Recap: Sequans Communications Q2 Earnings

Shares of Sequans Communications SQNS fell 0.4% after the company reported Q2 results.

Quarterly Results

Earnings per share were down 250.00% year over year to ($0.28), which missed the estimate of ($0.24).

Revenue of $12,231,000 higher by 50.96% from the same period last year, which beat the estimate of $12,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Sequans Communications hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Jul 28, 2020

Time: 08:00 AM

ET Webcast URL: https://event.webcasts.com/starthere.jsp?ei=1333015&tp_key=020aa86682

Price Action

52-week high: $8.29

Company's 52-week low was at $0.42

Price action over last quarter: Up 5.39%

Company Description

Sequans Communications SA designs, develops and supplies 4G LTE semiconductor solutions for wireless mobile broadband applications with a focus on the single-mode device market. Geographically, it has its business presence across the region of Europe, Middle East, Africa, Asia, and the US. Its solutions incorporate baseband processor and radio frequency, transceiver integrated circuits, along with its proprietary signal processing techniques, algorithms and software stacks. The company's solutions serve as the core wireless broadband communications platform in devices, including smart phone's, USB dongles, portable routers, laptops, netbooks, tablets, and other consumer multimedia and industrial devices, consumer premises equipment, such as residential gateways, and base stations.