Bitcoin treasury firm Sequans misses Q3 revenue estimates

Sequans Communications SA

04/11/2025 11:18

Overview

Sequans Q3 revenue falls 57.5% yr/yr, missing analyst expectations

Adjusted EPS for Q3 beats consensus, despite a net loss

Company reduces debt by leveraging Bitcoin holdings, supporting share buyback

Outlook

Sequans expects IoT business to ramp in Q4 2025 with better visibility into 2026

Company's three-year revenue design win pipeline increased to $300 mln

Sequans remains committed to Bitcoin treasury strategy for long-term value

Result Drivers

BITCOIN STRATEGY - Co leveraged Bitcoin holdings to reduce debt and support share buyback program, enhancing financial flexibility

IOT PIPELINE GROWTH - Co's IoT product business strengthened with a three-year revenue design win pipeline increase to $300 mln

REVENUE DECLINE - Q3 revenue decreased 57.5% yr/yr due to lower high-margin license revenue from Qualcomm

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$4.3 mln
$6.26 mln (3 Analysts)
Q3 Adjusted EPS
Beat
-$0.79
-$1.30 (3 Analysts)
Q3 Net Income
-$6.70 mln
Q3 Gross Margin
40.90%
Q3 Operating Income
-$20.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Sequans Communications SA is $35.00, about 79.7% above its November 3 closing price of $7.10

Press Release: ID:nNFC2WW25J

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)