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Why Sequans Stock Slumped Today

·2 min read
Why Sequans Stock Slumped Today
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This morning, Sequans reported its fiscal first-quarter 2021 earnings -- or more precisely, its Q1 2021 losses. Instead of the $13.8 million in sales that analysts had projected, Sequans collected only $12.3 million, and instead of the $0.21 per American depositary share (ADS) that analysts predicted, Sequans lost $0.33 per ADS. Sequans' sales climbed 40% year over year despite the miss but were down 22% sequentially, suggesting that growth may be stalling.