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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:外國發行人報告(業績相關)
美股SEC公告 ·  2024/08/23 18:11

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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宣佈與高通達成一項價值20000萬美元的協議,以出售其4G物聯網技術,同時保留永久許可權用於持續使用和開發。在該協議下,Sequans將收到18500萬美元現金,其中17500萬美元在交易結束時支付,1000萬美元在一年保修期後支付。剩餘的1500萬美元將在2024年6月的製造許可協議下支付。2024年第二季度營業收入達到970萬美元,同比增長5.4%,環比增長60.5%,其中許可和服務收入佔75%。毛利率從第一季度的63.9%提高到84.0%。營業虧損從第一季度的850萬美元縮減至370萬美元,淨虧損從1180萬美元下降至90萬美元。該公司預計第三季度產品營業收入會有適度增長,2024年第四季度表現將更強。與高通的交易預計將在2024年10月之前完成,需批准法國監管機構,允許Sequans保留5G知識產權的全部所有權,同時保持其現有產品組合和客戶關係。
Sequans Communications宣佈與高通達成一項價值20000萬美元的協議,以出售其4G物聯網技術,同時保留永久許可權用於持續使用和開發。在該協議下,Sequans將收到18500萬美元現金,其中17500萬美元在交易結束時支付,1000萬美元在一年保修期後支付。剩餘的1500萬美元將在2024年6月的製造許可協議下支付。2024年第二季度營業收入達到970萬美元,同比增長5.4%,環比增長60.5%,其中許可和服務收入佔75%。毛利率從第一季度的63.9%提高到84.0%。營業虧損從第一季度的850萬美元縮減至370萬美元,淨虧損從1180萬美元下降至90萬美元。該公司預計第三季度產品營業收入會有適度增長,2024年第四季度表現將更強。與高通的交易預計將在2024年10月之前完成,需批准法國監管機構,允許Sequans保留5G知識產權的全部所有權,同時保持其現有產品組合和客戶關係。
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