share_log

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 ·  2024/11/05 19:07

Moomoo AI 已提取核心訊息

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報告2024年第三季度營業收入爲1010萬美元,同比增長29.5%,環比增長4.2%。本季度的亮點是與高通簽署了17200萬美元的戰略交易,導致凈利潤達到7230萬美元。產品營業收入保持平穩,爲240萬美元,而許可收入增加至770萬美元,主要受到Taurus 5G許可的推動。公司顯著增強了資產負債表,截至季度末現金及等價物達到17360萬美元。隨後償還了8500萬美元的可轉換債務和相關方貸款。營業利潤爲8700萬美元,其中包括與高通的4G IP資產出售帶來的15270萬美元收益,但部分被5660萬美元的5G Taurus資產減值抵消。管理層預計2024年第四季度將實現約10%的環比增長,產品營業收入預計將翻倍。公司預期持續增長至2025年,並計劃在2026年實現盈虧平衡,這得益於降低營業費用及通過4G物聯網平台和即將推出的5G RedCap產品增強在物聯網市場的競爭地位。
Sequans Communications報告2024年第三季度營業收入爲1010萬美元,同比增長29.5%,環比增長4.2%。本季度的亮點是與高通簽署了17200萬美元的戰略交易,導致凈利潤達到7230萬美元。產品營業收入保持平穩,爲240萬美元,而許可收入增加至770萬美元,主要受到Taurus 5G許可的推動。公司顯著增強了資產負債表,截至季度末現金及等價物達到17360萬美元。隨後償還了8500萬美元的可轉換債務和相關方貸款。營業利潤爲8700萬美元,其中包括與高通的4G IP資產出售帶來的15270萬美元收益,但部分被5660萬美元的5G Taurus資產減值抵消。管理層預計2024年第四季度將實現約10%的環比增長,產品營業收入預計將翻倍。公司預期持續增長至2025年,並計劃在2026年實現盈虧平衡,這得益於降低營業費用及通過4G物聯網平台和即將推出的5G RedCap產品增強在物聯網市場的競爭地位。
声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息