Sequans Reports Q1 2026 Earnings with Revenue Decline and Bitcoin-Related Losses
Sequans (SQNS) reported Q1 2026 earnings with total revenue of $6.1 million, down from $6.9 million in the prior quarter, primarily due to variability in licensing and service revenue. The company reported a net loss of $54.3 million under IFRS, largely driven by Bitcoin-related charges, and a non-IFRS net loss of $20.7 million. Sequans also made progress on its convertible debt redemption, with 62% of $94.5 million face value redeemed by April 30.
Tickers: $SQNS
Topics: bitcoin holdings debt redemption earnings gross margin net loss operating expenses revenue