olivLaw · US equity research
Sequans Communications S.A. SQNS
Semiconductors & Related Devices · SIC 3674 · Vertical: Semiconductors & Related Devices (SIC 3674)
Sequans Communications designs and supplies fabless semiconductor solutions, mainly for cellular IoT, and in 2025 reshaped its strategy through the ACP acquisition and the sale of its 4G technology to Qualcomm. The company is in a transition phase, with revenue declining and results increasingly influenced by its Bitcoin treasury. Total revenue for 2025 was 26.3 mn USD, and the net loss was 109.3 mn USD.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Sequans Communications S.A. (SQNS) stock was 2.67 USD (−2.91% on the day), with market capitalisation 4.3 bn USD, P/E 13.4 on diluted EPS of 0.20 USD over the last 12 months, beta 1.53, 52-week range 2.41–6.75 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 52.8
- neutral
- Bollinger (20, 2)
- 2.34 – 2.79
- in the upper half of the band · %B 0.73 · band width 17.6%
- SMA 50 / 200
- 2.75 / 3.15
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.04 / -0.07
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −2.6% | −1.1% | −1.5 pp | — |
| 3 months | −3.3% | −0.5% | −2.8 pp | — |
| 6 months | −20.8% | +4.4% | −25.2 pp | — |
| Year to date | −40.5% | +12.3% | −52.9 pp | — |
| 1 year | −54.9% | +13.5% | −68.4 pp | +35.9% |
| 3 years | −96.3% | +76.4% | −172.7 pp | +83.0% |
| 5 years | −98.1% | +63.7% | −161.8 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 1-quarter history (min 174.5, median 174.5, max 174.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 48.3 m | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Revenue YoY | +5.9% | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Net income | -26.2 m | -36.2 m | -36.7 m | -54.5 m | -20.3 m | -9.0 m | -41.0 m | 57.6 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | -0.34 | -0.39 | -0.39 | -0.48 | -0.14 | -0.05 | -0.18 | 0.20 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -54.2% | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 9.1 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 55.4 m USD
- Total assets
- 106.5 m USD
- Debt / equity
- unavailable
- Current ratio
- 2.20x
- ROE
- unavailable
- ROA
- 53.4%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Income statement · USD
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cost of revenue | 18.5 m | 27.5 m | 23.7 m | 17.7 m | 9.5 m | 9.1 m | SEC (XBRL)· 30 Apr 2025verified |
| Gross profit | 12.4 m | 23.5 m | 27.2 m | 42.9 m | 24.1 m | 27.7 m | SEC (XBRL)· 30 Apr 2025verified |
| Research & development | 23.9 m | 30.9 m | 26.4 m | 26.6 m | 26.1 m | 28.5 m | SEC (XBRL)· 30 Apr 2025verified |
| Operating income | -28.0 m | -24.7 m | -18.3 m | -3.8 m | -29.8 m | 69.5 m | SEC (XBRL)· 30 Apr 2025verified |
| Interest expense | 11.7 m | 31.7 m | 13.4 m | 16.9 m | 13.3 m | 26.3 m | SEC (XBRL)· 30 Apr 2025verified |
| Pre-tax income | -37.5 m | -53.6 m | -19.6 m | -6.3 m | -38.3 m | 61.1 m | SEC (XBRL)· 30 Apr 2025verified |
| Income tax | -783.0 k | 936.0 k | 625.0 k | 2.7 m | 2.7 m | 3.5 m | SEC (XBRL)· 30 Apr 2025verified |
| Net income | -36.7 m | -54.5 m | -20.3 m | -9.0 m | -41.0 m | 57.6 m | SEC (XBRL)· 30 Apr 2025verified |
