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Wednesday, May 03, 2017 2:28:01 AM
CEO KARAM: If we assume the midpoint of our guidance for the second quarter, the first half of 2017 will be up 40% over the first half of 2016. We feel good about the second-half of the year, so we continue to believe we are on track to grow more than 40% in 2017, with further acceleration in 2018.
On the customer side, we added a new OEM/ODM customer in both our broadband and our IoT businesses. The CAT-1 revenue ramp is beginning, and we are especially pleased with the design wins and overall traction our LTE Cat-M platform is gaining in the market; more about this in a moment. We have a new project with a very high profile customer in our Vertical Markets business. This new customer is Lockheed Martin, a major global security and aerospace company. For the time being we can say only that it's a multi-million dollar project that will occur over the next 18 to 20 months.
Financial Deborah Choate: The thing that I liked the most is that….”to optimize the cash in hand she magage day to day and Sequans will receive also 3million usd in French R&D taks credit.
Deborah is also talking about working capital requirements to put a credit line in place…imo that means no dilution and imo the best things to do when a company goes from red to green financials.
CEO KARAM: Is also talking about more than a dozen module partners……a few weeks ago that number whas just 8. We are pleased to note that we are beginning to build the backlog as orders that's providing better visibility than we've had in the past. We have a few more in the pipeline that are very advanced. So we expect we'll have more than a dozen module partners helping to reinforce our go-to-market capabilities, positioning us as the leading supplier and number one choice for all types of IoT applications. We are gaining excellent traction with end customers for many different types of applications, for asset tracking, to metering, automotive aftermarket products, wearable and health monitoring, whether directly or though our module partners.
These are for me the most important things that I found in the 13 page during conference call.
I’m happy with how this company is growing !!!!
First Sequans dilute shares to survive and when things seems to go better they are talking about working capital talking with the banks in the pipeline.
Wel this company will be much bigger the years to come. What the PPS will do the coming months I don’t care.
I know one thing and the price per share will be MUCH hingher than $3,5 in a few years.
https://seekingalpha.com/article/4068032-sequans-communications-sqns-ceo-georges-karam-q1-2017-results-earnings-call-transcript
GLTYA
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