SEQUANS COMMUNICATIONS S.A.

(SQNS)
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06:28aSEQUANS COMMUNICATIONS S A : 1.Approval of the statutory financial statements for the year ended December 31, 2021 2.Approval of the consolidated financial statements for the year ended December 31, 2021 3.Allocation of net loss for the year ended December 31, 2021 4.Related-party agreements 5.Approval..
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Sequans ADRs Higher After Expanded Agreement with Renesas

01/05/2022 | 03:25pm EDT

By Michael Dabaie

Sequans Communications S.A.'s American depositary receipts were up 8.3% to $5.24 after the company said it is expanding its partnership with Renesas Electronics Corp.

The French provider of cellular IoT chips and modules said it was expanding its existing 4G/5G licensing agreements with Renesas, a supplier of advanced semiconductor solutions. The deal grants special rights to Renesas that strengthen the go-to-market opportunities for Sequans's LTE-M/NB-IoT Monarch 2 and Taurus 5G platforms, the company said.

In particular, the deal allows Sequans to expand its serviceable addressable market to India, the company said.

Renesas will take a small equity stake in Sequans. Renesas's executive vice president and head of IoT and infrastructure business unit, Sailesh Chittipeddi, will be nominated for election to the Sequans board.

The combined value of the business agreements and the equity investment, expected to close by Jan. 14, is about $20 million, Sequans said.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

01-05-22 1524ET

Stocks mentioned in the article
ChangeLast1st jan.
RENESAS ELECTRONICS CORPORATION -4.96% 1419 Delayed Quote.4.92%
SEQUANS COMMUNICATIONS S.A. 2.03% 3.01 Delayed Quote.-37.76%
All news about SEQUANS COMMUNICATIONS S.A.
06:28aSEQUANS COMMUNICATIONS S A : 1.Approval of the statutory financial statements for the year..
PU
05/23European ADRs Climb Sharply Higher in Monday Trading
MT
05/19European ADRs Move Higher in Thursday Trading
MT
05/18European ADRs Move Lower in Wednesday Trading
MT
05/17European ADRs Move Higher in Tuesday Trading
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05/11European ADRs Move Sharply Higher in Wednesday Trading
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05/10European ADRs Move Higher in Tuesday Trading
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05/04European ADRs Decline in Wednesday Trading
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05/04B. Riley Lowers Sequans Communications' Price Target to $6 from $8 Due to Lower 2023 Sa..
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05/04Needham Adjusts Sequans Communications' Price Target to $5 From $7, Keeps Buy Rating
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Financials (USD)
Sales 2022 63,2 M - -
Net income 2022 -17,2 M - -
Net Debt 2022 - - -
P/E ratio 2022 -7,38x
Yield 2022 -
Capitalization 141 M 141 M -
Capi. / Sales 2022 2,22x
Capi. / Sales 2023 1,55x
Nbr of Employees 262
Free-Float 99,0%
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Technical analysis trends SEQUANS COMMUNICATIONS S.A.
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Mean consensus BUY
Number of Analysts 5
Last Close Price 2,95 $
Average target price 8,60 $
Spread / Average Target 192%
EPS Revisions
Managers and Directors
Georges M. Karam Chairman, President & Chief Executive Officer
Deborah Choate Chief Financial Officer
Fabien Buda Vice President-Research & Development
Danny Kedar Chief Operating Officer
Dominique Pitteloud Independent Director
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