Core Points - Sequans Communications S.A. will participate in the 27th Annual Needham Growth Conference from January 14 to 16, 2025, in New York City [2] - The company's President and CEO, Georges Karam, and CFO, Deborah Choate, will be present at the conference [2] - Sequans will conduct one-on-one meetings and host a presentation on January 14, starting at 8:45 a.m. ET [3] Company Overview - Sequans Communications specializes in 4G and 5G semiconductors and modules for the Internet of Things (IoT) [5] - The company offers a range of solutions including chips, modules, IP, and services, focusing on LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms [5] - Established in 2003 and headquartered in France, Sequans has a global presence with offices in multiple countries including the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, and China [5]

Financial Performance - Revenue for Q3 2024 was $10.1 million, a 4.2% increase from Q2 2024 and a 29.5% increase from Q3 2023[3]. - Gross profit for Q3 2024 was $8.3 million, with a gross margin of 82.5%, down from 84.0% in Q2 2024 and 85.8% in Q3 2023[3][7]. - Operating profit for Q3 2024 was $87.0 million, compared to losses of $3.7 million in Q2 2024 and $7.8 million in Q3 2023, driven by a net gain on the sale of 4G IP assets to Qualcomm[8]. - Net profit for Q3 2024 was $72.3 million, or $2.61 per diluted ADS, compared to a net loss of $0.9 million in Q2 2024 and $9.6 million in Q3 2023[9]. - Product revenue for Q3 2024 was $2.4 million, flat compared to Q2 2024 but up 144.5% from Q3 2023[6]. - Non-IFRS net profit for Q3 2024 was $80.5 million, or $2.91 per diluted ADS, compared to non-IFRS net losses in the previous quarters[10]. - Total revenue for the nine months ended September 30, 2024, was $25,782,000, a decrease of 10.7% compared to $28,843,000 in 2023[23]. - Product revenue increased to $7,260,000 in 2024 from $4,089,000 in 2023, representing a growth of 77.5%[23]. - Operating profit for the nine months ended September 30, 2024, was $74,728,000, compared to a loss of $17,225,000 in 2023[23]. - The company reported a profit of $59,578,000 for the nine months ended September 30, 2024, compared to a loss of $23,710,000 in 2023[23]. - The basic income per ADS for the nine months ended September 30, 2024, was $2.41, compared to a loss of $1.08 in 2023[23]. - The company reported a net cash flow from operating activities of $8,451,000 for the nine months ended September 30, 2024, compared to a cash outflow of $4,403,000 in 2023[26]. - Non-IFRS adjusted gain for the three months ended September 30, 2024, was $80,471,000, compared to a loss of $6,773,000 in the same period of 2023[28]. - For the nine months ended September 30, 2024, the net IFRS gain reported was $59,578, compared to a loss of $23,710 in 2023[30]. - The non-IFRS adjusted gain for the same period was $65,916, improving from a loss of $16,884 in 2023[30]. - The IFRS basic gain per ADS for 2024 was $2.41, while in 2023 it was a loss of $1.08[30]. - The non-IFRS basic gain per ADS increased to $2.66 in 2024 from a loss of $0.77 in 2023[30]. - The IFRS diluted gain per ADS was $2.15 in 2024, compared to a loss of $1.08 in 2023[30]. Cash and Assets - Cash and cash equivalents at September 30, 2024, totaled $173.6 million, significantly up from $13.1 million at June 30, 2024[11]. - Cash and cash equivalents increased significantly to $173,583,000 as of September 30, 2024, from $5,705,000 at the end of 2023[25]. - Total assets rose to $222,119,000 as of September 30, 2024, compared to $109,172,000 at the end of 2023, marking a growth of 103.5%[25]. Expenses and Future Plans - The company incurred a research and development expense of $21,005,000 for the nine months ended September 30, 2024, up from $19,808,000 in 2023[23]. - Research and development costs were $494,000 in 2024, down from $1,439,000 in 2023[30]. - General and administrative expenses decreased to $2,053,000 in 2024 from $2,693,000 in 2023[30]. - The company plans to decrease operating expenses in 2025 and aims to reach breakeven in 2026[3]. Strategic Partnerships - The strategic deal with Qualcomm has strengthened the company's balance sheet and is expected to drive future growth in the IoT market[3]. - The company noted that final results are subject to the finalization of the allocation of the Qualcomm deal transaction proceeds[30]. Other Information - Management anticipates approximately 10% sequential growth in Q4 2024, with product revenue expected to double from Q3 2024[4]. - The change in ADS to ordinary share ratio will be effective from October 9, 2024[30].

