Sequans Communications S.A. (NYSE: SQNS), a leading developer
and provider of 5G/4G chips and modules, today announced financial
results for the second quarter ended June 30, 2020.
Second Quarter 2020 Highlights:
Revenue: Revenue was $12.2 million, an increase of 39.4%
compared to the first quarter of 2020 and an increase of 54.6%
compared to the second quarter of 2019.
Gross margin: Gross margin was 48.3% compared to 51.3% in
the first quarter of 2020, and compared to 37.7% in the second
quarter of 2019.
Operating loss: Operating loss was $5.6 million compared
to $7.8 million in the first quarter of 2020 and $6.9 million in
the second quarter of 2019.
Net loss: Net loss was $19.0 million, or ($0.70) per
diluted ADS, compared to $15.3 million, or ($0.64) per ADS, in the
first quarter of 2020 and $9.2 million, or ($0.39) per ADS, in the
second quarter of 2019. Net loss in the second quarter of 2020
includes $9.1 million loss on revaluation of the embedded
derivative arising from the amendments to the convertible debt made
in March 2020. The loss on the revaluation was $5.6 million in the
first quarter of 2020.
Note: Net loss and net loss per diluted ADS for the first and
second quarters of 2020 include the non-cash impact of the March
20, 2020 amendments to the Company's five issues of convertible
debt. As the amendments give the Company the option to change
certain terms of the convertible debt rendering the equity
conversion variable, IFRS accounting requires that the conversion
option be considered as an embedded derivative, which must be
marked to market each quarter with the change in value reflected as
a non-cash financial gain or loss. Previously, the estimated value
of the conversion option was recorded through equity. The results
for the first quarter of 2020 have been updated from the
preliminary figures announced on April 23, 2020 to reflect this
accounting, following completion of the valuation analyses
subsequent to publication of the first quarter results.
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,
the non-cash impact of convertible debt amendments, and deferred
tax benefit or expense related to the convertible debt and other
financings, non-IFRS net loss was $7.5 million, or ($0.28) per ADS,
compared to $8.7 million, or ($0.36) per ADS in the first quarter
of 2020, and $7.9 million, or ($0.33) per ADS, in the second
quarter of 2019.
Cash: Cash, cash equivalents and short-term deposits at
June 30, 2020 totaled $35.5 million compared to $5.1 million at
March 31, 2020.
In millions of US$ except percentages,
shares and per share amounts
Key Metrics
Q2 2020
%*
Q1 2020 (2)
%*
Q2 2019 (1)
%*
Revenue
$12.2
$8.8
$7.9
Gross profit
5.9
48.3
%
4.5
51.3
%
3.0
37.7
%
Operating loss
(5.6
)
(45.4
)%
(7.8
)
(88.8
)%
(6.9
)
(86.6
)%
Net loss (2)
(19.0
)
(155.0
)%
(15.3
)
(174.1
)%
(9.2
)
(115.8
)%
Diluted earnings per ADS
($0.70
)
($0.64
)
($0.39
)
Weighted average number of diluted ADS
27,150,562
23,904,935
23,742,687
Cash flow from (used in) operations
(1.4
)
(7.7
)
(5.7
)
Cash, cash equivalents and short-term
deposits at quarter-end
35.5
5.1
5.9
Additional information on non-cash
items:
- Non-cash stock-based compensation
included in operating result
0.6
0.7
0.4
- Non-cash interest on convertible debt
and other financing
1.7
1.3
1.0
- Non-cash impact of convertible debts
amendment
—
(1.4
)
—
- Non-cash change in the fair value of
convertible debt embedded derivative
9.1
5.6
—
- Non-cash impact of deferred tax expense
(benefit)
—
0.4
(0.2
)
Non-IFRS diluted earnings per ADS
($0.28
)
($0.36
)
($0.33
)
* Percentage of revenue (1) Updated from the prior earnings
release; as set forth in the annual report on Form 20-F (2) Updated
from the prior earnings release of preliminary results to include
the impact of the valuation of the March 20, 2020 amendments to the
Company's five issues of convertible debt.
"The second quarter was a pivotal one for us," said Georges
Karam, CEO of Sequans. "We achieved excellent sequential growth in
both our Broadband IoT and Massive IoT businesses, significantly
reduced our operating loss, strengthened our balance sheet, secured
several key design wins, continued building a channel pipeline, and
met several important milestones related to our strategic
partnership for 5G.
