SQNS Earnings Prediction
The chart below shows how SQNS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SQNS sees a +41.27% change in stock price 10 days leading up to the earnings, and a +0.71% change 10 days following the report. On the earnings day itself, the stock moves by +0.02%. This data can give you a slight idea of what to expect for the next quarter's release.
SQNS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
10.08M
29.46%
4.19%
Gross Margin
82.47%
-3.89%
-1.83%
Operating Margin
-90.88%
-9.81%
137.10%
Net Margin
717.05%
684.44%
-7712.00%
EPS
0.65
506.25%
-6600.00%
No Data Available
SQNS Earnings Analysis
Sequans Communications S.A. American Depositary Shares, each representing four Ordinary Shares Corporation (SQNS.N) Earnings Conference Call
Positive
Q3 Revenue Increase: Revenue for Q3 2024 increased 29.5% to $10.1 million from $7.8 million in Q3 2023.
Product Revenue Contribution: Product revenue accounted for 23.4% of total revenues compared to 9.7% in Q3 2023 and 25.2% in the prior quarter.
Licensing Revenue Increase: Licensing revenue was $7.7 million, a 9.8% increase compared to $7 million in the prior year quarter.
Operating Profit Improvement: Operating profit was $87 million in the quarter compared to operating losses of $3.7 million in Q2 2024 and $7.8 million in Q3 2023.
Net Profit Surge: Net profit for Q3 2024 was $80.5 million or $2.91 per diluted ADS, compared to a net loss of $5.8 million in the prior quarter.
Negative
Shipment Delay Impact: We experienced a shipment delay at the end of September, which prevented us from shipping about $500,000 of product.
Product Revenue Percentage Change: Product revenue accounted for 23.4% of total revenues compared to 9.7% in Q3 of 2023 and 25.2% in the prior quarter.
Gross Margin Decline: Gross margin on product revenue was 36.9% in Q3 compared to 39.1% in Q2.
Impairment Charge Recognition: We recognized a $56.6 million non-cash impairment charge for intangible and tangible assets related to our Taurus product.
R&D Expense Increase: We had an increase in R&D expense due to no longer capitalizing the R&D related to Taurus.
SQNS FAQs
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SQNS Earning Call Sentiment
Sequans Communications S.A. (SQNS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SQNS.N
3.64%Positive
The earnings call summary presents strong financial performance with a significant revenue increase, high gross margins, and a net profit driven by a strategic asset sale to Qualcomm. The company's financial health is bolstered by debt repayment and substantial cash reserves. Product development shows promise with a robust design win pipeline and new offerings in 5G technology. Despite competitive and supply chain risks, optimistic guidance and strategic partnerships, like with Qualcomm, suggest a positive outlook. The Q&A indicates analyst confidence in future growth, leading to a positive stock price prediction.