NYSE : SQNS
Sequans Communications S.A. — Financial statements
Technology · Semiconductors · France
Last price 2.5 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 38.13M
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Financial statements
Sequans Communications S.A. (SQNS) reported revenue of 23.64M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 23.64M | 26.32M | 36.83M | 33.62M | 60.55M | 50.88M |
| Revenue | 23.64M | 26.32M | 36.83M | 33.62M | 60.55M | 50.88M |
| Cost of Revenue | 15.23M | 12.21M | 9.09M | 9.48M | 17.67M | 23.69M |
| Gross Profit | 8.42M | 14.11M | 27.74M | 24.14M | 42.88M | 27.19M |
| Selling, General & Admin | 19.37M | 20.61M | 26.18M | 27.85M | 20.11M | 19.09M |
| Research & Development | 30.38M | 31.18M | 28.53M | 26.12M | 26.61M | 27.61M |
| Other Operating Expenses | 74.22M | 74.22M | ||||
| Operating Expenses | 123.97M | 126.00M | 54.70M | 53.98M | 46.72M | 46.71M |
| Operating Income | -115.55M | -111.89M | -26.96M | -29.84M | -3.84M | -19.52M |
| Interest Expense | -19.74M | -12.50M | -23.73M | -11.41M | -10.93M | -11.33M |
| Interest & Investment Income | 895.00K | 1.40M | 850.00K | 176.00K | 68.00K | 47.00K |
| Currency Exchange Gain (Loss) | -99.00K | -1.11M | 494.00K | -692.00K | 1.08M | 938.00K |
| Other Non Operating Income (Expenses) | 49.39M | 45.00M | 3.00K | 3.20M | 6.88M | 3.85M |
| EBT Excluding Unusual Items | -85.10M | -79.10M | -49.34M | -38.56M | -6.74M | -26.02M |
| Gain (Loss) on Sale of Assets | 153.13M | |||||
| Asset Writedown | -32.34M | -56.63M | ||||
| Other Unusual Items | -60.85M | -29.35M | 13.95M | 247.00K | 476.00K | 6.38M |
| Pretax Income | -178.29M | -108.45M | 61.10M | -38.32M | -6.26M | -19.64M |
| Income Tax Expense | 755.00K | 832.00K | 3.54M | 2.67M | 2.75M | 625.00K |
| Net Income | -179.04M | -109.28M | 57.57M | -40.99M | -9.01M | -20.26M |
| Net Income to Common | -179.04M | -109.28M | 57.57M | -40.99M | -9.01M | -20.26M |
| Shares Outstanding (Basic) | 8.73M | 8.67M | 2.48M | 2.25M | 1.85M | 1.47M |
| Shares Outstanding (Diluted) | 8.73M | 8.67M | 2.84M | 2.25M | 1.85M | 1.47M |
| EPS (Basic) | -20.50 | -12.60 | 23.19 | -18.20 | -4.88 | -13.81 |
| EPS (Diluted) | -20.90 | -13.00 | 20.00 | -18.20 | -5.00 | -14.00 |
| Free Cash Flow | -40.86M | -28.66M | -22.83M | -12.72M | -9.01M | -18.05M |
| Free Cash Flow Per Share | -4.68 | -3.30 | -8.04 | -5.65 | -4.88 | -12.30 |
| Gross Margin | 35.60% | 53.61% | 75.31% | 71.81% | 70.82% | 53.44% |
| Operating Margin | -488.76% | -425.04% | -73.21% | -88.76% | -6.34% | -38.36% |
| Profit Margin | -757.31% | -415.12% | 156.30% | -121.94% | -14.88% | -39.83% |
| Free Cash Flow Margin | -172.82% | -108.87% | -61.98% | -37.83% | -14.88% | -35.47% |
| EBITDA | -111.25M | -107.21M | -22.96M | -22.47M | 4.37M | -12.83M |
| EBITDA Margin | -62.34% | -66.84% | 7.21% | -25.22% | ||
| D&A For EBITDA | 4.31M | 4.68M | 4.00M | 7.37M | 8.21M | 6.69M |
| EBIT | -115.55M | -111.89M | -26.96M | -29.84M | -3.84M | -19.52M |
