BEST Inc
Change company Symbol lookup
Select an option...
BEST BEST Inc
FUPBY Fuchs Petrolub SE
JACK Jack in the Box Inc
NH NantHealth Inc
PWSC PowerSchool Holdings Inc
AEHL Antelope Enterprise Holdings Ltd
POR Portland General Electric Co
CUBI Customers Bancorp Inc
MITT AG Mortgage Investment Trust Inc
UP Wheels Up Experience Inc
Go

Industrials : Air Freight & Logistics |
Based in China
Company profile

BEST Inc is a China-based holding company. The Company mainly conducts its business through its subsidiaries, variable interest entities (VIEs) and VIEs' subsidiaries. The Company operates its business through five segments. The Supply Chain Management Services segment provides warehouse management, order fulfillment services and transportation services to its offline and online enterprise customers. The Express Delivery Services segment provides express services that comprise sorting, line-haul and feeder transportation services to its franchisee service stations. The Freight Delivery Services segment provides freight services that comprise sorting, line-haul and feeder transportation services mainly to its franchisees. The Store + Services segment deliveries the consumer goods to its convenience store membership customers. The Other Value-added Services segment principally relates to finance leasing services, cross-border logistic services and UCargo transportation services.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Price
Delayed
$0.73
Day's Change
0.0022 (0.30%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.7899
Day's Low
0.69
Volume
(Heavy Day)

Today's volume of 78,778 shares is on pace to be much greater than BEST's 10-day average volume of 126,220 shares.

78,778

Sequans Communications Announces Second Quarter 2022 Financial Results

6:00 am ET August 2, 2022 (PR Newswire) Print

Sequans Communications S.A. (NYSE: SQNS), a leading developer and provider of 5G/4G solutions for IoT devices, today announced financial results for the second quarter ended June 30, 2022.

https://mma.prnewswire.com/media/1521139/Sequans_Communications_Logo.jpg

Second Quarter 2022 Summary Results Table:

(in US$ millions, except share and per share data) Q2 2022    Q1 2022    Q2 2021
Revenue                                            $14.2      $13.9      $12.9
Gross profit                                       8.6        9.5        7.3
Gross margin (%)                                   60.7 %     68.1 %     56.6 %
Operating loss                                     (2.1)      (2.0)      (3.4)
Net Profit (Loss)                                  (3.1)      2.0        (1.3)
Diluted earnings (loss) per ADS                    ($0.07)    $0.04      ($0.04)
Non-IFRS diluted earnings per ADS *                ($0.02)    ($0.04)    ($0.15)
Weighted average number of diluted ADS             47,656,861 46,013,404 37,118,845

"Our second quarter growth was boosted by our Monarch Cat-M product family, which grew 13% sequentially and 122% year-over-year, continuing its first-quarter strong performance," said Georges Karam, CEO of Sequans. "Revenue for the quarter increased 11% year-over-year, with Massive IoT growing 12% and the Broadband category growing 9%, due to services revenue. Broadband revenue decreased sequentially due to the expected decline of licensing revenue generated by our existing 5G agreements, which was fully offset by the growth in our Massive IoT business. Our product revenue pipeline continues to build with more design wins, and we are moving them towards mass production, although the shutdowns in China have delayed a few product launches. While most of the design wins are with the Monarch family, our main growth driver, we are seeing increasing interest in our new Cat 1 Calliope 2 platform that we expect to drive additional growth in 2023."

Mr. Karam continued, "I am pleased to announce that we finalized all the terms of a licensing agreement with a new 5G strategic partner that is expected to fully fund the development of our 5G platform. Execution of the deal should be concluded shortly subject to some final logistical steps."

Q3 2022 Outlook

Management plans to update the outlook once the strategic 5G agreement is closed.

Second Quarter 2022 Highlights:

Revenue: Revenue was $14.2 million, an increase of 2.4% compared to the first quarter of 2022 and an increase of 10.6% compared to the second quarter of 2021. The increase from the first quarter was primarily due to increased Massive IoT revenues that offset the decline in Broadband service revenue.

Gross margin: Gross margin was 60.7% compared to 68.1% in the first quarter of 2022 and compared to 56.6% in the second quarter of 2021 due to the higher proportion of product sales versus license and service revenue in the revenue mix.

