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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 ·  2024/11/05 12:07

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Sequans Communications reported Q3 2024 revenue of $10.1M, up 29.5% YoY and 4.2% QoQ. The quarter was highlighted by a $172M strategic deal with Qualcomm, leading to a net profit of $72.3M. Product revenue remained flat at $2.4M while license revenue increased to $7.7M, driven by Taurus 5G licensing.The company significantly strengthened its balance sheet, with cash and equivalents reaching $173.6M at quarter-end. Subsequently, $85M in convertible debt and related party loans were repaid. Operating profit was $87M, including a $152.7M gain from the 4G IP asset sale to Qualcomm, partially offset by a $56.6M impairment of 5G Taurus assets.Management expects approximately 10% sequential growth in Q4 2024, with product revenue projected to double. The company anticipates continued growth into 2025 and targets breakeven in 2026, supported by reduced operating expenses and an enhanced competitive position in the IoT market through its 4G IoT platforms and upcoming 5G RedCap products.
Sequans Communications reported Q3 2024 revenue of $10.1M, up 29.5% YoY and 4.2% QoQ. The quarter was highlighted by a $172M strategic deal with Qualcomm, leading to a net profit of $72.3M. Product revenue remained flat at $2.4M while license revenue increased to $7.7M, driven by Taurus 5G licensing.The company significantly strengthened its balance sheet, with cash and equivalents reaching $173.6M at quarter-end. Subsequently, $85M in convertible debt and related party loans were repaid. Operating profit was $87M, including a $152.7M gain from the 4G IP asset sale to Qualcomm, partially offset by a $56.6M impairment of 5G Taurus assets.Management expects approximately 10% sequential growth in Q4 2024, with product revenue projected to double. The company anticipates continued growth into 2025 and targets breakeven in 2026, supported by reduced operating expenses and an enhanced competitive position in the IoT market through its 4G IoT platforms and upcoming 5G RedCap products.
Sequans Communications报告2024年第三季度营业收入为1010万美金,同比增长29.5%,环比增长4.2%。这一季度的亮点是与高通达成了17200万美金的战略交易,导致净利润为7230万美金。产品收入保持平稳,为240万美金,而许可收入因Taurus 5G授权而增加至770万美金。公司大幅增强了资产负债表,季度末现金及现金等价物达17360万美金。随后,偿还了8500万美金的可转换债务和相关方贷款。营业利润为8700万美金,包括来自向高通出售4G IP资产的15270万美金收益,部分被5660万美金的5G Taurus资产减值抵消。管理层预计2024年第四季度将实现约10%的环比增长,产品收入预计将翻倍。公司预计在2025年将持续增长,并计划在2026年实现盈亏平衡,得益于减少的营业费用和通过其4G物联网平台及即将推出的5G RedCap产品增强的物联网市场竞争力。
Sequans Communications报告2024年第三季度营业收入为1010万美金,同比增长29.5%,环比增长4.2%。这一季度的亮点是与高通达成了17200万美金的战略交易,导致净利润为7230万美金。产品收入保持平稳,为240万美金,而许可收入因Taurus 5G授权而增加至770万美金。公司大幅增强了资产负债表,季度末现金及现金等价物达17360万美金。随后,偿还了8500万美金的可转换债务和相关方贷款。营业利润为8700万美金,包括来自向高通出售4G IP资产的15270万美金收益,部分被5660万美金的5G Taurus资产减值抵消。管理层预计2024年第四季度将实现约10%的环比增长,产品收入预计将翻倍。公司预计在2025年将持续增长,并计划在2026年实现盈亏平衡,得益于减少的营业费用和通过其4G物联网平台及即将推出的5G RedCap产品增强的物联网市场竞争力。
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