Sequans Communications S A (SQNS) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
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.
For further insights into SQNS stock, check out TipRanks’ Stock Analysis page.
