Sequans Communications S.A.
NYSESQNS just reported Q1 earnings — and the story that emerged is stranger than the chip business it was supposed to be. Q1 revenue fell 24.8% to $6.1 million. The net loss hit $54.3 million, but most of that — $41 million — came from Bitcoin-related impairments. Sequans had been building a crypto treasury alongside its IoT semiconductor operations. In Q1, it sold half its holdings…
SQNS short interest drops 26% in one week to 1.27% of float, extending a month-long decline of 61%.
Snapshot as of 22 Jun 2026
SQNS just reported Q1 earnings — and the story that emerged is stranger than the chip business it was supposed to be. Q1 revenue fell 24.8% to $6.1 million. The net loss hit $54.3 million, but most of that — $41…
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