COLOMBES, France (AP) _ Sequans Communications SA (SQNS) on Tuesday reported a loss of $11.3 million in its fourth quarter.

On a per-share basis, the Colombes, France-based company said it had a loss of 36 cents. Losses, adjusted for non-recurring costs and stock option expense, were 28 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.

The chip company posted revenue of $15.8 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $15.5 million.

For the year, the company reported that its loss widened to $54.5 million, or $1.94 per share. Revenue was reported as $50.9 million.

Sequans shares have increased 43% since the beginning of the year. The stock has more than doubled in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SQNS at https://www.zacks.com/ap/SQNS

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