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Technology Stocks : Sequans Stock Discussion

SQNS 7.770

-0.6%

Oct 29 3:59 PM EDT

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To: FJB who wrote (211)

2/8/2022 6:38:38 AM

From: JCnieuwenj

1 Recommendation

Recommended By
FJB

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Not really sure whether this is good news or not. At least not really bad, I think.

Q1 2021 was 12.3M with an operating loss of 5.8M, including the Jetack.

If Q1 2022 ends up at 14M with a op. loss of 3.5M, without the Jetpack, feels like it will be enough for every investor to wait another quarter for this company to break out...

Fourth Quarter and Full Year 2021 Summary Results Table:

(in US$ millions, except share and per share data)	Q4 2021	Q3 2021	Q4 2020	Full year 2021	Full year 2020
Revenue	$13.8	$11.9	$15.8	$50.9	$50.9
Gross profit	7.9	5.8	7.1	27.2	23.5
Gross margin (%)	57.1 %	49.2 %	45.1 %	53.4 %	46.1 %
Operating loss	(4.0)	(5.1)	(5.4)	(18.3)	(24.7)
Net Profit (Loss)	(7.7)	0.2	(11.3)	(20.3)	(54.5)
Diluted earnings (loss) per ADS	($0.21)	$—	($0.36)	($0.55)	($1.94)
Non-IFRS diluted earnings per ADS *	($0.09)	($0.14)	($0.28)	($0.53)	($1.17)

Taking into consideration current customer demand and expectations for component availability, management is targeting revenues to be flat for the quarter ending March 31, 2022, despite the historically seasonally lower activity in the first quarter, with a lower operating loss.

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