Sequans Communications S.A. announced preliminary financial results for the first quarter ended March 31, 2025, with total revenue reaching $8.1 million. This figure was above the high end of the company's guidance range.
Product revenue for Q1 2025 increased 42.2% year-over-year to $3.5 million, driven by momentum in Monarch 2 projects and Calliope 2 pre-production shipments. Licensing and services revenue was $4.5 million, primarily from the Qualcomm 5G broadband platform license.
The company reported a net loss of $7.3 million, or ($0.29) per diluted ADS, and non-IFRS operating expenses declined to $11 million from $12.5 million in Q4 2024. Sequans' total 3-year revenue pipeline expanded to approximately $480 million, with over half representing design-wins.
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