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SQNS · NYSE · United States · Semiconductors & Related Devices
In shortSEQUANS COMMUNICATIONS is profitable, burns cash and carries moderate debt, with revenue growing (+9.6% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 188.8% | 100/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 156.3% | 100/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 233.6% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 84.1% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 2.20× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.41× | 88/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.19× | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.65× | 11/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 7.56 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -53.0% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -0.34× | 0/100 |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 1 of 5 | 20/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 39.3% | 0/100 |
| Operating margin volatility | 108.6% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -10.2% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2024 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 51 | 51 | 61 | 34 | 37 |
| Cost of revenue | 27 | 24 | 18 | 9.5 | 9.1 |
| Gross profit | 23 | 27 | 43 | 24 | 28 |
| Research & development | 31 | 26 | 27 | 26 | 29 |
| Selling, general & admin | 9.4 | 10 | 10 | 16 | 14 |
| Operating income | (25) | (18) | (3.8) | (30) | 70 |
| Interest expense | 32 | 13 | 17 | 13 | 26 |
| Pre-tax income | (54) | (20) | (6.3) | (38) | 61 |
| Income tax | 0.9 | 0.6 | 2.7 | 2.7 | 3.5 |
| Net income | (55) | (20) | (9) | (41) | 58 |
| Diluted EPS | −$0.48 | −$0.14 | −$0.05 | −$0.18 | $0.20 |
| Diluted shares (millions) | 112 | 147 | 185 | 225 | 284 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
7.56 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Apr 30, 2025