaled $10.6 million compared with $13.4 million at December 30, 2025. Digital assets: At March 31, 2026, the Company held 1,514 Bitcoin with a market value of $103.2 million, of which 1,217 Bitcoin ($82.9 million) was pledged as security for the remaining $66.2 million of convertible debt issued in July 2025. As of April 30, 2026, the Company held 1,114 Bitcoin with a market value of $84.9 million, of which 817 Bitcoin ($62.3 million) was pledged as security for the remaining $35.9 million of convertible debt. The remaining debt is scheduled to be redeemed by June 1, 2026, at which time all remaining Bitcoin will be unrestricted and available for sale.Conference Call DetailsDate: Tuesday, May 5, 2026
Time: 8:00 a.m. ET / 14:00 CETThe live webcast will be available on the Sequans Investor Relations website at https://sequans.com/investor-relations/investor-materials/.To participate via telephone, please register in advance using this link: https://register-conf.media-server.com/register/BIc0264ac506fc4ae09bd78844e6d8f586. Upon registration, participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique registrant ID.Those who wish to join the live webcast can access it here: Those who wish to join the live webcast can access it here: https://edge.media-server.com/mmc/p/tf9babvo/The company suggests participants for both the conference call and those listening via the web dial in or sign on at least 15 minutes in advance of the call.For those unable to participate in the live event, a replay will be available on the company's website after 9:00 a.m. ET.Forward-Looking StatementsThis press release contains certain statements that are, or may be deemed to be, forward-looking statements with respect to financial condition, results of operations and business of Sequans, bitcoin treasury and business strategy for 2026 and beyond, financing requirements, and business strategy for 2026 and beyond. These forward-looking statements include, but are not limited to, statements that are not historical fact. These forward-looking statements can be identified by the fact that they do not relate to historical or current facts. Forward-looking statements also often use words such as "anticipate," "committed to", "target," "continue," "estimate," "expect," "forecast," "intend," "may," "plan," "goal," "believe," "hope," "aims," "continue," "could," "project," "should," "will" or other words of similar meaning. These statements are based on assumptions and assessments made by Sequans in light of its experience and perception of historical trends, current conditions, future developments and other factors they believe appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct, and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement.Forward-looking statements are not guarantees of future performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Such risks and uncertainties include, but are not limited to, our planned exit fom our Bitcoin treasury strategy and potential adverse reactions or changes to business relationships resulting from the implementation of the Bitcoin treasury initiative and fluctuations on the value of Bitcoin and the implications of a decline in the value of Bitcoin on our collateral requirements. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are changes in the global, political, economic, business and competitive environments, market and regulatory forces, including tariffs and trade wars, our ability to convert our product pipeline and design wins into revenue, and a decline in the value of Bitcoin. If any one or more of these risks or uncertainties materialize or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward-looking statements should therefore be construed in the light of such factors. A more complete description of these and other material risks can be found in Sequans' filings with the SEC, including its annual report on Form 20-F for the year ended December 31, 2024, "Risk Related to Our Bitcoin Strategy and Holdings" filed on Form 6-K on July 17, 2025 and other documents that may be filed from time to time with the SEC, including the annual report for the year ended December 31, 2025 expected to be filed by May 15, 2026. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this announcement. Sequans undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law. We have not filed our Form 20-F for the year ended December 31, 2025. As a result, all 2025 financial results described in this earnings release should be considered preliminary, and are subject to change to reflect any necessary adjustments or changes in accounting estimates that are identified prior to the time we file our Form 20-F. Use of Non-IFRS/non-GAAP Financial MeasuresTo supplement our unaudited consolidated financial statements prepared in accordance with IFRS, we disclose certain non-IFRS, or non-GAAP, financial measures. These measures exclude the non-cash impairment of digital assets, non-cash stock-based compensation and the non-cash impacts of convertible debt extensions, and effective interest adjustments related to the convertible debt with embedded derivatives and other financings. We believe that these measures can be useful to facilitate comparisons among different companies. These non-GAAP measures have limitations in that the non-GAAP measures we use may not be directly comparable to those reported by other companies. We seek to compensate for this limitation by providing a reconciliation of the non-GAAP financial measures to the most directly comparable IFRS measures in the table attached to this press release.About Sequans CommunicationsSequans Communications S.A. (NYSE: SQNS) is a leading fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT). Sequans' engineers design and develop innovative, secure, and scalable technologies that power the next generation of AI-connected applications - including secured payment, smart mobility and logistics, smart cities, industrial, e-health, and smart homes. Sequans offers a comprehensive portfolio of 4G/5G solutions, including LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap and eRedCap platforms, all purpose-built for IoT and delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. The company also provides advanced design services and technology licensing.Founded in 2003, Sequans is headquartered in France and operates globally, with offices in the United States, United Kingdom, Switzerland, Israel, Finland, Taiwan, and China.Visit Sequans at sequans.com and follow us on LinkedIn and X. Sequans investor relations: David Hanover/Rob Kelly, KCSA Strategic Communications (USA), +1 212.682.6300, ir@sequans.comSequans media relations: Linda Bouvet (France), +33 170721600 media@sequans.comCondensed financial tables followSEQUANS COMMUNICATIONS S.A. PRELIMINARY UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS




Three months ended

(in thousands of US$, except share and per share amounts)
March 31, 2026.

Dec 31, 2025 (1)

March 31, 2025 (1)















Revenue
6,054

6,915

8,054

Cost of revenue
(3,771)

(4,049)

(2,863)

Gross profit
2,283

2,866

5,191

Other operating Income (expenses)
-

(320)

-

Research and development expense
(7,368)

(7,720)

(7,223)

Sales and marketing expense
(2,023)

(1,902)

(2,355)

General and administrative expense
(2,375)

(2,688)

(2,451)

Digital asset Impairment losses
(29,334)

(56,283)

-

Digital asset losses on sales, net
(11,683)

(6,102)

-

Total operating income (expenses)
(52,783)

(75,015)

(12,029)

Operating profit (loss)
(50,500)

(72,149)

(6,838)

Financial income (expense):










Interest income (expense), net
(3,895)

(5,168)

368


Change in fair value of derivative financial instruments
9,942

30,804

-


Gain (loss) on debt extinguishment
(9,866)

(29,348)

-


Foreign exchange gain (loss)
153

(347)

(517)

Profit (Loss) before income taxes
(54,166)

(76,208)

(6,987)

Income tax expense
(146)

(219)

(281)

Profit (Loss)$(54,312)$(76,427)$(7,268)
Attributable to:
 

 

 


Shareholders of the parent
(54,312)
(76,427)
(7,268)

Minority interests
-

-

-

Basic income (loss) per ADS
($3.73)
($4.93)
($0.29)
Diluted income (loss) per ADS
($3.73)
($4.93)
($0.29)
Weighted average number of ADS used for computing:
 

 

 

- Basic
14,576,046

15,504,809

25,156,570

- Diluted
14,576,046

15,504,809

25,156,570

(1) The financial results for 2025 differ from the preliminary unaudited results disclosed in the Company's February 10, 2026 and May 6, 2025 earnings press releases. The changes primarily relate to the timing and amount of revenue recognized, adjustments related to the accounting for the compound financial instruments issued in July 2025 and related embedded derivative, the classification of digital asset losses between impairment and losses on sale, the accounting for acquired licenses, property plant and equipment, and new leases, finalization of purchase accounting and other adjustments attributable to normal year-end closing procedures, audit adjustments, and the completion of management's review.
 SEQUANS COMMUNICATIONS S.A. PRELIMINARY UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION


At March 31,

At Dec 31,
(in thousands of US$)
2026

2025 (1)
ASSETS






Non-current assets






Property, plant and equipment$4,322
$4,299

Intangible assets
7,862

8,522

Goodwill
3,676

3,676

Digital assets pledge as collateral for convertible debt
82,917

141,505

Digital assets, unrestricted
20,238

45,686

Deposits and other receivables
750

2,161

Prepaid expenses
2,110

2,213

Other non-current financial assets
400

409

    Total non-current assets
122,275

208,471

Current assets
 

 

Inventories
4,025

3,933

Trade receivables
3,778

3,278

Contract assets
107

98

Prepaid expenses
2,773

2,564

Other receivables
9,261

5,953

Research tax credit receivable
5,246

5,898

Cash and cash equivalents
10,628

13,386

    Total current assets
35,818

35,110
Total assets$158,093
$243,581
EQUITY AND LIABILITIES
 

 

Equity
 

 

Issued capital, euro 0.01 nominal value, 1,522,766,502 shares authorized, issued and outstanding at March 31, 2026 (1,599,589,702 shares at December 31, 2025)$17,831
$18,718

Share premium
177,196

185,598

Other capital reserves
77,991

77,515

Treasury shares
(933)
(9,363)
Accumulated deficit
(199,386)
(145,074)
Other components of equity
83

284

    Total equity
72,782

127,678

Non-current liabilities
 

 

Government research financing
1,886

3,297

Lease liabilities
1,238

1,225

Trade payables and other non-current liabilities
1,272

1,360

Provisions
2,194

2,112

Deferred tax liabilities
127

129

Contract liabilities
3,153

3,157

    Total non-current liabilities
9,870

11,280

Current liabilities
 

 

