Sequans Capitalization and 5G Taurus Launch
Targeting ~20% Operating Margin at Scale (non-IFRS)
Long-term Model (non-IFRS)²
USD MM
Revenue:
2020
2021
2022
At Scale¹
$50.9
$50.9
$60.6
$200
Product
$37.9
$30.4
$23.0
>75%
License and Services
$13.0
$20.5
$37.6
<25%
As a Percent of Total Revenue
Gross Margin
46%
53%
71%
45-55%
Research & Development
60.6%
51.9%
37.3%
15-20%
SG&A
34.0%
37.5%
33.2%
10-15%
Operating Margin
(48.5%)
(36.0%)
(6.3%)
~20%
Roadmap to Achieving Scale
Target revenue growth rate expected to exceed
operating expense growth rate
Revenue growth sources: new customers,
entering new markets and launching new, higher
ASP products including 5G Taurus in 2025
License and service revenue supports higher
gross margin
1. Estimated to be achieved after the launch of 5G Taurus platform
2.
Non-IFRS non-cash excludes impact related to stock-based compensation
SEQUANS
O2021 Sequans Communications 10View entire presentation