Core Insights - Sequans Communications reported preliminary financial results for Q3 2025, showing significant declines in revenue and profitability compared to previous quarters and the same quarter last year [1][4][8]. 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 [2][4]. - Gross profit was $1.8 million, with a gross margin of 40.9%, down from 64.4% in Q2 2025 and 82.5% in Q3 2024 [2][6]. - Operating loss 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 [2][7]. - Net loss 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 [2][8]. - Non-IFRS net loss 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 [2][9]. Balance Sheet and Cash Flow - Cash and cash equivalents at September 30, 2025, totaled $13.4 million, down from $41.6 million at June 30, 2025 [10]. - The company held 3,234 Bitcoin valued at $365.6 million, with 1,617 Bitcoin being released from pledge to repay half of the convertible debt [11]. Strategic Initiatives - The CEO emphasized a disciplined approach to managing the balance sheet, reducing debt by leveraging Bitcoin holdings, which has improved financial flexibility and supported a buyback program [3]. - The IoT product business is strengthening, with a three-year revenue design win pipeline increasing to $300 million, and over 45% of related projects expected to enter mass production by 2026 [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 S.A. has filed its Annual Report on Form 20-F for the year ended December 31, 2024, with the SEC, and it is available on the company's website [1][2] Company Overview - Sequans Communications S.A. is a leading semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT) [2] - The company designs and develops innovative, secure, and scalable technologies that power the next generation of connected devices [2] - Sequans offers a wide range of solutions, including chips, modules, IP, and services, with platforms optimized for IoT such as LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap [2] - 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, Hong Kong, Singapore, Finland, Taiwan, and China [2]