Paris, France--(Newsfile Corp. - January 20, 2026) - Sequans Communications S.A. (NYSE: SQNS) a leading provider of 5G/4G cellular IoT semiconductor solutions and a pioneer in Bitcoin treasury, will release its fourth quarter and full year 2025 financial results on Tuesday, February 10, 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, February 10, 20268:00 a.m. ET / 14:00 CETLink Upo ...

Company Overview - Sequans Communications S.A. is a leading fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT) and is a pioneer in Bitcoin Treasury [3][4] - The company designs and develops innovative, secure, and scalable technologies for AI-connected applications, including secured payment, smart mobility, logistics, smart cities, industrial, e-health, and smart homes [3] - Sequans offers a comprehensive portfolio of 4G/5G solutions, including LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms, focusing on breakthroughs in wireless connectivity, power efficiency, security, and performance [3] Recent Developments - Dr. Georges Karam, President and CEO of Sequans, will participate in a fireside chat at the 28th Annual Needham Growth Conference on January 13, 2026, in New York City [1] - The company will also conduct one-on-one meetings with investors throughout the day of the conference [1] Global Presence - 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 [4]

Paris, France--(Newsfile Corp. - December 18, 2025) - Sequans Communications S.A. (NYSE: SQNS) ("Sequans" or the "Company"), a pioneer in Bitcoin treasury and a leading provider of 5G/4G cellular IoT semiconductor solutions, today announced the successful completion of its previously authorized ADS repurchase program and the approval of a new program by its Board of Directors.As of December 17, 2025, Sequans has repurchased a total of 1,516,973 American Depositary Shares ("ADSs"), representing approximatel ...

Core Viewpoint - Sequans Communications has successfully repurchased 755,349 American Depositary Shares (ADSs), representing approximately 5% of outstanding ADSs, as part of its ongoing strategy to enhance shareholder value through disciplined capital allocation [1][2][4] Group 1: ADS Repurchase Program - The repurchases were executed at an average price of $6.40 per ADS, resulting in a current outstanding ADS count of approximately 15.2 million, or 16.3 million including potential pre-funded warrants [2] - The reduction in outstanding ADSs has generated a 4.4% yield in Bitcoin per outstanding ADS since the company's earnings call on November 4, 2025, showcasing the effectiveness of its capital allocation strategy [2][3] Group 2: Funding and Strategy - The ADS repurchases were funded through proceeds from the sale of Bitcoin and operational funds, indicating a strategic approach to enhance Bitcoin per share [3] - The company aims to continue executing share repurchases at prices below net asset value (NAV) per ADS to create additional value for shareholders [3][4] Group 3: Management's Perspective - The CEO of Sequans, Dr. Georges Karam, emphasized that the current digital asset market conditions present an opportunity to strengthen the balance sheet and advance the Bitcoin Treasury strategy [4] - The company remains committed to reducing debt and executing share repurchases to reinforce its growth strategy and deliver value to shareholders [4] Group 4: Company Overview - Sequans Communications is a leading fabless semiconductor company specializing in 4G/5G cellular technology for IoT and is recognized as a pioneer in Bitcoin Treasury [8] - The company views Bitcoin as a long-term investment and plans to accumulate it as its primary treasury reserve asset, utilizing proceeds from equity and debt issuances as well as operational cash flow [8][9]

New York Stock Exchange-listed chipmaker @Sequans has sold 970 Bitcoin to pay off debt just four months after pivoting to a digital asset treasury strategy, the company announced on Tuesday. https://t.co/6VluPzlTIy ...

Bitcoin Holdings - Sequans Communications 出售 970 比特币，用于偿还 9450 万美元可转换债券 [1] - Sequans Communications 的比特币储备减少至 2264 BTC [1] - Sequans Communications 成为首家显著减少比特币持有量的上市比特币储备公司 [1]

Core Insights - Sequans, a chipmaker listed on the New York Stock Exchange, sold 970 Bitcoin to reduce its debt by 50%, from $189 million to $94.5 million, just four months after adopting a digital asset treasury strategy [1][2][3] Company Strategy - The company has reduced its Bitcoin holdings from 3,234 BTC to 2,264 BTC, with the remaining assets valued at approximately $228 million [1] - Sequans' CEO emphasized that the Bitcoin treasury strategy remains unchanged and that the sale was a tactical decision to unlock shareholder value under current market conditions [2][3] Market Context - Sequans' stock price fell by 16.6% following the announcement of the Bitcoin sale [2] - The company aims to strengthen its financial foundation and remove debt covenant constraints, allowing for broader strategic initiatives in developing its treasury with Bitcoin as a long-term reserve asset [3] Industry Trends - Sequans is among over 200 publicly traded companies adopting a similar digital asset treasury approach, inspired by Strategy (formerly MicroStrategy), which has invested around $47.4 billion in Bitcoin [3][4] - Other companies are also purchasing Bitcoin and other cryptocurrencies to enhance their stock prices, although some experts caution about the inherent risks of such investments [5] Performance Metrics - Strategy reported $2.8 billion in profits for its third quarter, but analysts noted a decline in its multiple to Net Asset Value (mNAV), indicating a potential decrease in the premium of its shares relative to its crypto holdings [6]

