Sequans Communications (SQNS) Investor presentation summary

Company overview and market position

• Leading provider of semiconductors for cellular IoT, with a global presence and headquarters in France.

• Over 200 employees, 80% in engineering, and listed on NYSE since 2003.

• Serves top-tier customers in smart meters, telematics, asset tracking, space, and defense.

• 2025 revenue was $26.3M ($18.3M net of QC deal); Q1 2026 revenue was $6.1M.

• Debt free, $10.6M cash, and 658 BTC valued at $48M as of May 2026.

Product portfolio and growth strategy

• Offers chips and modules for low, mid, and high-speed IoT applications, plus RF transceivers for SDR.

• Focused on expanding in smart meters, security, healthcare, asset tracking, smart city, and telematics.

• Trusted by industry leaders such as Honeywell, Lockheed Martin, AT&T, Verizon, and NTT Docomo.

• Investing in 5G eRedCap to support the transition from 4G to 5G in cellular IoT.

• Developing RF transceiver business for broader SDR applications, including drones and defense.

Financial performance and outlook

• Q1 2026 revenue was $6.1M, down 12.5% from Q4 2025, with 84% from product sales.

• R&D and SG&A expenses were $11.8M in Q1 2026, down from $12.3M in Q4 2025.

• Maintaining cost discipline and targeting cash-flow break-even by end of 2026.

• Monetizing remaining Bitcoin holdings and fully exiting digital asset strategy.

• Revenue growth driven by >$300M in 3-year design win projects and new product launches.