| EBIT Margin | -73.21% | -88.76% | -6.34% | -38.36% | ||
| Effective Tax Rate | 5.79% | |||||
| Revenue as Reported | 60.55M | 50.88M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 20.97M | 13.39M | 9.09M | 5.71M | 5.67M | 4.83M |
| Short-Term Investments | 53.00M | 5.00M | ||||
| Cash & Short-Term Investments | 20.97M | 13.39M | 62.09M | 5.71M | 10.67M | 4.83M |
| Accounts Receivable | 5.26M | 3.38M | 4.93M | 8.61M | 8.67M | 14.41M |
| Other Receivables | 13.65M | 11.85M | 21.68M | 14.82M | 10.31M | 13.12M |
| Receivables | 18.91M | 15.23M | 26.61M | 23.43M | 18.98M | 27.53M |
| Inventory | 4.01M | 3.93M | 2.87M | 6.33M | 9.39M | 6.43M |
| Prepaid Expenses | 2.55M | 2.56M | 1.41M | 1.42M | 1.40M | 2.11M |
| Total Current Assets | 46.45M | 35.11M | 92.98M | 36.90M | 40.44M | 40.90M |
| Property, Plant & Equipment | 3.82M | 4.30M | 4.31M | 6.82M | 8.49M | 8.01M |
| Long-Term Investments | 397.00K | |||||
| Goodwill | 3.68M | 3.68M | ||||
| Other Intangible Assets | 8.26M | 8.18M | 5.36M | 4.00M | 8.09M | 8.60M |
| Long-Term Deferred Charges | 340.00K | 281.00K | 60.30M | 40.62M | 29.39M | |
| Other Long-Term Assets | 21.01M | 191.97M | 3.60M | 1.16M | 1.12M | 2.67M |
| Total Assets | 83.62M | 243.58M | 106.53M | 109.17M | 98.75M | 89.56M |
| Accounts Payable | 10.03M | 10.08M | 6.11M | 16.28M | 9.34M | 13.92M |
| Accrued Expenses | 6.26M | 8.15M | 7.38M | 7.50M | 7.99M | |
| Short-Term Debt | 3.74M | 18.47M | 7.72M | 9.52M | ||
| Current Portion of Long-Term Debt | 57.40M | 1.80M | 54.01M | 1.95M | 1.83M | |
| Current Portion of Leases | 73.00K | 601.00K | 1.44M | 1.47M | 1.29M | 1.25M |
| Current Income Taxes Payable | 3.05M | 3.12M | 2.83M | |||
| Current Unearned Revenue | 9.55M | 11.53M | 15.08M | 8.73M | 8.17M | 13.05M |
| Other Current Liabilities | 10.76M | 15.62M | 3.03M | 1.52M | 858.00K | 1.19M |
| Total Current Liabilities | 33.46M | 104.62M | 42.17M | 107.86M | 36.83M | 48.74M |
| Long-Term Debt | 616.00K | 173.00K | 44.88M | 39.46M | ||
| Long-Term Leases | 1.23M | 1.23M | 333.00K | 1.65M | 2.28M | 3.37M |
| Long-Term Unearned Revenue | 4.63M | 6.45M | 6.48M | 3.08M | 5.21M | 7.57M |
| Pension & Post-Retirement Benefits | 764.00K | 705.00K | 806.00K | |||
| Long-Term Deferred Tax Liabilities | 127.00K | 129.00K | 173.00K | 264.00K | 258.00K | 138.00K |
| Other Long-Term Liabilities | 2.46M | 3.47M | 1.40M | 1.46M | 6.48M | 13.79M |
| Total Liabilities | 41.91M | 115.90M | 51.17M | 115.24M | 96.65M | 113.87M |
| Common Stock | 17.86M | 18.72M | 2.93M | 2.88M | 2.31M | 3.69M |
| Additional Paid-In Capital | 177.17M | 185.60M | 14.51M | 14.57M | 2.42M | 298.39M |
| Retained Earnings | -231.06M | -145.07M | -35.80M | -93.36M | -65.10M | -383.55M |
| Treasury Stock | -933.00K | -9.36M | ||||
| Comprehensive Income & Other | 78.68M | 77.80M | 73.71M | 69.84M | 62.48M | 57.17M |
| Shareholders' Equity | 41.71M | 127.68M | 55.36M | -6.07M | 2.10M | -24.31M |
| Total Liabilities & Equity | 83.62M | 243.58M | 106.53M | 109.17M | 98.75M | 89.56M |
