COLOMBES, France (AP) _ Sequans Communications SA (SQNS) on Thursday reported a loss of $9 million in its first quarter.
On a per-share basis, the Colombes, France-based company said it had a loss of 10 cents. Losses, adjusted for non-recurring costs and stock option expense, were 8 cents per share.
The chip company posted revenue of $7 million in the period.
The company's shares closed at $1.15. A year ago, they were trading at $1.65.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SQNS at https://www.zacks.com/ap/SQNS