¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ¨ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report Commission file number 001-35135 SEQUANS COMMUNICATIONS ...

Financial Data and Key Metrics Changes - The company reported full-year revenue of $50.9 million, a 65% increase compared to 2019, exceeding the target of over 50% year-over-year growth [46][47] - Gross margin improved to 46.1% in 2020 from 40.1% in 2019, with product gross margin rising to 32.4% from 23.9% [48] - The IFRS net loss increased to $54.5 million or $1.94 per diluted ADS compared to $36.7 million or $1.54 per ADS in 2019 [49] Business Line Data and Key Metrics Changes - Massive IoT revenue grew 8% in 2020, impacted by COVID-19 on automotive-related business but offset by stronger demand from ehealth customers [9] - Broadband IoT revenue surged 145%, primarily due to demand for portable routers for distance learning [10] - The vertical category, which includes revenue from a major strategic deal, grew over 50% [10] Market Data and Key Metrics Changes - The company expects its served market to grow above 40% annually through 2025 [7] - Emerging markets revenue doubled in 2020 and is expected to double again in 2021 [33] Company Strategy and Development Direction - The company aims for an average annual growth above the expected market growth rate, targeting 50% CAGR for the 2020-2024 period [8][42] - Focus on expanding Massive IoT and 5G product offerings, with significant design wins and partnerships to drive growth [21][75] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 50% CAGR over the next five years, driven by strong demand in Massive IoT and 5G [70] - The company is facing supply chain challenges but believes these will result in revenue slippage rather than lost business [44][76] Other Important Information - The company ended 2020 with the highest level of orders on hand and expects strong demand to continue [64] - A government grant of approximately $6.7 million was awarded to support strategic technology development [37] Q&A Session Summary Question: Clarification on growth expectations and pipeline - Management confirmed the expectation of 50% CAGR over the next five years and noted that the pipeline has grown since the last analyst event [79][80] Question: Impact of supply constraints on shipments - Management indicated that supply constraints had some impact in Q4 but were integrated into expectations, with more significant challenges anticipated in Q1 [96][97] Question: Milestones in 5G development - Management highlighted that they are on track to reach key milestones in 5G development, with no risky milestones expected in 2021 [103][104]

Sequans Communications S.A. (NYSE:SQNS) Q3 2020 Results Earnings Conference Call October 27, 2020 8:00 AM ET Company Participants Georges Karam - President and Chief Executive Officer Deborah Choate - Chief Financial Officer Conference Call Participants Michael Walkley - Canaccord Genuity Scott Searle - ROTH Capital Craig Ellis - B. Riley Securities Denis Pyatchanin - Needham & Company Operator Welcome to the Sequans Third Quarter 2020 Results Conference Call. At this time, all participants are in a listen- ...

| --- | --- | --- | --- | --- | --- | |--------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Sequans Investor Presentation | | | | | | | October 2020 | | | | | | | Dr. Georges Karam, CEO | | | | | | Safe Harbor This presentation contains projections and other forward-looking statements regarding future events or our future financial performance and potential financing sources. All statemen ...

Sequans Investor Presentation July 2020 Dr. Georges Karam, CEO MKT-FM-015-R05 ©2020 Sequans Communications Safe Harbor This presentation contains projections and other forward-looking statements regarding future events or our future financial performance and potential financing sources. All statements other than present and historical facts and conditions contained in this presentation, including any statements regarding our expected revenue for the third and fourth quarter of 2020, future results of operat ...

Financial Data and Key Metrics Changes - Q2 revenue was $12.2 million, a sequential increase of 39.4% from Q1, primarily driven by a 59% increase in product revenue [53] - Revenue in Q2 increased 54.6% compared to the same quarter a year ago, with expectations for further sequential growth in the final two quarters of the year [54] - Gross margin in Q2 was 48.3%, down from 51.3% in Q1 but up from 37.7% in Q2 of 2019 [54][56] - Operating loss in Q2 was $5.6 million, improved from a loss of $7.8 million in Q1 [56] - Net loss in Q2 was $19 million or $0.70 per diluted ADS, compared to a net loss of $15.3 million in Q1 [56][57] Business Line Data and Key Metrics Changes - Broadband IoT revenue more than doubled sequentially, driven by increased demand for modules for portable routers [15][53] - Massive IoT revenue showed sequential growth, with expectations for continued growth in the second half of the year [34][37] - Vertical and strategic business remains on track for significant increases in 2020, mainly due to revenue recognition from large strategic deals signed last year [44] Market Data and Key Metrics Changes - The demand for broadband solutions is expected to remain high, particularly in emerging markets, with new customers now in production [21][48] - The CBRS market is anticipated to contribute several million dollars to revenue next year, with strong interest from various sectors [25][102] - The global digital divide remains a significant issue, with nearly 50% of the world's population lacking internet access, creating opportunities for broadband solutions [18][20] Company Strategy and Development Direction - The company is focused on expanding its 5G capabilities and partnerships, positioning itself as a leader in the IoT market [30][72] - Continued investment in Massive IoT and Broadband IoT is expected to drive growth, with a target of at least 50% revenue growth for 2020 [48][50] - The company aims to leverage its unique position in the 5G market to capitalize on long-term growth opportunities [51] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing a strong foundation for growth despite ongoing macroeconomic uncertainties [48][72] - The impact of COVID-19 on demand is expected to be offset by increased interest in remote working and learning solutions [12][16] - Supply chain challenges are being managed, with expectations for improvement in component availability [11][76] Other Important Information - The company raised $32.6 million in equity capital to strengthen its balance sheet [7] - Cash flow used in operations during Q2 was $1.4 million, significantly improved from $7.7 million in Q1 [65] - The company is targeting at least 10% sequential revenue growth in Q3 and expects continued growth in Q4 [68] Q&A Session Summary Question: Supply chain issues impacting Verizon Jetpack and Massive IoT business - Management indicated that supply issues are improving, with expectations for better supply in August, but caution remains due to unpredictable demand [76] Question: Growth dynamics in Critical IoT and geographic mix - Management noted that emerging markets are ramping up, contributing positively to growth, with no significant impact on gross margins expected [78][80] Question: Visibility into demand creation with distribution and MCU partners - Management expressed optimism about the demand creation and design win funnels, indicating a positive trend for the second half of the year [81][84] Question: Sequential growth across business lines - Management clarified that growth will primarily come from Broadband and Massive IoT, with vertical and strategic projects not expected to contribute significantly in Q3 [89] Question: Cash position and funding from French and Israeli governments - Management expects the fundraising to support reaching cash flow breakeven, with potential funding amounts of about $6 million from France and $400,000 per quarter from Israel [91][92] Question: Timing of EPS breakeven and cost structure for next year - Management anticipates no significant increase in operating expenses for 2021, with the 5G team fully ramped [96] Question: Growth opportunities in the CBRS market - Management highlighted the potential for new applications in the CBRS market, with expectations for incremental revenue next year [99][101] Question: Impact of supply chain dynamics on outlook for China - Management noted positive dynamics arising from current market conditions, with potential opportunities in China being explored [102]

