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Wireless

Sequans achieves 40% revenue increase in Q1, expects double-digit sequential growth in Q2

Wednesday 28 April 2021 | 08:11 CET | News
IoT chipmaker Sequans Communications generated revenues of USD 12.3 million in the three months to March, representing a year-on-year increase of 40.5 percent (+58.4% in Q4). The company said that its Massive IoT business continued to be the main driver of annual growth. Quarter-on-quarter, revenues decreased by 22.0 percent, which was attributed to supply chain constraints that delayed approximately USD 2 million of shipments, anticipated weaker demand for a specific modem (Verizon Jetpack), as well as seasonality.

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Categories: Mobile & Wireless
Companies: Sequans
Countries: World
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