Financial Data and Key Metrics Changes - Total revenues in Q3 2025 were $4.3 million, a decrease of 47.3% compared to Q2 2025, primarily due to the end of licensing revenues from Qualcomm [19] - Gross margin was 40.9% in Q3, down from 64.4% in Q2, reflecting a lower mix of high-margin licensing revenue [19] - Operating loss was $20.4 million in Q3, compared to an operating loss of $8.7 million in Q2 2025 [20] - Net loss for Q3 was $6.7 million, or $0.48 per diluted ADS, compared to a net loss of $9.1 million, or a loss of $3.59 per diluted ADS in Q2 2025 [21] - Cash and cash equivalents at September 30, 2025, totaled $13.4 million, down from $41.6 million at June 30, 2025 [21] Business Line Data and Key Metrics Changes - The IoT business pipeline remains healthy, representing about $550 million in potential three-year product revenue across 4G and RF product lines [10] - In Q3, the company won six new projects, with around $300 million of the pipeline being design win projects, a 20% increase from the last reported figure [10] - Q3 product revenue was impacted by minor delays, with expectations for Q4 product revenue to exceed $6 million [15] Market Data and Key Metrics Changes - The company holds 3,234 Bitcoin with a market value of $365.6 million, all pledged as security for $189 million of convertible debt issued in July [22] - Following a recent amendment of the debt agreement, 1,617 Bitcoin are being released from the pledge, and the company has sold 970 Bitcoin to reimburse half of the debt [22] Company Strategy and Development Direction - The company is committed to its Bitcoin treasury strategy and has proactively reduced its debt by 50% through a tactical sale of a portion of its Bitcoin holdings [5][6] - The goal is to unlock shareholder value and position the company better for future financing options, including preferred shares [7][9] - The IoT business is expected to grow and generate positive cash flow in 2026, with a potential 50% year-over-year growth into 2027 [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ramp-up of product revenue in Q4, despite challenges faced in Q3 [15][19] - The company aims to limit cash burn in 2026 to reach break-even by Q4, implementing a 20% cost reduction program across functions [18] - Management is exploring strategic alternatives for the IoT business to enhance overall value and cash flow generation [18] Other Important Information - The company is shifting from an opportunistic approach to a proactive go-to-market strategy for its IP portfolio, aiming to maximize customer reach and accelerate monetization [16] - The company has launched a new IP initiative and is in discussions for several licensing deals, with potential revenues from $3 million to $20 million [32] Q&A Session Summary Question: Were there any licensing or service revenues in Q3? - The revenue was about two-thirds product and one-third licensing and services in Q3 [26] Question: How aggressive will the company be on the buyback? - The company plans to be as aggressive as needed, considering the current stock price relative to net asset value [25] Question: What is the expected revenue for Q4? - The company is confident in achieving $7 million in revenue for Q4, based on backlog and secured orders [35] Question: What are the strategic alternatives being considered for the IoT business? - The company is exploring partnerships and other strategic options to enhance the value of its IoT business [18][33] Question: What is the timeline for the preferred shares issuance? - There is no specific timeline for issuing preferred shares, as it depends on negotiations and market conditions [45]

Financial Data and Key Metrics Changes - Total revenues in Q3 2025 were $4.3 million, a decrease of 47.3% compared to Q2 2025 due to the conclusion of licensing revenues from Qualcomm [25] - Gross margin was 40.9% in Q3, down from 64.4% in Q2, reflecting a lower mix of high-margin licensing revenue [25] - Operating loss was $20.4 million in Q3, compared to an operating loss of $8.7 million in Q2 2025 [26] - Net loss for Q3 was $6.7 million or $0.48 per diluted ADS, compared to a net loss of $9.1 million or $3.59 per diluted ADS in Q2 2025 [27] - Cash and cash equivalents at September 30, 2025, totaled $13.4 million, down from $41.6 million at June 30, 2025 [27] Business Line Data and Key Metrics Changes - The IoT business pipeline represents about $550 million in potential revenue over three years, with a 20% increase in design win projects compared to the last reported figure [14] - In Q3, three design win projects transitioned to production, with expectations to add five more in Q4 [15] - The company anticipates entering 2026 with over 45% of design win projects generating revenue [15] Market Data and Key Metrics Changes - The company holds 3,234 Bitcoin with a market value of $365.6 million, all pledged as security for $189 million of convertible debt issued in July [27] - The company has reduced its convertible debt by half through a tactical sale of Bitcoin holdings, lowering the debt to NAV ratio closer to 35% [8][12] Company Strategy and Development Direction - The company is committed to its Bitcoin treasury strategy and has taken proactive steps to reduce debt and enhance flexibility for future financing [6][8] - A disciplined and opportunistic approach to Bitcoin accumulation will continue, with ongoing purchases funded by various means including operating cash flow [11] - The company is exploring strategic alternatives for its IoT business to enhance value and accelerate the path to breakeven [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Q4 revenue exceeding $7 million, with product revenue expected to exceed $6 million and services/IP licensing contributing around $1 million [20] - The company aims to limit cash burn in 2026 to reach breakeven by Q4, implementing a 20% cost reduction program across functions [23] - Management highlighted the importance of the design win pipeline and the potential for significant revenue growth in 2026 and beyond [15][21] Other Important Information - The company has launched a new IP initiative and is shifting to a proactive go-to-market strategy for licensing its IP portfolio [22] - The company plans to execute an ADS buyback program as soon as possible, given the current share price [10][12] Q&A Session Summary Question: Were there any licensing or service revenues in Q3? - The company reported approximately $1.3 million in licensing and services revenue in Q3, with product revenues being the primary focus [37] Question: How aggressive will the company be on the buyback? - The company plans to be as aggressive as needed, with a board resolution in place for the buyback program [34][36] Question: What is the confidence level in achieving $7 million in Q4 revenue? - Management expressed confidence in the $7 million target, citing secured backlog and historical performance of customers [59][61] Question: What are the strategic priorities beyond the ATM program and share buybacks? - The company is considering various strategic initiatives, including generating yield on Bitcoin and exploring partnerships for the IoT business [70][78]

