Sequans Communications Reports Q1 2025 Financial Results

Sequans Communications S ( (SQNS) ) has released its Q1 earnings. Here is a breakdown of the information Sequans Communications S presented to its investors.

Sequans Communications S.A. is a prominent semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT), offering innovative solutions such as chips, modules, and services. Based in France, the company has a global presence with offices in multiple countries.

In its preliminary first quarter 2025 financial results, Sequans Communications reported a revenue of $8.1 million, marking a 33.6% increase compared to the same period last year, but a 27.1% decrease from the previous quarter. The company highlighted significant progress in its Monarch 2 and Calliope 2 projects, contributing to a 42% year-over-year growth in product revenue.

Key financial metrics for the quarter included a gross margin of 64.5%, a slight decrease from the previous quarter’s 67.4%. The company reported an operating loss of $6.8 million and a net loss of $7.3 million, reflecting improvements from the previous year’s first quarter but a decline from the last quarter of 2024. Sequans also noted a robust pipeline with a projected $480 million in revenue over the next three years, driven by new product platforms like Monarch 3 and Calliope 3.

Looking ahead, Sequans’ management anticipates second-quarter revenue to range between $8 million and $9 million. The company remains optimistic about accelerating revenue growth in the latter half of 2025 and into 2026, as more projects transition into production, positioning Sequans to deliver strong value to its stakeholders.