Trade payables
7,467

10,081

Convertible debt
42,265

56,422

Convertible debt embedded derivative
170

10,800

Lease liabilities
241

601

Government loan
482

979

Government research financing
4,301

4,308

Contract liabilities
7,636

7,224

Income tax liabilities - Parent
3,057

3,124

Other current liabilities and provisions
9,822

11,084

    Total current liabilities
75,441

104,623
Total equity and liabilities$158,093
$243,581

(1) The financial position at December 31, 2025 differs from the preliminary unaudited results disclosed in the Company's February 10, 2026 earnings press release. The changes primarily relate to the timing and amount of revenue recognized, adjustments related to the accounting for the compound financial instruments issued in July 2025 and related embedded derivative, the classification of digital asset losses between impairment and losses on sale, the accounting for acquired licenses, property plant and equipment, and new leases, and other adjustments attributable to normal year-end closing procedures, audit adjustments, and the completion of management's review.
 SEQUANS COMMUNICATIONS S.A.PRELIMINARY UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW




Three months ended March 31,
(in thousands of US$)
2026

2025 (1)
Operating activities






Loss before income taxes$(54,166)
(6,987)
Adjustments to reconcile profit before tax to net cash flows
 

 


Depreciation and impairment of property, plant and equipment
597

900


Amortization and impairment of intangible assets
782

765


Impairment of digital assets
29,334

-


Share-based payment expense
476

1,014


Decrease in provision
(77)
(32)

Interest expense, net
3,895

(368)

Change in the fair value of convertible debt embedded derivative
(9,942)
-


Loss (gain) on debt extinguishment, net of non-cash transaction costs
9,866

-


Foreign exchange loss (gain)
(39)
(195)

Loss (gain) on disposal of intangible and tangible assets
-

12


Loss on digital assets
11,683

-

Working capital adjustments
 

 


Decrease in trade receivables and other receivables
(2,858)
1,240


Decrease (increase) in inventories
(36)
(103)

Increase in research tax credit receivable
660

(355)

Increase (decrease) in trade payables and other liabilities
(3,291)
(281)

Increase (Decrease) in contract liabilities
175

(3,868)

Increase in government grant advances
(1,248)
(881)
Income tax paid
(474)
(245)Net cash flow used in operating activities
(14,663)
(9,384)Investing activities
 

 

Purchase of intangible assets and property, plant and equipment
(1,199)
(461)
Proceeds from sale of intangible assets
43,017

-

Investment in ACP Advanced Circuit Pursuit, net of cash acquired
-

(1,080)
Sale (Purchase) of financial assets
99

(40)
Decrease (increase) of short-term deposit
-

19,000

Interest received
38

552
Net cash flow from (used in) investing activities
41,955

17,971
Financing activities
 

 

Proceeds from exercise of pre-funded and common warrants
73

-

Proceeds (repayment of) from interest-bearing receivables financing
-

(3,742)
Purchase of treasury shares
(933)
-

Payment of lease liabilities
(342)
(348)
Repayment of convertible debt
(28,254)
-

Repayment of government loans
(369)
(326)
Repayment of loans
-

(420)
Repayment of interest-bearing research project financing
(40)
(370)
Interest paid
(185)
(528)Net cash flows from (used in) financing activities
(30,050)
(5,734)
Net increase in cash and cash equivalents
(2,758)
2,853

Net foreign exchange difference
-

2

Cash and cash equivalents at January 1
13,386

9,093
Cash and cash equivalents at end of the period
10,628

11,948

(1) The financial results for 2025 differ from the preliminary unaudited results disclosed in the Company's February 10, 2026 and May 6, 2025 earnings press releases. The changes primarily relate to the timing and amount of revenue recognized, adjustments related to the accounting for the compound financial instruments issued in July 2025 and related embedded derivative, the classification of digital asset losses between impairment and losses on sale, the accounting for acquired licenses, property plant and equipment, and new leases, and other adjustments attributable to normal year-end closing procedures, audit adjustments, and the completion of management's review.
 SEQUANS COMMUNICATIONS S.A. PRELIMINARY UNAUDITED RECONCILIATION OF NON-IFRS FINANCIAL RESULTS(in thousands of US$, except share and per share amounts)
Three months ended

March 31,
2026

Dec 31, 2025 (3)

March 31,
2025
IFRS profit (loss) as reported$(54,312)$(76,427)$(7,268)Add back
 

 

 

Non-cash stock-based compensation expense according to IFRS 2 (1)
476

356

1,014

Non-cash impairment of digital assets
29,334

56,283

-

Non-cash change in the fair value of embedded derivatives
(9,942)
(30,804)
-

Non-cash interest on convertible debt and other financing (2)
3,872

5,075

111

Non-cash impact on gain (loss) on debt extinguishment
9,866

29,348

-
Non-IFRS profit (loss) adjusted$(20,706)$(16,169)$(6,143)IFRS basic profit (loss) per ADS as reported
($3.73)
($4.93)
($0.29)Add back
 

 

 

Non-cash stock-based compensation expense according to IFRS 2 (1)$0.03
$0.02
$0.04

Non-cash impairment of digital assets$2.01
$3.63
$0.00

Non-cash change in the fair value of embedded derivatives
($0.68)
($1.99)$0.00

Non-cash interest on convertible debt and other financing (2)$0.27
$0.33
$0.01

Non-cash impact on gain (loss) on debt extinguishment$0.68
$1.90
$0.00
Non-IFRS basic profit (loss) per ADS
($1.42)
($1.04)
($0.24)IFRS diluted profit (loss) per ADS
($3.73)
($4.93)
($0.29)Add back
 

 

 

Non-cash stock-based compensation expense according to IFRS 2 (1)$0.03
$0.02
$0.04

Non-cash impairment of digital assets$2.01
$3.63
$0.00

Non-cash change in the fair value of embedded derivatives
($0.68)
($1.99)$0.00

Non-cash interest on convertible debt and other financing (2)$0.27
$0.33
$0.01

Non-cash impact on gain (loss) on debt extinguishment$0.68
$1.90
$0.00
Non-IFRS diluted profit (loss) per ADS
($1.42)
($1.04)
($0.24)


 

 

 

(1) Included in the IFRS profit (loss) as follows:
 

 

 

    Cost of product revenue$2
$(21)$16

    Research and development
156

209

205

    Sales and marketing
70

(93)
223

    General and administrative
248

261

570

(2) Related to the difference between contractual and effective interest rates

(3) The financial results for 2025 differ from the preliminary unaudited results disclosed in the Company's February 10, 2026 and May 6, 2025 earnings press releases. The changes primarily relate to the timing and amount of revenue recognized, adjustments related to the accounting for the compound financial instruments issued in July 2025 and related embedded derivative, the classification of digital asset losses between impairment and losses on sale, the accounting for acquired licenses, property plant and equipment, and new leases, finalization of purchase accounting and other adjustments attributable to normal year-end closing procedures, audit adjustments, and the completion of management's review.
 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295950 Original: Sequans Communications Preliminary Unaudited First Quarter 2026 Financial Results

Sequans Announces Conference Call to Review First Quarter 2026 ResultsApril 21, 2026 6:00 AM
NewsfileParis, France--(Newsfile Corp. - April 21, 2026) - Sequans Communications S.A. (NYSE: SQNS), a pioneer in cellular IoT solutions, will release its financial results for the first quarter of 2026 on Tuesday, May 5, 2026, during pre-market hours. Following the announcement, Sequans' management will host a conference call at 8:00 a.m. ET.Conference Call DetailsDate:
Time:
Dial in:Tuesday, May 5, 2026
8:00 a.m. ET / 14:00 CET
Link Upon registration, participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique registrant ID.Those who wish to join the live webcast can access it here.The company suggests participants for both the conference call and those listening via the web dial in or sign on at least 15 minutes in advance of the call.For those unable to participate in the live event, a replay will be available on the company's website after 9:00 a.m. ET.About SequansSequans Communications S.A. (NYSE: SQNS) is a leading fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT). Sequans' engineers design and develop innovative, secure, and scalable technologies that power the next generation of AI-connected applications - including secured payment, smart mobility and logistics, smart cities, industrial, e-health, and smart homes. Sequans offers a comprehensive portfolio of 4G/5G solutions, including LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap and eRedCap platforms, all purpose-built for IoT and delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. The company also provides advanced design services and technology licensing.Founded in 2003, Sequans is headquartered in France and operates globally, with offices in the United States, United Kingdom, Switzerland, Israel, Finland, Taiwan, and China.Visit Sequans at sequans.com and follow us on LinkedIn and X. ContactsSequans investor relations: David Hanover/Rob Kelly, KCSA Strategic Communications (USA), +1 212.682.6300, ir@sequans.comSequans media relations: Linda Bouvet (France), +33 170721600, media@sequans.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/293558
Original: Sequans Announces Conference Call to Review First Quarter 2026 Results

