{"id":39824,"date":"2013-01-07T11:34:00","date_gmt":"2013-01-07T11:34:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/sequans-communications-sqns-updates-expectations-for-q4-2012-results\/39824\/"},"modified":"2013-01-07T11:34:00","modified_gmt":"2013-01-07T11:34:00","slug":"sequans-communications-sqns-updates-expectations-for-q4-2012-results","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/sequans-communications-sqns-updates-expectations-for-q4-2012-results\/39824\/","title":{"rendered":"Sequans Communications &#8211; SQNS &#8211; Updates Expectations for Q4 2012 Results"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=SQNS\">NYSE: SQNS<\/a>) announced that, primarily due to a delay in finalizing an agreement related to a new design win, revenue for the fourth quarter of 2012 is expected to be approximately $3.1 million, below the range of previous guidance.\u00a0 The related impact on non-IFRS loss per diluted share\/ADS is an estimated increase in the loss per share by up to $0.02.<\/p>\n<p>\u201cThis delay is insignificant except in the context of the low level of overall business during the quarter, which is a result of the decline in WiMAX demand before our LTE design wins could be converted to more significant levels of revenue,\u201d said Georges Karam, Sequans CEO.\u00a0 \u201cNot apparent in our updated guidance is the excellent progress we\u2019ve made recently in reaching various important milestones, including the successful completion of evaluations and lab trials with several LTE operators around the world, adding new customers and partners, and winning a significant share of a key field trial.\u00a0 We continue to expect our LTE revenue to ramp during the second half of 2013, and the revised guidance for the fourth quarter of 2012 does not affect these expectations.\u201d<\/p>\n<p>When the previous guidance was given on October 25, 2012, the company indicated that revenue for the fourth quarter of 2012 was expected to be in the range of $4 million to $6 million, with a non-IFRS net loss per diluted share\/ADS between ($0.22) and ($0.26). Both initial and updated non-IFRS EPS guidance assume 34.7 million weighted average diluted shares\/ADSs. Non-IFRS guidance excludes primarily the impact of stock based compensation.<\/p>\n<p><strong>About Sequans Communications &#8211; SQNS<\/strong><\/p>\n<p>Sequans Communications S.A. (SQNS) is a 4G chipmaker, supplying LTE and WiMAX chips to original equipment manufacturers and original design manufacturers worldwide. Founded in 2003 to address the WiMAX market, SQNS expanded in early 2009 to address the LTE market. Sequans\u2019 chips are today operating in 4G networks around the world. SQNS is based in Paris, France with additional offices throughout the world, including United States, United Kingdom, Israel, Hong Kong, Singapore, Taiwan, South Korea, and China.<\/p>\n<p>SQNS develops wireless broadband solutions. SQNS supplies silicon and embedded software for WiMAX-based systems. Sequans Communications develops software solutions such as System-on-Chip, which makes it possible to build PHY and MAC layers. It focuses on signal processing and MAC protocols, which translates to a SoC that enables the development of broadband wireless systems.<strong><\/strong><\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20130111160447\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fsequans-communications-sqns-updates-expectations-for-q4-2012-results%2F39824&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n<script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130111160447js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> \n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-lower-in-early-trading-22\/40079\">\nStocks Lower in Early Trading<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/futures-pointing-towards-flat-or-lower-start\/40066\">\nFutures Pointing Towards Flat or Lower Start<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-fall-but-heading-towards-weekly-gains-silver-prices-down-as-well\/40065\">\nGold Prices Fall but Heading Towards Weekly Gains, Silver Prices Down As Well<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/supervalu-announces-selling-of-its-5-supermarkets-to-a-private-equity-group-svu\/40064\">\nSupervalu Announces Selling of Its 5 Supermarkets to a Private Equity Group (SVU)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/pressure-mounts-on-congress-to-act-fast-on-debt-ceiling-problem\/40062\">\nPressure Mounts on Congress to Act Fast on Debt Ceiling Problem<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-climb-after-chinese-data-and-ecb-meeting\/40060\">\nGold Prices Climb After Chinese Data and ECB Meeting<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/market-update-after-hours-january-10\/40052\">\nMarket Update After Hours January 10<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130111160447im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n\n<!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script-->\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYSE: SQNS) announced that, primarily due to a delay in finalizing an agreement related to a new design win, revenue [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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