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Here’s why Sequans Communications S.A. (SQNS) Stock Surged in the Premarket

Sequans Communications S.A. (SQNS) is one of the leading companies engaged in the development and supply of cellular semiconductor IoT connectivity solutions. The company also provides chips and modules for massive broadband. The company is an all-inclusive product platform provider relying on Calliope Cat 1 chip and LTE-M/NB-IoT programs. SQNS also provides high-end Taurus 5G chip and Cassiopeia Cat 4/Cat 6 4G programs for residential and industrial applications.

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The price of SQNS stock during the regular trading on January 5, 2022, was $5.07 with a significant incline of 4.54%. At last check in the premarket on January 6, 2022, the stock further shined by 7.50%.

SQNS: Events and Happenings

On January 5, 2022, SQNS reported about the expansion of its 4G/5G licensing collaboration with Renesas Electronics Corporation. Renesas is a leading innovative semiconductor solutions supplier. SQNS, through this expansion, granted distinct rights to Renesas that reinforce the go-to-market opportunities for the company’s 5G Taurus and Monarch 2 LTE-M/NB-IoT programs.

On January 4, 2022, SQNS reported that Ubiik was using the Monarch 2 GM02S LTE-M/NB-IoT module of the company as its latest connectivity solution. Ubiik is providing Industrial IoT solutions on big-scale deployments. Ubiik had built a huge network in Taiwan for electricity advanced metering infrastructure.

On January 3, 2022, SQNS reported that the Cassiopeia CB410L CBRS module of the company was a new and advanced cloud-based international cellular connectivity provider which is on display at CES 2022. On December 31, 2021, SQNS reported that the company will release its financial results for Q4 and full-year 2021 on February 8, 2022.

On December 23, 2021, SQNS reported that the Cassiopeia CB410L CBRS module was used by Green-GO Digital for its connection to the Beltpack Sports wireless intercom communications device. It is linked via LTE technology and is specifically designed for its display on citizens’ broadband radio service.

On December 22, 2021, SQNS reported that CBRSense started its functioning into its network. It is the pioneer, low-power sensor that has the ability to communicate over private networks. On December 21, 2021, SQNS reported about its collaboration with EchoStar Mobile regarding its LTE band 65 support which was available on its Cassiopeia LTE-Advanced platform.

On December 15, 2021, SQNS reported about the availability of Calliope 2 which was a second-generation, LTE Cat 1bis chip. On December 6, 2021, SQNS reported that the company’s executives will present at the 24th Needham Annual Virtual Growth Conference being held on January 10-14, 2022. On November 8, 2021, SQNS reported that the company’s executives presented at the Virtual 10th Annual Roth Technology Conference held on November 17-18, 2021.

SQNS: Key Financials

On November 2, 2021, SQNS reported financial results for the third quarter ended September 30, 2021, the main points of which are as follows

  • Revenue was $11.9 million for Q32021 versus $14.1 million for Q32020
  • Net profit was $0.2 million, or $0.01per diluted share for Q32021, versus $9.0 million or $0.30 per share for Q32020.

Conclusion

SQNS stock surged 14% from last month. The recent premarket incline is possibly based on the company’s announcement of its recent collaboration. The stock is overall in good shape to attract potential investors.

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