Sequans Demonstrates Market Leadership with Breakthrough 5G eRedCap and RF Technologies at MWC 2026February 25, 2026 8:00 AM
NewsfileParis, France--(Newsfile Corp. - February 25, 2026) - Sequans Communications S.A. (NYSE: SQNS), a pioneer in cellular IoT solutions, will showcase its newest innovations at Mobile World Congress 2026 in Barcelona (March 2-5), Hall 5, Stand 5D81. The company will highlight:its latest 5G eRedCap semiconductor solution, engineered to anticipate and support the accelerating migration from 4G to 5G networks, enabling smooth transitions and long-term device longevity,its advanced RF transceiver technology, enabling a wide range of software-defined radio applications, andits expanding IP portfolio, extending beyond traditional IoT applications.Advancing IoT Device Longevity with 5G eRedCapSequans will present its third-generation low-power semiconductor platform, featuring two new chips-Monarch 3 and Calliope 3-that extend its flagship cellular IoT product families. These new solutions give customers using 4G Calliope 2 (LTE Cat 1bis) or Monarch 2 (LTE-M/NB-IoT) a smooth, future-proof evolution path to 5G NR eRedCap, enabling longer device lifecycles and sustained network compatibility. Monarch 3 integrates 5G NR eRedCap Half Duplex (HD) with 4G fallback, making it ideal for 5G networks operating in HD mode and delivering ultra-low cost with exceptional energy efficiency. The Monarch platform continues to be optimized for applications such as smart metering, healthcare, asset tracking, and low-data-rate industrial devices.Calliope 3 supports 5G NR eRedCap Full and Half Duplex (FD/HD) and covers both FDD and TDD bands, with 4G fallback. It extends the Calliope family's track record of reliable, cost-effective solutions for higher-end IoT devices and is the ideal choice for fleet management, security systems, and 5G networks operating exclusively in FD mode.Pushing the Limits of Software-Defined RadioSequans will also highlight its newest Iris RF transceiver, engineered to deliver high performance, exceptional flexibility, and a high degree of integration for a wide range of Software-Defined Radio (SDR) applications. Iris enables scalable and efficient architecture for advanced connectivity devices across consumer, industrial, enterprise, and defense markets.Technology IP Licensing for 5G and BeyondWith decades of innovation and successful partnerships with Fortune 500 companies and top-tier technology leaders, Sequans offers a powerful portfolio of licensable technology IP, including:Advanced RF Transceiver and Analog Silicon IPModem and SoC IP Carrier-grade 5G Protocol StackThese IP offerings enable semiconductor vendors, device manufacturers, and infrastructure providers to accelerate the development of high-performance solutions for 5G and other next-generation wireless connectivity."MWC 2026 is the perfect stage to showcase how the IoT industry is accelerating toward 5G, and our new Monarch 3 and Calliope 3 eRedCap platforms are built precisely for this next phase," said Georges Karam, CEO of Sequans. "With our latest RF transceiver, and our expanding IP portfolio, we are giving customers a clear, innovative, and future-proof roadmap that makes advanced wireless connectivity accessible to every application and every industry - extending well beyond cellular IoT."Sequans will exhibit at Mobile World Congress 2026, March 2-5, in Hall 5, Stand 5D81. Attendees are invited to visit the booth to learn more about these cutting-edge technologies.About SequansSequans Communications S.A. (NYSE: SQNS) is a leading fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT). Sequans' engineers design and develop innovative, secure, and scalable technologies that power the next generation of AI-connected applications - including secured payment, smart mobility and logistics, smart cities, industrial, e-health, and smart homes. Sequans offers a comprehensive portfolio of 4G/5G solutions, including LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap and eRedCap platforms, all purpose-built for IoT and delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. The company also provides advanced design services and technology licensing. Founded in 2003, Sequans is headquartered in France and operates globally, with offices in the United States, United Kingdom, Switzerland, Israel, Finland, Taiwan, and China.Contacts

Sequans investor relations:David Hanover/Rob Kelly, KCSA Strategic Communications (USA), +1 212.682.6300, ir@sequans.comSequans media relations:Linda Bouvet (France), +33 170721600, media@sequans.com Visit Sequans at sequans.com and follow us on LinkedIn and X. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285240
Original: Sequans Demonstrates Market Leadership with Breakthrough 5G eRedCap and RF Technologies at MWC 2026

Sequans Communications Unaudited Fourth Quarter and Full Year 2025 Financial ResultsFebruary 10, 2026 6:00 AM
NewsfileParis, France--(Newsfile Corp. - February 10, 2026) - Sequans Communications S.A. (NYSE: SQNS) ("Sequans" or the "Company"), a leading provider of 5G/4G cellular IoT semiconductor solutions and a pioneer in Bitcoin treasury, today announced unaudited financial results for the fourth quarter and full year ended December 31, 2025.Fourth Quarter and Full Year 2025 Summary Unaudited Results Table (*):(in US$ millions, except share and 
per share data)Q4 2025Q3 2025 (1)Q4 2024Full year 2025Full year 2024Revenue $7.0 $4.0 $11.0 $27.2 $36.8 Gross profit $2.6 $1.7 $7.4 $14.8 $27.7 Gross margin (%) 37.7 % 42.4 % 67.4 % 54.3 % 75.3 %Operating income (loss) ($74.5) ($20.5) ($5.6) ($110.3) $69.5 Net profit (loss) ($87.1) $0.9 ($2.4) ($102.4) $57.6 Diluted income (loss) per ADS ($5.62) $0.06 ($0.95) ($11.81) $20.27 Non-IFRS diluted income (loss) per ADS (2) ($1.19) ($0.73) ($0.87) ($5.04) $22.57 Weighted average number of diluted ADS (IFRS) 15,504,809 15,356,080 2,500,854 8,673,667 2,840,210 Weighted average number of diluted ADS (Non-IFRS) 15,504,809 13,933,963 2,500,854 8,673,667 2,840,210 (1) Restated to reflect finalization of the allocation of the ACP acquisition purchase price and accounting for compound financial instruments issued in July 2025, and change of $255,000 in recognition of certain service revenue from straight-line to per unit basis to align with associated product revenue sales.(2) See Use of Non-IFRS/non-GAAP Financial Measures disclosure on page 3. (*) Bitcoin KPIs are presented on the website and are updated with public information on an ongoing basis: https://sequans.com/bitcoin-treasury"Our IoT semiconductor business continues to gain momentum and our fourth-quarter revenue of $7 million was predominantly product-driven," said Dr. Georges Karam, CEO of Sequans. "We exited 2025 with a strengthened revenue profile, backed by a strong order backlog and a design-win pipeline of more than $300 million in potential three-year product revenue. Over 44% of those design-wins are already in mass production and additional projects are expected to be added to production throughout 2026. With increasing numbers of projects now in production, strong demand across LTE-M, Cat 1bis, RF transceivers, and early 5G eRedCap engagements, and a clear path toward projected cash-flow break-even by the end of 2026, we believe Sequans is positioned to drive sustainable growth and long-term shareholder value."Dr. Karam added, "At the same time, we have continued to take a disciplined and value-driven approach to capital allocation, balancing execution of our IoT business with thoughtful management of our Bitcoin digital asset treasury. In an environment where many of our digital asset treasury peers are trading below intrinsic value, we believe the most accretive action has been repurchasing our ADS at a meaningful discount to our net cash and Bitcoin NAV. In the fourth quarter, we repurchased approximately 9.7% of our outstanding ADSs and have received Board authorization to repurchase an additional 10%. We remain focused on unlocking the full value underlying our balance sheet while maintaining flexibility to evaluate other capital allocation tools as market conditions evolve."Fourth Quarter 2025 Financial Summary:Revenue: Revenue was $7.0 million, an increase of 72.6% compared to the third quarter of 2025 and a decrease of 37.0% compared to the fourth quarter of 2024. In the fourth quarter of 2024, revenue included significant license and services revenue from Qualcomm related to the 2024 sale and license of intellectual property. Gross margin: Gross margin was 37.7% compared to 42.4% in the third quarter of 2025 and 67.4% in the fourth quarter of 2024, reflecting higher product sales in the revenue mix in the third and fourth quarters of 2025 compared with the fourth quarter of 2024, which included a significant amount of license and services revenue. In the fourth quarter of 2025, provisions for slow-moving inventory were recorded. Gross margin excluding this impact would have been approximately 43%.Operating loss: Operating loss was $74.5 million compared to operating loss of $20.5 million in the third quarter of 2025 and $5.6 million in the fourth quarter of 2024. The operating loss in the fourth quarter of 2025 included a $56.9 million unrealized loss on impairment of the value of our Bitcoin investment compared to an $8.2 million unrealized loss in the third quarter of 2025, and a realized net loss of $8.4 million on the sale of Bitcoin done to finance the redemption of convertible debt and the Company's ADS buyback program. Net profit (loss): Net loss was $87.1 million, or ($5.62) per diluted ADS, compared to net profit of $0.9 million, or $0.06 per diluted ADS, in the third quarter of 2025 and net loss of $2.4 million, or ($0.95) per diluted ADS, in the fourth quarter of 2024. Net loss in the third quarter of 2025 included a non-cash $23.1 million gain on the change in value of the embedded derivative related to compound financial instruments issued in July 2025 and a non-cash loss of $29.1 million on the early extinguishment of debt, and included net interest expense of $5.8 million that was primarily non-cash and related to the IFRS accounting for the convertible debt issued in July. Non-IFRS loss: Excluding non-cash impairment of digital assets, non-cash stock-based compensation, the non-cash impact of the fair-value, non-cash loss on early extinguishment of debt, and effective interest adjustments related to the convertible debt and associated embedded derivatives and other financings, non-IFRS net loss was $18.5 million, or ($1.19) per diluted ADS, in the fourth quarter of 2025 compared to non-IFRS net loss of $11.2 million, or ($0.73) per diluted ADS in the third quarter of 2025, and non-IFRS net profit of $2.2 million, or ($0.87) per diluted ADS, in the fourth quarter of 2024. Cash: Cash and cash equivalents at December 31, 2025 totaled $13.4 million, the same amount as at September 30, 2025. Digital assets: At December 31, 2025, the Company held 2,139 Bitcoin with a market value of $187.1 million, of which 1,617 Bitcoin ($141.4 million) was pledged as security for $94.5 million of convertible debt issued in July 2025. Conference Call DetailsDate: Tuesday, February 10, 2026
Time: 8:00 a.m. ET / 14:00 CETThe live webcast will be available on the Sequans Investor Relations website at https://sequans.com/investor-relations/investor-materials/.To participate via telephone, please register in advance using this link: https://register-conf.media-server.com/register/BIc0264ac506fc4ae09bd78844e6d8f586. Upon registration, participants will receive a confirmation email detailing how to join the conference call, including the dial-in number and a unique registrant ID.Those who wish to join the live webcast can access it here: https://edge.media-server.com/mmc/p/rfdt2cm6/The company suggests participants for both the conference call and those listening via the web dial in or sign on at least 15 minutes in advance of the call.For those unable to participate in the live event, a replay will be available on the company's website after 9:00 a.m. ET.Forward-Looking StatementsThis press release contains certain statements that are, or may be deemed to be, forward-looking statements with respect to financial condition, results of operations and business of Sequans, bitcoin treasury and business strategy for 2026 and beyond, ADS repurchase plans, financing requirements, and business strategy for 2026 and beyond. These forward-looking statements include, but are not limited to, statements that are not historical fact. These forward-looking statements can be identified by the fact that they do not relate to historical or current facts. Forward-looking statements also often use words such as "anticipate," "committed to", "target," "continue," "estimate," "expect," "forecast," "intend," "may," "plan," "goal," "believe," "hope," "aims," "continue," "could," "project," "should," "will" or other words of similar meaning. These statements are based on assumptions and assessments made by Sequans in light of its experience and perception of historical trends, current conditions, future developments and other factors they believe appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct, and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement.Forward-looking statements are not guarantees of future performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Such risks and uncertainties include, but are not limited to, our ability to successfully implement our Bitcoin treasury strategy and potential adverse reactions or changes to business relationships resulting from the implementation of the Bitcoin treasury initiative and fluctuations on the value of Bitcoin and the implications of a decline in the value of Bitcoin on our collateral requirements. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are changes in the global, political, economic, business and competitive environments, market and regulatory forces, including tariffs and trade wars, and a decline in the value of Bitcoin. If any one or more of these risks or uncertainties materialize or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward-looking statements should therefore be construed in the light of such factors. A more complete description of these and other material risks can be found in Sequans' filings with the SEC, including its annual report on Form 20-F for the year ended December 31, 2024, "Risk Related to Our Bitcoin Strategy and Holdings" filed on Form 6-K on July 17, 2025 and other documents that may be filed from time to time with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this announcement. Sequans undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law.Use of Non-IFRS/non-GAAP Financial MeasuresTo supplement our unaudited consolidated financial statements prepared in accordance with IFRS, we disclose certain non-IFRS, or non-GAAP, financial measures. These measures exclude the non-cash impairment of digital assets, non-cash stock-based compensation and the non-cash impacts of convertible debt extensions, and effective interest adjustments related to the convertible debt with embedded derivatives and other financings. We believe that these measures can be useful to facilitate comparisons among different companies. These non-GAAP measures have limitations in that the non-GAAP measures we use may not be directly comparable to those reported by other companies. We seek to compensate for this limitation by providing a reconciliation of the non-GAAP financial measures to the most directly comparable IFRS measures in the table attached to this press release.About Sequans CommunicationsSequans Communications S.A. (NYSE: SQNS) is a leading fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT) as well as a pioneer in Bitcoin Treasury. Sequans views Bitcoin as a long-term investment and intends to strategically accumulate it as its primary treasury reserve asset. The company's approach involves acquiring and holding Bitcoin using net proceeds from equity and debt issuances — executed from time to time based on market conditions — as well as cash generated from operations and intellectual property monetization.Sequans' engineers design and develop innovative, secure, and scalable technologies that power the next generation of AI-connected applications - including secured payment, smart mobility and logistics, smart cities, industrial, e-health, and smart homes. Sequans offers a comprehensive portfolio of 4G/5G solutions, including LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms, all purpose-built for IoT and delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. The company also provides advanced design services and technology licensing. Sequans management believes the combination of a strategic Bitcoin reserve and deep focus on semiconductor innovation positions the company for long-term value creation.Founded in 2003, Sequans is headquartered in France and operates globally, with offices in the United States, United Kingdom, Switzerland, Israel, Finland, Taiwan, and China.Visit Sequans at sequans.com and follow us on LinkedIn and X. Sequans investor relations: David Hanover/Rob Kelly, KCSA Strategic Communications (USA), +1 212.682.6300, ir@sequans.com
Sequans media relations: Linda Bouvet (France), +33 170721600 media@sequans.comCondensed financial tables followSEQUANS COMMUNICATIONS S.A. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    Three months ended     (in thousands of US$, except share and per share amounts)            Dec 31, 
2025   Sept 30, 
2025 (1)   Dec 31, 
2024             
Revenue
6,961

