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Technology Stocks : Sequans Communications
SQNS 7.630-1.8%Oct 30 3:59 PM EDT
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To: FJB who wrote (2270)4/27/2021 2:41:31 PM
From: FJB2 Recommendations

Recommended By
frmrVZguy
JCnieuwenj

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Since the beginning of 2021, Sequans has seen momentum in our sales funnel. Our 3-year lifetime product revenue pipeline rose by 20% to $600 million during the first quarter, which included a similar increase in design wins growing to $240 million. Massive IoT represents 80% of this funnel as it is currently the main growth driver of our business. We also had growth in the quarter from CBRS business, and we continue expecting CBRS to become an important portion of our Broadband IoT business. Note that this pipeline does not include services revenue generated mainly by our large 5G strategic deal and Vertical business that continues to develop.

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