Sequans Communications SA
NYSE:SQNS
Income Statement
Earnings Waterfall
Sequans Communications SA
Income Statement
Sequans Communications SA
| Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
15
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
11
|
0
|
0
|
0
|
24
|
0
|
0
|
0
|
0
|
|
| Revenue |
20
N/A
|
27
+36%
|
38
+43%
|
51
+33%
|
69
+36%
|
84
+22%
|
98
+17%
|
105
+8%
|
94
-11%
|
72
-23%
|
49
-33%
|
31
-37%
|
22
-27%
|
20
-8%
|
16
-23%
|
12
-25%
|
14
+16%
|
16
+16%
|
19
+17%
|
21
+13%
|
23
+8%
|
23
+1%
|
25
+11%
|
28
+11%
|
33
+15%
|
37
+14%
|
39
+6%
|
43
+8%
|
46
+7%
|
49
+7%
|
52
+7%
|
51
-2%
|
48
-5%
|
47
-2%
|
47
-1%
|
46
-2%
|
40
-12%
|
36
-10%
|
31
-15%
|
27
-12%
|
31
+14%
|
33
+6%
|
37
+15%
|
45
+20%
|
51
+13%
|
54
+7%
|
55
+1%
|
53
-4%
|
51
-4%
|
52
+3%
|
54
+3%
|
58
+9%
|
61
+4%
|
59
-3%
|
54
-9%
|
45
-16%
|
34
-25%
|
28
-17%
|
28
+2%
|
31
+8%
|
37
+21%
|
39
+6%
|
37
-4%
|
32
-16%
|
27
-14%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(8)
|
(11)
|
(17)
|
(24)
|
(34)
|
(42)
|
(50)
|
(52)
|
(46)
|
(36)
|
(23)
|
(15)
|
(12)
|
(12)
|
(10)
|
(9)
|
(9)
|
(10)
|
(12)
|
(12)
|
(16)
|
(16)
|
(18)
|
(19)
|
(19)
|
(21)
|
(22)
|
(23)
|
(26)
|
(27)
|
(29)
|
(29)
|
(27)
|
(27)
|
(27)
|
(28)
|
(24)
|
(22)
|
(19)
|
(17)
|
(18)
|
(19)
|
(20)
|
(24)
|
(27)
|
(29)
|
(29)
|
(26)
|
(24)
|
(22)
|
(22)
|
(20)
|
(18)
|
(16)
|
(12)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(9)
|
(10)
|
(11)
|
(12)
|
(12)
|
|
| Gross Profit |
11
N/A
|
15
+33%
|
21
+37%
|
26
+28%
|
35
+32%
|
42
+20%
|
48
+14%
|
53
+11%
|
47
-11%
|
37
-22%
|
26
-29%
|
16
-39%
|
10
-36%
|
9
-16%
|
6
-33%
|
3
-48%
|
5
+64%
|
6
+22%
|
7
+19%
|
9
+22%
|
7
-21%
|
7
+2%
|
8
+9%
|
9
+17%
|
13
+48%
|
16
+19%
|
17
+11%
|
19
+12%
|
20
+4%
|
21
+7%
|
23
+5%
|
22
-4%
|
21
-3%
|
20
-6%
|
19
-3%
|
18
-7%
|
16
-12%
|
14
-11%
|
12
-18%
|
10
-14%
|
12
+25%
|
14
+13%
|
17
+25%
|
21
+23%
|
23
+9%
|
25
+7%
|
27
+5%
|
26
0%
|
27
+3%
|
30
+12%
|
32
+4%
|
39
+22%
|
43
+11%
|
43
0%
|
42
-3%
|
36
-15%
|
24
-32%
|
19
-23%
|
19
+3%
|
21
+8%
|
28
+33%
|
29
+5%
|
26
-10%
|
20
-25%
|
15
-25%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(27)
|
(30)
|
(32)
|
(33)
|
(35)
|
(38)
|
(42)
|
(46)
|
(46)
|
(47)
|
(46)
|
(44)
|
(43)
|
(42)
|
(40)
|
(40)
|
(40)
|
(40)
|
(41)
|
(42)
|
(41)
|
(41)
|
(39)
|
(36)
|
(37)
|
(36)
|
(38)
|
(39)
|
(40)
|
(40)
|
(40)
|
(41)
|
(41)
|
(43)
|
(45)
|
(46)
|
(47)
|
(46)
|
(44)
|
(42)
|
(40)
|
(42)
|
(44)
|
(44)
|
(48)
|
(48)
|
(47)
|
(46)
|
(46)
|
(40)
|
(45)
|
(46)
|
(47)
|
(48)
|
(50)
|
(54)
|
(54)
|
(53)
|
(53)
|
(56)
|
(55)
|
56
|
40
|
(53)
|
(52)
|
|
| Selling, General & Administrative |
(13)
|
(14)
|
(16)
|
(16)
|
(17)
|