Operating loss: Operating loss was $2.1 million flat compared to the first quarter of 2022 and $3.4 million in the second quarter of 2021.

Net profit / loss: Net loss was $3.1 million, or ($0.07) per diluted ADS, compared to net profit of $2.0 million, or $0.04 per ADS, in the first quarter of 2022 and a net loss of $1.3 million, or ($0.04) per ADS, in the second quarter of 2021. Net loss in the second quarter of 2022 includes a $0.7 million gain on the change in fair value of the convertible debt derivative compared to a $6.4 million gain in the first quarter of 2022 and a $1.4 million gain in the second quarter of 2021.

Non-IFRS Net loss and diluted loss per ADS: Excluding the non-cash stock-based compensation, the non-cash impact of the fair-value and effective interest adjustments related to the convertible debt with embedded derivatives and other financings, non-IFRS net loss was $1.1 million, or ($0.02) per ADS, compared to $1.8 million, or ($0.04) per ADS in the first quarter of 2022, and $5.6 million, or ($0.15) per ADS, in the second quarter of 2021. The non-IFRS net loss includes foreign exchange gains of $1.2 million, or $0.02 per ADS, in the second quarter of 2022, $370,000, or less $0.01 per ADS, in the first quarter of 2022 and a loss of $1.0 million, or ($0.03) per ADS, in the second quarter of 2021.

Cash: Cash and cash equivalents and short-term deposits at June 30, 2022 totaled $16.8 million compared to $26.3 million at March 31, 2022. The amount at June 30, 2022 excludes grant funding of $3.0 million received July 1, 2022.

Conference Call and Webcast

Sequans plans to conduct a teleconference and live webcast to discuss the financial results for the second quarter of 2022 today, August 2, 2022 at 8:00 a.m. ET /14:00 CET. To participate in the live call, analysts and investors should dial 877-407-0792 or +1 201-689-8263 if outside the U.S. When prompted, provide the event title or access code: 13730885. A live and archived webcast of the call will be available from the Investors section of the Sequans website at www.sequans.com/investors/. An audio replay of the conference call will be available until August 16, 2022 by dialing toll free 844-512-2921 or +1 412-317-6671 from outside the U.S., using the following access code:13730855.

Forward Looking Statements

This press release contains projections and other forward-looking statements regarding future events, including the expected execution of a new strategic agreement, and our future financial performance. All statements other than present and historical facts and conditions contained in this release, including any statements regarding future results of operations and financial positions, business strategy and plans, including ability to enter into and close a new 5G strategic agreement on presently negotiated terms and the expectation that the potential agreement will fully fund the development of our first 5G platform, expectations for Massive IoT sales, the impact of the Covid-19 on our supply chain and on customer demand, the impact of component shortages and manufacturing capacity, our ability to convert our pipeline to revenue and our objectives for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risk and uncertainties and subject to change at any time. We undertake no obligation to update the information made in this release in the event facts or circumstances subsequently change after the date of this press release. We operate in a very competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not rely on or place undue reliance on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. In addition to the risk factors contained in our Form 20-F for the fiscal year ended December 31, 2021, some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: (i) the contraction or lack of growth of markets in which we compete and in which our products are sold, (ii) unexpected increases in our expenses resulting from inflationary pressures, including manufacturing expenses, (iii) our inability to adjust spending quickly enough to offset any unexpected revenue shortfall, (iv) delays or cancellations in spending by our customers, (v) unexpected average selling price reductions, (vi) the significant fluctuation to which our quarterly revenue and operating results are subject due to cyclicality in the wireless communications industry and transitions to new process technologies, (vii) our inability to anticipate the future market demands and future needs of our customers, (viii) our inability to achieve new design wins or for design wins to result in shipments of our products at levels and in the timeframes we currently expect, (ix) our inability to enter into and execute on strategic alliances, (x) our ability to meet performance milestones under strategic license agreements, (xi) the impact of natural disasters on our sourcing operations and supply chain, (xii) the impact of the Ukraine-Russia conflict on our independent contractors located in Ukraine, (xiii) the impact of Covid-19 on the ability to operate our business and research, production of our products or demand for our products by customers whose supply chain is impacted or whose operations have been impacted by government shelter-in-place or similar orders or Covid-19 workforce shortages, (xiv) our ability to raise debt and equity financing, and (xv) other factors detailed in documents we file from time to time with the Securities and Exchange Commission.

