Sequans Communications S.A., a leader in 5G/4G cellular IoT semiconductor solutions, has announced its preliminary financial results for the second quarter of 2025. The company's revenue was reported at $8.1 million, marking a slight increase of 1.1% compared to the first quarter of 2025, but a decrease of 15.8% from the second quarter of 2024. The gross profit remained stable at $5.2 million, consistent with the previous quarter but down from $8.1 million in the same period last year. The net loss for the second quarter of 2025 was $9.1 million, compared to a net loss of $7.3 million in the first quarter of 2025 and a net loss of $0.6 million in the second quarter of 2024. Meanwhile, the company's cash and cash equivalents totaled $41.6 million as of June 30, 2025, a decrease from $45.9 million at the end of March 2025. In a significant strategic move, Sequans has deployed the proceeds from a $384 million financing to launch a Bitcoin Treasury strategy, acquiring 3,072 Bitcoin. The company remains committed to this strategy, anticipating it will bring long-term value to shareholders. Additionally, Sequans is optimistic about the improvement of its IoT business, with a target of achieving breakeven operating income in 2026.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.