"Broadband IoT revenue was particularly strong in Q2 because we
were able to mitigate COVID-19 related supply issues and satisfy a
significant portion of the extra demand for portable routers
generated by the measures taken to deal with the pandemic. We will
continue to fulfill this backlog in Q3, and we believe ongoing
Broadband IoT demand will normalize at a higher level than we
experienced pre-coronavirus. Our Massive IoT business continues to
experience strong demand, in particular related to equipment for
health monitoring, augmenting the overall ramp of this business
segment.
"We expect continued sequential growth in both Massive IoT and
Broadband IoT during the remaining quarters of this year, with the
positive impact on demand from the coronavirus likely to continue
to offset any negative impact. Recent design wins, our strong
position in CBRS, a growing channel pipeline and additional
platform wins that could close during the second half of 2020
together support continued strong growth next year. The excellent
progress we are making on 5G technology continues to attract very
strong interest from both prospective new customers and potential
strategic partners, serving to further increase our confidence in
our long-term success."
Q3 2020 Outlook
The following statement is based on management’s current
assumptions and expectations and assumes no increase in the
severity or duration of the COVID-19 pandemic. This statement is
forward-looking and actual results may differ materially. Sequans
undertakes no obligation to update this statement.
Sequans is targeting a sequential increase in revenue of at
least 10% for the third quarter of 2020, which would cause revenue
in the first nine months of 2020 to be greater than the revenue for
all of 2019. The backlog of orders and indications regarding
customer demand support this goal, but the company also sees
ongoing risks related to COVID-19.
Conference Call and Webcast
Sequans plans to conduct a teleconference and live webcast to
discuss the financial results for the second quarter of 2020 today,
July 28, 2020 at 8:00 a.m. EDT /14:00 CEST. To participate in the
live call, analysts and investors should dial 800-263-0877, or
646-828-8143 if outside the U.S. When prompted, provide the event
title or access code: 4258091. 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 4, 2020 by dialing
toll free 888-203-1112 or 719-457-0820 from outside the U.S., using
the following access code: 4258091.
Forward-Looking Statements
This press release contains projections and other
forward-looking statements regarding future events or our future
financial performance and potential financing sources. All
statements other than present and historical facts and conditions
contained in this release, including any statements regarding
expected revenue for the third and fourth quarter of 2020, future
results of operations and financial positions, business strategy
and plans, expectations for Massive IoT and Broadband and Critical
IoT sales, the ability to continue to operate remotely (as
required) at high levels of productivity, increasing backlog of
orders, the impact of the coronavirus on our manufacturing
operations, and on customer demand, 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 operate in a very competitive and rapidly changing
environment. New risks emerge from time to time. Given these risks
and uncertainties, you should not 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. 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, 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) our ability to
remediate material weaknesses in our internal controls relating to
the impact of accounting changes relating to deferred tax assets
and deferred tax liabilities related to the application of IFRS to
deferred taxes on debt instruments with equity components, (xiii)
the impact of the coronavirus 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, (xiv) the impact of the coronavirus on capital
markets and 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, 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 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, Taiwan, South Korea, and China.