Use of Non-IFRS/non-GAAP Financial Measures

To supplement our unaudited consolidated financial statements prepared in accordance with IFRS, we disclose certain non-IFRS, or non-GAAP, financial measures. These measures exclude the non-cash stock-based compensation and the non-cash impacts of convertible debt amendments, conversions and repayments, effective interest adjustments related to the convertible debt with embedded derivatives and other financings; and deferred tax benefit or expense related to the convertible debt and other financings. We believe that these measures can be useful to facilitate comparisons among different companies. These non-GAAP measures have limitations in that the non-GAAP measures we use may not be directly comparable to those reported by other companies. We seek to compensate for this limitation by providing a reconciliation of the non-GAAP financial measures to the most directly comparable IFRS measures in the table attached to this press release.

About Sequans Communications

Sequans Communications S.A. (NYSE: SQNS) is a leading developer and provider of 5G and 4G chips and modules for IoT devices. For 5G/4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring industry-leading low power consumption, a large set of integrated functionalities, and global deployment capability. For 5G/4G broadband and critical IoT applications, Sequans offers a product portfolio based on its Cassiopeia 4G Cat 4/Cat 6 and planned high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications. Founded in 2003, Sequans is based in Paris, France with additional offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, South Korea, and China.

Visit Sequans online at www.sequans.com; www.facebook.com/sequans; www.twitter.com/sequans

Media Relations: Kimberly Tassin, +1.425.736.0569, Kimberly@sequans.com Investor Relations: Kimberly Rogers, +1 385.831-7337, krogers@sequans.com

