Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data SEQUANS COMMUNICATIONS files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2015
FY2017
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2022
FY2024
Revenue
32.5
45.6
48.3
Cost of revenue
19.5
25.6
27.1
24.4
18.5
27.5
23.7
17.7
9.48
9.09
Gross profit
13.1
20
21.1
15.9
12.4
23.5
27.2
42.9
24.1
27.7
Research and development
25.3
26.3
25.2
27.9
23.9
30.9
26.4
26.6
26.1
28.5
Selling, general and administrative
5.43
6.27
6.68
10.1
8.55
9.38
10
10.1
16
14.4
Operating income
-23.6
-19.7
-19.5
-31.5
-28
-24.7
-18.3
-3.84
-29.8
69.5
Interest expense
5.24
6.88
8.42
7.52
11.7
31.7
13.4
16.9
13.3
26.3
Interest income
1.8
2.12
2.09
1.85
2.17
2.84
12.1
14.5
4.79
17.8
Pre-tax income
-27.1
-24.5
-25.9
-37.2
-37.5
-53.6
-19.6
-6.26
-38.3
61.1
Income tax
0.32
0.28
0.3
-0.97
-0.78
0.94
0.63
2.75
2.67
3.54
Net income to minority interests
0
0
0
0
0
0
Net income
-27.4
-24.8
-26.2
-36.2
-36.7
-54.5
-20.3
-9.01
-41
57.6
EPS, basic
-0.46
-0.39
-0.34
-0.39
-0.39
-0.48
-0.14
-0.05
-0.18
0.23
EPS, diluted
-0.46
-0.39
-0.34
-0.39
-0.39
-0.48
-0.14
-0.05
-0.18
0.20
Balance sheet
FY2015
FY2017
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2022
FY2024
Cash and equivalents
8.29
20.2
2.95
12.1
14.1
7.57
4.84
5.67
5.71
9.09
Inventory
4.07
8.69
7.38
8.24
6.66
6.23
6.43
9.39
6.34
2.87
Total current assets
35.8
50.1
39.7
43.2
37
51.7
40.9
40.4
36.9
93
Property, plant and equipment
7.12
6.66
6.99
10.8
8.86
9.19
8.01
8.49
6.82
Lease right-of-use assets
4.56
4.05
4.66
3.37
2.6
2.15
Intangible assets
5.26
7.71
9.56
12.4
16.7
25.3
38
48.7
64.3
5.64
Total assets
48.9
65.1
57.1
62.6
63.3
87.2
89.6
98.8
109
107
Total current liabilities
29.1
31.5
27.9
27.2
38.1
62.5
48.7
36.8
108
42.2
Lease liabilities
0
0
3.2
4.76
3.37
2.28
1.65
0.33
Total liabilities
50.1
56.2
53
67.3
92.5
124
114
96.7
115
51.2
Paid-in capital
166
189
205
225
234
277
298
2.42
14.6
14.5
Retained earnings
-185
-210
-236
-272
-309
-363
-384
-65.1
-93.4
-35.8
Total equity
-1.25
8.86
4.05
-4.69
-29.2
-36.8
-24.3
2.1
-6.07
55.4
Total liabilities and equity
48.9
65.1
57.1
62.6
63.3
87.2
89.6
98.8
109
107
Cash flow statement
FY2015
FY2017
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2022
FY2024
Net income
-27.4
-24.8
-26.2
-36.2
-36.7
-54.5
-20.3
-9.01
-41
57.6
Cash from operations
-16.4
-15.6
-28.6
-22.8
5.09
-19.4
-8.51
-1.84
-7.26
-19.5
Cash from investing
-5.35
-5.27
-6.48
-8.77
-9.1
-24.8
-19.7
-26
-24.4
93.7
Debt issued
0
0
9
Debt repaid
0
0
-0.12
-0.59
-0.45
-0.24
-0.47
-0.96
-1.13
-1.71
Stock issued
0
23.6
14.9
20.8
0
29.3
9.85
30.1
25.5
0
Cash from financing
17.7
32.8
17.8
40.7
6.02
37.6
25.4
28.7
31.7
-70.8
Exchange rate effect
-0.01
-0.01
0.01
-0
0
0.01
0
0.01
-0
0
Key metrics
Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $2.85 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Effective tax rate
5.8%
Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)
53.4%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Gross profit growth, 1y
14.9%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
0.7%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
17.5%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-2.4%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
6.0%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
11.0%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
2.20x
Current assets / current liabilities.
Quick ratio
0.22x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.22x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
48.0%
Total liabilities / total assets.
Interest coverage
2.65x
Operating income / interest expense.
Working capital
$50.8M
Current assets - current liabilities.
Goodwill and intangibles / assets
5.3%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Inventory turnover
1.97x
Cost of revenue / average inventory.
Days inventory
185 days
365 x average inventory / cost of revenue.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.20
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$0.23
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$42.7M
Share price x shares outstanding.
Enterprise value
$33.6M
Market cap + total debt - cash - short-term investments.
P/E
0.74x
Market cap / net income. Only when net income is positive.
EV/EBIT
0.48x
Enterprise value / operating income, when both are positive.
Earnings yield
134.9%
Net income / market cap (the inverse of P/E).
Was SEQUANS COMMUNICATIONS profitable in fiscal 2024?
Yes. Net income was $57.6M, a net margin of -.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.