4,034

11,049

Cost of revenue
(4,339)

(2,324)

(3,605)

Gross profit
2,622

1,710

7,444

Other operating Income (expenses)
(320)

(418)

-

Research and development expense
(6,614)

(7,510)

(7,522)

Sales and marketing expense
(1,825)

(2,143)

(2,411)

General and administrative expense
(3,084)

(3,935)

(3,072)

Digital asset Impairment losses
(56,899)

(8,230)

-

Digital asset losses on sales, net
(8,390)

-

-

Total operating income (expenses)
(77,132)

(22,236)

(13,005)

Operating profit (loss)
(74,510)

(20,526)

(5,561)

Financial income (expense):










Interest income (expense), net
(5,737)

(6,957)

540


Change in fair value of derivative financial instruments
23,079

28,325

-


Gain (loss) on debt extinguishment
(29,067)

-

332


Foreign exchange gain (loss)
(251)

230

854

Profit (Loss) before income taxes
(86,486)

1,072

(3,835)

Income tax expense
(641)

(178)

1,458

Profit (Loss)$(87,127)$894
$(2,377)
Attributable to:
 

 

 


Shareholders of the parent
(87,127)
894

(2,377)

Minority interests
-

-

-

Basic income (loss) per ADS
($5.62)$0.06

($0.95)
Diluted income (loss) per ADS
($5.62)$0.06

($0.95)
Weighted average number of ADS used for computing:
 

 

 

- Basic
15,504,809

13,933,963

2,500,854

- Diluted
15,504,809

15,356,080

2,500,854

(1) Restated to reflect finalization of the allocation of the ACP acquisition purchase price and accounting for compound financial instruments issued in July 2025, and change of $255,000 in recognition of certain service revenue from straight-line to per unit basis to align with associated product revenue sales.
 SEQUANS COMMUNICATIONS S.A. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS



Twelve months ended Dec 31,
(in thousands of US$, except share and per share amounts)
2025

2024









Revenue
27,191

36,831
Cost of revenue
(12,426)

(9,092)
Gross profit
14,765

27,739
Other operating Income (expenses)
(738)

-
Gain on sale of 4G intangible and tangible assets, net
-

153,129
Research and development expense
(29,844)

(28,527)
Sales and marketing expense
(8,521)

(11,773)
General and administrative expense
(12,489)

(14,402)
Digital asset Impairment losses
(65,129)

-
Digital asset losses on sales, net
(8,390)

-
Impairment of 5G broadband platform intangible and tangible assets
-

(56,633)
Total operating income (expenses)
(125,111)

41,794
Operating profit (loss)
(110,346)

69,533
Financial income (expense):






Interest income (expense), net
(12,165)

(22,878)

Change in fair value of derivative financial instruments
51,404

3

Gain (loss) on debt extinguishment
(29,067)

13,952

Foreign exchange gain (loss)
(1,014)

494
Profit (Loss) before income taxes
(101,188)

61,104
Income tax expense
(1,254)

(3,537)
Profit (Loss)$(102,442)$57,567
Attributable to:
 

 

Shareholders of the parent
(102,442)
57,567

Minority interests
-

-
Basic income (loss) per ADS
($11.81)$23.19
Diluted income (loss) per ADS
($11.81)$20.27
Weighted average number of ADS used for computing:
 

 
- Basic
8,673,667

2,482,902
- Diluted
8,673,667

2,840,410
 SEQUANS COMMUNICATIONS S.A. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

At Dec 31,

At Dec 31,
(in thousands of US$)
2025

2024
ASSETS





Non-current assets





Property, plant and equipment
$ 6,207

$ 4,308
Intangible assets
9,413

5,641
Goodwill
3,099

-
Digital assets
187,149

-
Deposits and other receivables
2,262

3,246
Prepaid expenses
5,461

-
Other non-current financial assets
409

353
Total non-current assets
214,000

13,548
Current assets





Inventories
3,933

2,874
Trade receivables
3,512

4,809
Contract assets
98

122
Prepaid expenses
1,721

1,410
Other receivables
6,059

17,492
Research tax credit receivable
6,228

4,184
Short-term deposits
-

53,000
Cash and cash equivalents
13,398

9,093
Total current assets
34,949

92,984
Total assets$248,949
$106,532
EQUITY AND LIABILITIES
 

 
Equity
 

 
Issued capital, euro 0.01 nominal value, 1,599,589,702 shares authorized, issued and outstanding at December 31, 2025 (251,408,922 shares at December 31, 2024)$18,718
$2,934
Share premium
179,083

14,512
Other capital reserves
77,521

74,504
Treasury shares
(9.363)
-
Accumulated deficit
(138,237)
(35,795)Other components of equity
(5)
(796) Total equity
127,717

