The earnings call highlighted significant growth in revenue and key product lines, such as Monarch 2 and Calliope 2, as well as a strong design-win pipeline. However, these achievements were offset by sequential revenue decline, a decrease in product gross margin, and a notable net loss. Despite the challenges, the company is managing costs effectively and is optimistic about future growth.

Company Guidance

During the Sequans Communications First Quarter 2025 Financial Results Conference call, the company provided guidance indicating a positive revenue trajectory and strategic initiatives for growth. They reported first-quarter revenue of $8.1 million, a 34% increase year-over-year, with product revenue accounting for $3.5 million of this total, marking a 42% rise from the previous year. Sequans highlighted the continued rollout of their Monarch 2 process as a key driver of this growth and noted the expansion of their design-win pipeline, now reaching approximately $480 million in potential revenue, with $250 million already in the design-win phase. They emphasized their focus on transitioning design-win projects into production, with expectations for 30 projects to generate revenue by the end of 2025, up from the current 18. Sequans also projected an operational break-even target by 2026, aiming to manage cash operating expenses below $10 million per quarter and reducing their cash burn rate to below $5 million by the end of 2025. Additionally, they anticipate second-quarter 2025 revenue in the range of $8 million to $9 million and expect significant contributions from their next-generation chips by late 2027.

Revenue Growth and Exceeding Guidance

First quarter revenue of $8.1 million, slightly above the high end of guidance, with a 34% increase from $6.1 million in Q1 2024.

Product Revenue Increase

Product revenue reached $3.5 million, marking a 42% increase from the first quarter of 2024.

Monarch 2 and Calliope 2 Progress

Monarch 2 and Calliope 2 are key drivers of growth, with several metering projects entering the pilot rollout phase and preparation for product launches in the second half of 2025.

5G RedCap and eRedCap Roadmap

The acquisition of ACP accelerated the 5G eRedCap roadmap by 18 months, positioning Sequans as a leader in next-generation 5G IoT.

Strong Design-Win Pipeline

Total pipeline reaching approximately $480 million, with $250 million already in the design-win phase.

Cost Management and Cash Position

Operating expenses reduced to $11 million in Q1 2025, with cash and short-term deposits at $45.9 million.

Sequans Communications S A (SQNS) Earnings, Revenues Date & History

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SQNS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	-0.18 / -	2.91	―	―	―
Jul 07, 2025	2025 (Q2)	-0.27 / -0.30	-0.23	-30.43% (-0.07)	―	―
May 06, 2025	2025 (Q1)	-0.24 / -0.24	-0.35	31.43% (+0.11)	―
Feb 11, 2025	2024 (Q4)	-0.07 / -0.08	-0.575	86.09% (+0.49)	―
Nov 05, 2024	2024 (Q3)	-0.38 / 2.91	―	―	―
Aug 23, 2024	2024 (Q2)	-0.28 / -0.23	-0.275	16.36% (+0.05)	―
May 01, 2024	2024 (Q1)	-0.15 / -	―	―	―	―
Mar 07, 2024	2023 (Q4)	-0.38 / -0.57	-0.15	-283.33% (-0.42)	―
Nov 02, 2023	2023 (Q3)	-0.25 / -0.12	0.025	-580.00% (-0.14)	―	―
Aug 07, 2023	2023 (Q2)	-0.28 / -0.28	-0.05	-450.00% (-0.23)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SQNS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 07, 2025	$1.43	$1.43	0.00%
May 06, 2025	$1.90	$1.46	-23.16%
Feb 11, 2025	$3.02	$2.77	-8.28%
Nov 05, 2024	$2.55	$2.71	+6.27%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.