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Sequans Communications | 6-K: Report of foreign private issuer (related to financial reporting)

Sequans Communications | 6-K: Report of foreign private issuer (related to financial reporting)

Sequans Communications | 6-K:外国发行人报告(业绩相关)
美股SEC公告 ·  2024/08/23 06:11

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Sequans Communications announced a $200 million agreement to sell its 4G IoT technology to Qualcomm while retaining perpetual license rights for ongoing use and development. Under the deal, Sequans will receive $185 million in cash, with $175 million at closing and $10 million after a one-year warranty period. The remaining $15 million was paid under a June 2024 manufacturing license agreement.Q2 2024 revenue reached $9.7 million, up 5.4% YoY and 60.5% QoQ, with license and services revenue accounting for 75%. Gross margin improved to 84.0% from 63.9% in Q1. Operating loss narrowed to $3.7 million from $8.5 million in Q1, while net loss decreased to $0.9 million from $11.8 million.The company expects modest product revenue growth in Q3 with stronger performance in Q4 2024. The transaction with Qualcomm, expected to close by October 2024 subject to French regulatory approval, allows Sequans to retain full ownership of 5G intellectual property while maintaining its existing product portfolio and customer relationships.
Sequans Communications announced a $200 million agreement to sell its 4G IoT technology to Qualcomm while retaining perpetual license rights for ongoing use and development. Under the deal, Sequans will receive $185 million in cash, with $175 million at closing and $10 million after a one-year warranty period. The remaining $15 million was paid under a June 2024 manufacturing license agreement.Q2 2024 revenue reached $9.7 million, up 5.4% YoY and 60.5% QoQ, with license and services revenue accounting for 75%. Gross margin improved to 84.0% from 63.9% in Q1. Operating loss narrowed to $3.7 million from $8.5 million in Q1, while net loss decreased to $0.9 million from $11.8 million.The company expects modest product revenue growth in Q3 with stronger performance in Q4 2024. The transaction with Qualcomm, expected to close by October 2024 subject to French regulatory approval, allows Sequans to retain full ownership of 5G intellectual property while maintaining its existing product portfolio and customer relationships.
Sequans Communications宣布与高通达成20000万美元的协议,出售其4G物联网技术,同时保留持续使用和开发的永久许可权。在该交易中,Sequans将收到18500万美元现金,交易结束时支付17500万美元,1年保修期后支付1000万美元。剩余的1500万美元将根据2024年6月的制造许可协议支付。2024年第二季度营业收入达到970万美元,同比增长5.4%,环比增长60.5%,其中许可和服务收入占75%。毛利率从第一季度的63.9%提高到84.0%。营业亏损从第一季度的850万美元缩小至370万美元,净亏损从1180万美元减少至90万美元。公司预计第三季度产品收入将小幅增长,第四季度将表现更强劲。与高通的交易预计在2024年10月结束,需经过法国监管机构的批准,这使得Sequans能够保留5G知识产权的完全所有权,同时维持其现有的产品组合和客户关系。
Sequans Communications宣布与高通达成20000万美元的协议,出售其4G物联网技术,同时保留持续使用和开发的永久许可权。在该交易中,Sequans将收到18500万美元现金,交易结束时支付17500万美元,1年保修期后支付1000万美元。剩余的1500万美元将根据2024年6月的制造许可协议支付。2024年第二季度营业收入达到970万美元,同比增长5.4%,环比增长60.5%,其中许可和服务收入占75%。毛利率从第一季度的63.9%提高到84.0%。营业亏损从第一季度的850万美元缩小至370万美元,净亏损从1180万美元减少至90万美元。公司预计第三季度产品收入将小幅增长,第四季度将表现更强劲。与高通的交易预计在2024年10月结束,需经过法国监管机构的批准,这使得Sequans能够保留5G知识产权的完全所有权,同时维持其现有的产品组合和客户关系。
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