55,359
Non-current liabilities
 

 
Government loan
-

616
Government research financing
3,091

5,669
Convertible debt
57,024

-
Embedded derivatives
10,800

-
Lease liabilities
2,015

333
Trade payables and other non-current liabilities
1,439

-
Provisions
2,096

1,400
Deferred tax liabilities
186

173
Contract liabilities
5,186

809
Total non-current liabilities
81,837

9,000
Current liabilities
 

 
Trade payables
11,199

6,106
Interest-bearing receivables financing
-

3,742
Lease liabilities
679

1,439
Government loan
979

1,802
Government research financing
4,269

4,062
Contract liabilities
5,682

11,021
Income tax liabilities - Parent
3,124

2,827
Other current liabilities and provisions
13,463

11,174
Total current liabilities
39,395

42,173
Total equity and liabilities$248,949
$106,532
 SEQUANS COMMUNICATIONS S.A. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW




Twelve months ended Dec 31,
(in thousands of US$)
2025

2024
Operating activities






Loss before income taxes$(101,188)$61,104

Adjustments to reconcile profit before tax to net cash flows
 

 


Depreciation and impairment of property, plant and equipment
2,959

3,353


Amortization and impairment of intangible assets
4,991

60,690


Impairment of digital assets
65,129

-


Share-based payment expense
3,017

4,090


Decrease in provision
541

191


Interest expense, net
12,165

22,878


Change in the fair value of convertible debt embedded derivative
(51,404)
(3)

Loss (gain) on debt extinguishment, net of non-cash transaction costs
28,018

(13,952)

Foreign exchange loss (gain)
(439)
(29)

Loss (gain) on disposal of intangible and tangible assets
12

(157,095)

Loss on digital assets
8,360

-

Working capital adjustments
 

 


Decrease in trade receivables and other receivables
5,294

3,637


Decrease (increase) in inventories
(1,275)
3,141


Increase in research tax credit receivable
(2,439)
(2,081)

Increase (decrease) in trade payables and other liabilities
4,936

(13,076)

Increase (Decrease) in contract liabilities
(2,432)
5,978


Increase in government grant advances
1,863

2,416

Income tax paid
(888)
(753)Net cash flow used in operating activities
(22,780)
(19,511)Investing activities
 

 

Purchase of intangible assets and property, plant and equipment
(5,913)
(3,316)
Purchase of digital assets
(377,200)
-

Capitalized development expenditures
-

(16,428)
Proceeds from sale of intangible assets
-

165,611

Proceeds from sale of digital assets
116,532

-

Investment in ACP Advanced Circuit Pursuit, net of cash acquired
(2,398)
-

Sale (Purchase) of financial assets
382

(30)
Decrease (increase) of short-term deposit
53,000

(53,000)
Interest received
1,413

850
Net cash flow from (used in) investing activities
(214,184)
93,687
Financing activities
 

 

Private equity offering proceeds, net of transaction costs paid
184,660

-

Proceeds from convertible debt, net of transaction costs paid
174,395

-

Proceeds (repayment of) from interest-bearing receivables financing
(3,742)
3,329

Proceeds from related party loans
-

14,000

Proceeds from interest-bearing research project financing
1,129

934

Purchase on own shares
(9,363)
-

Payment of lease liabilities
(1,518)
(1,508)
Repayment of convertible debt
(100,643)
(54,935)
Repayment of government loans
(1,402)
(1,705)
Repayment of loans
(420)
(23,000)
Repayment of interest-bearing research project financing
(461)
(1,316)
Interest paid
(1,504)
(6,587)Net cash flows from (used in) financing activities
241,131

(70,788)
Net increase in cash and cash equivalents
4,167

3,388

Net foreign exchange difference
138

-

Cash and cash equivalents at January 1
9,093

5,705
Cash and cash equivalents at end of the period
13,398

9,093
 SEQUANS COMMUNICATIONS S.A. UNAUDITED RECONCILIATION OF NON-IFRS FINANCIAL RESULTS(in thousands of US$, except share and per share amounts)
Three months ended

Dec 31,
2025

Sept 30, 
2025 (3)

December 31, 2024
IFRS profit (loss) as reported$(87,127)$894
$(2,377)Add back
 

 

 

Non-cash stock-based compensation expense according to IFRS 2 (1)
362

762

480

Non-cash impairment of digital assets
56,899

8,230

-
           
Non-cash change in the fair value of embedded derivatives
(23,079)
(28,325)
-

Non-cash interest on convertible debt and other financing (2)
5,352

7,216

62

Non-cash impact on gain (loss) on debt extinguishment
29,067

-

(332)Non-IFRS profit (loss) adjusted$(18,526)$(11,223)$(2,167)IFRS basic profit (loss) per ADS as reported
($5.62)$0.06

($0.95)Add back
 

 

 

Non-cash stock-based compensation expense according to IFRS 2 (1)$0.02
$0.05
$0.19

Non-cash impairment of digital assets$3.67
$0.59
$0.00
           
Non-cash change in the fair value of embedded derivatives
($1.49)
($2.03)$0.00

Non-cash interest on convertible debt and other financing (2)$0.35
$0.52
$0.02

Non-cash impact on gain (loss) on debt extinguishment$1.88
$0.00

($0.13)Non-IFRS basic profit (loss) per ADS
($1.19)
($0.81)
($0.87)IFRS diluted profit (loss) per ADS
($5.62)$0.06

($0.95)Add back
 

 

 

Non-cash stock-based compensation expense according to IFRS 2 (1)$0.02
$0.05
$0.19

Non-cash impairment of digital assets$3.67
$0.54
$0.00
           
Non-cash change in the fair value of embedded derivatives
($1.49)
($2.03)$0.00

Non-cash interest on convertible debt and other financing (2)$0.35
$0.52
$0.02

Non-cash impact on gain (loss) on debt extinguishment$1.88
$0.00

($0.13)Non-IFRS diluted profit (loss) per ADS
($1.19)
($0.73)
($0.87)


 

 

 

(1) Included in the IFRS profit (loss) as follows:
 

 

 

Cost of product revenue$(21)$12
$18

Research and development
215

166

228

Sales and marketing
(93)
172

(41)
General and administrative
261

412

275

(2) Related to the difference between contractual and effective interest rates

(3) Restated to reflect finalization of the allocation of the ACP acquisition purchase price and accounting for compound financial instruments issued in July 2025, and change of $255,000 in recognition of certain service revenue from straight-line to per unit basis to align with associated product revenue sales.
 SEQUANS COMMUNICATIONS S.A. UNAUDITED RECONCILIATION OF NON-IFRS FINANCIAL RESULTS(in thousands of US$, except share and per share amounts)
Twelve months ended Dec 31,

2025

2024
IFRS profit (loss) as reported$(102,442)$57,567
Add back
 

 

Non-cash stock-based compensation expense according to IFRS 2 (1)
3,017

4,126

Non-cash impairment of digital assets
65,129

-
        
Non-cash change in the fair value of embedded derivatives
(51,404)
(3)
Non-cash interest on convertible debt and other financing (2)
12,882

16,377

Non-cash impact on gain (loss) on debt extinguishment
29,067

(13,952)Non-IFRS profit (loss) adjusted$(43,751)$64,115
IFRS basic profit (loss) per ADS as reported
($11.81)$23.19
Add back
 

 

Non-cash stock-based compensation expense according to IFRS 2 (1)$0.35
$1.66

Non-cash impairment of digital assets$7.51
$0.00
        
Non-cash change in the fair value of embedded derivatives
($5.93)$0.00

Non-cash interest on convertible debt and other financing (2)$1.49
$6.59

Non-cash impact on gain (loss) on debt extinguishment$3.35

($5.62)Non-IFRS basic profit (loss) per ADS
($5.04)$25.82
IFRS diluted profit (loss) per ADS
($11.81)$20.27
Add back
 

 

Non-cash stock-based compensation expense according to IFRS 2 (1)$0.35
$1.45

Non-cash impairment of digital assets$7.51
$0.00
        
Non-cash change in the fair value of embedded derivatives
($5.93)$0.00

Non-cash interest on convertible debt and other financing (2)$1.49
$5.77

Non-cash impact on gain (loss) on debt extinguishment$3.35

($4.91)Non-IFRS diluted profit (loss) per ADS
($5.04)$22.57




 

 

(1) Included in the IFRS profit (loss) as follows:
 

 


Cost of product revenue$20
$84


Research and development
766

722


Sales and marketing
494

992


General and administrative
1,737

2,328

(2) Related to the difference between contractual and effective interest rates

 
 To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283397
Original: Sequans Communications Unaudited Fourth Quarter and Full Year 2025 Financial Results

The American ADR shares are either going to reverse split 1 for 10 or 1 for 100. Either way. The shares are worth 125 million right now and they hold over 3200 bitcoins. This company’s Net Asset Value alone should have the stock at $20 or $200 depending on which split they choose to do.

It is quite here. Let's go!

SQNS$$$ Could be the next BMN*R...Crazy Cheap on Big News..

