What they have is some future potential revenue. Read "potential" as in promises. Nothing set in stone nor contracts. What they do have now is a gapping hole between revenues and expenses. Althought their gross margins are quite good the ramp up from 3 million to 20 million to break even in any quarter looks insurmountable. You really can't buy it here just because the CEO assures the market they have the best technology, tests have been quite well and India is an enormous market. There is a disconnect between that and real, hard cold earnings. The 13 mill they've got could have also been an ultimatum such as 'this is the last money you'll see'.
This is why this is a speculative stock. Potential galore but nothing to show for it yet. Their PR team is awful. They should fight to disclose design wins; Georges should be out making the case. Hard to be patient, but the price and possibilities are tantalizing. But possibilities and potential don't make you $$$. If it breaks under $1.50, watch out!!
Really nothing set in stone or contracts. Again someone who has done no DD at all but likes to post. They have contracts with a ton of device manufacturers. Seowon, Gemtek, Sky brazil, Netcomm, Greenpacket, KDDI, Huawei, NationZ, Sharp, Global Mobile, Ubee interactive and D2 technologies. Lets not forget we are testing with softbank and are working with clearwire and just got approval from verizon. But yes your right its only potential and nothing set in stone. Lets forget that fact that china mobile just stated that many of the devices launching soon will use sequans chips. But again your correct its nothing set in stone.
Like I said, show me the money, these companies thrive on BS and promises. I have seen countless tech companies promise or have "the best tech", only to take forever to get to market and by the time they do their "high tech" is either copied or no longer needed.
Same thing here.