Financial Performance - Revenue for Q3 2025 was $4.3 million, a decrease of 47.3% from Q2 2025 and a decrease of 57.5% from Q3 2024[4] - Gross margin in Q3 2025 was 40.9%, down from 64.4% in Q2 2025 and 82.5% in Q3 2024, reflecting lower high-margin license revenue[5] - Operating loss for Q3 2025 was $20.4 million, compared to a loss of $8.7 million in Q2 2025 and a profit of $87.3 million in Q3 2024[6] - Net loss for Q3 2025 was $6.7 million, or ($0.48) per diluted ADS, compared to a net loss of $9.1 million in Q2 2025 and a profit of $72.6 million in Q3 2024[7] - Non-IFRS net loss for Q3 2025 was $11.0 million, or ($0.79) per diluted ADS, compared to a non-IFRS net loss of $8.1 million in Q2 2025 and a profit of $80.8 million in Q3 2024[8] - Basic loss per ADS for Q3 2025 was ($3.62), compared to earnings of $24.34 per ADS in Q3 2024[28] - For the three months ended September 30, 2025, the IFRS profit (loss) reported was $(6,650) thousand, compared to $(9,112) thousand for the previous quarter and $72,645 thousand for the same period in 2024[35] - The non-IFRS profit (loss) adjusted for the same period was $(11,042) thousand, a decrease from $(8,125) thousand in the previous quarter and a significant drop from $80,837 thousand in the same period last year[35] - The IFRS basic profit (loss) per ADS for the three months ended September 30, 2025, was $(0.48), compared to $(3.59) in the previous quarter and $29.18 in the same period last year[35] - For the nine months ended September 30, 2025, the IFRS profit (loss) reported was $(23,016) thousand, a decline from $60,276 thousand in the same period last year[37] - The non-IFRS profit (loss) adjusted for the nine months ended September 30, 2025, was $(25,163) thousand, compared to $66,282 thousand in the same period last year[37] - The IFRS basic profit (loss) per ADS for the nine months ended September 30, 2025, was $(3.62), down from $24.34 in the same period last year[37] Cash and Assets - Cash and cash equivalents at September 30, 2025, totaled $13.4 million, down from $41.6 million at June 30, 2025[9] - Cash and cash equivalents at the end of Q3 2025 were $13,430,000, up from $9,093,000 at the beginning of the year[33] - Total assets increased to $431,771,000 as of September 30, 2025, from $106,532,000 at the end of 2024[31] - The total equity increased to $225,724,000 as of September 30, 2025, from $55,359,000 at the end of 2024[31] Debt and Financial Strategy - The company held 3,234 Bitcoin valued at $365.6 million as of September 30, 2025, with 1,617 Bitcoin being released from pledge to repay half of the convertible debt[10] - Sequans has reduced half of its debt by leveraging a portion of its Bitcoin holdings, enhancing financial flexibility and supporting a buyback program[3] - The company remains committed to its Bitcoin treasury strategy, which is expected to deliver long-term value for shareholders[3] Research and Development - Research and development expenses for the nine months ended September 30, 2025, were $24,000,000, an increase from $21,005,000 in the same period of 2024[28] Impairment and Non-Cash Expenses - The company incurred an impairment of digital assets amounting to $8,230,000 in Q3 2025[28] - Non-cash stock-based compensation expense for the three months ended September 30, 2025, was $762 thousand, compared to $879 thousand in the previous quarter and $682 thousand in the same period last year[35] - Non-cash impairment of digital assets for the three months ended September 30, 2025, was $8,230 thousand, with no impairment recorded in the previous quarter[35] - Non-cash interest on convertible debt and other financing for the three months ended September 30, 2025, was $7,216 thousand, compared to $108 thousand in the previous quarter[35] Revenue Pipeline - The three-year revenue design win pipeline for the IoT product business increased to $300 million in Q3 2025, with over 45% of related projects expected to enter mass production by 2026[3]