| Diluted EPS | -0.39 | -0.48 | -0.14 | -0.05 | -0.18 | 0.20 | SEC (XBRL)· 30 Apr 2025verified |
| Weighted average diluted shares | 95.0 m | 112.4 m | 146.7 m | 184.6 m | 225.2 m | 284.0 m | SEC (XBRL)· 30 Apr 2025verified |
Balance sheet · USD
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 14.1 m | 7.6 m | 4.8 m | 5.7 m | 5.7 m | 9.1 m | SEC (XBRL)· 30 Apr 2025verified |
| Inventories | 6.7 m | 6.2 m | 6.4 m | 9.4 m | 6.3 m | 2.9 m | SEC (XBRL)· 30 Apr 2025verified |
| Current assets | 37.0 m | 51.7 m | 40.9 m | 40.4 m | 36.9 m | 93.0 m | SEC (XBRL)· 30 Apr 2025verified |
| Property, plant & equipment, net | 8.9 m | 9.2 m | 8.0 m | 8.5 m | 6.8 m | — | SEC (XBRL)· 15 May 2024verified |
| Intangibles (excl. goodwill) | 16.7 m | 25.3 m | 38.0 m | 48.7 m | 64.3 m | 5.6 m | SEC (XBRL)· 30 Apr 2025verified |
| Total assets | 63.3 m | 87.2 m | 89.6 m | 98.8 m | 109.2 m | 106.5 m | SEC (XBRL)· 30 Apr 2025verified |
| Current liabilities | 38.1 m | 62.5 m | 48.7 m | 36.8 m | 107.9 m | 42.2 m | SEC (XBRL)· 30 Apr 2025verified |
| Equity | -29.2 m | -36.8 m | -24.3 m | 2.1 m | -6.1 m | 55.4 m | SEC (XBRL)· 30 Apr 2025verified |
| Shares outstanding at year end | 95.6 m | 133.9 m | 151.4 m | 193.4 m | 246.3 m | 251.4 m | SEC (XBRL)· 30 Apr 2025verified |
Cash flow · USD
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 5.1 m | -19.4 m | -8.5 m | -1.8 m | -7.3 m | -19.5 m | SEC (XBRL)· 30 Apr 2025verified |
| Investing cash flow | -9.1 m | -24.8 m | -19.7 m | -26.0 m | -24.4 m | 93.7 m | SEC (XBRL)· 30 Apr 2025verified |
| Financing cash flow | 6.0 m | 37.6 m | 25.4 m | 28.7 m | 31.7 m | -70.8 m | SEC (XBRL)· 30 Apr 2025verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 2 of at least 6
- score weight coverage: 14.9% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 4.3 bn USD
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
15% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 2 of at least 6; score weight coverage: 14.9% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | unavailable | unavailable | — |
| EBIT margin · Quality | unavailable | unavailable | — |
| FCF margin · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| Revenue growth (YoY) · Growth | 5.9% | 34 (vs peers) | 57% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 2.2x | 83 (on a fixed band) | 43% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial83/100 · 1/2 factors with a value
- Growth· partial34/100 · 1/2 factors with a value
- Quality· partialunavailable · 0/3 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partialunavailable · 0/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
SEQUANS COMMUNICATIONS S.A. (SQNS). Latest full fiscal year: 2017; data up to 2024-12-31.
Figures computed from the financial statements: YoY growth 5.9%; ROE 233.6%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 14.9% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 2.2x
What contradicts it
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
Not assessed (insufficient data or a ratio without meaning): Gross margin, EBIT margin, FCF margin, Revenue CAGR 3Y, Net debt / EBITDA, EV/Sales, FCF yield, Shareholder yield (distributions).