Condensed financial tables follow

SEQUANS COMMUNICATIONS S.A.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                                                            Three months ended
       (in thousands of US$, except share and per share                     June 30,           March 31,         June 30,
       amounts)                                                             2022               2022              2021
       Revenue :
                        Product revenue                                     $          7,674   $          5,925  $          7,393
                        Services and license revenue                        6,547              7,966             5,464
       Total revenue                                                        14,221             13,891            12,857
       Cost of revenue                                                      5,592              4,436             5,582
       Gross profit                                                         8,629              9,455             7,275
       Operating expenses :
                        Research and development                            5,875              6,414             5,848
                        Sales and marketing                                 2,499              2,521             2,297
                        General and administrative                          2,351              2,492             2,507
       Total operating expenses                                             10,725             11,427            10,652
       Operating loss                                                       (2,096)            (1,972)           (3,377)
       Financial income (expense):
                        Interest income (expense), net                      (2,858)            (2,672)           (3,411)
                        Change in fair value of convertible debt derivative 663                6,397             1,408
                        Impact of debt reimbursement                        --                 --                5,177
                        Foreign exchange gain (loss)                        1,218              370               (964)
       Profit (Loss) before income taxes                                    (3,073)            2,123             (1,167)
       Income tax expense                                                   120                104               150
       Profit (Loss)                                                        $         (3,193)  $          2,019  $         (1,317)
       Attributable to :
                        Shareholders of the parent                          (3,193)            2,019             (1,317)
                        Minority interests                                  --                 --                --
       Basic loss per ADS                                                   ($0.07)            $0.05             ($0.04)
       Diluted loss per ADS                                                 ($0.07)            $0.04             ($0.04)
       Weighted average number of ADS used for computing:
       -- Basic                                                             47,656,861         41,142,823        37,118,845
       -- Diluted                                                           47,656,861         46,013,404        37,118,845
SEQUANS COMMUNICATIONS S.A.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                                                        Six months ended June 30,
(in thousands of US$, except share and per share amounts)               2022                   2021
Revenue :
                    Product revenue                                     $            13,599    $            15,941
                    Services and license revenue                        14,513                 9,237
Total revenue                                                           28,112                 25,178
Cost of revenue                                                         10,028                 11,725
Gross profit                                                            18,084                 13,453
Operating expenses :
                    Research and development                            12,289                 13,102
                    Sales and marketing                                 5,020                  4,591
                    General and administrative                          4,843                  4,967
Total operating expenses                                                22,152                 22,660
Operating loss                                                          (4,068)                (9,207)
Financial income (expense):
                    Interest income (expense), net                      (5,530)                (6,122)
                    Change in fair value of convertible debt derivative 7,060                  (2,682)
                    Impact of debt reimbursement                        --                     5,177
                    Foreign exchange gain (loss)                        1,588                  394
Profit (Loss) before income taxes                                       (950)                  (12,440)
Income tax expense                                                      224                    297
Profit (Loss)                                                           $             (1,174)  $          (12,737)
Attributable to :
                    Shareholders of the parent                          (1,174)                (12,737)
                    Minority interests                                  --                     --
Basic loss per ADS                                                      ($0.03)                ($0.35)
Diluted loss per ADS                                                    ($0.03)                ($0.35)
Weighted average number of ADS used for computing:
-- Basic                                                                44,388,055             35,894,642
-- Diluted                                                              44,388,055             35,894,642
SEQUANS COMMUNICATIONS S.A.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
                                                                                                   At June 30,               At Dec 31,
(in thousands of US$)                                                                              2022                      2021
ASSETS
               Non-current assets
               Property, plant and equipment                                                       $                  9,797  $                    8,010
               Intangible assets                                                                   45,664                    37,984
               Deposits and other receivables                                                      660                       2,311
               Other non-current financial assets                                                  327                       357
               Total non-current assets                                                            56,448                    48,662
               Current assets
               Inventories                                                                         6,978                     6,433
               Trade receivables                                                                   8,820                     13,622
               Contract assets                                                                     595                       789
               Prepaid expenses                                                                    2,119                     2,108
               Other receivables                                                                   8,060                     7,252
               Research tax credit receivable                                                      7,808                     5,863
               Short-term deposits                                                                 7,000                     --
               Cash and cash equivalents                                                           9,753                     4,835
               Total current assets                                                                51,133                    40,902
Total assets                                                                                       $               107,581   $                  89,564
EQUITY AND LIABILITIES
               Equity
               Issued capital, euro 0.01 nominal value, 191,135,930  shares authorized, issued and $                  2,283  $                    3,687