Sequans Communications On May 13, Filed Complaint In Court Of Chancery Of State Of Delaware Against Renesas Electronics
Reuters 05/14/2025 07:43

May 14 (Reuters) -
SEQUANS COMMUNICATIONS: ON MAY 13, FILED COMPLAINT IN COURT OF CHANCERY OF STATE OF DELAWARE AGAINST RENESAS ELECTRONICS
SEQUANS COMMUNICATIONS SA: FILES COMPLAINT FOR BREACH OF AFFIRMATIVE COVENANTS SET FORTH IN MOU DATED AUG 4, 2023
SEQUANS COMMUNICATIONS SA: SEEKING MONETARY DAMAGES OF $250 MILLION PLUS INTEREST

Effective February 24, 2025, Sequans Communications S.A. (the “Company”) named Dr. Qiuting Huang as its Chief Technology Officer. Dr. Huang joined the Company upon its acquisition of ACP Advanced Circuit Pursuit Ltd (“ACP”) in January 2025, where he was CEO. Dr. Huang is also an emeritus professor of the Swiss Federal Institute of Technology (ETH) in Zurich, where he led pioneering research into the design of RF integrated circuits in CMOS technology (RF CMOS) and modem systems on a single chip (SoC) for cellular communications, as well as state-of-the-art analogue and digital integrated circuits for a variety of other applications, including wireline, smart power and biomedical, mostly in collaboration with industry. Dr. Huang founded ACP, a fabless developer of RF transceivers and SoCs for cellular communications, in 2001. He received his PhD degree in 1987 from the Katholieke Universiteit Leuven, Belgium, is a fellow of IEEE for contributions to integrated circuits for communications, and served for many years at the executive and technical program committees of ISSCC and ESSCIRC.

January 30, 2025 08:15 AM Eastern Standard TimeSEATTLE & LONDON & PARIS--(BUSINESS WIRE)--Sequans, a leading provider of cellular IoT semiconductors and modules, and Soracom, a global provider of cellular IoT connectivity with full MVNO capabilities, today announced the expansion of their partnership. This collaboration aims to simplify the development of IoT projects by offering evaluation kits (EVKs) powered by Soracom’s global IoT connectivity.“The combination of Sequans’ hardware and Soracom’s connectivity creates an effective and efficient solution that can make scaling an IoT deployment easier by ensuring a smooth transition from the evaluation stage to full deployment.”Post thisIoT application developers now have access to Sequans’ leading LTE-M/NB-IoT and Cat 1bis technology, combined with Soracom’s global connectivity. The EVKs are available in two variants:LTE-M/NB-IoT (Sequans Monarch2 GM02S EVK): This second-generation LPWA technology from Sequans features ultra-low power consumption and a compact form factor, making it ideal for applications such as smart utility meters, industrial sensors, health and fitness trackers, and more.LTE Cat 1bis (Sequans Calliope2 GC02S1 EVK): Featuring Sequans’ leading Cat 1bis technology, certified in North America and Europe. It can operate on any LTE network worldwide, ideal for deployments that require global coverage with cross border connectivity, such as connected vehicles, logistics tracking systems, and telematics.Each kit comes with a Soracom global IoT SIM card preloaded with connectivity for up to 3 months, allowing users to benefit from cellular coverage in +170 territories, including LTE-M coverage in 51 territories and NB-IoT coverage in 35. This also gives them access to the Soracom suite of connectivity solutions, which offers features that can help secure a deployment, transmit data directly to cloud functions, manage IoT devices remotely, and more!"At Soracom, we are focused on helping developers and enterprises bring their IoT projects to life quickly and efficiently," said Takashi Serizawa, Head of Europe Region at Soracom. "By expanding our collaboration with Sequans and offering these EVKs with Soracom connectivity, we’re removing friction from the development process and enabling our customers to test, iterate, and scale their IoT solutions with ease."“We are thrilled to deepen our partnership with Soracom and provide developers with the tools they need to launch their IoT solutions quickly and efficiently,” said Olivier Pauzet, Sequans EVP of Marketing and Strategy. “The combination of Sequans’ hardware and Soracom’s connectivity creates an effective and efficient solution that can make scaling an IoT deployment easier by ensuring a smooth transition from the evaluation stage to full deployment.”These EVKs are available through Sequans’ presence on global distribution channels such as Digikey and Mouser.About SoracomSoracom is a technology partner to more than 20,000 startups, SMBs, and enterprises. Soracom offers robust solutions specifically designed to make it easy to build, operate, and scale IoT deployments. Customers trust Soracom for affordable, reliable connectivity that accelerates speed to market, makes it easy to connect to any cloud, and offers access to a worldwide partner ecosystem.More information is available at www.soracom.io.About SequansSequans Communications S.A. (NYSE: SQNS) is a leading semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT). Sequans engineers design and develop innovative, secure, and scalable technologies that power the next generation of connected devices. It offers a wide range of solutions, including chips, modules, IP, and services. Its LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are optimized for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. Established in 2003, Sequans is headquartered in France and has a global presence with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, and China.More information is available at https://sequans.com.ContactsMedia Contacts
For Soracom:
Justine Schneider
Calysto Communications
jschneider@calysto.com

Sequans buys Swiss IoT electronics outfit ACP to boost RedCap drive
James Blackman
By James Blackman January 21, 2025

France-based cellular IoT chip maker Sequans Communications has acquired Swiss firm Advanced Circuit Pursuit (ACP) for an undisclosed fee. ACP produces integrated circuits, radio frequency (RF) transceivers, and systems-on-chip (SoCs) for cellular IoT and 5G mobile broadband modules. The deal will help Sequans’ reduced-capability 5G (5G RedCap) proposition, it said. The firm has placed its total faith in the burgeoning RedCap market, optimised for lower-power IoT through further reduced (‘enhanced’) eRedCap capabilities, following the sale of its 4G/LTE portfolio to Qualcomm last year.

Georges Karam, chairman and chief executive at Sequans, said: “The 5G eRedCap market is expected to surpass 4G IoT in scale, and this acquisition strengthens Sequans’ ability to capture this expanding market opportunity.” Zurich-based ACP brings with it a “small team”, a “robust” IP portfolio, and expertise in circuit-based metal oxide semiconductor (CMOS) technology, integrating RF, analogue, and digital electronics. As well as bringing “leadership” in eRedCap development, the deal will also accelerate its time-to-market for new eRedCap IoT chips, it said.

A statement said: “ACP’s proven radio technology and successful track record in selling its technology across various wireless market segments are expected to create new growth opportunities for Sequans. The acquisition brings a small, highly skilled team to Sequans with minimal impact on the company’s planned operating expenses for 2025. The acquisition is expected to generate modest revenue in 2025 and potentially contribute several million dollars in 2026 through ACP’s existing customer relationships.”

Georges Karam, chairman and chief executive at Sequans, said: “We are thrilled to welcome the ACP team to Sequans. Their advanced, ready-to-use technology and engineering expertise perfectly complement our existing capabilities and will be instrumental in driving our product innovations forward.”

Qiuting Huang, chief executive at ACP, said: “Joining Sequans marks a pivotal moment for the ACP team. Sequans’ pioneering leadership in cellular IoT provides an ideal platform for integrating our technologies and accelerating innovation in the 5G IoT product roadmap.”

Sequans retains a perpetual licence to continue to develop and sell its old 4G/LTE IoT portfolio, as part of its deal in August with Qualcomm. But its essential research and commercial focus has shifted to 5G-based IoT technologies, notably RedCap and eRedCap. Qualcomm said the deal strengthens its position in “intelligence at the edge”. Karam said at the time: “With a robust balance sheet, proven technology and a comprehensive portfolio that includes low-power LTE-M/NB-IoT, LTE Cat 1bis and upcoming 5G Redcap/eRedCap technology, Sequans is very well positioned.”

The firm was close to selling to Renesas Electronics early last year. A $249 million deal had been agreed, but the Japanese firm terminated the deal because of an “adverse Japanese tax ruling”, apparently about the fee it would be required to pay on “taxable gain” after integration of the Sequans business following its purchase. Sequans responded that it was business-as-usual, and that it had alternative options. “Strong customer relationships and the unique capabilities of its technology [mean we are] optimistic… to grow market share and expand revenue streams,” it said.

Meanwhile, IoT tracker maker GearTrack has said it will use the French firm’s flagship Monarch 2 GM02S LTE-M /NB-IoT module in its supply chain management solution, sold to freight and shipping companies to monitor cargo. Its IP67-rated sensors work in harsh environments, as well as indoors; its platform integrates with sundry enterprise resource planning (ERP), product lifecycle management (PLM), and manufacturing execution systems (MES) software to deliver alerts and insights about supply-chain assets.

Peyton Riley, chief technology officer at GearTrack, said: “Sequans’ Monarch module is a game-changer for us. Its superior connectivity and power efficiency enable us to offer GearTrack as a solution that not only meets but exceeds our customers’ expectations, providing rapid ROI and driving innovation in asset management.”

Karam said: “Our Monarch module was engineered for excellence in low-power LTE-M/NB-IoT connectivity. This collaboration underscores our commitment to empowering businesses with cutting-edge technology that ensures seamless, energy-efficient connectivity. We’re excited to support GearTrack in providing a robust, easy-to-implement solution for critical industrial assets.”

https://www.rcrwireless.com/20250121/internet-of-things/sequans-iot-acp-redcap

GearTrack Selects Sequans Monarch Module to Power Its Asset Tracking Solution
Partnership bolsters GearTrack's reliability by supplying critical IoT tracking connectivity technology
January 16, 2025 8:00 AM EST | Source: Sequans Communications

Paris, France--(Newsfile Corp. - January 16, 2025) - Sequans Communications S.A. (NYSE: SQNS), a leading 4G/5G IoT semiconductor company, today announced its partnership with GearTrack, an end-to-end intelligent supply chain management solution that works with shippers to monitor and protect their most critical assets. GearTrack has chosen to integrate the Sequans Monarch® 2 GM02S LTE-M /NB-IoT module into its solution, setting a new benchmark in critical industrial asset tracking and delivering unprecedented efficiency for high-value asset management.

"Sequans' Monarch module is a game-changer for us," said Peyton Riley, CTO of GearTrack. "Its superior connectivity and power efficiency enable us to offer GearTrack as a solution that not only meets but exceeds our customers' expectations, providing rapid ROI and driving innovation in asset management."

