Sequans Communications S A (SQNS) has released an update.
Sequans Communications S.A. reports advancements on key business initiatives, including a $15 million licensing deal for its Monarch2 platform and a shift in focus to low-power 5G for IoT applications. The company also extended its debt standstill agreements and is actively negotiating a strategic transaction to improve its balance sheet. Despite a notable year-over-year revenue decline, the recent initiatives are aimed at achieving financial break-even by 2025.
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