Sequans Communications Preliminary Q2 Results: Revenues Total $9.7M Higher Than $9.2M YoY; Non-IFRS Diluted Loss Per ADS Was $(0.09) Compared With $(0.10) YoY
Portfolio Pulse from Benzinga Newsdesk
Sequans Communications reported preliminary Q2 results with revenues of $9.7 million, higher than the $9.2 million from the previous year. The non-IFRS diluted loss per ADS improved to $(0.09) from $(0.10) year-over-year.
August 23, 2024 | 10:11 am
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Sequans Communications' preliminary Q2 results show a revenue increase to $9.7M from $9.2M YoY, and an improved non-IFRS diluted loss per ADS of $(0.09) compared to $(0.10) YoY.
The increase in revenue and the improvement in non-IFRS diluted loss per ADS are positive indicators for Sequans Communications. These results suggest better financial performance compared to the previous year, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100