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Sequans Communications S.A. (SQNS)

NYSE - Nasdaq Real Time Price. Currency in USD
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3.0100+0.0800 (+2.73%)
At close: 04:00PM EDT
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  • n
    night
  • G
    Gary M
    Might have turned the corner with this ER but when you are at new 52 week lows it's not exactly a stellar performance.
  • J
    JeffMN
    Last CC, GK: "We began 2022 with a record backlog of non-cancellable orders. Our business pipeline exceeds $650 million of product revenue, representing the three-year lifetime, of which $310 million are design wins."

    Last year they did $51M revs for the year.

    I don't know but does this mean anything?
  • Y
    Yahoo Finance Insights
    Sequans Communications reached a 52 Week low at 2.41
  • R
    Rick
    SQNS accomplishments:
    2015 around 50M shares 2020 around 100M shares after all the offerings to finance its salaries
    2020 Reverse split 4:1 around 25M shares, now in 2 yrs we doubled to around 50M shares from all the offerings

    How does this company get away with this thievery?

    The only way for them to survive is to get money from stock offerings.

    And they still have managed to lose about $6M PER QUARTER for the last 6 yrs
  • R
    Rick
    And it's amazing how all these stock offerings (at least 8 over the last 7 yrs) the investors who get the low price make money before the sp tanks again.
    HMMMMMMMMMMMMM
    Amazing, luck or ?
    I know long term shareholders have lost big time whilst the stock offeree's make money.
    Am I missing something here??
    Win for the investors getting the deals from offerings and win for paying salaries for K
    BIG LOSS FOR BAGHOLDERS
  • s
    scott
    If I remember right this always rebounded off .60 cents. If this doesn’t hold here it will get interesting.
  • R
    Rick
    The biggest question that stays with me is the fact that they spent on average over $6M per qtr on R&D
    That comes out to over $140M spent on R&D and here we are still stuck with losing about $5-$7M per qtr.

    I think they should have went to business school with some of that money.
  • R
    Rick
    So basically this thing is trading at $1.12 5 yrs after it hit $4.50 in May of 2017
    Nice investment huh?
    This company is all smoke and mirrors, they pay their people (and themselves) money they get from periodic stock offerings.
    I can see this going to 100M shares again then another RS.
    This company will NEVER make money
  • Y
    Yahoo Finance Insights
    Sequans Communications is up 7.41% to 2.90
  • G
    Gary M
    Wow, these losers are at it again. Imagine how desperate you must be to be issuing new ADS when the stock is already making sequential new 52 week lows. Does not say much for their Q1 expectations.
  • s
    scott
    Down to around .86 cents. Good job George
  • G
    Gary M
    Sequans is the ultimate tease. The future is always so bright, new opportunities, design wins, strategic relationships yada yada, but never any worthwhile revenue. Will this ever turnaround or just limp along from one cash infusion to the next.

    I think the strategic relationship is around embedding LTE-M functionality into someone else's chip. So maybe you'll get a chip with WiFi, BT and LTE-M for $5. Sequans would get upfront cash and an ongoing royalty. Could be a good business if I'm right.

    I say this because of an e-Mail exchange with Claudia a few months back when I enquired about the perennially missing Monarch SX. This is part of her response.

