Bitcoin price today: slips below $113k, near 6-wk low despite Fed cut bets
PARIS - Sequans Communications S.A. (NYSE:SQNS) reported Thursday that its second quarter revenue remained flat at $8.1 million compared to the first quarter of 2025, while declining 15.8% year-over-year from $9.7 million. According to InvestingPro data, the company’s market capitalization stands at $192.67 million, with the stock trading near its Fair Value despite falling 37% in the past week.
The company, which provides cellular IoT semiconductor solutions, posted a net loss of $9.1 million, or $0.36 per diluted ADS, compared to a net loss of $7.3 million in the previous quarter and $0.6 million in the same period last year. InvestingPro analysis reveals 10+ additional insights about SQNS’s financial health, including its strong balance sheet with more cash than debt.
Product revenue increased 10.3% quarter-over-quarter to $3.9 million, while license and services revenue declined to $4.3 million from $4.5 million in the first quarter.
The company’s gross margin remained stable at 64.4%, compared to 64.5% in the previous quarter, but decreased significantly from 84.0% in the second quarter of 2024.
"Sequans has successfully deployed the net proceeds from the $384 million financing completed on July 7 to launch its Bitcoin Treasury strategy, resulting in the initial acquisition of 3,072 Bitcoin," said Dr. Georges Karam, CEO of Sequans, according to the press release. The company maintains a healthy current ratio of 1.94, indicating strong liquidity to support its new strategic direction.
The company’s cash position stood at $41.6 million as of June 30, down from $45.9 million at the end of March. This figure excludes the $358.5 million net proceeds from private placements completed on July 7, 2025.
Sequans noted that its operating loss of $8.7 million reflected non-recurring items including restructuring costs and advisory fees related to major transactions. The company aims to achieve breakeven operating income in its IoT business by 2026.
The company stated it will begin reporting Bitcoin key performance indicators starting with the third quarter of 2025 results. For deeper insights into SQNS’s financial metrics and future prospects, investors can access the comprehensive Pro Research Report available exclusively on InvestingPro, covering over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Sequans Communications has made significant strides in its Bitcoin holdings. The company announced the acquisition of an additional 755 bitcoins for approximately $88.5 million, bringing its total to 3,072 bitcoins. This investment represents a total expenditure of around $358.5 million, with an average acquisition price of $116,690 per bitcoin. In a strategic move, Sequans has partnered with Swan Bitcoin for its Bitcoin Treasury Management, positioning itself as the 21st largest publicly traded corporate Bitcoin holder globally. Additionally, Sequans unveiled its new Iris RF Integrated Transceivers, designed for software-defined radio applications across various sectors, including defense and 5G systems. The Iris SQN9506 transceiver boasts an ultra-wide frequency range and supports high channel density. These developments highlight Sequans’ proactive approach in both its financial strategy and product innovation.
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