| Total Debt | 1.30M | 59.23M | 7.93M | 75.76M | 58.12M | 55.43M |
| Net Cash (Debt) | 19.67M | -45.84M | 54.16M | -70.06M | -47.45M | -50.59M |
| Net Cash Per Share | 2.25 | -5.29 | 19.07 | -31.11 | -25.71 | -34.49 |
| Filing Date Shares Outstanding | 15.25M | 15.23M | 2.54M | 2.48M | 1.94M | 1.87M |
| Total Common Shares Outstanding | 15.25M | 14.48M | 2.51M | 2.46M | 1.93M | 1.51M |
| Working Capital | 12.99M | -69.51M | 50.81M | -70.96M | 3.61M | -7.84M |
| Book Value Per Share | 2.74 | 8.82 | 22.02 | -2.47 | 1.09 | -16.05 |
| Tangible Book Value | 29.78M | 115.82M | 50.00M | -10.07M | -5.98M | -32.91M |
| Tangible Book Value Per Share | 1.95 | 8.00 | 19.89 | -4.09 | -3.09 | -21.73 |
| Machinery | 39.98M | 38.72M | 38.92M | 36.77M | 33.18M | |
| Leasehold Improvements | 1.43M | 1.42M | 1.50M | 1.42M | 1.44M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -179.04M | -109.28M | 57.57M | -40.99M | -9.01M | -20.26M |
| Depreciation & Amortization | 5.29M | 5.66M | 5.21M | 8.59M | 9.44M | 7.95M |
| Other Amortization | 61.00K | 61.00K | 2.21M | 2.64M | 2.58M | 2.46M |
| Loss (Gain) From Sale of Assets | -3.00K | 12.00K | -157.09M | 24.00K | 48.00K | |
| Asset Writedown & Restructuring Costs | 32.34M | 56.63M | 711.00K | 3.00K | 148.00K | |
| Stock-Based Compensation | 2.06M | 3.01M | 4.09M | 7.10M | 5.48M | 5.13M |
| Provision & Write-off of Bad Debts | 65.00K | |||||
| Other Operating Activities | 99.85M | 66.38M | 11.87M | 8.90M | 3.10M | 1.97M |
| Change in Accounts Receivable | 2.44M | 8.19M | 3.64M | -41.00K | 6.66M | 1.37M |
| Change in Inventory | 607.00K | -1.27M | 3.14M | 3.05M | -2.95M | -208.00K |
| Change in Accounts Payable | 2.88M | 4.20M | -13.08M | 7.25M | -6.97M | 4.69M |
| Change in Unearned Revenue | -2.34M | -1.39M | 8.39M | -1.28M | -8.63M | -8.18M |
| Change in Other Net Operating Assets | -1.27M | -1.99M | -2.08M | -3.20M | -1.56M | -3.68M |
| Operating Cash Flow | -37.13M | -26.42M | -19.51M | -7.26M | -1.84M | -8.51M |
| Capital Expenditures | -3.73M | -2.24M | -3.32M | -5.46M | -7.17M | -9.54M |
| Sale of Property, Plant & Equipment | 165.61M | |||||
| Cash Acquisitions | -376.00K | -2.82M | ||||
| Sale (Purchase) of Intangibles | -16.43M | -24.11M | -15.49M | -19.38M | ||
| Investment in Securities | 23.62M | 53.37M | -53.03M | 4.96M | -3.45M | 9.21M |
| Other Investing Activities | -130.12M | -259.27M | 850.00K | 176.00K | 68.00K | 47.00K |
| Investing Cash Flow | -110.60M | -210.96M | 93.69M | -24.44M | -26.05M | -19.67M |
| Short-Term Debt Issued | 17.33M | 10.48M | 3.05M | 21.00K | ||
| Long-Term Debt Issued | 175.52M | 934.00K | 545.00K | 39.68M | ||
| Total Debt Issued | 174.40M | 175.52M | 18.26M | 11.03M | 3.05M | 39.70M |
| Short-Term Debt Repaid | -3.74M | |||||
| Long-Term Debt Repaid | -104.52M | -82.46M | -3.39M | -2.98M | -18.95M | |
| Lease Payments | -1.34M | -1.59M | -1.51M | -1.32M | -1.21M | -1.06M |
| Total Debt Repaid | -198.09M | -108.26M | -82.46M | -3.39M | -2.98M | -18.95M |