Visit Sequans online at www.sequans.com; www.facebook.com/sequans; www.twitter.com/sequans
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 amounts)
June 30, 2020
March 31, 2020 (2)
June 30, 2019 (1)
Revenue :
Product revenue
$
8,774
$
5,501
$
6,774
Other revenue
3,457
3,271
1,136
Total revenue
12,231
8,772
7,910
Cost of revenue
Cost of product revenue
5,884
3,897
4,443
Cost of other revenue
440
373
482
Total cost of revenue
6,324
4,270
4,925
Gross profit
5,907
4,502
2,985
Operating expenses :
Research and development
7,512
7,421
5,773
Sales and marketing
1,871
2,264
2,026
General and administrative
2,082
2,605
2,038
Total operating expenses
11,465
12,290
9,837
Operating loss
(5,558
)
(7,788
)
(6,852
)
Financial income (expense):
Interest income (expense), net
(3,717
)
(3,491
)
(2,214
)
Change in fair value of convertible debt
derivative
(9,141
)
(5,621
)
—
Convertible debt amendment
—
1,399
—
Foreign exchange gain (loss)
(505
)
675
(303
)
Loss before income taxes
(18,921
)
(14,826
)
(9,369
)
Income tax expense (benefit)
34
443
(213
)
Loss
$
(18,955
)
$
(15,269
)
$
(9,156
)
Attributable to :
Shareholders of the parent
(18,955
)
(15,269
)
(9,156
)
Minority interests
—
—
—
Basic loss per ADS
($0.70
)
($0.64
)
($0.39
)
Diluted loss per ADS
($0.70
)
($0.64
)
($0.39
)
Weighted average number of ADS used for
computing:
— Basic
27,150,562
23,904,935
23,742,687
— Diluted
27,150,562
23,904,935
23,742,687
(1) Updated from the prior earnings
release; as set forth in the annual report on Form 20-F
(2) Updated from the prior earnings
release to include the impact of the valuation of the March 20,
2020 amendments to the Company's five issues of convertible
debt.
SEQUANS COMMUNICATIONS
S.A.
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
Six months ended June
30,
(in thousands of US$, except share and
per share amounts)
2020
2019 (1)
Revenue :
Product revenue
$
14,275
$
10,885
Other revenue
6,728
3,493
Total revenue
21,003
14,378
Cost of revenue
Cost of product revenue
9,781
8,018
Cost of other revenue
813
1,056
Total cost of revenue
10,594
9,074
Gross profit
10,409
5,304
Operating expenses :
Research and development
14,933
11,930
Sales and marketing
4,135
4,247
General and administrative
4,687
3,951
Total operating expenses
23,755
20,128
Operating loss
(13,346
)
(14,824
)
Financial income (expense):
Interest income (expense), net
(7,208
)
(4,190
)
Change in fair value of convertible debt
derivative
(14,762
)
—
Convertible debt amendment
1,399
—
Foreign exchange gain (loss)
170
19
Loss before income taxes
(33,747
)
(18,995
)
Income tax expense (benefit)
477
(230
)
Loss
$
(34,224
)
$
(18,765
)
Attributable to :
Shareholders of the parent
(34,224
)
(18,765
)
Minority interests
—
—
Basic loss per ADS
($1.34
)
($0.79
)
Diluted loss per ADS
($1.34
)
($0.79
)
Weighted average number of ADS used for
computing:
— Basic
25,502,105
23,719,912
— Diluted
25,502,105
23,719,912
(1) Updated from the prior earnings
release; as set forth in the annual report on Form 20-F
SEQUANS COMMUNICATIONS
S.A.
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
At June 30,
At Dec 31,
(in thousands of US$)
2020
2019 (1)
ASSETS
Non-current assets
Property, plant and equipment
$
8,843
$
8,858
Intangible assets
24,360
16,696
Deposits and other receivables
429
401
Other non-current financial assets
334
335
Total non-current assets
33,966
26,290
Current assets
Inventories
5,862
6,664
Trade receivables
10,726
8,390
Contract assets
608
1,587
Prepaid expenses and other receivables
7,804
2,556
Recoverable value added tax
550
598
Research tax credit receivable
1,972
3,132
Deposits
17,900
—
Cash and cash equivalents
17,581
14,098
Total current assets
63,003
37,025
Total assets
$
96,969
$
63,315
EQUITY AND LIABILITIES
Equity
Issued capital, euro 0.02 nominal value,
121,078,142 shares authorized, issued and outstanding at June 30,
2020 (95,587,146 shares at December 31, 2019)
$
2,958
$
2,403
Share premium
262,699
233,720
Other capital reserves
40,491
43,656
Accumulated deficit
(342,957
)
(308,733
)
Other components of equity
(814
)
(607
)
Total equity
(37,623
)
(29,561
)
Non-current liabilities
Government grant advances and loans
12,209
6,150
Venture debt
4,605
7,071
Convertible debt
32,902
23,342
Convertible debt embedded derivative
20,028
—
Lease liabilities
3,452
3,204
Trade payables
1,242
1,139
Provisions
1,888
1,905
Deferred tax liabilities
17
429
Contract liabilities
7,519
11,572
Total non-current liabilities
83,862
54,812
Current liabilities
Trade payables
16,996
8,834
Interest-bearing receivables financing
9,640
4,068
Venture Debt
5,326
5,109
Convertible debt
—
7,329
Lease liabilities
741
900
Government grant advances and loans
2,574
1,472
Contract liabilities
5,839
5,812
Other current liabilities and
provisions
9,614
4,540
Total current liabilities
50,730
38,064
Total equity and liabilities
$
96,969
$
63,315
(1) Updated from the prior earnings
releases; as set forth in the annual report on Form 20-F
SEQUANS COMMUNICATIONS
S.A.
