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Sequans Communications S A
(NYSE:SQNS)
Sequans Communications S A (SQNS) vs. SPDR S&P 500 ETF (SPY)
Sequans Communications S A Business Overview & Revenue Model
Sequans Communications S A Earnings Call Summary
Sequans Communications S A Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.36M | 36.76M | 33.62M | 60.55M | 50.88M | 50.92M |
| Gross Profit | 25.24M | 27.77M | 24.14M | 42.88M | 27.19M | 23.45M |
| EBITDA | 71.61M | 37.46M | -15.91M | 11.83M | -4.41M | -34.38M |
| Net Income | 53.13M | 57.04M | -40.99M | -9.01M | -20.28M | -54.48M |
Balance Sheet | ||||||
| Total Assets | 88.29M | 105.26M | 109.17M | 98.75M | 89.56M | 87.32M |
| Cash, Cash Equivalents and Short-Term Investments | 41.60M | 62.09M | 5.71M | 5.67M | 4.83M | 7.57M |
| Total Debt | 10.94M | 16.36M | 80.69M | 65.14M | 66.07M | 69.42M |
| Total Liabilities | 46.82M | 50.08M | 115.24M | 96.65M | 113.87M | 124.45M |
| Stockholders Equity | 41.47M | 55.18M | -6.07M | 2.10M | -24.31M | -37.13M |
Cash Flow | ||||||
| Free Cash Flow | -45.23M | -39.26M | -36.83M | -24.50M | -37.38M | -33.16M |
| Operating Cash Flow | -40.28M | -19.37M | -7.26M | -1.84M | -8.76M | -19.39M |
| Investing Cash Flow | 135.56M | 93.69M | -24.44M | -26.05M | -19.37M | -24.76M |
| Financing Cash Flow | -89.61M | -70.79M | 31.74M | 28.71M | 25.38M | 37.62M |
Sequans Communications S A Technical Analysis
Sequans Communications S A Risk Analysis
Sequans Communications S A Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | 54.47M | -2.02 | 271.75% | ― | -44.05% | -2.33% | |
53 Neutral | 99.20M | -6.80 | -37.69% | ― | 6.14% | 1.71% | |
49 Neutral | $24.22M | ― | 415.99% | ― | 32.23% | ― | |
45 Neutral | 66.02M | -1.44 | -53.68% | ― | -61.66% | 26.29% | |
44 Neutral | 56.39M | -0.75 | -362.28% | ― | 0.00% | 0.00% | |
44 Neutral | 89.93M | -2.55 | 20.87% | ― | 28.31% | -239.16% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
Sequans Communications S A Corporate Events
Sequans Communications S.A. recently reported voluntary disclosures of open-market purchases of its American Depositary Shares (ADS) by board members, reflecting confidence in the company’s strategic direction. Notably, on August 5, 2025, and August 25, 2025, board member Zvi Slonimsky purchased a total of 185,000 ADS, while on September 12, 2025, board members Jason Cohenour and Wes Cummins acquired 50,000 and 200,000 ADS, respectively. These actions underscore the board’s support for Sequans’ Bitcoin-focused treasury strategy and its cellular IoT semiconductor business, which is considered a key differentiator in the market.
On September 4, 2025, Sequans Communications announced a change in the ratio of its American Depositary Shares (ADSs) to ordinary shares, effective September 17, 2025. The new ratio of 1 ADS to 100 ordinary shares aims to enhance market appeal and ensure regulatory compliance. This change will result in a reverse split of the ADSs, increasing their trading price and making them more attractive to institutional investors. The adjustment follows a capital increase in July 2025 and is part of Sequans’ strategy to maintain NYSE listing requirements and support its Bitcoin treasury strategy.
