Brief: Sequans Communications SA - Preliminary Q4 2018 Revenue Was $6.1 Million

Sequans Communications SA

19/02/2019 11:37

Feb 19 (Reuters) - Sequans Communications SA  SQNS.N :
    * SEQUANS COMMUNICATIONS ANNOUNCES PRELIMINARY FOURTH
QUARTER 2018
AND FULL YEAR 2018 FINANCIAL RESULTS
    * PRELIMINARY Q4 2018 REVENUE WAS $6.1 MILLION
    * Q4 GROSS MARGIN WAS 46.9% COMPARED TO 35.0% IN Q3 OF 2018
    * Q4 PRELIMINARY NET LOSS WAS $10.2 MILLION, OR $0.11 PER
DILUTED
SHARE/ADS
    * Q4 EARNINGS PER SHARE VIEW $-0.08, REVENUE VIEW $10.4
MILLION --
REFINITIV IBES DATA
    * EXPECTS RESULTS TO IMPROVE SIGNIFICANTLY IN Q1 FROM LOW
LEVEL OF
Q4
    * HAS DECIDED NOT TO PROVIDE DETAILED QUARTERLY GUIDANCE
UNTIL
VISIBILITY ON LTE-M MARKET IMPROVES
    * CONTINUES TO EXPECT QUARTERLY RESULTS TO IMPROVE
SEQUENTIALLY
THROUGHOUT 2019

Source text for Eikon:  ID:nBwbVmRw6a 
Further company coverage:  SQNS.N 

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