Sequans Communications S.A. announced preliminary financial results for the second quarter ended June 30, 2025, with total revenue of $8.1 million. This represents a 1.1% increase compared to Q1 2025 but a 15.8% decrease year-over-year.
Product revenue for Q2 2025 increased 10.3% sequentially to $3.9 million, and 59.0% year-over-year. The company reported an operating loss of $8.7 million, reflecting non-recurring items such as restructuring costs and advisory fees related to major transactions.
Sequans successfully deployed the net proceeds from its $384 million financing, completed on July 7, to acquire 3,072 Bitcoin. Cash and cash equivalents at June 30, 2025, totaled $41.6 million, excluding the $358.5 million net proceeds from the private placements.
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