On July 31, 2025, Sequans Communications S.A. announced its preliminary financial results for the second quarter ended June 30, 2025. The company reported a revenue of $8.1 million, showing a slight increase from the previous quarter but a decrease compared to the same period last year. The gross margin stood at 64.4%, with an operating loss of $8.7 million. Sequans has launched a Bitcoin Treasury strategy, acquiring 3,072 Bitcoin, which is expected to deliver long-term value for shareholders. The IoT business is reportedly improving, with a target of achieving breakeven operating income by 2026.
Sequans Communications S.A. has announced an update to its Bitcoin treasury strategy, highlighting various risks associated with its Bitcoin holdings. The company acknowledges the volatility of Bitcoin, its lack of inherent returns, and the potential impact on financial results and market price of its American Depositary Shares. Sequans plans to concentrate a significant portion of its assets in Bitcoin, which may limit its ability to diversify risks. The strategy, which has not been tested under different market conditions, exposes the company to counterparty risks and heightened regulatory scrutiny. Additionally, changes in accounting standards could increase the volatility of financial results, affecting the market price of its shares.
On July 7, 2025, Sequans Communications S.A. completed a significant financial transaction involving the issuance of American Depositary Shares and secured convertible debentures, raising approximately $376 million in gross proceeds. The following day, the company announced the successful closing of a $384 million strategic investment to launch a bitcoin treasury initiative, marking a major milestone in its strategic expansion into digital assets. The net proceeds from this offering will be used to purchase bitcoin, reflecting Sequans’ strong conviction in bitcoin as a premier asset and a compelling long-term investment. This initiative is expected to enhance the company’s financial resilience and create long-term value for shareholders.
On July 1, 2025, Sequans Communications announced a strategic shift towards a Bitcoin treasury strategy, which was detailed in an investor presentation. This move involves partnering with Swan Bitcoin and utilizing proceeds from recent equity and debt financings to acquire Bitcoin, aiming to maximize shareholder value. The strategy introduces various risks, including Bitcoin’s price volatility, regulatory uncertainties, and potential liquidity issues, which could impact the company’s financial condition and stock price. This initiative reflects Sequans’ broader strategy to leverage its capital and intellectual property, following the sale of its 4G technology portfolio to Qualcomm in 2024.
On June 30, 2025, Sequans Communications S.A. held a combined ordinary and extraordinary meeting of shareholders where all proposals were approved except for a capital increase reserved for employees. The approved resolutions included financial statements, director appointments, and various authorizations for stock options and capital increases, reflecting the board’s recommendations. This meeting underscores the company’s strategic direction and governance, potentially impacting its operational and financial strategies.
On June 23, 2025, Sequans Communications S.A. announced a strategic move to establish a bitcoin treasury, marking an expansion beyond its core semiconductor cellular IoT business. The company plans to raise approximately $384 million through private placements of equity securities and convertible senior secured notes to fund this initiative. This move reflects Sequans’ belief in bitcoin as a valuable long-term investment and aims to enhance financial resilience and shareholder value. The offering is expected to close around July 1, 2025, pending shareholder approval and customary conditions.
On June 9, 2025, Sequans Communications S.A. received a notice from the New York Stock Exchange (NYSE) for non-compliance with the market capitalization requirement, as their average global market capitalization fell below $50 million over a 30-day period. The company has 90 days to submit a business plan to address this deficiency and intends to regain compliance within a 9-month period. During this time, Sequans’ ADSs will continue to be listed and traded on the NYSE, albeit with a ‘.BC’ designation indicating below compliance status.
On June 22, 2025, Sequans Communications S.A. announced a strategic initiative to establish a bitcoin treasury, marking a significant expansion alongside its core semiconductor cellular IoT business. The company has entered into agreements to issue and sell approximately $195 million in equity securities and $189 million in convertible senior secured notes, totaling $384 million, through private placements. This move reflects Sequans’ confidence in bitcoin as a valuable long-term asset and aims to enhance financial resilience while continuing to support its IoT product roadmap. The offering is expected to close around July 1, 2025, pending shareholder approval and customary closing conditions.