    "As you know, Monarch SX is optimized for wearables and, in general, this market is developing at a somewhat different pace than the markets for trackers, metering etc. Since the certification process is quite expensive with each carrier, we need to set priorities and allocate resources accordingly and currently, we see a significant opportunity to extend our reach by partnering with MCU companies like ST, announced recently, so that's getting quite a lot of our attention."
  • S
    SaxoTrader
    Not the whole market has heard of upcoming 5G trends! Retail investors have not reoriented their investments in this sector. Quantum funds that are proactively ahead of time create a new cluster of investment groups, by mid-2020 I expect a significant increase in investment in this technology sector.
    Bullish
  • Y
    Yahoo Finance Insights
    Sequans Communications is down 8.41% to 3.02
  • D
    David
    Two strategic deals concluded in the 4th quarter of 2019, + the expected third deal in the first quarter of 2020, also the rapidly growing revenues that are reflected in the IFRS, this is what ambitious institutional investors and hedge funds need!
    Strong medium-term views of company management. Interesting reading to rethink DD
    https://seekingalpha.com/article/4323137-sequans-communications-s-sqns-ceo-georges-karam-on-q4-2019-results-earnings-call-transcript?utm_medium=email&utm_source=seeking_alpha&mail_subject=sqns-sequans-communications-s-a-sqns-ceo-georges-karam-on-q4-2019-results-earnings-call-transcript&utm_campaign=rta-stock-article&utm_content=link-0
    Sequans Communications S.A. (NYSE:SQNS) Q4 2019 Earnings Conference Call February 11, 2020 08:00 AM ET Company Participants Georges Karam - Chief Executive Offi
    Sequans Communications S.A. (NYSE:SQNS) Q4 2019 Earnings Conference Call February 11, 2020 08:00 AM ET Company Participants Georges Karam - Chief Executive Offi
    seekingalpha.com
    Bullish
  • Y
    Yahoo Finance Insights
    Sequans Communications is up 7.08% to 2.57
  • R
    Rick
    This is all this company does is issue shares to survive.
    What a joke. It went from 60 million shares back in 2017 to 100 million in 2020
    Then it had a reverse split 4:1 bringing it to 25 million
    Now were heading back up to 100 million again.
    This company should be sued to oblivion and taken out of business
  • G
    Gary M
    SQNS Annual Report
    https://www.sec.gov/Archives/edgar/data/1383395/000138339519000028/sequanscommunications-form.htm

    A few interesting snippets.
    The broadband business has suffered from our decision to focus our development efforts on the IoT business rather than on a second generation Cat 6 product offering. Total IoT product revenue grew 92% from $9.1 million in 2017 to $17.8 million in 2018 and accounted for approximately 61% of total product revenue. Total broadband product revenue decreased 60% from $27.6 million in 2017 to $11.1 million in 2018.

    The broadband business has suffered from our decision to focus our development efforts on the IoT business rather than on a second generation Cat 6 product offering. (Did anyone notice he slipped this in during the last conference call like we were all supposed to already know this).

    Based on our current plans and after giving effect to our sale of warrants to a new strategic investor in February 2019, we currently believe that our available capital resources will be adequate to satisfy our cash requirements at least for 12 months from the date of this annual report. If our plans change, or if we do not achieve profits or if our profitability is significantly lower than anticipated, we may need additional financing.

    Top Shareholders
    Bpifrance Participations(1) 12,085,561 12.7%
    Nokomis Capital, L.L.C.(2) 9,609,513 9.9%
    AWM Investment Co. Participations(3) 9,214,784 9.7%
    Divisar Partners QP, L.P.(4) 7,170,592 7.6%
    Dr. Georges Karam(5) 4,414,992 4.6%
    Total of 44.5%

    Total IoT product revenue grew 92% from $9.1 million in 2017 to $17.8 million in 2018 and accounted for approximately 61% of total product revenue. Total broadband product revenue decreased 60% from $27.6 million in 2017 to $11.1 million in 2018.

    We expect strong IoT growth in 2019, supported by continued shipment of Cat 1 products in both U.S. and Japan and the ramp of Cat M particularly during the second half of 2019. We believe that the broadband business will remain stable or decline slightly in the short-term, but could be a source of growth longer term, as new design wins are launched by our customers and as we evolve our products toward 5G technology.

    ATM Electronic, a distributor serving multiple end customers in China and Taiwan, accounted for 16% and 32% of our revenue in 2017 and 2018.
  • G
    Gary M
    For a company that was supposed to have 20 LTE-M devices on the market by the end of the second quarter they sure have managed to keep things quiet. Their last PR on a new Monarch power mass market device was back on Feb 15(Neebo baby monitor). Where are all of these new devices? I keep an eye on FCC filings and look for products that might contain Monarch but I mostly find Qualcomm based modules. Now we are into the 2nd half of the year the pace of new Monarch powered devices should be about 1 a week (30 in the next 26 weeks).

    Not a good sign but Q1 units of Monarch were less than 100K so it should not be too hard increase revenue on that front.
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