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Technology Stocks : Sequans Communications
SQNS 7.340-3.5%Oct 31 9:30 AM EST
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To: JCnieuwenj who wrote (2126)10/27/2020 6:18:12 AM
From: FJB1 Recommendation

Recommended By
JCnieuwenj

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THEY FINALLY BEAT ON RESULTS AND FORECAST...

Tue, October 27, 2020, 5:00 AM CDT

Revenue: Revenue was $14.1 million, an increase of 15.5% compared to the second quarter of 2020 and an increase of 116.6% compared to the third quarter of 2019.

Sequans is targeting a sequential increase in revenue of 10% for the fourth quarter of 2020, which would cause revenue for 2020 to be more than 60% greater than the revenue for 2019. The backlog of orders and indications regarding customer demand support this goal, but the company also sees ongoing risks related to COVID-19. <- JUST EUROPEAN COWARDICE OF CHINA VIRUS.

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