Sequans Communications Preliminary Unaudited First Quarter 2026 Financial Results

Sequans Communications reported preliminary Q1 2026 revenue of $6.1 million, a decline of 24.8% compared to the prior year and 12.5% sequentially, resulting in a net loss of $54.3 million. The significant loss was driven by a $29.3 million unrealized impairment loss on Bitcoin holdings and $11.7 million in realized losses on Bitcoin sales used to service debt.

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