Sequans Communications S.A., a fabless designer and provider of cellular semiconductor chips for IoT markets, reported its latest financial results for the fiscal year ending December 31, 2024. The company recorded cash and cash equivalents of $9.093 million at the period end, up from $5.705 million in the previous period. Sequans Communications S.A. highlighted a key business update, opting to apply the IP Box regime to the taxable income from the sale of its Monarch2 intellectual property. This strategic financial decision allows for a reduced tax rate on qualifying transactions in France. The company's operations continue to focus on the design and marketing of semiconductor components for cellular wireless systems.
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