Versus the vertical median
Semiconductors & Related Devices (SIC 3674) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| NVDANvidia Corp | 4,823.1 bn | 25.3 | 117.2% | 63.7% | +65.5% | +13% / +328% |
| AVGOBroadcom Inc. | 1,553.7 bn | 41.6 | 44.2% | 42.9% | +23.9% | −19% / +252% |
| MUMicron Technology, Inc. | 899.7 bn | 10.7 | 88.3% | 63.8% | +256.3% | +236% / +945% |
| AMDAdvanced Micro Devices, Inc | 801.6 bn | 106.3 | 11.8% | 16.8% | +34.3% | +125% / +303% |
| INTCIntel Corporation | 309.7 bn | — | -10.9% | -20.1% | −0.5% | +44% / +30% |
| AMATApplied Materials Inc | 293.2 bn | 31.9 | 41.1% | 30.1% | +4.4% | +46% / +147% |
| TXNTexas Instruments Inc | 284.6 bn | 40.4 | 39.7% | 34.3% | +13.0% | +85% / +104% |
| ADIAnalog Devices Inc | 196.8 bn | 48.2 | 12.2% | 29.8% | +16.9% | +53% / +122% |
| MRVLMarvell Technology, Inc | 140.1 bn | 52.8 | 16.5% | 27.9% | +42.1% | +79% / +187% |
| NXPINXP Semiconductors N.V. | 66.8 bn | 20.8 | 29.2% | 23.4% | −2.7% | +36% / +30% |
| MPWRMonolithic Power Systems, Inc. | 61.5 bn | 69.5 | 25.1% | 23.9% | +26.4% | +36% / +130% |
| MCHPMicrochip Technology Incorporated | 40.9 bn | 104.2 | 7.2% | 9.3% | +7.1% | +41% / −10% |
| ALABAstera Labs, Inc. | 39.0 bn | 89.0 | 28.2% | 29.6% | +115.1% | +42% / unavailable |
| ONOn Semiconductor Corp | 27.7 bn | 41.4 | 8.9% | 10.8% | −15.3% | +42% / −0% |
| CRDOCredo Technology Group Holding Ltd | 25.7 bn | 48.7 | 30.7% | 33.8% | +205.7% | −23% / +662% |
| QQnity Electronics, Inc. | 24.8 bn | 42.0 | 7.6% | 11.5% | +9.7% | +46% / unavailable |
| FSLRFirst Solar, Inc. | 20.9 bn | 11.3 | 18.7% | 37.1% | +24.1% | −29% / +23% |
| MTSIMACOM Technology Solutions Holdings, Inc. | 17.8 bn | 74.6 | 17.2% | 20.7% | +32.6% | +33% / +178% |
| NXTNextpower Inc. | 16.1 bn | 26.9 | 26.5% | 16.0% | +20.3% | +16% / +163% |
| LSCCLattice Semiconductor Corp | 15.3 bn | 330.1 | 4.2% | 5.5% | unavailable | +53% / +83% |
| FORMFormFactor, Inc. | 6.7 bn | 38.9 | 15.9% | 17.7% | +2.8% | +55% / +127% |
| ALGMAllegro Microsystems, Inc. | 5.8 bn | 209.1 | 3.2% | 3.1% | +22.8% | +17% / +15% |
| CRUSCirrus Logic, Inc. | 5.8 bn | 14.6 | 19.5% | 20.2% | +5.3% | −4% / +53% |
| AAOIApplied Optoelectronics, Inc. | 5.0 bn | — | -5.4% | -9.6% | +82.8% | +121% / +347% |
| SQNSSequans Communications S.A. | 4.3 bn | 13.4 | 233.6% | — | +5.9% | −55% / −96% |
1- and 3-year price returns: for SQNS from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 11 May 2026; since then the company filed 6-K (03 Nov 2026), 6-K (24 Sept 2026), 6-K (23 Sept 2026), 6-K (04 Aug 2026), 6-K (30 Jun 2026), 6-K (02 Jun 2026).
In brief
Sequans Communications designs and supplies fabless semiconductor solutions, mainly for cellular IoT, and in 2025 reshaped its strategy through the ACP acquisition and the sale of its 4G technology to Qualcomm. The company is in a transition phase, with revenue declining and results increasingly influenced by its Bitcoin treasury 1. Total revenue for 2025 was 26.3 mn USD 1, and the net loss was 109.3 mn USD 1.
SWOT
Strengths
- The company has a proven track record in LTE chips for IoT, with several generations launched and a customer base of more than ninety end customers 1.
- Know-how in wireless architecture and signal processing enables power-optimized designs and integrated security features 1.
