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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.