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Sequans Communications SA

sequans.com

What Do They Do?

Designs and supplies cellular IoT chips and modules, along with RF transceivers and related design services, for device makers and developers of specialized wireless systems.

Who Are Their Customers?

Sequans sells to device makers and their manufacturing partners, generally on purchase orders rather than directly to wireless carriers; it reaches OEMs and ODMs through its direct sales team and through module or technology partners and distributors.

Customers above 10% of revenue, FY2025
of revenue from two customers (33%, 13%)
FY2023: 56% from one customer

Do Revenues Turn Into Profits?

No. It lost $109.3M in .

Operating income,
−107% of revenue
▲ +91% (Loss) vs (−$15.2M, −41%)
Net income,
−402% of revenue
▼ Now a loss vs ($57.6M, 157%)

How Are They Changing?

From broadband to low-power IoT The earlier report addressed both massive and broadband IoT, while the latest says it paused fixed-wireless broadband development and shifted its roadmap toward low-power IoT.

Adds RF transceivers The earlier report described cellular chip and module products; the latest adds RF transceivers and related design services after acquiring ACP.

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