Core Insights - Verizon has been recognized as America's Most Awarded Brand for Network Quality by J.D. Power for an unprecedented 35 consecutive times, highlighting its leadership in the wireless industry [1][2][6] - In the 1H 2025 RootMetrics study, Verizon was named the Best, Most Reliable, and Fastest 5G Network, further solidifying its position in the market [1][2][7] Company Performance - Verizon's ongoing investment in network infrastructure and innovative strategies has allowed it to maintain a high-performing network that serves millions of customers across the U.S. [2][3] - The company emphasizes unmatched reliability and coverage, with its 5G and 4G LTE networks providing extensive coast-to-coast service, reducing dropped calls, and ensuring dependable connectivity [5] Network Quality and Innovation - Verizon's 5G Ultra Wideband service offers high speeds and low latency, reaching over 280 million people with dedicated mmWave and C-band spectrum [5] - The company is committed to powering innovation across critical sectors, including utilities and public safety, by delivering secure, low-latency solutions [5] Customer Satisfaction - Verizon has achieved the highest number of awards in network quality from J.D. Power from 2003 to 2025, reflecting strong customer satisfaction with its network performance [6] - The company’s focus on AI-powered customer experience innovations aims to set new standards for customer expectations in connectivity [3]

Core Viewpoint - Sequans Communications S.A. is set to release its financial results for Q2 2025 on July 31, 2025, and has adopted Bitcoin as its primary treasury reserve asset, indicating a strategic shift in its financial management [1][4]. Company Overview - Sequans Communications S.A. is a publicly listed semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT) [5]. - The company designs and develops technologies that support AI-connected applications across various sectors, including secured payment, smart mobility, smart cities, and e-health [5]. - Sequans offers a comprehensive portfolio of solutions, including integrated circuits, modules, software, and protocol stacks, with platforms designed for IoT that enhance wireless connectivity, power efficiency, and security [5]. Financial Strategy - In June 2025, Sequans adopted Bitcoin as a primary treasury reserve asset, utilizing proceeds from equity and debt financing along with operational cash flows to accumulate Bitcoin as part of its long-term financial strategy [4][6]. - The combination of a strategic Bitcoin reserve and a focus on semiconductor innovation is believed to position Sequans for long-term value creation [6]. Conference Call Details - The conference call to discuss the Q2 2025 results will take place on July 31, 2025, at 8:00 a.m. ET, with participants encouraged to join at least 15 minutes early [2]. - A replay of the conference call will be available on the company's website after 9:00 a.m. ET for those unable to attend live [3].

Core Viewpoint - Sequans Communications is set to participate in a fireside chat to discuss its bitcoin treasury initiative and its semiconductor cellular IoT business on July 16, 2025 [1][2]. Company Overview - Sequans Communications S.A. is a publicly listed company that adopted Bitcoin as a primary treasury reserve asset in June 2025, aiming to strategically accumulate Bitcoin through equity and debt financing along with operational cash flows [3]. - The company specializes in wireless cellular technology for the Internet of Things (IoT), offering a comprehensive portfolio that includes integrated circuits, modules, software, and protocol stacks [4]. - Sequans focuses on delivering advanced solutions such as LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms, which are designed for IoT applications, emphasizing wireless connectivity, power efficiency, security, and performance [4]. Strategic Positioning - The combination of a strategic Bitcoin reserve and a strong emphasis on semiconductor innovation is believed to position Sequans for long-term value creation [5]. - Founded in 2003 and headquartered in France, Sequans operates globally with offices in multiple countries including the United States, United Kingdom, Switzerland, Israel, Hong Kong, Singapore, Finland, Taiwan, and China [5].

Core Insights - Sequans Communications has successfully closed a $384 million strategic investment to launch a Bitcoin treasury initiative, reflecting strong conviction in Bitcoin as a premier asset and long-term investment [1][2][5] Investment Details - The investment consists of $195 million from a PIPE (Private Investment in Public Equity) and $189 million in secured convertible debentures [1][3] - The offering included the sale of 139,444,614 American Depositary Shares (ADSs) at a price of $1.40 per ADS, contributing $195 million to the gross proceeds [3] - The secured convertible debentures amount to $189 million, due July 7, 2028, with a conversion price of $2.10 per ADS [3][4] Use of Proceeds - All net proceeds from the offering will be utilized to purchase Bitcoin and for general corporate purposes related to the Bitcoin treasury strategy [2][5] - If all common warrants are exercised, the company could receive an additional $57.6 million, which will also be used primarily for Bitcoin purchases [4] Strategic Partnerships - Sequans plans to partner with Swan Bitcoin, a leading Bitcoin financial services platform, to ensure secure execution and robust governance of its Bitcoin treasury strategy [5][11] Company Overview - Sequans Communications specializes in 5G/4G IoT semiconductors and modules, focusing on innovative and scalable technologies for connected devices [9]

