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Sequans Communications SA Issues Q4 2013 EPS Guidance; Revenue Guidance Below Analysts' Estimates


Thursday, 24 Oct 2013 06:00am EDT 

Sequans Communications SA announced that fourth quarter of 2013, it expects revenue to be in the range of $4.5 to $5.5 million, with non-IFRS gross margin of around 40%. Based on this revenue range and expected gross margin, non-IFRS net loss per diluted share/ADS is expected to be between ($0.15) and ($0.17) for the fourth quarter of 2013, based on approximately 44.7 million weighted average number of diluted shares/ADSs. Non-IFRS EPS guidance excludes primarily the impact of stock-based compensation. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $6.5 million and EPS of $(0.16) for the fourth quarter of 2013. 

Company Quote

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5 Mar 2015