Recent Updates — SQNS

Sequans Communications S.A. completed its Bitcoin treasury exit on September 24, 2026, by selling the remaining 314 Bitcoin held on its balance sheet as of June 30, 2026. This transaction follows the May 2026 redemption of convertible debt and leaves the company with no cryptocurrency holdings or outstanding non-R&D debt, resulting in a strengthened cash position. The move refocuses management entirely on semiconductor growth, supported by Q2 2026 product revenue that grew over 80% year-over-year and a six-month backlog that tripled compared to the prior year. Sequans Communications S.A. is a fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT) and RF transceiver solutions.

Sequans Communications S.A. received a notice from the New York Stock Exchange on September 14, 2026, indicating non-compliance with Section 802.01B of the Listed Company Manual due to a market capitalization deficiency. The company's average global market capitalization over a consecutive 30 trading-day period fell below $50,000,000, and stockholders’ equity was less than $50,000,000. This notice does not trigger immediate delisting; Sequans has 90 days to submit a business plan demonstrating its ability to regain compliance within nine months. If accepted, ADSs will continue trading under the symbol “SQNS” with a “.BC” designation indicating below-compliance status. The company cites completion of its Bitcoin treasury exit and operational momentum in IoT as part of its strategy to restore compliance. Sequans Communications S.A. is a fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT) and RF transceiver solutions.

Sequans Communications reported preliminary unaudited financial results for the second quarter ended June 30, 2026. Revenue increased 23.2% to $7.5 million from $6.1 million in Q1 2026 and decreased 8.4% compared to $8.1 million in Q2 2025. The company reported a net loss of $9.8 million, or ($0.65) per diluted ADS, narrowing significantly from the $76.2 million loss in Q1 2026 and comparable to the $9.0 million loss in Q2 2025. Operating loss improved to $7.2 million from $50.5 million in the prior quarter. The company ended the quarter with $21 million in cash and 314 Bitcoin, having fully redeemed its convertible debt earlier in the year. Sequans Communications is a fabless semiconductor company specializing in wireless 4G/5G cellular technology for the Internet of Things (IoT) and RF transceiver solutions.