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Revenue Trends - Reacceleration of Annual Growth in 2020 Annual Revenues ($MM) Quarterly Revenues ($MM) (1) Massive loT Vertical ■Broadband loT 60 $18.0 (unaudited) $50.9 65% y/y growth 50 $16.0 40 40 $30.9 30 20 10 SEQUANS 2019 $14.0 $12.0 $10.0 $8.0 $6.0 2020 (unaudited) Q4:19 Q1:20 Q2:20 Q3:20 Q4:20 (1) Includes service revenue from large strategic 5G project with Fortune Global 500 partner ©2021 Sequans Communications 17

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