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Technology Stocks : Sequans Communications -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (2239)	2/11/2021 12:56:01 PM
From: FJB	1 Recommendation Recommended By frmrVZguy Read Replies (1) \| Respond to 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.