SQNS- I am sure most of this is panic selling.
This is a company that is just starting to grow and expand and is going to have some growing pains along the way. It looks like they were conservative on their guidance for Q4.
Sequans Communications sees Q4 2013 EPS of ($0.15)-($0.17), versus the consensus of ($0.16). Sequans Communications sees Q4 2013 revenue of $4.5-5.5 million, versus the consensus of $6.5 million.
And the still have a net loss that is shrinking but it's still there.
SQNS Net loss: Net loss was $8.8 million, or ($0.20) per diluted share/ADS, compared to a net loss of $9.1 million, or ($0.20) per diluted share/ADS in the second quarter of 2013 and a net loss of $5.8 million, or ($0.17) per diluted share/ADS in the third quarter of 2012.
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