Investor Presentaiton
PRELIMINARY UNAUDITED CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS
SEQUANS
Three months ended
(in thousands of US$, except share and per share
amounts)
Dec 31,
2023 (1)
Sept 30,
2023
Dec 31,
2022
Revenue :
Product revenue
$
3,971
$
753
$
4,990
License and services revenue
802
7,033
10,921
Total revenue
4,773
7,786
15,911
Cost of revenue
4,190
1,105
3,935
Gross profit
583
6,681
11,976
Operating expenses :
Research and development
6,336
5,974
7,361
Sales and marketing
3,054
2,935
2,561
General and administrative
3,976
5,618
3,040
Total operating expenses
Operating profit (loss)
13,366
14,527
12,962
(12,783)
(7,846)
(986)
Financial income (expense):
Interest income (expense), net
(3,175)
(2,802)
(2,543)
Change in fair value of convertible debt derivative
134
439
1,011
Impact of debt amendment and reimbursement
247
Foreign exchange gain (loss)
Profit (Loss) before income taxes
Income tax expense
Profit (Loss)
Attributable to :
(829)
(16,653)
681
513
(9,449)
104
(1,536)
(4,054)
907
$ (17,334)
$ (9,553)
$ (4,961)
Shareholders of the parent
Minority interests
Basic loss per ADS
Diluted loss per ADS
Weighted average number of ADS used for computing:
Basic
- Diluted
(17,334)
(9,553)
(4,961)
($0.28)
($0.16)
($0.10)
($0.28)
($0.16)
($0.10)
60,933,327
60,933,327
58,586,324
58,586,324
47,951,407
47,951,407
(1) Preliminary evaluation of the convertible debt would need to be updated if the terms are amended prior to filing the
Form 20-F
©2024 Sequans Communications
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