UNAUDITED CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOW
Six months ended June
30,
(in thousands of US$)
2020
2019 (1)
Operating activities
Loss before income taxes
$
(33,747
)
$
(18,995
)
Non-cash adjustment to reconcile income
before tax to net cash from (used in) operating activities
Depreciation and impairment of property,
plant and equipment
1,934
2,074
Amortization and impairment of intangible
assets
2,624
2,252
Share-based payment expense
1,292
917
Decrease in provisions
(40
)
(61
)
Interest expense, net
7,274
4,190
Change in the fair value of convertible
debt embedded derivative
14,762
—
Convertible debt amendment
(1,399
)
—
Foreign exchange loss (gain)
127
(188
)
Loss on disposal of property, plant and
equipment
—
(32
)
Bad debt expense
18
—
Working capital adjustments
Decrease (Increase) in trade receivables
and other receivables
(3,709
)
1,606
Decrease in inventories
802
1,362
Decrease (Increase) in research tax credit
receivable
1,680
(1,313
)
Increase (Decrease) in trade payables and
other liabilities
4,310
(1,442
)
Decrease in contract liabilities
(5,835
)
(441
)
Increase (Decrease) in government grant
advances
919
(163
)
Income tax paid
(180
)
(130
)
Net cash flow provided by (used in)
operating activities
(9,168
)
(10,364
)
Investing activities
Purchase of intangible assets and
property, plant and equipment
(2,845
)
(822
)
Capitalized development expenditures
(3,048
)
(2,187
)
Sale (purchase) of financial assets
(27
)
6
Purchase of short-term deposits
(17,900
)
—
Interest received
20
5
Net cash flow used in investments
activities
(23,800
)
(2,998
)
Financing activities
Proceeds from issue of warrants, exercise
of stock options/warrants
32
—
Public equity offering proceeds, net of
transaction costs paid
29,503
—
Proceeds from issuing of warrants, net of
transaction costs paid
—
8,269
Proceeds (Repayment of) from
interest-bearing receivables financing
5,572
(2,956
)
Proceeds from government loans, net of
transaction cost
5,392
—
Proceeds from interest-bearing research
project financing
405
1,126
Proceeds from convertible debt, net of
transaction cost
—
2,984
Payment of lease liabilities
(786
)
(923
)
Repayment of government loans
—
(113
)
Repayment of venture debt
(2,449
)
—
Interest paid
(1,215
)
(1,257
)
Net cash flows from financing
activities
36,454
7,130
Net increase (decrease) in cash and cash
equivalents
3,486
(6,232
)
Net foreign exchange difference
(3
)
—
Cash and cash equivalent at January 1
14,098
12,086
Cash and cash equivalents at end of the
period
$
17,581
$
5,854
(1) Updated from the prior earnings
releases; as set forth in the annual report on Form 20-F
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, 2020
March 31, 2020
(4)
June 30, 2019
(3)
Net IFRS loss as reported
$
(18,955
)
$
(15,269
)
$
(9,156
)
Add back
Non-cash stock-based compensation expense
according to IFRS 2 (1)
625
667
429
Non-cash change in the fair value of
convertible debt embedded derivative
9,141
5,621
—
Non-cash interest on convertible debt and
other financing (2)
1,671
1,294
1,041
Non-cash impact of deferred tax income
(loss)
—
398
(166
)
Non-cash impact of convertible debt
amendment
—
(1,399
)
—
$
(7,518
)
$
(8,689
)
$
(7,852
)
IFRS basic loss per ADS as reported *
($0.70
)
($0.64
)
($0.39
)
Add back
Non-cash stock-based compensation expense
according to IFRS 2 (1)
$0.02
$0.03
$0.02
Non-cash change in the fair value of
convertible debt embedded derivative
$0.34
$0.24
$0.00
Non-cash interest on convertible debt and
other financing (2)
$0.06
$0.05
$0.04
Non-cash impact of deferred tax income