Core Viewpoint - Sequans Communications is launching a bitcoin treasury initiative with a strategic investment of approximately $384 million, expanding its core semiconductor cellular IoT business [1][3]. Group 1: Investment Details - The company plans to raise approximately $384 million through the issuance of about $195 million in equity securities and $189 million in convertible secured debentures [2][6]. - The offering is expected to close around July 1, 2025, pending shareholder approval on June 30, 2025 [6]. Group 2: Strategic Rationale - The CEO of Sequans expressed strong conviction in bitcoin as a premier asset, believing it will enhance financial resilience and deliver significant value to shareholders [3]. - The company intends to partner with Swan Bitcoin for bitcoin treasury management solutions [3]. Group 3: Commitment to Core Business - Despite the new initiative, Sequans remains focused on advancing its cellular IoT mission, continuing to support customers with a robust 4G and 5G product roadmap [4]. - The company aims to deliver innovative solutions to meet evolving IoT application needs [4]. Group 4: Offering Structure - The offering includes the sale of 1,392,857,140 ordinary shares and common warrants to purchase up to 208,928,460 ordinary shares, with a combined purchase price of $1.40 per ADS and common warrant [5]. - The secured convertible debentures will total $189 million, along with common warrants for an additional 202,499,980 ordinary shares [5]. Group 5: Legal and Advisory - Northland Capital Markets and B. Riley Securities are serving as joint lead placement agents for the offering, with legal counsel provided by Lowenstein Sandler LLP and ARCHERS (AARPI) [7].

Sequans Announces Filing and Availability of 2024 Annual Report on Form 20-FApril 30, 2025 2:08 PM EDT | Source: Sequans CommunicationsParis, France--(Newsfile Corp. - April 30, 2025) - Sequans Communications S.A. (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, announced today that its Annual Report on Form 20-F for the year ended December 31, 2024 has been filed with the Securities and Exchange Commission ("SEC") and is available on the Com ...

Sequans Announces Conference Call to Review First Quarter 2025 ResultsTuesday, May 6, 2025 at 8:00 a.m. ETApril 22, 2025 6:00 AM EDT | Source: Sequans CommunicationsParis, France--(Newsfile Corp. - April 22, 2025) - Sequans Communications S.A. (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, will release its financial results for the first quarter of 2025 on Tuesday, May 6, 2025, during pre-market hours. Following the announcement, Sequans' m ...

Financial Data and Key Metrics Changes - In Q4 2024, net revenues were $1.8 million, contributing to a gross margin of 32.3% [6] - Total operating expenses were $7.9 million, resulting in a net loss of $5 million, a 51% reduction compared to Q4 2023 [6] - For the full year 2024, net revenues decreased by $6.9 million or 43% from $16 million in 2023 to $9.1 million [13] - Cost of net revenues decreased by $5.2 million or 56%, leading to an increase in gross margin to 56% from 42% in 2023 [15] Business Line Data and Key Metrics Changes - The decrease in product sales was primarily driven by a reduction of $5 million in LTE product sales and a decrease of $1.2 million in LTE platform sales as the company transitions to 5G [14] - Research and development expenses increased by $6.6 million or 62% due to increased 5G development activities [16] - Sales and marketing expenses increased by $0.7 million or 23% [17] - General and administrative expenses increased by $3.4 million or 46% [18] Market Data and Key Metrics Changes - The company is transitioning from 4G to 5G, with expectations that 5G chipset sales will significantly impact revenues starting in the second half of 2025 [5][8] - The market for 5G chipsets is expected to be transformative, with higher prices compared to 4G [8] Company Strategy and Development Direction - The company has launched the "2025 GCT Year of 5G Program" to focus on the development and mass production of 5G chipsets [7] - The strategy includes reducing debt and aligning the balance sheet with expected sales ramp [9][20] - The company aims to support existing customers transitioning from 4G to 5G while also launching new products [33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming 5G chipset launch and its potential to transform the company and industry [10][22] - The company is in advanced discussions with potential investors to address near-term capital funding needs [12][21] - Management expects 4G revenues to persist as a steady revenue source through 2025 and 2026 [32] Other Important Information - The company reduced its debt from $79.9 million at the beginning of 2024 to $42.6 million by year-end [20] - Cash and cash equivalents at year-end were $1.4 million, with net accounts receivable of $5.7 million and net inventory of $3 million [19] Q&A Session Summary Question: Clarification on Q4 product revenues and service mix - In Q4, there were no platform sales, with all $660,000 in product revenue coming from 4G LTE chip sales [26] Question: Insights on 5G ramp and partnerships - The partnership with Aramco Digital is expected to contribute more in 2026, while 2025 will focus on existing partners launching products [30] Question: Expectations for 4G revenue persistence - 4G is expected to continue as a steady revenue source, with additional products supporting industrial applications [32] Question: Future cash burn expectations - Cash burn in Q4 was managed tightly, with expectations for similar levels in Q1, potentially increasing in Q2 with 5G chip shipments [37] Question: Adjusted EBITDA breakeven point - The adjusted EBITDA breakeven point remains modeled at around $25 million in sales [39]

