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Sequans Communications posts $9.09M revenue with 183% growth, narrows loss, exits Bitcoin holdings.

Market News
03 Nov 2026, 14:57 WIB
Tokenpost
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Bullish
Sequans Communications posts $9.09M revenue with 183% growth, narrows loss, exits Bitcoin holdings.

Sequans Communications reported $9.09 million in preliminary revenue for Q3 2026, marking a 182.8% year-over-year increase driven by strong product sales and a $6.2 million gain from selling its Bitcoin holdings. The company narrowed its operating loss to $1.0 million from $7.2 million the previous quarter and had no Bitcoin holdings by the end of September after selling 314 BTC. Cash reserves rose to $39.7 million. CEO Georges Karam highlighted a growing backlog extending into the second half of 2027, signaling positive business momentum.

Sequans Communications posted $9.09 million in Q3 revenue, including a $6.2 million net gain from Bitcoin sales. For readers following major cryptocurrencies on Pluang, 12 out of 50 assets rose while 37 fell as of Nov 03, 2026 19:03 WIB. Notable movers include SXP at Rp37 with a -46.27% change, BAL at Rp16.297 with +11.14%, and EOS at Rp12.649 with +8.13%.

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