Wednesday, March 23, 2011

Sequans Communications S.A. files for IPO

4G silicon vendor Sequans Communications S.A. has filed an initial registration for a public offering. The SEC F-1 filing (registration for foreign companies issuing ADRs) reveals:

  • 2010 Revenues of $68.5M producing an operating loss of $0.7M
  • 4.6M devices shipped in 2010
  • 45 customers with HTC accounting for 66% of revenue in 2010 driven by the HTC EVO 4G smartphone
  • Other customers include Huawei, MitraStar Technology (a spin-off of Zyxel), Gemtek, Sagemcom, Teltonika, Accton Wireless Broadband and ZTE
The complete SEC filing with supporting documents may be found here.

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