GearTrack's solution is transforming how businesses track and optimize components, parts, and finished goods across their supply chains. Equipped to operate both indoors and in rugged outdoor environments, GearTrack harnesses real-time data insights that simplify resource allocation, alleviate operational bottlenecks, and improve decision-making processes. By seamlessly integrating with enterprise systems like enterprise resource planning (ERP), product lifecycle management (PLM), and manufacturing execution systems (MES), GearTrack empowers manufacturers with a comprehensive view of their assets, promoting streamlined and agile operations.

"Our Monarch module was engineered for excellence in low-power LTE-M/NB-IoT connectivity," said Georges Karam, CEO of Sequans. "This collaboration underscores our commitment to empowering businesses with cutting-edge technology that ensures seamless, energy-efficient connectivity. We're excited to support GearTrack in providing a robust, easy-to-implement solution for critical industrial assets."

Built to thrive under industrial stress, GearTrack's IP67-rated sensors withstand harsh environments. This innovation is pivotal in addressing the demands of manufacturers who require reliable, high-performance asset-tracking solutions. GearTrack's easy-to-implement sensors collect data, while its platform delivers customizable alerts and real-time insights tailored to each customer's operational needs, to enable better resource allocation and reduce operational bottlenecks with customizable features and alerts.

GearTrack and Sequans partnership embodies a shared vision of innovation and operational excellence. Their combination of expertise in IoT solutions and advanced connectivity technology is already transforming how businesses approach logistics and asset management.

##

About Sequans

Sequans Communications S.A. (NYSE: SQNS) is a leading semiconductor company specialized in wireless cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of connected devices. We offer a wide range of solutions, including chips, modules, IP and services. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are optimized for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. Established in 2003, Sequans is headquartered in France and has a global presence with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, and China. To learn more, please visit Sequans.com

About GearTrack

GearTrack is an end-to-end IoT-powered supply chain solution designed to track, monitor, and protect high-value and condition-sensitive assets in real-time. With over 1 million proprietary sensors manufactured, GearTrack is trusted by industries from construction to pharmaceuticals. Their platform is designed to provide asset-level tracking, alerting shippers to potential risks before they cause costly damage or delays. GearTrack helps companies stay ahead of problems, reduce downtime, and ensure on-time, in-full deliveries. To learn more, please visit GearTrack.io.

Contacts

Sequans Investor Relations
Kim Rogers (USA)
+1 385.831.7337
ir@sequans.com

Sequans Media Relations
Linda Bouvet (France)
+33 170721600
media@sequans.com

GearTrack Media Relations
Erika Belezarian (USA)
+1 813.553.2144
erika@geartrack.io

https://www.newsfilecorp.com/release/237414/GearTrack-Selects-Sequans-Monarch-Module-to-Power-Its-Asset-Tracking-Solution

OUT...WEAK!

SQNS POST SPIT MINI BEAST

SQNS...$1.09...Closes 200Million Dollar sale ...🥳... https://ih.advfn.com/stock-market/NYSE/sequans-communications-SQNS/stock-news/94633342/form-6-k-report-of-foreign-issuer-rules-13a-16

Sequans Communications Announces Change in Ratio of American Depositary Shares to Ordinary Shares

September 27, 2024 4:05 PM EDT | Source: Sequans Communications

https://www.newsfilecorp.com/release/224835/Sequans-Communications-Announces-Change-in-Ratio-of-American-Depositary-Shares-to-Ordinary-Shares

USA & CHINA
As they jostle for supremacy in semiconductor chips and green technology, America and China have been locked into an increasingly disruptive game of tit-for-tat trade warfare. They have unleashed a panoply of export controls, tariffs, and blacklisting against one another, and their allies, as a Financial Times series has highlighted. The latest salvo comes from Beijing. From September 15, it will impose export controls on antimony, an obscure metal used in armour-piercing ammunition, night-vision goggles and precision optics. It follows curbs implemented last year on shipments of germanium and gallium, which are needed for chips and military communications. China produces about 60 per cent of rare earth elements, and processes close to 90 per cent. Beijing cites “national security” as the reason for its measures, but its command over essential raw materials is ultimately its leverage over Washington in the trade war. America’s muscle comes from blocking exports of advanced semiconductor technologies to China, and hindering Chinese manufacturers’ ability to sell into its market. The cycle of retaliation has buffeted their economies, and set back global growth and innovation. It shows little sign of cooling. That means adapting to the new era of fragmented supply chains is necessary to cushion the economic fallout. For instance, China’s Huawei has worked with domestic chipmaker SMIC to boost cutting-edge chip development. There are also signs that Chinese buyers are finding ways to circumvent US restrictions on advanced processors. The US and its allies have set up initiatives like the Mineral Security Partnership to improve critical resource collaboration. But such forums need to move quickly from dialogue to action. Businesses fear Beijing will keep adding new critical metals to its restrictions, and are concerned that chip production will suffer under higher prices and without the right inputs. Stepping up mining and refining efforts is key. China dominates both, but there are still significant critical metal reserves outside the country to exploit, including in the west. Nyrstar, owned by commodities trading group Trafigura, reckons a zinc smelter facility in Tennessee could meet 80 per cent of annual US demand for gallium and germanium. Higher commodity prices, on the back of Beijing’s controls, should also make extraction more attractive. But western governments need to make it easier for the industry to operate. Price volatility makes extraction risky, and below-cost exports from China are difficult to compete against. Streamlining onerous planning laws and chemical regulations across countries would help, alongside adopting joint environmental standards. Better co-ordination on financial incentives is also warranted. Price insurance and public-private partnerships can help de-risk projects for the rarest metals, while long-term offtake agreements can provide security of demand. Some critical metals can be costly and hard to recycle or to substitute, but supporting strategic research and development remains important, too. For example, gallium can be extracted from coal fly ash, a waste product from coal combustion. Silicon can also be a less-expensive substitute for germanium in certain electronic applications. For decades, governments in the west lapped up cheap raw materials from China, while Beijing invested heavily in mining, refining and exploration. The economic hostility between the US and China is highlighting just how short-sighted it was to build up dependence on a single supplier of essential metals. China’s command of the sector looks unassailable. But if America and its allies want to dilute its leverage in the trade war, a more concerted effort on critical minerals would help.

Just the production of Solid State Diodes is Massive: plus the designing and creating of Solid State Chips, not to mention that they already have Major Contracts from Major Suppliers; 3-dollars looks conservative imo

Roth MKM Maintains Buy on Sequans Communications, Maintains $3 Price Target

Benzinga 08/26/2024 10:18
SQNS
Roth MKM analyst Scott Searle maintains Sequans Communications (NYSE:SQNS) with a Buy and maintains $3 price target.

SQNS...$1.19...for a quick flip...🥳from $1.14...

georgie18

Member Level
Re: None

Friday, August 23, 2024 3:49:44 PM

Post#
1120
of 1120
SQNS...$1.14...Scaling in here...Still bidding the .50 range Open Gap...🥳

SQNS...$1.14...Scaling in here...Still bidding the .50 range Open Gap...🥳

$SQNS Folks took a core position today on the DIP . QualCo (Giant Global company market share $200 Billion) purchasing company. Price target over $6 , folks shorting from the High today will be running cover very soon.
see here, Solid Aquistion.
https://www.newsfilecorp.com/release/220901/Qualcomm-and-Sequans-Reach-Agreement-on-Sale-of-4G-IoT-Technology

1.43 w/ 1.83 hi so far, NEWS looks very good

https://www.newsfilecorp.com/release/220901/Qualcomm-and-Sequans-Reach-Agreement-on-Sale-of-4G-IoT-Technology

unless there is something in the financials that isnt good, should go more
https://www.newsfilecorp.com/release/220900/Sequans-Communications-Preliminary-Second-Quarter-2024-Financial-Results

SQNS...$1.47s clearing here...🥳

SQNS...$1.30 on the dip off $1.80 range...🥳

Pump maxed out at 1.50s

French chip designer Sequans is looking to recover after the failed takeover bid by Renesas Electronics earlier this year.
Sequans is cutting its R&D to recover from the failed takeover bid by Renesas to focus on an IoT Reduced capacity (RedCap) chip.

The takeover bid failed as a result of issue over debt, and the company has frozen debt repayment to Lynrock Lake, Nokomis and Renesas, until August 26.

“We have made significant progress on multiple fronts, beginning with the extension of our standstill agreements with our debt holders until the end of August and the signature of a $15 million licensing agreement for our Monarch2 platform with a new partner,” said Georges Karam, CEO of Sequans.

“Additionally, we are optimizing our R&D expenses by suspending the development of our 5G fixed wireless product to focus on low-power 5G for massive IoT applications, specifically RedCap and eRedCap. Furthermore, we are making progress in discussions for a strategic transaction that would dramatically improve our balance sheet.”

This follows several loss making quarters. Revenue was $6.0 million, an increase of 26.3% compared to the fourth quarter of 2023 but down 49.3% on the first quarter of 2023. The operating loss was $8.5 million compared to operating loss of $12.8 million in the fourth quarter of 2023 and an operating loss of $4.0 million in the first quarter of 2023.

To cut costs, Sequans has suspended the development of its 5G Taurus product for Fixed Wireless Access applications. The shift to RedCap and eRedCap is expected to significantly reduce R&D expenses as part of the Company’s plan to achieve break-even in 2025.

Extending the debt maturities grants the Company additional time to secure a long-term solution and negotiate a strategic transaction that serves the interests of all its stakeholders, says the company.

