Sequans Communications announced preliminary Q1 2026 results showing revenue of $6.1 million, down 24.8% year-over-year, mainly due to lower license and services income. Despite a 45% increase in product sales, the company posted a net loss of $54.3 million, impacted by significant impairments and losses on Bitcoin investments used as collateral for convertible debt. CEO Georges Karam highlighted strong momentum in IoT semiconductor products and 5G developments, expecting sequential growth and a move toward cash-flow break-even. The company is focusing on simplifying its balance sheet and advancing its 5G roadmap as it prepares for growth in IoT connectivity.
BlackRock, Inc. has reported that its direct and indirect ownership in Orion Oyj has dropped below the 5% threshold as of June 15, 2026. This change requires a formal disclosure under Finnish securities law. The reduction in BlackRock's stake may aff...
On June 15, 2026, BlackRock, Inc. and its funds reduced their total holdings in Orion Corporation to below 5% of the company's shares and voting rights. This change was disclosed under the Finnish Securities Market Act, indicating a decrease from a p...
US stock futures showed mixed results with the S&P 500 slightly down while the Dow Jones and Nasdaq 100 edged higher following a recent rally. The market reacted to a preliminary US-Iran agreement aimed at extending a ceasefire and reopening the Stra...
MindWalk Holdings Corp. emphasizes the importance of a connected, trustworthy biological data layer over AI model size in drug discovery. The company launched ReefIQ™, a biological context layer, and LensAI™, a reasoning platform, aiming to reduce co...
Space Exploration Technologies Corp. (SpaceX) saw its shares surge over 11% in premarket trading, pushing its market capitalization close to $3 trillion, surpassing Amazon to become the fifth-largest company globally. This rapid valuation increase ha...