               outstanding at June 30, 2022 (151,419,322  shares at December 31, 2021 and euro
               0.02 nominal value)
               Share premium                                                                       2,485                     298,389
               Other capital reserves                                                              59,733                    57,198
               Accumulated deficit                                                                 (57,265)                  (383,554)
               Other components of equity                                                          (464)                     (26)
               Total equity                                                                        6,772                     (24,306)
               Non-current liabilities
               Government grant advances, loans and other liabilities                              6,201                     9,354
               Convertible debt                                                                    40,097                    36,373
               Convertible debt embedded derivative                                                3,020                     10,081
               Lease liabilities                                                                   2,729                     3,373
               Trade payables                                                                      3,161                     964
               Provisions                                                                          2,127                     2,137
               Deferred tax liabilities                                                            124                       138
               Contract liabilities                                                                1,859                     2,706
               Total non-current liabilities                                                       59,318                    65,126
               Current liabilities
               Trade payables                                                                      11,490                    13,916
               Interest-bearing receivables financing                                              12,061                    9,518
               Lease liabilities                                                                   1,291                     1,247
               Government grant advances and loans                                                 5,210                     6,206
               Contract liabilities                                                                3,014                     8,677
               Other current liabilities and provisions                                            8,425                     9,180
               Total current liabilities                                                           41,491                    48,744
Total equity and liabilities                                                                       $               107,581   $                  89,564
SEQUANS COMMUNICATIONS S.A.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW
                                                                                                          Six months ended June 30,
(in thousands of US$)                                                                                     2022                  2021
Operating activities
               Profit (Loss) before income taxes                                                          $              (950)  $        (12,440)
               Non-cash adjustment to reconcile income before tax to net cash from (used in)
               operating activities
                                         Depreciation and impairment of property, plant and equipment     1,805                 1,963
                                         Amortization and impairment of intangible assets                 3,464                 3,721
                                         Share-based payment expense                                      2,535                 2,252
                                         Increase in provisions                                           207                   253
                                         Interest expense, net                                            5,530                 6,122
                                         Change in the fair value of convertible debt embedded derivative (7,061)               2,682
                                         Impact of debt reimbursement                                     --                    (5,177)
                                         Foreign exchange loss (gain)                                     (363)                 (441)
                                         Loss (Gain) on disposal of property, plant and equipment         --                    7
               Working capital adjustments
                                         Decrease (Increase) in trade receivables and other receivables   5,218                 7,432
                                         Decrease (increase) in inventories                               (545)                 1,019
                                         Increase  in research tax credit receivable                      (853)                 (635)
                                         Increase in trade payables and other liabilities                 (4,803)               6,891
                                         Decrease in contract liabilities                                 (7,247)               (7,437)
                                         Increase (Decrease) in government grant advances                 (4,143)               561
               Income tax paid                                                                            (487)                 (270)
Net cash flow provided by (used in) operating activities                                                  (7,693)               6,503
Investing activities
               Purchase of intangible assets and property, plant and equipment                            (4,761)               (6,242)
               Capitalized development expenditures                                                       (7,935)               (9,535)
               Sale (Purchase) of financial assets                                                        1,681                 (2,814)
               Decrease (increase) of short-term deposit                                                  (7,000)               (15,600)
               Interest received                                                                          12                    24
Net cash flow provided by (used in) investments activities                                                (18,003)              (34,167)
Financing activities
               Proceeds from issue of warrants, exercise of stock options/warrants                        --                    96
               Public and private equity offering proceeds, net of transaction costs paid                 30,155                9,894
               Proceeds (Repayment of) from interest-bearing receivables financing                        2,611                 (3,341)
               Proceeds from convertible debt, net of transaction cost                                    --                    39,647
               Payment of lease liabilities                                                               (602)                 (550)
               Repayment of convertible debt                                                              --                    (8,750)
               Repayment of government loans                                                              (216)                 (240)
               Repayment of venture debt                                                                  --                    (8,042)
               Repayment of interest-bearing research project financing                                   (630)                 (363)
               Interest paid                                                                              (708)                 (4,480)
Net cash flows from (used in) financing activities                                                        30,610                23,871
               Net increase (decrease) in cash and cash equivalents                                       4,914                 (3,793)
               Net foreign exchange difference                                                            4                     2