(19)
|
(20)
|
(22)
|
(21)
|
(21)
|
(19)
|
(17)
|
(15)
|
(14)
|
(13)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(12)
|
(13)
|
(13)
|
(14)
|
(15)
|
(15)
|
(15)
|
(16)
|
(17)
|
(18)
|
(20)
|
(19)
|
(18)
|
(18)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(21)
|
(23)
|
(27)
|
(28)
|
(28)
|
(27)
|
(28)
|
(26)
|
(25)
|
(24)
|
(21)
|
(21)
|
|
| Research & Development |
(14)
|
(16)
|
(16)
|
(16)
|
(18)
|
(19)
|
(22)
|
(25)
|
(25)
|
(26)
|
(27)
|
(27)
|
(28)
|
(28)
|
(27)
|
(28)
|
(28)
|
(29)
|
(29)
|
(29)
|
(29)
|
(29)
|
(27)
|
(25)
|
(25)
|
(25)
|
(26)
|
(27)
|
(26)
|
(26)
|
(25)
|
(26)
|
(25)
|
(27)
|
(27)
|
(27)
|
(28)
|
(27)
|
(25)
|
(25)
|
(24)
|
(25)
|
(27)
|
(29)
|
(31)
|
(31)
|
(29)
|
(28)
|
(26)
|
(26)
|
(26)
|
(26)
|
(27)
|
(28)
|
(28)
|
(27)
|
(26)
|
(25)
|
(25)
|
(27)
|
(29)
|
(29)
|
(32)
|
(32)
|
(30)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
110
|
97
|
0
|
(1)
|
|
| Operating Income |
(15)
N/A
|
(14)
+5%
|
(11)
+21%
|
(6)
+46%
|
(0)
+92%
|
4
N/A
|
6
+53%
|
7
+8%
|
1
-84%
|
(10)
N/A
|
(20)
-96%
|
(28)
-39%
|
(33)
-17%
|
(33)
-1%
|
(34)
-4%
|
(37)
-8%
|
(35)
+4%
|
(34)
+3%
|
(34)
+2%
|
(33)
+2%
|
(34)
-3%
|
(34)
+0%
|
(31)
+8%
|
(28)
+12%
|
(24)
+14%
|
(21)
+13%
|
(20)
+2%
|
(20)
+1%
|
(20)
+2%
|
(19)
+5%
|
(17)
+9%
|
(19)
-9%
|
(20)
-4%
|
(23)
-16%
|
(26)
-14%
|
(28)
-8%
|
(32)
-13%
|
(32)
0%
|
(32)
-1%
|
(32)
-1%
|
(28)
+13%
|
(28)
-1%
|
(27)
+7%
|
(22)
+15%
|
(25)
-10%
|
(23)
+8%
|
(21)
+10%
|
(20)
+4%
|
(18)
+7%
|
(9)
+49%
|
(13)
-42%
|
(7)
+48%
|
(4)
+44%
|
(5)
-41%
|
(9)
-61%
|
(18)
-110%
|
(30)
-64%
|
(34)
-14%
|
(33)
+3%
|
(34)
-4%
|
(27)
+22%
|
85
N/A
|
67
-22%
|
(33)
N/A
|
(37)
-11%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(2)
|
(0)
|
1
|
1
|
(2)
|
(3)
|
(6)
|
(4)
|
(1)
|
(1)
|
1
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(1)
|
1
|
(3)
|
(7)
|
(6)
|
(9)
|
(5)
|
(2)
|
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(7)
|
(7)
|
(10)
|
(16)
|
(27)
|
(29)
|
(30)
|
(27)
|
(17)
|
(8)
|
(7)
|
3
|
5
|
(3)
|
(3)
|
(7)
|
(9)
|
(8)
|
(9)
|
(11)
|
(20)
|
(28)
|
(22)
|
(19)
|
(9)
|
15
|
38
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
0
|
1
|
0
|
5
|
5
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
14
|
110
|
110
|
0
|
0
|
(8)
|
(103)
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
(17)
N/A
|
(15)
+11%
|
(10)
+32%
|
(5)
+48%
|
(3)
+52%
|
1
N/A
|
0
-53%
|
3
+706%
|
(0)
N/A
|
(11)
-27 300%
|
(19)
-77%
|
(28)
-46%
|
(33)
-15%
|
(33)
-1%
|
(34)
-2%
|
(37)
-9%
|
(35)
+4%
|
(34)
+3%
|
(34)
+1%
|
(33)
+2%
|
(34)
-2%
|
(34)
+1%
|
(32)
+5%
|
(26)
+18%
|
(27)
-3%
|
(28)
-4%
|
(26)
+7%
|
(29)
-10%
|
(25)
+15%
|
(21)
+15%
|
(22)
-4%
|
(24)
-8%
|
