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Sequans Communications S A ( (SQNS) ) has shared an announcement.
On February 11, 2025, Sequans Communications announced its preliminary financial results for the fourth quarter and full year 2024. Despite a net loss of $2.7 million in Q4 2024, the company reported a significant revenue increase of 8.9% from the previous quarter and 130% from the same quarter last year, boosted by product sales growth. The company aims to achieve operating income breakeven by 2026, supported by strong business momentum and increased shipments of Monarch 2 and Calliope 2 in 2025, alongside continued product development and strategic acquisitions.
More about Sequans Communications S A
Sequans Communications S.A. is a prominent developer and provider of semiconductors and IoT modules, focusing on 5G and 4G technology. The company is dedicated to advancing IoT technology and has a strong market presence in cellular technology innovation.
YTD Price Performance: -14.20%
Average Trading Volume: 140,659
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $78.48M
For an in-depth examination of SQNS stock, go to TipRanks’ Stock Analysis page.