               Cash and cash equivalents at January 1                                                     4,835                 7,574
Cash and cash equivalents at end of the period                                                            9,753                 3,783
SEQUANS COMMUNICATIONS S.A.
UNAUDITED RECONCILIATION OF NON-IFRS FINANCIAL RESULTS
(in thousands of US$, except share and per share amounts)                             Three months ended
                                                                                      June 30,              March 31,             June 30,
                                                     2022                             2022                  2022                  2021
Net IFRS loss as reported                                                             $         (3,193)     $           2,019     $         (1,317)
Add back
                    Non-cash stock-based compensation expense according to IFRS 2 (1) 1,239                 1,315                 1,092
                    Non-cash change in the fair value of convertible debt embedded    (663)                 (6,397)               (1,408)
                    derivative
                    Non-cash interest on convertible debt  and other financing (2)    1,452                 1,218                 1,187
                    Impact of debt reimbursement                                      --                    --                    (5,177)
Non-IFRS loss adjusted                                                                $         (1,165)     $         (1,845)     $         (5,623)
IFRS basic loss per ADS as reported                                                   ($0.07)               $0.05                 ($0.04)
Add back
                    Non-cash stock-based compensation expense according to IFRS 2 (1) $0.03                 $0.03                 $0.03
                    Non-cash change in the fair value of convertible debt embedded    ($0.01)               ($0.15)               ($0.03)
                    derivative
                    Non-cash interest on convertible debt  and other financing (2)    $0.03                 $0.03                 $0.03
                    Impact of debt reimbursement                                      $0.00                 $0.00                 ($0.14)
Non-IFRS basic loss per ADS                                                           ($0.02)               ($0.04)               ($0.15)
IFRS diluted loss per ADS                                                             ($0.07)               $0.04                 ($0.04)
Add back
                    Non-cash stock-based compensation expense according to IFRS 2 (1) $0.03                 $0.03                 $0.03
                    Non-cash change in the fair value of convertible debt embedded    ($0.01)               ($0.14)               ($0.03)
                    derivative
                    Non-cash interest on convertible debt  and other financing (2)    $0.03                 $0.03                 $0.03
                    Impact of debt reimbursement                                      $0.00                 $0.00                 ($0.14)
Non-IFRS diluted loss per ADS                                                         ($0.02)               ($0.04)               ($0.15)
                    (1) Included in the IFRS loss as follows:
                                                     Cost of product revenue          $                 31  $                 29  $                14
                                                     Research and development         424                   470                   513
                                                     Sales and marketing              278                   290                   206
                                                     General and administrative       506                   526                   359
                    (2) Related to the difference between contractual and effective interest rates
SEQUANS COMMUNICATIONS S.A.
UNAUDITED RECONCILIATION OF NON-IFRS FINANCIAL RESULTS
(in thousands of US$, except share and per share amounts)                             Six months ended June 30,
                                                                                      2022                        2021
Net IFRS loss as reported                                                             $           (1,174)         $         (12,737)
Add back
                    Non-cash stock-based compensation expense according to IFRS 2 (1) 2,554                       2,252
                    Non-cash change in the fair value of convertible debt embedded    (7,060)                     2,682
                    derivative
                    Non-cash interest on convertible debt  and other financing (2)    2,670                       2,272
                    Non-cash impact of deferred tax income (loss)                     --                          --
                    Impact of debt reimbursement                                      --                          (5,177)
                    Non-cash impact of convertible debt amendment                     --                          --
Non-IFRS loss adjusted                                                                $           (3,010)         $         (10,708)
IFRS basic loss per ADS as reported                                                   ($0.03)                     ($0.35)
Add back
                    Non-cash stock-based compensation expense according to IFRS 2 (1) $0.06                       $0.06
                    Non-cash change in the fair value of convertible debt embedded    ($0.16)                     $0.07
                    derivative
                    Non-cash interest on convertible debt  and other financing (2)    $0.06                       $0.06
                    Non-cash impact of deferred tax income (loss)                     $0.00                       $0.00
                    Impact of debt reimbursement                                      $0.00                       ($0.14)
                    Non-cash impact of convertible debt amendment                     $0.00                       $0.00
Non-IFRS basic loss per ADS                                                           ($0.07)                     ($0.30)
IFRS diluted loss per ADS                                                             ($0.03)                     ($0.35)
Add back
                    Non-cash stock-based compensation expense according to IFRS 2 (1) $0.06                       $0.06
                    Non-cash change in the fair value of convertible debt embedded    ($0.16)                     $0.07
                    derivative
                    Non-cash interest on convertible debt  and other financing (2)    $0.06                       $0.06
                    Non-cash impact of deferred tax income (loss)                     $0.00                       $0.00
                    Impact of debt reimbursement                                      $0.00                       ($0.14)
                    Non-cash impact of convertible debt amendment                     $0.00                       $0.00
Non-IFRS basic loss per ADS                                                           ($0.07)                     ($0.30)
                    (1) Included in the IFRS loss as follows:
                                                     Cost of product revenue          $                 60        $                  30
                                                     Research and development         894                         1,067
                                                     Sales and marketing              568                         423
                                                     General and administrative       1,032                       732
                    (2) Related to the difference between contractual and effective interest rates

https://c212.net/c/img/favicon.png?sn=CG33028&sd=2022-08-02

View original content to download multimedia:https://www.prnewswire.com/news-releases/sequans-communications-announces-second-quarter-2022-financial-results-301597539.html

SOURCE Sequans Communications

https://rt.prnewswire.com/rt.gif?NewsItemId=CG33028&Transmission_Id=202208020600PR_NEWS_USPR_____CG33028&DateId=20220802

comtex tracking

COMTEX_411400836/1005/2022-08-02T06:00:17

Earnings Calendar and Events Data provided by |Terms of Use| © 2022 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2022. All rights reserved.