Sequans announced today a $15m manufacturing licensing agreement for its Monarch2 LTE platform with a leading technology company. The deal includes an initial payment of $15 million, with the opportunity for additional revenue in subsequent years.

The agreement grants the license partner the right to manufacture and market the Monarch 2 chip under their brand name.

Cutting the Taurus project will reduce revenue recognition from the license agreement with Sequans’ Chinese strategic partner by $10m this year, but should be offset by revenue from the Monarch2 manufacturing license agreement.

“We are pleased to enter into this licensing agreement with a leading technology company, which underscores the exceptional value of our Monarch 2 technology for massive IoT cellular applications,” said Karam.

“This partnership not only expands our revenue potential but also creates significant mutual benefit for both organizations and paves the way for future collaborative opportunities. In addition to our product offering, Sequans has a proven track record of generating revenue through licensing agreements, and we intend to enhance and expand this strategy.”

Sequans confirms that it continues to be in active discussions for a long-term strategic transaction that would address its debt maturities and significantly strengthen its balance sheet.

www.sequans.com

https://www.eenewseurope.com/en/sequans-cuts-rd-to-recover-from-failed-takeover-bid/

Sequans Cassiopeia CA410 Module Awarded Industry Certification and Completes Successful Utility Field Testing

https://iotbusinessnews.com/2024/05/20/89100-sequans-cassiopeia-ca410-module-awarded-industry-certification-and-completes-successful-utility-field-testing/

This is the only pure semiconductor company to be had down here and a French national; and as the company stated looking for a possible buyout: AT&T already doing business?

Sequans Explores Strategic Options, Secures Funds

 April 24, 2024 Anne-Françoise Pelé

EE Times Europe sat down with Sequans Communications’ Olivier Pauzet to understand the impact of the MOU termination and discuss projects such as its recent funding under the France 2030 initiative.

https://www.eetimes.eu/sequans-explores-strategic-options-secures-funds/

LTE-M/NB-IoT Cellular IoT Connectivity for Critical Asset Tracking

Author of the article:

Newsfile

Published Apr 23, 2024  •  Last updated 12 hours ago

Paris, France–(Newsfile Corp. – April 23, 2024) – Sequans Communications, S.A. (NYSE: SQNS), leader in 4G/5G cellular IoT chips and modules, announced that Abeeway, a subsidiary of Actility, global leader in LPWAN solutions, has adopted its Monarch 2 GM02S module to provide low power cellular IoT connectivity for a new version of the Abeeway Compact Tracker that now combines LTE-M and NB-IoT connectivity from Sequans with GPS, Wi-Fi Sniffer, Bluetooth and LoRa technologies in a single, highly accurate tracker.

https://www.pembrokeobserver.com/newsfile/206515-abeeway-selects-sequans-low-power-ltemnbiot-cellular-iot-connectivity-for-critical-asset-tracking

Sequans Calliope 2: First Cat 1bis Module Approved by AT&T
Newsfile Corp.

Thu, Apr 18, 2024, 8:00 AM EDT

Approval extends to FirstNet, built with AT&T

Paris, France--(Newsfile Corp. - April 18, 2024) - Sequans Communications, S.A. (NYSE: SQNS), leader in 4G/5G cellular IoT chips and modules, announced that its Calliope 2 Cat 1bis platform, which includes the Calliope 2 chip and the GC02S1 module, has received modular approval for use on the AT&T commercial mobility network and the FirstNet® network.

https://finance.yahoo.com/news/sequans-calliope-2-first-cat-120000737.html

letting it rip,no news,do i smell offering turds

HORRIFIC DUMPING

$SQNS - 👆Up 31% Pre-Market/ Current Price $2.83
A leader in 5G/4G cellular IoT chips and modules
👉To be Acquired by $RNECF Renesas Electronics Corp: designs, developments, manufactures and sells semiconductor products.

Any guesses about which Chinese company this new license agreement is with or in what products this Sequans chip is in? Thanks in advance.

I have shares of this stock and I am watching the chart daily. It will be interesting to see how it acts during the next six months to one year.

Anyone paying attention to this Chart? Anyone?!

Sequans and e-peas Demonstrate Energy Harvesting LTE-M/NB-IoT Connectivity Solution
January 11 2021 - 07:00AM
PR Newswire (US)

Alert

PARIS and MONT-SAINT-GUIBERT, Belgium, Jan. 11, 2021 /PRNewswire/ -- Sequans Communications S.A. (NYSE: SQNS), a leading maker of 5G/4G chips and modules for massive, broadband and critical IoT, and e-peas, supplier of advanced energy harvesting and processing semiconductor solutions, announced the demonstration of a joint solution combining e-peas' AEM energy harvesting IC (integrated circuit) with Sequans' Monarch LTE-M/NB-IoT platform to provide a self-powered cellular IoT connectivity solution, in a very small footprint, that can operate indefinitely without batteries.

"Energy harvesting technology is ushering in a new era where IoT devices will no longer have to run on batteries," said Didier Dutronc, EVP and head of Sequans' massive IoT business unit. "This will have a profound impact on the IoT market and will greatly increase the number and types of applications that can be connected to the IoT, extending it to those applications where direct power connection or manual intervention to change batteries is not possible. In addition to the significant cost and practical advantages of this, this technology also allows for a more sustainable IoT world through elimination of the production and recycling of billions of batteries every year. Energy harvesting offers one of the most exciting visions of the IoT future, and through our partnership with e-peas, a leader in advanced energy harvesting solutions, we aim to bring this vision to reality."

The Sequans/e-peas demonstration shows the e-peas AEM10941 IC transferring energy from a photovoltaic harvester to a storage element and then to Sequans' Monarch LTE-M/NB-IoT module where it powers a sensor device measuring power, light, and humidity. The demo kit is supplied with a small indoor DSC photovoltaic cell that can power many types of IoT applications using indoor light and LTE connectivity. In an outdoor environment, the size of the photovoltaic cell can be reduced to allow for energy-autonomous devices in an even smaller form factor. In a typical application, such as in farming or industry, device sensors collect data (humidity, temperature, air quality) while the lighting environment is loading the capacitor. With the combination of the e-peas AEM10941 IC and Sequans' Monarch module, the collected data can be sent up to 8 times a day, with no need of batteries using a 15 cm2 indoor PV cell under 500 Lux, making the devices completely energy self-sufficient and CO2 neutral.

"We are excited to collaborate with Sequans on this solution combining energy harvesting with IoT connectivity," said Christian Ferrier, chief marketing officer, e-peas. "Not only do we show the viability of energy harvesting technology, but we show how IoT companies can build maintenance-free devices that can operate autonomously, which has a huge positive impact on sustainability, total cost of ownership, and device longevity."

Sequans and e-peas are offering a reference design with schematics for IoT companies, enabling them to design and build their own connected IoT devices using energy harvesting technology.
Sequans is participating in CES 2021, January 11-14, where it will have an online exhibit, including new product information, and the ability to network and set meetings with Sequans' professionals. For more information or to request a meeting please contact us at events@sequans.com

About e-peas
e-peas develops and markets disruptive ultra-low power semiconductor technology. This enables industrial and IoT wireless product designers to substantially extend battery lifespans and eliminate the heavy call-out costs of replacing batteries, without in any way compromising on reliability. Relying on 15 years of research and patented intellectual property, the company's products increase the amount of harvested energy and drastically reduce the energy consumption of all power consuming blocks within wireless sensor nodes. Headquartered in Mont-Saint-Guibert, Belgium, with additional offices in Switzerland, USA and presence in Taiwan, e-peas offers a portfolio of energy harvesting power management interface ICs, microcontrollers and sensor solutions. Visit e-peas online at www.e-peas.com. For sales and support, contact e-peas at this link.

About Sequans
Sequans Communications S.A. (NYSE: SQNS) is a leading developer and provider of 5G and 4G chips and modules for massive, broadband, and critical IoT. For 5G/4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring industry-leading low power consumption, a large set of integrated functionalities, and global deployment capability. For 5G/4G broadband and critical IoT applications, Sequans offers a product portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. Founded in 2003, Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Finland, Israel, Hong Kong, Singapore, Taiwan, South Korea, and China. Visit Sequans online at www.sequans.com.
Forward Looking Statements

View original content:http://www.prnewswire.com/news-releases/sequans-and-e-peas-demonstrate-energy-harvesting-lte-mnb-iot-connectivity-solution-301203379.html
SOURCE Sequans Communications S.A.

Copyright 2021 PR Newswire

Anyone have an idea what may be going on? Some nice movement this week without news.

Just In: $SQNS Sequans Communications Announces Third Quarter 2020 Financial Results

Sequans Communications S.A. (NYSE: SQNS), a leading developer and provider of 5G/4G chips and modules, today announced financial results for the third quarter ended September 30, 2020. Third Quarter 2020 Highlights: Revenue: Revenue was $14.1 million, an increase of 15.5...

Read the whole news SQNS - Sequans Communications Announces Third Quarter 2020 Financial Results

News; $SQNS Renesas and Sequans to Collaborate on 5G/4G Cellular IoT

Renesas Modules Based on Sequans Technology to Become Available Worldwide Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, and Sequans Communications (NYSE: SQNS), a leading provider of 5G/4G chips and modules for IoT, w...

Read the whole news SQNS - Renesas and Sequans to Collaborate on 5G/4G Cellular IoT

So other than the obvious, why do you think this thing is taking such a hit. Hopefully after Labor Day, when the traders return, we will receive a bump.

Next stop $5

Inching it's way to $6

Going to $6 jmo

Bust that $6.90!