Sequans reports 4Q loss

Sequans reports 4th-quarter loss but tops expectations

COLOMBES, France (AP) _ Sequans Communications SA (SQNS) on Tuesday reported a loss of $5.4 million in its fourth quarter.

On a per-share basis, the Colombes, France-based company said it had a loss of 7 cents. Losses, adjusted for non-recurring costs and stock option expense, came to 6 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The chip company posted revenue of $14 million in the period.

For the year, the company reported that its loss narrowed to $24.8 million, or 39 cents per share. Revenue was reported as $45.6 million.

For the current quarter ending in April, Sequans expects its results to range from a loss of 9 cents per share to a loss of 7 cents per share.

The company said it expects revenue in the range of $11.5 million to $13.5 million for the fiscal first quarter.

The company's shares closed at $2.40. A year ago, they were trading at $1.79.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SQNS at https://www.zacks.com/ap/SQNS

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Keywords: Sequans, Earnings Report

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