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    Sequans Communications SA (SQNS)

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    Sequans Communications S.A. is a fabless semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT). The company designs and develops innovative chips, modules, intellectual property (IP), and services that enable secure and scalable connectivity for IoT devices. Its solutions cater to a wide range of applications, including smart homes, industrial IoT, and enterprise connectivity, leveraging advanced LTE and 5G technologies.

    1. Broadband IoT - Powers applications requiring high throughput, low latency, and large data volumes, such as enterprise routers, home gateways, and industrial devices. Includes 4G LTE Cat 4/Cat 6 platforms and the upcoming Taurus 5G/4G chip platform.

    2. Massive IoT - Focuses on low-power, cost-efficient solutions for large-scale IoT deployments, including smart mobility, logistics, utility meters, and e-health. Features Monarch LTE-M/NB-IoT platforms and Calliope Cat 1 platforms optimized for power efficiency and global deployment.

    3. Critical IoT - Supports ultra-reliable, low-latency communications for applications requiring high performance and reliability.

    NamePositionStart DateShort Bio
    Georges KaramChairman of the Board and CEO2003Dr. Georges Karam has served as Chairman and CEO since founding Sequans in 2003. Previously, he held leadership roles at Juniper Networks, Pacific Broadband Communications, Alcatel, SAGEM, and Philips. He is a senior IEEE member, holds a PhD in signal processing and communication theory, and has authored numerous papers and patents.
    Deborah ChoateChief Financial OfficerJuly 2007Deborah Choate has been CFO since July 2007. She has over 35 years of experience in finance and accounting, including roles at Esmertec AG, Wavecom SA, and Platinum Equity. Earlier, she was an audit partner at Ernst & Young. She holds a BS in Business Administration from the University of California at Berkeley.
    Louis ChuangEVP - Massive IoT BusinessApril 2022Louis Chuang has been EVP for the Massive IoT Business Unit since April 2022. Previously, he was General Manager for Asia-Pacific at Sequans and held senior roles at Gemtek. He holds an MS in Communication and Microwave Engineering from Yuan Ze University in Taiwan.
    Bertrand DebrayEVP - Broadband IoT BusinessOctober 2020Bertrand Debray has been EVP for the Broadband IoT Business since October 2020. He was previously COO (2013–2020) and VP of Engineering since Sequans' founding in 2003. He has held roles at Juniper Networks, Pacific Broadband Communications, and Alcatel. He holds an MS in Engineering from Ecole Nationale Supérieure des Télécommunications, Paris.
    Danny KedarChief Operating OfficerNovember 2020Danny Kedar has been COO since November 2020. He was VP of the IoT Business Unit (2016–2020) and rejoined Sequans in 2015 after serving as CEO of Stylls. He has also worked at Agere Systems and Texas Instruments. He holds an engineering degree from Technion and an MBA from Lehigh University.
    Olivier PauzetEVP - Marketing and StrategyAugust 2023Olivier Pauzet has been EVP of Marketing and Strategy since August 2023. He has over 20 years of experience, including roles at Sierra Wireless and Wavecom. He was VP of Product and IoT Solutions at Sierra Wireless (2020–2023) and VP/GM of IoT Solutions (2017–2020).
    Nikhil TalujaEVP - Worldwide SalesSeptember 2016Nikhil Taluja has been EVP of Worldwide Sales since September 2016. He has over 20 years of experience in sales, product marketing, and business development, with roles at SK hynix, ST-Ericsson, Texas Instruments, and TranSwitch. He holds an MS in Electrical Engineering and a BS in Computer Engineering and Mathematics from Kansas State University.
    1. Given the $250 million design win pipeline over the next three years, what specific measures are you implementing to ensure these design wins convert into actual revenue as projected, especially considering past delays in design win conversions?
    2. With the indefinite suspension of the 5G Taurus project and the associated $56.6 million impairment charge, can you elaborate on the reasons behind this decision and how it impacts your overall 5G strategy moving forward?
    3. You plan to reduce cash operating expenses to below $10 million per quarter in 2025 while investing in next-generation 5G RedCap and eRedCap solutions; how do you intend to balance cost reductions with the necessary R&D investments to stay competitive in the rapidly evolving IoT market?
    4. The Qualcomm transaction has improved your financial standing, but with only $13 million of licensing revenue to be recognized between Q4 and 2025 from this deal, what are your expectations for sustainable, long-term revenue streams from this partnership beyond the initial agreement?
    5. Considering your previous financial challenges and the impact on securing new project wins, what concrete steps are you taking to generate new licensing and services revenue in 2025, and how confident are you in closing these deals to support your path to breakeven?