Sequans Communications S A (SQNS) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