Sequans Communications Preliminary Third Quarter 2024 Financial Results$172 million Strategic Deal Proceeds Received on September 30, 2024; $85 Million of Debt Repaid Subsequent to Quarter EndNovember 05, 2024 6:00 AM EST | Source: Sequans CommunicationsParis, France--(Newsfile Corp. - November 5, 2024) - Sequans Communications S.A. (NYSE: SQNS) ("Sequans" or the "Company"), a leading developer and provider of 5G/4G semiconductors and IoT modules, today announced preliminary financial results ...

. . Sequans to Participate in 13th Annual ROTH Technology Conference on November 20th October 30, 2024 8:00 AM EDT | Source: Sequans Communications Paris, France--(Newsfile Corp. - October 30, 2024) - Sequans Communications S.A. (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, today announced that Georges Karam, President and CEO, and Deborah Choate, CFO, will participate in the 13th Annual Roth Technology Conference being held November 19 - 20, 2024, at t ...

Company Overview - Sequans Communications S.A. is a leading provider of 4G and 5G semiconductors and modules specifically designed for the Internet of Things (IoT) [3] - The company specializes in wireless cellular technology, offering a range of solutions including chips, modules, IP, and services [3] - Established in 2003, Sequans is headquartered in France and has a global presence with offices in multiple countries including the United States, United Kingdom, Israel, and China [3] Upcoming Financial Results - Sequans will release its financial results for the third quarter of 2024 on November 5, 2024, during pre-market hours [2] - Following the announcement, a conference call will be hosted by Sequans' management at 8:00 a.m. ET [2] - The conference call will be accessible via a toll-free number in the U.S. and an international dial-in option [2]

● . ● | --- | --- | |------------|-------| | | | | Thermostat | | October 08, 2024 8:00 AM EDT | Source: Sequans Communications Paris, France--(Newsfile Corp. - October 8, 2024) - Sequans Communications S.A. (NYSE: SQNS), a leading 4G/5G IoT semiconductor company, announces today that Building36, an Alarm.com company and innovator in smart home solutions, has selected Sequans Monarch® 2 GM02S module to connect its latest thermostat, the Smart Thermostat HQ. The new Smart Thermostat HQ, equipped with Sequans ...

● . ● Sequans Reaffirms Commitment to Massive IoT Market The Recent Qualcomm Transaction Boosts Sequans' Capacity to Serve Customers and Further Develop its Massive IoT Roadmap October 01, 2024 8:00 AM EDT | Source: Sequans Communications Paris, France--(Newsfile Corp. - October 1, 2024) - Sequans Communications S.A. (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, announced today that, following the closing of its transaction with Qualcomm Technologies, I ...

● ● ● Qualcomm and Sequans Complete Sale of 4G IoT Technology September 30, 2024 8:00 AM EDT | Source: Sequans Communications San Diego, California and Paris, France--(Newsfile Corp. - September 30, 2024) - Qualcomm Incorporated, a global leader in high-performance at low-power solutions, through its subsidiary, Qualcomm Technologies, Inc. ("Qualcomm"), and Sequans Communications S.A. (NYSE: SQNS), a supplier of 4G and 5G semiconductor solutions for the Internet of Things (IoT), today announced that they ha ...

. ● Sequans Communications Announces Change in Ratio of American Depositary Shares to Ordinary Shares September 27, 2024 4:05 PM EDT | Source: Sequans Communications Paris, France--(Newsfile Corp. - September 27, 2024) - Sequans Communications S.A. (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, today announced that its Board of Directors has approved a change in the number of its ordinary shares represented by American Depositary Shares, issued by the Ba ...

Sequans Comunications S.A. (NYSE:SQNS) Q2 2024 Earnings Conference Call August 23, 2024 8:00 AM ET Company Participants Kim Rogers - Hayden, Investor Relations Georges Karam - Chairman and Chief Executive Officer Conference Call Participants Scott Searle - ROTH Capital Partners Operator Welcome to the Sequans Conference Call to discuss the company's agreement to sell its 4G IoT technology to Qualcomm, and the preliminary second quarter 2024 financial results. [Operator Instructions] As a reminder, this conf ...