Sequans Communications ADR

Sequans Communications announced that finance chief Deborah Choate will retire on June 30, 2026. Her successor will be Norman Brodt, currently vice president of finance. The change comes amid significant financial troubles at the semiconductor company, including a roughly 77% plunge in the stock last year, high debt and heavy cash outflows. » Altro su de.investing.com

Sequans reported Q1 2026 EPS of -$3.40 versus an expected -$0.13, substantially missing the forecast. Revenue fell to $6.1 million and gross margin dropped to 37.7% amid ongoing supply-chain issues. Non-cash charges related to Bitcoin holdings weighed on results, although the IFRS net loss narrowed to $54.3 million. The stock showed high volatility, dipping intraday before rising in premarket trading. Sequans is pursuing further cost cuts and plans to repay a convertible bond by June 1, 2026, aiming to become nearly debt-free. » Altro su de.investing.com

Sequans Communications reports preliminary revenues of $6.1 million for the first quarter of 2026, a decline of 24.8% versus Q1 2025. Gross margin fell to 37.7% and operating results showed a loss of $50.5 million; net loss was $54.3 million, or $3.73 per ADS. Cash and cash equivalents amounted to $10.6 million as of March 31. The company holds 1,514 bitcoin (market value $103.2 million), part of which is pledged as collateral, and reports high indebtedness and negative free cash flows. » Altro su de.investing.com