Sequans Q4 Revenue Tops Consensus; Supply Chain Issues Lead to Flat Q1 Outlook

Headquarter of the France-based fabless company Sequans Communications in Wokingham, United Kingdom, in October 2018. Google Maps/Screenshot via The Epoch Times

Sequans Communications SA. reported a fourth-quarter FY21 revenue decline of 12.5 percent year-on-year to $13.8 million, beating the consensus of $13.7 million.

Product revenue declined 42.6 percent Y/Y to $6.9 million, and Services and license revenue rose 84.8 percent to $6.9 million.