Sequans Communications S.A. (SQNS) has seen a decline of 5.5% in the aftermarket. However, the last trading session concluded at $4.73 with an increase of 1.5%.
New qastle Smart Alarm Controller
On 21st October 2021, SQNS announced that it has released the LTE-enabled qastle Smart AlarmTM Controller. It enables a DIY homeowner to consider upgrading their wired alarm to a smart wired alarm system. This is done by merely replacing the current alarm system control panel with the qastle Smart Alarm Controller while keeping all of their wired network sensors and devices. The qastle Smart Alarm Controller connects to cellular IoT networks using Sequans’ Monarch Go LTE-M/NB-IoT modem component. Monarch Go is a Verizon-certified all-in-one connection solution that includes the modem, an optimized antenna, and a Verizon SIM.
New JACS TR0820 Semi-Ruggedized Enterprise Tablet
SQNS announced the development of a new 4G LTE semi-ruggedized tablet on 19th October 2021. It is based on Sequans’ Cassiopeia CBRS module, which will connect to private LTE networks deployed by businesses, governmental entities, academic facilities, and industrial sites. Moreover, CBRS (citizens’ broadband radio service) refers to a 3.5 GHz spectrum block given for public use by the FCC. It allows businesses to create their own commercial LTE networks on a common spectrum basis.
Furthermore, the LTE connectivity offered by Sequans’ Cassiopeia CBRS module provides LTE CAT 4 or 6 data speed. This is the highest cost-effective level of throughput for these sorts of use cases. Lastly, it may be utilized for each of these cases, allowing the JACS TR0820 tablet to be used for each of these use cases.
Second Quarter 2021 Results by SQNS
SQNS reported second-quarter 2021 results on 3 August 2021. The second quarter’s revenue was $12.9 million, up 4.4 percent from the first quarter of 2021. The rise from the first quarter was largely attributable to increasing Massive IoT and Vertical services revenues. Moreover, the gross profit was $7.3 million, up from $6.2 million in the first quarter. The second quarter of 2021 had a gross margin of 56.6 percent, up from 50.1 percent in the first quarter and 48.3 percent in the second quarter of 2020. The rise in gross margin was mainly attributable to a change in revenue mix, with more service revenue. In addition, there was a sequential improvement in operating loss as well. It was principally attributable to a greater gross profit margin on higher sales while operating expenditures in the second quarter of 2021 benefited from a $1.2 million one-time net reduction.