| Net Debt Issued (Repaid) | -23.69M | 67.27M | -64.20M | 7.64M | 71.00K | 20.75M |
| Issuance of Common Stock | 184.73M | 184.66M | 25.45M | 30.11M | 9.99M | |
| Repurchase of Common Stock | -10.30M | -9.36M | ||||
| Other Financing Activities | -747.00K | -1.03M | -6.59M | -1.36M | -1.47M | -5.31M |
| Financing Cash Flow | 150.00M | 241.53M | -70.79M | 31.74M | 28.71M | 25.43M |
| Foreign Exchange Rate Adjustments | 104.00K | 137.00K | -4.00K | 7.00K | 4.00K | |
| Net Cash Flow | 2.37M | 4.29M | 3.39M | 34.00K | 836.00K | -2.74M |
| Free Cash Flow | -40.86M | -28.66M | -22.83M | -12.72M | -9.01M | -18.05M |
| Free Cash Flow Margin | -172.82% | -108.87% | -61.98% | -37.83% | -14.88% | -35.47% |
| Free Cash Flow Per Share | -4.68 | -3.30 | -8.04 | -5.65 | -4.88 | -12.30 |
| Levered Free Cash Flow | -77.96M | -50.66M | -38.35M | -30.39M | -18.39M | -38.67M |
| Unlevered Free Cash Flow | -65.63M | -42.85M | -23.52M | -23.26M | -11.56M | -31.59M |
| Free Cash Flow After Leases | -42.20M | -30.25M | -24.34M | -14.04M | -10.21M | -19.11M |
| Cash Interest Paid | 747.00K | 1.03M | 6.59M | 1.36M | 1.47M | 5.31M |
| Cash Income Tax Paid | 809.00K | 679.00K | 753.00K | 2.20M | 2.96M | 346.00K |
| Change in Working Capital | 2.31M | 7.74M | 15.00K | 5.78M | -13.45M | -6.01M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 38.13M | 70.01M | 87.23M | 172.32M | 159.12M | 177.60M |
| Enterprise Value | 18.46M | 174.32M | 4.61M | 225.13M | 208.14M | 211.41M |
| Last Close Price | 2.50 | 4.49 | 34.90 | 70.75 | 83.00 | 118.50 |
| PE Ratio | 1.51 | |||||
| PS Ratio | 1.61 | 2.66 | 2.37 | 5.13 | 2.63 | 3.49 |
| PB Ratio | 0.91 | 0.55 | 1.58 | -28.38 | 75.63 | -7.31 |
| P/TBV Ratio | 1.28 | 0.60 | 1.75 | |||
| EV/Sales Ratio | 0.78 | 6.62 | 0.12 | 6.70 | 3.44 | 4.16 |
| EV/EBITDA Ratio | 47.65 | |||||
| Debt / Equity Ratio | 0.03 | 0.46 | 0.14 | -12.48 | 27.63 | -2.28 |
| Debt / EBITDA Ratio | 10.38 | |||||
| Net Debt / Equity Ratio | -0.47 | 0.36 | -0.98 | -11.54 | 22.55 | -2.08 |
| Net Debt / EBITDA Ratio | 0.18 | -0.43 | 2.36 | -3.12 | 10.86 | -3.94 |
| Net Debt / FCF Ratio | 0.48 | -1.60 | 2.37 | -5.51 | -5.27 | -2.80 |
| Asset Turnover | 0.28 | 0.15 | 0.34 | 0.32 | 0.64 | 0.58 |
| Inventory Turnover | 4.42 | 3.59 | 1.98 | 1.21 | 2.23 | 3.74 |
| Quick Ratio | 1.19 | 0.27 | 2.10 | 0.27 | 0.81 | 0.66 |
| Current Ratio | 1.39 | 0.34 | 2.21 | 0.34 | 1.10 | 0.84 |
| Return on Equity (ROE) | -430.49% | -119.41% | 233.59% | |||
| Return on Assets (ROA) | -84.02% | -39.95% | -15.62% | -17.94% | -2.55% | -13.81% |
| Return on Invested Capital (ROIC) | -171.68% | -64.48% | -117.30% | -8.49% | -59.65% | |
| Return on Capital Employed (ROCE) | -230.40% | -80.50% | -41.90% | -2,267.30% | -6.20% | -47.80% |
| Earnings Yield | -835.90% | -156.09% | 66.00% | -23.79% | -5.66% | -11.41% |
| FCF Yield | -107.16% | -40.94% | -26.17% | -7.38% | -5.66% | -10.16% |
| Buyback Yield / Dilution | -207.23% | -205.39% | -26.13% | -21.99% | -25.83% | -30.47% |