- The ACP acquisition brought RF intellectual property and the Iris product line for demanding markets 1.
Weaknesses
- The company has reported losses in most years and depends on a small number of customers for a significant share of revenue 1.
- Sales are made on purchase orders without long-term contracts, which makes revenue difficult to forecast 1.
- The company identified material weaknesses in internal control over financial reporting in 2024 and 2025 1.
Opportunities
- The transition to 5G RedCap and eRedCap could open new design cycles for the company's products 1.
- Defense, drone and V2X markets reachable through the Iris line could provide revenue from higher-margin segments 1.
- Licensing and design service revenue could grow if new agreements are signed with industry customers 1.
Threats
- Reliance on a single independent foundry without a long-term agreement exposes the company to supply risks 1.
- Competition from large semiconductor groups could pressure prices and market share 1.
- A fall in the Bitcoin price could weigh on the financial position and on the ability to redeem convertible debentures 1.
Risks
- Bitcoin dependencehigh
The company holds Bitcoin as an asset and results can be significantly affected by its price, while part of the holdings is still pledged as collateral 1.
- Secured convertible debentureshigh
Redemption of the remaining debentures depends on Bitcoin sales before a set deadline, and conversion could dilute existing shareholders 1.
- Customer concentrationmedium
A small number of customers generate a significant share of revenue, and orders can be cancelled or delayed without long-term contracts 1.
- Single foundry dependencemedium
The company relies on one independent foundry for its wafers, and yield problems could affect its reputation and customers 1.
- NYSE listing and internal controllow
The company could fall out of compliance with NYSE continued listing criteria, and weaknesses in internal control could lead to misstatements 1.
Investment thesis
What would need to be true (bull case)
- If the transition to 5G RedCap proceeds as expected, next-generation products could build on an established customer base 1.
- The ACP acquisition and the Iris line could bring revenue from defense and aerospace segments with demanding technical requirements 1.
- If Bitcoin is monetized in an orderly way, the company could reduce debt and focus resources on product development 1.
What would break the thesis
- If revenue keeps declining, the company could remain loss-making and may need further financing 1.
- Bitcoin and convertible debenture risks could weigh heavily on the financial position if the asset price falls 1.
- If the 5G transition is delayed, the company could lose design wins to larger competitors 1.
What to watch
- Completion of the debenture redemption and the remaining Bitcoin holdingsQ2 2026
- Revenue from the Iris line and the ACP acquisition2026
- Order flow for 5G RedCap and eRedCap products2026
- Remediation of internal control weaknesses in financial reportingnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 11 May 2026; since then the company filed 6-K (03 Nov 2026), 6-K (24 Sept 2026), 6-K (23 Sept 2026), 6-K (04 Aug 2026), 6-K (30 Jun 2026), 6-K (02 Jun 2026).
The business
Sequans is a fabless company that designs, develops and supplies integrated circuits and modules for IoT and non-smartphone devices, focusing on LTE-M, NB-IoT, LTE Cat 1bis and, in future, 5G RedCap 1. Its portfolio includes baseband processors, RF transceivers, modules combining these chips with front-end subsystems and modem software, as well as technology licensing and design services 1. Customers are mainly OEMs and ODMs, and sales are generally made on a purchase order basis without long-term contracts 1.
In January 2025 the company acquired ACP Advanced Circuit Pursuit AG, adding RF transceivers for software defined radio sold as the Iris line for defense, aerospace, drone and V2X uses 1. In September 2024 Sequans sold most of its 4G IoT technologies to Qualcomm while keeping the right to sell and develop its existing 4G products and its 5G intellectual property 1. In June 2024 it suspended development of its 5G fixed wireless broadband product and refocused on low-power 5G variants 1.
In June 2025 Sequans raised about 384 mn USD through private placements and secured convertible debentures, using the proceeds to buy Bitcoin pledged as collateral 1. Amendments in October 2025 and February 2026 allowed repurchase of the debentures funded by Bitcoin sales, and the company stated it no longer intends to pursue its Bitcoin treasury strategy, instead monetizing holdings over time 1. The company also flags risks related to Bitcoin, debt and its NYSE listing 1.
