Sequans Capitalization and 5G Taurus Launch slide image

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 • • • 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 4
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