Sequans Communications S.A., a leader in 5G/4G cellular IoT semiconductor solutions, has announced its preliminary financial results for the second quarter of 2025. The company's revenue was reported at $8.1 million, marking a slight increase of 1.1% compared to the first quarter of 2025, but a decrease of 15.8% from the second quarter of 2024. The gross profit remained stable at $5.2 million, consistent with the previous quarter but down from $8.1 million in the same period last year. The net loss for the second quarter of 2025 was $9.1 million, compared to a net loss of $7.3 million in the first quarter of 2025 and a net loss of $0.6 million in the second quarter of 2024. Meanwhile, the company's cash and cash equivalents totaled $41.6 million as of June 30, 2025, a decrease from $45.9 million at the end of March 2025. In a significant strategic move, Sequans has deployed the proceeds from a $384 million financing to launch a Bitcoin Treasury strategy, acquiring 3,072 Bitcoin. The company remains committed to this strategy, anticipating it will bring long-term value to shareholders. Additionally, Sequans is optimistic about the improvement of its IoT business, with a target of achieving breakeven operating income in 2026.