Sequans Communications Preliminary Q2 2025 Financial Results

SEC Filing 6-K (0001383395-25-000080)

Sequans Communications S.A. (NYSE: SQNS) announced its preliminary financial results for the second quarter ended June 30, 2025. The company reported revenue of $8.1 million, a 1.1% increase from the previous quarter but a 15.8% decrease year-over-year. Gross margin stood at 64.4%, slightly down from 64.5% in Q1 2025 and significantly lower than the 84.0% in Q2 2024. The operating loss was $8.7 million, compared to $6.8 million in Q1 2025 and $3.7 million in Q2 2024. Net loss was $9.1 million, or ($0.36) per diluted ADS, compared to $7.3 million, or ($0.29) per diluted ADS, in Q1 2025 and $0.6 million, or ($0.02) per diluted ADS, in Q2 2024. Sequans also highlighted its Bitcoin Treasury strategy, having acquired 3,072 Bitcoin using proceeds from a $384 million financing completed on July 7, 2025. The company aims to achieve breakeven operating income by 2026.