SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Sequans Communications
SQNS 7.340-3.5%Oct 31 9:30 AM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
frmrVZguy
To: FJB who wrote (2239)2/11/2021 12:56:01 PM
From: FJB1 Recommendation  Read Replies (1) of 2386
 
Georges Karam

And on the vertical question, yes indeed, the satellite deal we are -- we remain very bullish and I could say things are accelerating every day and we feel like 99.9% deal done. Obviously, nothing is done before official award, so we're waiting for official award. And amount of this project remains, as I said, it's a project where it has a service component that will go over almost two years, with more than $12 million, with some upfront, obviously strong upfront and every quarter we'll have some cash and if you look to the cash, but revenue wise, we'll be recognizing this over around two years. And in addition, after those two years, we enter into the production phase, we'll have product revenue for almost 10 years, after this that could go up to $1 million per year. So it's a big deal.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext