Sequans Communications (SQNS) Misses Q3 EPS by 6c, Revenues Beat
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Sequans Communications Announces Third Quarter 2020 Financial Results
October 27, 2020 6:00 AM EDTPARIS--(BUSINESS WIRE)-- Sequans Communications S.A. (NYSE: SQNS), a leading developer and provider of 5G/4G chips and modules, today announced financial results for the third quarter ended September 30, 2020.
Third Quarter 2020 Highlights:
Revenue: Revenue was $14.1 million, an increase of 15.5% compared to the second quarter of 2020 and an increase of 116.6% compared to the third quarter of 2019.
Gross margin: Gross margin was 42.0% compared to 48.3% in the second quarter of 2020, and compared to 30.3% in the third quarter of 2019.
Operating loss: Operating loss was $5.9 million compared to... More
