Sequans to Host Virtual Analyst/Investor Event Webcast Today and Reaffirm Fourth Quarter 2020 Guidance
January 08 2021 - 6:00AM
Business Wire
Sequans Communications S.A. (NYSE: SQNS), leading developer and
provider of 5G and 4G chips and modules for IoT, will host a
virtual analyst/investor event today at 9:00 a.m. Eastern Time.
The virtual event will feature presentations from Georges Karam,
CEO, and Deborah Choate, CFO. A question-and-answer session will
follow the presentation.
During the presentation, the company will reaffirm its current
guidance for the fourth quarter of 2020, which is a sequential
increase in revenue of at least 10% from the $14.1 million reported
for the third quarter ended September 30, 2020. This guidance
represents an increase in revenue for the full year 2020 of more
than 60% compared to 2019.
Webcast
The webcast will begin at 9:00 a.m. EST and can be accessed at:
www.sequans.com/investors/webcasts-and-presentations/
To access the site and register for the event, participants
should allow several minutes before the start time.
About Sequans
Sequans Communications S.A. (NYSE: SQNS) is a leading developer
and provider of 5G and 4G chips and modules for massive, broadband,
and critical IoT. For 5G/4G massive IoT applications, Sequans
provides a comprehensive product portfolio based on its flagship
Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring
industry-leading low power consumption, a large set of integrated
functionalities, and global deployment capability. For 5G/4G
broadband and critical IoT applications, Sequans offers a product
portfolio based on its Cassiopeia Cat 4/Cat 6 4G and high-end
Taurus 5G chip platforms, optimized for low-cost residential,
enterprise, and industrial applications. Founded in 2003, Sequans
is based in Paris, France with additional offices in the United
States, United Kingdom, Israel, Finland, Hong Kong, Singapore,
Taiwan, South Korea, and China. Visit Sequans online at
www.sequans.com.
Forward Looking Statements
This press release contains projections and other
forward-looking statements regarding future events or our future
financial performance and potential financing sources. All
statements other than present and historical facts and conditions
contained in this release, including any statements regarding
expected revenue for the fourth quarter of 2020, future revenue
potential, results of operations and financial positions, business
strategy and plans, expectations for Massive IoT and Broadband and
Critical IoT sales, the ability to continue to operate remotely (as
required) at high levels of productivity, increasing backlog of
orders, the impact of the coronavirus on our manufacturing
operations, and on customer demand, and our objectives for future
operations, are forward-looking statements (within the meaning of
the Private Securities Litigation Reform Act of 1995, Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended). These statements are
only predictions and reflect our current beliefs and expectations
with respect to future events and are based on assumptions and
subject to risk and uncertainties and subject to change at any
time. We operate in a very competitive and rapidly changing
environment. New risks emerge from time to time. Given these risks
and uncertainties, you should not rely on or place undue reliance
on these forward-looking statements. Actual events or results may
differ materially from those contained in the projections or
forward-looking statements. Except as required by law, we assume no
obligation to update any forward-looking statements publicly,
whether as a result of new information, future events or otherwise.
In addition to the risk factors contained in our Form 20-F for the
fiscal year ended December 31, 2019, some of the factors that could
cause actual results to differ materially from the forward-looking
statements contained herein include, without limitation: (i) the
contraction or lack of growth of markets in which we compete and in
which our products are sold, (ii) unexpected increases in our
expenses, including manufacturing expenses, (iii) our inability to
adjust spending quickly enough to offset any unexpected revenue
shortfall, (iv) delays or cancellations in spending by our
customers, (v) unexpected average selling price reductions, (vi)
the significant fluctuation to which our quarterly revenue and
operating results are subject due to cyclicality in the wireless
communications industry and transitions to new process
technologies, (vii) our inability to anticipate the future market
demands and future needs of our customers, (viii) our inability to
achieve new design wins or for design wins to result in shipments
of our products at levels and in the timeframes we currently
expect, (ix) our inability to enter into and execute on strategic
alliances, (x) our ability to meet performance milestones under
strategic license agreements, (xi) the impact of natural disasters
on our sourcing operations and supply chain, (xii) our ability to
remediate material weaknesses in our internal controls relating to
controls over the accounting and presentation of complex,
non-routine and certain other transactions, including certain
revenue arrangements, (xiii) the impact of the coronavirus on the
ability to operate our business and research, production of our
products or demand for our products by customers whose supply chain
is impacted or whose operations have been impacted by government
shelter-in-place or similar orders, (xiv) the impact of the
coronavirus on capital markets and our ability to raise debt and
equity financing, and (xv) other factors detailed in documents we
file from time to time with the Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20210108005048/en/
Sequans media relations: Kimberly Tassin (USA), +1.425.736.0569,
kimberly@sequans.com Sequans investor relations: Claudia Gatlin
(USA), +1 212.830.9080, claudia@sequans.com
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