PitchSend

Investor Presentaiton

Key Financial Metrics and Long-term Model (non-IFRS) % of Revenue 2019 2020 At Scale Gross Margin 40% 46% 50% Research & Development 75.5% 57.9% 15-20% SG&A 49.4% 30.9% 10-15% Operating Income (Loss) Margin (84.8%) (42.6%) >20% At End of Period ($millions) 2019 2020 Cash & Equivalents, Short-term Deposits $14.1 $18.5 Short-term receivables financing $4.1 $14.2 Government advances & loans $19.9 $23.3 Convertible debt $30.7 $26.1 SEQUANS ©2021 Sequans Communications 18

View entire presentation