Earnings ·
Sequans posts $9.1M Q3 revenue, up 182.8% YoY, as it exits Bitcoin strategy
SQNSSequans Communications
Sequans Communications reported preliminary unaudited third-quarter 2026 revenue of $9.1 million, a 182.8% increase from the prior year and a 21.9% sequential rise, driven by product sales that more than quadrupled compared to Q3 2025. The company reported a net loss of $1.5 million, or ($0.10) per diluted ADS, significantly improved from the $16.6 million loss in the year-ago period. Operating expenses decreased as the firm completed its Bitcoin treasury exit, realizing a $6.2 million gain on asset sales and ending the quarter with approximately $40 million in cash and no remaining digital assets. Sequans Communications is a leading provider of 5G/4G cellular IoT semiconductor solutions.