Sequans Investor Presentation May 2020 Dr. Georges Karam, CEO MKT-FM-015-R05 ©2020 Sequans Communications Safe Harbor This presentation contains projections and other forward-looking statements regarding future events or our future financial performance and potential financing sources. All statements other than present and historical facts and conditions contained in this presentation, including any statements regarding our preliminary results for the first quarter of 2020, expected revenue growth, the timi ...

Sequans Communications S.A. (NYSE:SQNS) Q1 2020 Results Earnings Conference Call April 23, 2020 8:00 AM ET Company Participants Georges Karam - Chief Executive Officer Deborah Choate - Chief Financial Officer Conference Call Participants Raji Gill - Needham & Company Mike Walkey - Canaccord Scott Searle - Roth Capital Tristan Gerra - Baird Operator Welcome to the Sequans First Quarter 2020 Results Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and ...

Financial Data and Key Metrics Changes - The company's total revenue for the full year 2019 was $30.9 million, with massive IoT revenue decreasing compared to 2018, primarily due to delays in the ramp of Cat M and inventory issues with the Cat 1 module partner [52][54] - Gross margin increased to 40.1% in 2019 from 39.5% in 2018, while operating expenses decreased by about 15% to $40.3 million [54] - In Q4 2019, revenue was $9.2 million, a sequential increase of 25.2% from Q3, and a 50.9% increase compared to Q4 2018 [56][58] Business Line Data and Key Metrics Changes - Massive IoT accounted for approximately 42% of total revenue in 2019, down from about 50% in 2018, with expectations for growth in both Cat 1 and Cat M in 2020 [52][54] - The broadband and critical IoT category, along with revenue from vertical markets, experienced slight declines in 2019 but are expected to rebound in 2020 due to new customers and higher services revenue [54] Market Data and Key Metrics Changes - The company is seeing strong traction with Tier 1 metering companies and has established a strong distribution channel with global distributors Avnet and RFPD [22][29] - The CBRS market in the U.S. is expected to provide growth opportunities, with the company launching low-cost Cat 4 and Cat 6 modules optimized for this market [39][42] Company Strategy and Development Direction - The company is focusing on expanding its portfolio for massive IoT and broadband IoT, with ongoing development of new chips for 5G applications [7][45] - A strategic shift towards partnerships with microcontroller vendors is being pursued to address the mass market, aiming to simplify the go-to-market strategy [27][84] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about overcoming previous market ramp delays and is looking forward to capitalizing on growth in the IoT market [8][50] - The company is actively monitoring the potential impact of the coronavirus on its supply chain and customer demand, but remains positive about its operational outlook [64][65] Other Important Information - The company closed two strategic deals in Q4 2019, expected to generate over $40 million in revenue over three years [9][48] - Cash flow from operations in Q4 was $16.9 million, with cash at year-end totaling $14.1 million, reflecting an upfront payment from a strategic deal [62] Q&A Session Summary Question: Can you provide color on the change in go-to-market strategy and microcontroller partnerships? - The company is focusing on Tier 1 customers and simplifying the go-to-market strategy through partnerships with distributors like Avnet, which are integrating Sequans technology into end-to-end solutions [77][80] Question: How should we think about product revenue into Q1? - The company expects to see a recovery in Cat 1 shipments and some broadband revenue, with a positive outlook for sequential growth in product revenue [92][93] Question: Can you discuss the timing of Cat M opportunities and the MCU front? - Training with distributors is ongoing, and while some products may ramp quickly, new customer acquisition through distributors may take longer [99][101] Question: How does CBRS factor into the numbers and the competitive landscape? - The company is investing in low-cost CBRS modules and has a significant market share among CBRS players, with expectations for module revenue growth [104][106] Question: Can you clarify the focus on 5G and upcoming announcements? - The company remains focused on fixed residential and industrial applications for 5G, with plans for announcements at Mobile World Congress [114][116] Question: Can you discuss gross margin expectations? - The company aims for a gross margin of about 45% over the course of 2020, with potential for improvement as the business shifts to a more chip-based model [120]

Sequans Communications SA (NYSE:SQNS) Q3 2019 Results Earnings Conference Call November 6, 2019 8:00 AM ET Company Participants Georges Karam - CEO Deborah Choate - CFO Conference Call Participants Raji Gill - Needham & Company Mike Walkley - Canaccord Genuity Scott Searle - Roth Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to the Sequans Third Quarter 2019 Results Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct the question-andan ...