Segments
Cellular IoT modules and chips
This is the core segment, covering the Monarch (LTE-M/NB-IoT), Calliope (Cat 1 and Cat 1bis) and Cassiopeia (Cat 4) platforms sold as chips or complete modules for smart meters, telematics and tracking devices 1. The company says more than 90 end customers have launched or are developing products using its 4G LTE chipsets 1.
RF transceivers and licensing services
Through ACP, the company offers RF transceivers for software defined radio and design and licensing services for satellite, avionics, public safety and military applications 1. Licensing, royalty and services revenue was a significant but declining part of total revenue in 2023-2025, and the company expects it to remain a meaningful part through smaller new agreements 1.
Market context
The single-mode cellular IoT module market, covering Cat 1bis and LTE-M/NB-IoT, could grow according to ABI Research, which projects a CAGR of 13% between 2025 and 2030 and about 322 mn annual shipments in 2030 1. The same source notes that migration to 5G RedCap and eRedCap depends on 5G Standalone network readiness and operators' spectrum re-farming strategies 1. The sector has short product life cycles and pressure on average selling prices 1.
Competition in cellular IoT has intensified after the 4G sale to Qualcomm, and the market depends on the early adoption of 5G RedCap 1. Strong demand for AI-related components created selective supply tightness across semiconductors in 2025, which could affect lead times 1.
Trends
- Migration of IoT from 4G to 5G RedCapmixed
The 5G RedCap and eRedCap standards, introduced in 3GPP Releases 17 and 18, are designed to replace LTE Cat 4 and Cat 6 in low-power devices, which could open new opportunities for the company's next-generation products 1.
- Growth in cellular IoT module demandtailwind
Analysts project roughly 13% annual growth in the single-mode cellular IoT module market through 2030, which supports demand for the company's chips 1.
- Semiconductor supply constraintsheadwind
In 2025 strong demand for AI components led to selective shortages and longer lead times, forcing the company in some cases to qualify new supply sources 1.
- Bitcoin price volatilityheadwind
The value of the Bitcoin treasury directly affects financial results and the ability to redeem debentures, and a price decline could weigh on the financial position 1.
Competitive position
Sequans competes with cellular IoT chip suppliers and large semiconductor groups with greater resources for 5G development 1. The company points to its 4G track record and wireless system expertise as advantages, but after the 4G sale its position depends increasingly on the success of its 5G products 1.
In cellular IoT, competition rests on power consumption, cost and speed of design cycles, where larger companies could have scale advantages 1. Sequans maintains its positions through existing customers and retained intellectual property, but could lose share if it does not deliver its next generation quickly 1.
- Qualcomm TechnologiesQCOM
Acquired Sequans' 4G IoT technologies in September 2024, making it both a partner and a competitor in IoT chips 1.
- Skyworks SolutionsSWKS
Partner in a system-in-package solution combining the Monarch 2 modem with a radio front-end, showing collaboration within the same value chain 1.
- Asian cellular IoT module makers
ODM and OEM customers in China and Japan form part of the company's demand, and these module makers could also compete through their own supply chains 1.
- Specialized RF transceiver suppliers for defense and SDR
In the Iris segment Sequans faces companies specialized in RF transceivers for military, aerospace and V2X applications, a field where ACP has recognized experience 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)03 Nov 2026
- Current report (foreign issuer)24 Sept 2026
- Current report (foreign issuer)23 Sept 2026
- Current report (foreign issuer)04 Aug 2026
- Current report (foreign issuer)30 Jun 2026
- Current report (foreign issuer)02 Jun 2026
- Current report (foreign issuer)28 May 2026
- Current report (foreign issuer)26 May 2026
- Annual report (foreign issuer)11 May 2026
- Current report (foreign issuer)05 May 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Sequans Communications S.A. · 11 May 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.