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Technology Stocks : Sequans Stock Discussion

SQNS 6.210

+4.0%

3:59 PM EST

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From: GaryMi	8/12/2020 5:49:21 PM
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Notes from Sequans presentation at the Canaccord Genuity today (8/12/20) Ahead of plan with Broadband. Projecting continuing strong demand in Q4 with Verizon hotspot. Growth in emerging markets with new products going to mass production (deals closed last year). Started shipping in Q3. CBRS: More than a dozen customers have selected Sequans CBRS solution. Expect product shipments in Q3 and Q4. Very hard to estimate because of the fragmented nature of its use (campus vs nationwide carrier). G.K. "Easily $1M+/quarter". Getting more Cat-4 opportunities as large carriers no longer require 3G fallback. Working on 2 big Cat-4 deals, one in US and one in Asia. 5G: Sampling next year, mass production in 2022. G.K. Claims no-one is focussing on 5G chips for routers. Believes it can be $100M+/year business for Sequans and will ramp quickly. Unique situation where customer has committed to a product 3 years before shipment (referring to their strategic partner). Broadband will double year/year (2020/2019) G.K. blames long value chain to blame for slow development of Cat-M. Comcast security system shipping 1/2 million annually. Another in Japan with similar order of magnitude. Cat-M growth in 2020 at least 2-3 times over 2019. Predicts similar for 2021. Only player with second generation chip. Qualcomm solution is not very optimized for power. Cat-1 may be below projection this year because of Covid and slowness in the automotive market. Number of customers waiting for new Calliope chip to start proof of concepts. Sees Cat-1 with new Calliope in the wearables market where streaming is involved. Financial Q2 $35M+ in cash. Comfortable this allows cash flow break-even. Targeting mid 2021. You can find the whole thing here but you have to register. wsw.com

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