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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.
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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.
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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.
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Critical IoT - Supports ultra-reliable, low-latency communications for applications requiring high performance and reliability.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Dr. Georges Karam ExecutiveBoard | Chairman of the Board and CEO | None | Dr. Karam has been with Sequans since its founding in 2003, serving as its Chairman and CEO. He has a PhD in Signal Processing and Communication Theory and has been instrumental in establishing Sequans as a leader in 4G and 5G solutions. | View Report → |
Bertrand Debray Executive | Executive Vice President, Broadband IoT Business | None | Bertrand Debray has been with Sequans since its founding in 2003, previously serving as COO and VP of Engineering. He has over 20 years of experience in access technologies. | |
Danny Kedar Executive | Chief Operating Officer | None | Danny Kedar has been COO since November 2020, previously VP of the IoT Business Unit. He has a background in engineering and business management. | |
Deborah Choate Executive | Chief Financial Officer | None | Deborah Choate has been the CFO since July 2007, with over 35 years of experience in management, finance, and accounting, particularly in technology companies. | |
Louis Chuang Executive | Executive Vice President, Massive IoT Business | None | Louis Chuang has been with Sequans since April 2022, previously serving as General Manager for Asia-Pacific. He has extensive experience in wireless solutions. | |
Nikhil Taluja Executive | Executive Vice President of Worldwide Sales | None | Nikhil Taluja has been with Sequans since September 2016, with over 20 years of experience in sales and marketing in communications. | |
Olivier Pauzet Executive | Executive Vice President of Marketing and Strategy | None | Olivier Pauzet joined Sequans in August 2023, previously holding multiple roles at Sierra Wireless, including VP of Product and IoT Solutions. | |
Dominique Pitteloud Board | Director | Co-founder and Managing Partner at Climb Ventures, Advisor to ASSIA | Dominique Pitteloud has been a director since January 2005, with a background in venture capital and executive roles in technology companies. | |
Hubert de Pesquidoux Board | Director | Executive Partner at Siris Capital, Director and Audit Committee Chair at Criteo S.A., Executive Chairman of Mavenir Systems, Inc., Board Member at Tarana Wireless | Hubert de Pesquidoux has been a director since March 2011, with a background in executive roles at Alcatel-Lucent. | |
Maria Marced Board | Director | Chairwoman of the EMEA Leadership Council of the Global Semiconductor Alliance | Maria Marced joined SQNS as a director in June 2023, previously President of TSMC Europe BV. | |
Richard Nottenburg Board | Director | Executive Chairman of NxBeam Inc., Board Member of Verint Systems Inc., Cognyte Ltd., and Applied Digital Inc. | Richard Nottenburg has been a director since June 2016, with extensive experience in executive roles and board memberships. | |
Wesley Cummins Board | Director | CEO of Applied Digital Corporation, President of B. Riley Asset Management, Board Member of Vishay Precision Group and CalAmp | Wesley Cummins has been a director since June 2018 and holds significant roles in other companies, including CEO of Applied Digital Corporation. | |
Yves Maitre Board | Director | CEO of Able France, Board Member of Orange China | Yves Maitre has been a director since June 2014, with previous executive roles at HTC Corporation and Orange Corporate. | |
Zvi Slonimsky Board | Director | Chairman of Awear, Maradin, and Surf | Zvi Slonimsky has been a director since November 2006, with extensive experience in executive roles in high-tech companies. |
- 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?
- 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?
- 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?
- 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?
- 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?
Recent press releases and 8-K filings for SQNS.
- Q1 2025 Financial Performance: Sequans reported total revenue of $8.1 million , product revenue of $3.5 million , gross profit of $5.2 million , and a net loss of $7.3 million , reflecting adjustments from the Qualcomm transaction and sequential challenges.
- Product Revenue Growth: Product revenue increased by 42% year-over-year, driven by robust momentum in Monarch 2 projects and Calliope 2 pre-production shipments .
- Robust Pipeline: The company reported a potential revenue pipeline of approximately $480 million, including over $250 million in advanced design wins and $230 million in design-in projects .
- Upcoming Product Launches & RF Opportunities: Calliope 2 shipments are ramping up in the second half of 2025 with next-generation chips (Monarch 3 and Calliope 3) planned for late 2026; new RF transceiver chips are expected to generate around $10 million in annual revenue .
- Q2 2025 Guidance: Management provided an outlook with total revenue expected between $8 million and $9 million, highlighting ongoing pipeline opportunities and revenue acceleration .
- Operational Initiatives: The firm is focused on managing cash burn and executing a board refresh aimed at reducing board size to below 7 members .
- Sequans Communications regained compliance with NYSE listing standards on April 3, 2025, after being notified of non-compliance due to low market capitalization, stockholders' equity, and share price over a 30-day period ( , ).
- The company implemented corrective actions including a 1-for-2.5 reverse stock split and a $200 million strategic transaction that boosted stockholders' equity and market cap ( , ).