Sequans Capitalization and 5G Taurus Launch
Sequans Overview
Co-founded in 2003 by CEO, Georges Karam
ADS listed on NYSE (Ticker: SQNS) since 2011
Global Company
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Headquartered in France
Main R&D facilities in France, England, Israel
and Ukraine
370 people in 14 countries (80% R&D &
customer support)
Fabless semiconductor business model
Primary use of capital is for ongoing 4G and 5G
product development
$60.6M
2022 Revenue¹
71%
2022 Gross Margin¹
Annual growth rate over next 3 to 5
years expected to exceed market CAGR
Balance Sheet Highlights
At December 31 ($millions)
2021
2022
Cash & Equivalents, Short-term Deposits
$4.8
$10.7
Short-term receivables financing
Government advances & loans
$9.5
$7.7
$15.6
$10.4
Convertible debt
$36.4
$43.5
1.
Full year ended December 31, 2022.
SEQUANS
O2023 Sequans Communications
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