Sequans Communications S.A., a prominent developer and provider of 5G/4G semiconductors and IoT modules, has announced its preliminary financial results for the first quarter ended March 31, 2025. The company reported revenue of $8.1 million, which represents a notable increase from the $6.0 million reported during the same period in the previous year. However, this figure marks a decline from the $11.0 million recorded in the fourth quarter of 2024. The company experienced a net loss of $7.3 million for the first quarter of 2025, compared to a net loss of $11.8 million in the first quarter of 2024 and a net loss of $2.4 million in the fourth quarter of 2024. The gross profit for the quarter was $5.2 million, an improvement from $3.9 million in the first quarter of 2024, though down from $7.4 million in the fourth quarter of 2024. Sequans highlighted a 42% year-over-year growth in product sales, driven by momentum in Monarch 2 projects and pre-production shipments of Calliope 2. The company also noted strong customer interest in its portfolio, with a total 3-year sales pipeline expanding to approximately $480 million, signaling potential future growth.