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.
The U.S. Bankruptcy Court for the Central District of California confirmed the Plan of Liquidation for Oceanwide Plaza LLC, enabling the $470 million sale of the stalled Downtown Los Angeles development to KPC Square, a joint venture between KPC Grou...
Legrand SA has shown solid growth driven by strong demand in datacentres and effective operating leverage, despite facing unit margin pressures from raw material inflation and tariffs. The company expects organic growth of 4-7% and plans pricing acti...
FTX is set to distribute an additional $900 million to creditors, bringing total repayments to over $10 billion. This milestone marks significant progress in the bankruptcy process, offering hope to creditors who have been awaiting recovery of their ...
Zoom Communications has appointed Carlos Quaderi as Head of Asia Pacific (APAC), effective August 1, 2026, to lead its growth strategy across the region excluding Japan. Quaderi, with over 30 years of experience and previous leadership roles at Workd...
Nexa Resources is transforming from a zinc-focused producer to a diversified metals miner, with silver, copper, lead, and gold increasingly contributing to its earnings. Recent EBITDA improvements are largely due to high by-product metal prices, rais...
