Sequans Capitalization and 5G Taurus Launch
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Three months ended
(in thousands of US$, except share and per share
amounts)
March 31,
2023
December
31, 2022
March 31,
2022
Revenue
Product revenue
$
2.340
$
License and services revenue
9.559
4.990
10.921
$
5.925
7.966
Total revenue
11,899
15,911
13,891
Cost of revenue
2.556
3.935
4.436
Gross profit
Operating expenses:
Research and development
Sales and marketing
General and administrative
Total operating expenses
Operating profit (loss)
9.343
11.976
9.455
7.488
7.361
6.414
3.033
2.561
2.521
2.818
3.040
2.492
13,339
12,962
11,427
(3,996)
(986)
(1,972)
Financial income (expense):
Interest income (expense). net
(2.515)
(2.543)
(2.672)
Change in fair value of convertible debt derivative
2.302
1.011
6.397
Foreign exchange gain (loss)
(165)
(1.536)
370
Profit (Loss) before income taxes
(4,374)
(4,054)
2,123
Income tax expense
666
907
104
Profit (Loss)
$
(5,040)
$ (4,961)
$
2,019
Attributable to:
Shareholders of the parent
(5.040)
(4.961)
2.019
Minority interests
Basic loss per ADS
($0.10)
($0.10)
$0.05
Diluted loss per ADS
($0.10)
($0.10)
$0.04
Weighted average number of ADS used for computing:
Basic
48.382.629
- Diluted
48,382,629
47.951.407
47,951,407
41.142.823
46,013,404
SEQUANS
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