Sequans communications announces first quarter 2023 financial results

Paris , may 3, 2023 /prnewswire/ -- sequans communications s.a. (nyse: sqns), a leading developer and provider of 5g/4g solutions for iot devices, today announced financial results for the first quarter ended march 31, 2023, first  quarter 2023 summary results table: (in us$ millions, except share and per share data) q1 2023 q4 2022 q1 2022 revenue $11.9 $15.9 $13.9 gross profit 9.3 12.0 9.5 gross margin (%) 78.5 % 75.3 % 68.1 % operating profit (loss) (4.0) (1.0) (2.0) net profit (loss) (5.0) (5.0) 2.0 diluted earnings (loss) per ads ($0.10) ($0.10) $0.05 non-ifrs diluted earnings (loss) per ads * ($0.09) ($0.06) ($0.04) weighted average number of diluted ads (ifrs) 48,382,629 47,951,407 46,013,404 weighted average number of diluted ads (non-ifrs) 48,382,629 47,951,407 41,142,823 * see use of non-ifrs/non-gaap financial measures disclosure on page 3.
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