Financial Data and Key Metrics Changes - For Q4 2024, the company reported net revenues of $1.8 million, contributing to a gross margin of 32.3% [6] - Total operating expenses were $7.9 million, resulting in a net loss of $5 million, which is a 51% reduction compared to Q4 2023 [6] - For the full year 2024, net revenues decreased by $6.9 million or 43% from $16 million in 2023 to $9.1 million in 2024 [13] - Cost of net revenues decreased by $5.2 million or 56%, leading to an increase in gross margin to 56% for 2024 compared to 42% in 2023 [15] Business Line Data and Key Metrics Changes - The decrease in full-year product sales was primarily driven by a reduction of $5 million in LTE product sales and a decrease of $1.2 million in LTE platform sales as the company transitions to 5G [14] - Research and development expenses increased by $6.6 million or 62% in 2024, primarily due to increased 5G development activities [16] - Sales and marketing expenses increased by $0.7 million or 23% in 2024, attributed to temporary services and personnel-related costs [17] Market Data and Key Metrics Changes - The company is transitioning from 4G to 5G, with expectations that 5G chipset sales will significantly impact revenues starting in the second half of 2025 [5][8] - The company anticipates that the launch of its 5G chipsets will be transformative for both the company and the industry, with higher market prices compared to 4G [8] Company Strategy and Development Direction - The company has introduced the "2025 GCT Year of 5G Program" to focus on the development and mass production of 5G chipsets [7] - The company is reducing debt and extending debt maturities to align with the expected ramp in 5G sales [9][20] - The management emphasizes the importance of the upcoming 5G chipset availability for future growth and profitability [10][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming 5G sales ramp and the potential for profitable growth [7][22] - The company expects 4G revenues to persist through 2025 and 2026, although it will not be a large contributor to growth [32] - Management is in advanced discussions with potential investors to address near-term capital funding needs [12][21] Other Important Information - The company reduced its debt from $79.9 million at the beginning of 2024 to $42.6 million by the end of the year [20] - Cash and cash equivalents at the end of 2024 were reported at $1.4 million, with net accounts receivable of $5.7 million and net inventory of $3 million [19] Q&A Session Summary Question: Clarification on Q4 product revenues and service mix - The CFO clarified that in Q4, there were no platform sales, and all product revenue of $660,000 came from 4G LTE chip sales [26] Question: Insights on 5G ramp and partnerships - Management indicated that while the partnership with Aramco Digital is further out, they expect contributions from existing partners in 2025 [30] Question: Expectations for 4G revenue persistence - Management confirmed that 4G revenues are expected to continue steadily through 2025 and 2026, with additional product launches planned [32][33] Question: Future cash burn expectations - The CFO noted that cash burn in Q1 is expected to remain at similar levels to Q4, with a potential ramp-up in the second half of 2025 [37] Question: Adjusted EBITDA breakeven point - The CFO stated that the adjusted EBITDA breakeven point remains around $25 million in sales, consistent with previous modeling [39]

Core Insights - Sequans Communications S.A. will participate in the 37th Annual Roth Conference from March 16-18, 2025, in Laguna Beach, California, with CEO Georges Karam and CFO Deborah Choate attending [1][2]. Company Overview - Sequans Communications is a leading semiconductor company focused on wireless cellular technology for the Internet of Things (IoT), providing a range of solutions including chips, modules, IP, and services [3]. - The company specializes in LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms, which are optimized for IoT applications, enhancing wireless connectivity, power efficiency, security, and performance [3]. - 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 [3].