Debt Reduction Through Bitcoin Treasury Strategy
Sequans reduced its convertible debt by 50% through a strategic sale of Bitcoin holdings, lowering the debt-to-NAV ratio to approximately 35%.
IoT Business Pipeline Growth
The IoT business pipeline is healthy, with around $300 million in design win projects, reflecting a 20% increase compared to the last reported figure.
5G IoT Project Milestone
Sequans successfully taped out its 5G eRedCap test chip, marking a significant milestone in its 5G IoT project.
Q4 Revenue Expectations
The company expects Q4 product revenue to exceed $6 million, with a total revenue target above $7 million.