(loss)
$0.00
$0.00
$0.00
Non-cash impact of convertible debt
amendment
$0.00
($0.06
)
$0.00
Non-IFRS basic loss per ADS *
($0.28
)
($0.36
)
($0.33
)
IFRS diluted loss per ADS*
($0.70
)
($0.64
)
($0.39
)
Add back
Non-cash stock-based compensation expense
according to IFRS 2 (1)
$0.02
$0.03
$0.02
Non-cash change in the fair value of
convertible debt embedded derivative
$0.34
$0.24
$0.00
Non-cash interest on convertible debt and
other financing (2)
$0.06
$0.05
$0.04
Non-cash impact of deferred tax income
(loss)
$0.00
$0.02
$0.00
Non-cash impact of convertible debt
amendment
$0.00
($0.06
)
$0.00
Non-IFRS diluted loss per ADS *
($0.28
)
($0.36
)
($0.33
)
(1) Included in the IFRS loss as
follows:
Cost of product revenue
$
4
$
5
$
3
Research and development
266
272
121
Sales and marketing
111
124
60
General and administrative
244
266
245
(2) Related to the difference between
contractual and effective interest rates
(3) Updated from the prior earnings
release; as set forth in the annual report on Form 20-F
(4) Updated from the prior earnings
release to include the impact of the valuation of the March 20,
2020 amendments to the Company's five issues .
* Reflects the November 29, 2019
adjustment in the ratio of shares to ADS : each ADS represents 4
ordinary shares
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,
2020
2019 (3)
Net IFRS loss as reported
$
(34,224
)
$
(18,765
)
Add back
Non-cash stock-based compensation expense
according to IFRS 2 (1)
1,292
917
Non-cash change in the fair value of
convertible debt embedded derivative
14,762
—
Non-cash interest on convertible debt and
other financing (2)
2,965
1,913
Non-cash impact of deferred tax income
(loss)
398
(242
)
Non-cash impact of convertible debt
amendment
(1,399
)
—
$
(16,206
)
$
(16,177
)
IFRS basic loss per ADS as reported *
($1.34
)
($0.79
)
Add back
Non-cash stock-based compensation expense
according to IFRS 2 (1)
$0.05
$0.04
Non-cash change in the fair value of
convertible debt embedded derivative
$0.58
$0.00
Non-cash interest on convertible debt and
other financing (2)
$0.12
$0.08
Non-cash impact of deferred tax income
(loss)
$0.02
($0.01
)
Non-cash impact of convertible debt
amendment
($0.05
)
$0.00
Non-IFRS basic loss per ADS *
($0.64
)
($0.68
)
IFRS diluted loss per ADS*
($1.34
)
($0.79
)
Add back
Non-cash stock-based compensation expense
according to IFRS 2 (1)
$0.05
$0.04
Non-cash change in the fair value of
convertible debt embedded derivative
$0.58
$0.00
Non-cash interest on convertible debt and
other financing (2)
$0.12
$0.08
Non-cash impact of deferred tax income
(loss)
$0.02
($0.01
)
Non-cash impact of convertible debt
amendment
($0.05
)
$0.00
Non-IFRS basic loss per ADS *
($0.64
)
($0.68
)
(1) Included in the IFRS loss as
follows:
Cost of product revenue
$
9
$
5
Research and development
538
261
Sales and marketing
235
128
General and administrative
510
523
(2) Related to the difference between
contractual and effective interest rates
* Reflects the November 29, 2019
adjustment in the ratio of shares to ADS : each ADS represents 4
ordinary shares
(3) Updated from the prior earnings
release; as set forth in the annual report on Form 20-F
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200728005444/en/
Media Relations: Kimberly Tassin +1.425.736.0569
Kimberly@sequans.com
Investor Relations: Claudia Gatlin +1 212.830.9080
Claudia@sequans.com
Sequans Communications (NYSE:SQNS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sequans Communications (NYSE:SQNS)
Historical Stock Chart
From Sep 2023 to Sep 2024