(26)
-10%
|
(29)
-12%
|
(31)
-7%
|
(34)
-10%
|
(37)
-9%
|
(38)
-1%
|
(39)
-5%
|
(40)
0%
|
(38)
+5%
|
(43)
-15%
|
(52)
-21%
|
(51)
+2%
|
(54)
-5%
|
(50)
+7%
|
(32)
+35%
|
(23)
+29%
|
(20)
+15%
|
(6)
+68%
|
(8)
-30%
|
(10)
-20%
|
(6)
+36%
|
(13)
-104%
|
(18)
-38%
|
(26)
-47%
|
(38)
-49%
|
(46)
-20%
|
(39)
+15%
|
48
N/A
|
61
+28%
|
66
+8%
|
58
-12%
|
(26)
N/A
|
(101)
-291%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
1
|
2
|
1
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(2)
|
(1)
|
(6)
|
(4)
|
(4)
|
(4)
|
1
|
(1)
|
|
| Income from Continuing Operations |
(17)
|
(15)
|
(10)
|
(5)
|
(3)
|
1
|
0
|
2
|
(0)
|
(11)
|
(20)
|
(29)
|
(33)
|
(33)
|
(34)
|
(37)
|
(36)
|
(34)
|
(34)
|
(33)
|
(34)
|
(34)
|
(32)
|
(27)
|
(27)
|
(29)
|
(27)
|
(29)
|
(25)
|
(21)
|
(22)
|
(24)
|
(26)
|
(29)
|
(31)
|
(34)
|
(36)
|
(37)
|
(38)
|
(38)
|
(37)
|
(43)
|
(52)
|
(51)
|
(55)
|
(51)
|
(33)
|
(24)
|
(20)
|
(7)
|
(9)
|
(12)
|
(9)
|
(16)
|
(22)
|
(29)
|
(41)
|
(48)
|
(40)
|
42
|
58
|
62
|
54
|
(25)
|
(102)
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
(17)
N/A
|
(15)
+11%
|
(10)
+32%
|
(5)
+47%
|
(3)
+50%
|
1
N/A
|
0
-95%
|
2
+8 000%
|
(0)
N/A
|
(11)
-2 676%
|
(20)
-73%
|
(29)
-46%
|
(33)
-15%
|
(33)
-1%
|
(34)
-2%
|
(37)
-9%
|
(36)
+4%
|
(34)
+3%
|
(34)
+1%
|
(33)
+2%
|
(34)
-2%
|
(34)
+1%
|
(32)
+5%
|
(27)
+18%
|
(27)
-3%
|
(29)
-4%
|
(27)
+7%
|
(29)
-10%
|
(25)
+15%
|
(21)
+15%
|
(22)
-4%
|
(24)
-8%
|
(26)
-10%
|
(29)
-12%
|
(31)
-7%
|
(34)
-10%
|
(36)
-5%
|
(37)
-1%
|
(38)
-4%
|
(38)
+0%
|
(37)
+3%
|
(43)
-17%
|
(52)
-21%
|
(51)
+2%
|
(55)
-6%
|
(51)
+7%
|
(33)
+35%
|
(24)
+28%
|
(20)
+15%
|
(7)
+66%
|
(9)
-27%
|
(12)
-35%
|
(9)
+23%
|
(16)
-78%
|
(22)
-37%
|
(29)
-30%
|
(41)
-43%
|
(48)
-17%
|
(40)
+17%
|
42
N/A
|
58
+37%
|
62
+8%
|
54
-13%
|
(25)
N/A
|
(102)
-309%
|
|
| EPS (Diluted) |
-12.21
N/A
|
-10.83
+11%
|
-7.32
+32%
|
-3.85
+47%
|
-2.69
+30%
|
0.42
N/A
|
0.02
-95%
|
1.73
+8 550%
|
-0.31
N/A
|
-8.2
-2 545%
|
-14.2
-73%
|
-20.68
-46%
|
-23.77
-15%
|
-21.32
+10%
|
-19.08
+11%
|
-20.77
-9%
|
-19.57
+6%
|
-14.56
+26%
|
-14.39
+1%
|
-14.12
+2%
|
-14.42
-2%
|
-14.33
+1%
|
-13.65
+5%
|
-11.23
+18%
|
-11.58
-3%
|
-12.07
-4%
|
-11.2
+7%
|
-11.87
-6%
|
-9.71
+18%
|
-7.04
+27%
|
-7.27
-3%
|
-7.48
-3%
|
-8.42
-13%
|
-8.01
+5%
|
-8.31
-4%
|
-9.09
-9%
|
-9.65
-6%
|
-9.62
+0%
|
-10.04
-4%
|
-10
+0%
|
-9.66
+3%
|
-11.3
-17%
|
-13.73
-22%
|
-13.51
+2%
|
-12.12
+10%
|
-8.93
+26%
|
-5.52
+38%
|
-3.98
+28%
|
-3.45
+13%
|
-0.91
+74%
|
-1.13
-24%
|
-1.53
-35%
|
-1.22
+20%
|
-0.82
+33%
|
-0.94
-15%
|
-1.22
-30%
|
-4.55
-273%
|
-1.93
+58%
|
-1.59
+18%
|
1.52
N/A
|
2.03
+34%
|
2.44
+20%
|
2.11
-14%
|
-0.01
N/A
|
-0.12
-1 100%
|
|