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Sequans Communications S A (SQNS)
NYSE:SQNS
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.29Last Year’s EPS
-0.35Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: -19.87%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements, including the Qualcomm deal, increased revenue, and strong financial performance. However, challenges such as a decline in licensing revenue and a Q4 operating loss were noted. The overall sentiment is cautiously optimistic with a focus on future growth and profitability.Company Guidance
During the fourth quarter of 2024, Sequans Communications demonstrated significant resilience and growth, achieving a total revenue of $11 million, marking a 9% sequential increase. A pivotal highlight was the successful $200 million transaction with Qualcomm, which bolstered the company's financial position and doubled its product revenue to $4.7 million from $2.4 million in the prior quarter. The year concluded with an overall revenue increase of 9% to $36.8 million and a substantial improvement in product gross margin to 35.1%. Looking ahead, Sequans forecasts its design win pipeline, valued at approximately $250 million over three years, to drive sustained growth, with expectations of $60 million in average annual revenue from 2025 to 2028. The company projects continued revenue contributions from its expanding $200 million design-in pipeline and anticipates achieving non-IFRS operating income breakeven by 2026.Successful Qualcomm Deal
The completion of a $200 million deal with Qualcomm significantly improved Sequans' financial position, doubled product revenue in Q4 compared to the previous quarter, and validated their technology leadership.
Revenue Growth
Total revenue for 2024 increased by 9% from $33.6 million in 2023 to $36.8 million, with Q4 revenues up 130% to $11 million compared to Q4 2023.
Strong Gross Margin
Gross margin for 2024 was 75.5%, up from 71.8% in 2023, and product gross margin increased to 35.1% from 6.2% in 2023.
Design Win Pipeline
Sequans' design win pipeline represents around $250 million of future revenue, with strong customer commitment in segments like smart metering.
Net Profit Achievement
Achieved a non-IFRS net profit of $77.5 million in 2024, compared to a non-IFRS net loss of $30.6 million in 2023, driven by the Qualcomm transaction.
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SQNS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SQNS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $3.02 | $2.77 | -8.28% |
| Nov 05, 2024 | $2.55 | $2.71 | +6.27% |
| Aug 23, 2024 | $1.36 | $2.88 | +111.76% |
| May 01, 2024 | $1.22 | $1.23 | +0.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sequans Communications S A (SQNS) report earnings?
Sequans Communications S A (SQNS) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Sequans Communications S A (SQNS) earnings time?
Sequans Communications S A (SQNS) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SQNS EPS forecast?
SQNS EPS forecast for the fiscal quarter 2025 (Q1) is -0.29.
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