Sequans reports Q2 growth and first drone customer
Sequans Communications reported preliminary Q2 revenue of $7.5 million, up 23.2% sequentially, and disclosed its first drone customer. More than 40 customer designs using its cellular IoT technology are now in mass production.
Evidence notes
- The first drone customer expands Sequans beyond its established industrial, mobility and connected-device markets.
- Management also cited drone-market interest in the company’s radio-frequency transceiver technology.