Slide 1: Investor Presentation
Investor Presentation May 5, 2026
Slide 2: Safe Harbor
Safe Harbor This presentation contains certain statements that are, or may be deemed to be, forward-looking statements with respect to financial condition, results of operations and business of Sequans, bitcoin treasury and business strategy for 2026 and beyond, financing requirements, and business
Slide 3: Company Overview
Company Overview Leading Provider of Semiconductors for Cellular IoT 2025 Revenue: $26.3M Global Presence Headquartered in France • Net of QC deal: $18.3M Q1’ 26 Revenue: $6.1M >200 Team Balance Sheet(1) 80% Engineering • $10.6 M cash Founded in 2003, Listed on NYSE • 1,514 BTC valued at $103.2M Tic
Slide 4: Growth Opportunities in Key IoT Markets
Growth Opportunities in Key IoT Markets Leading Market Position Market Share Gain Opportunity Smart Meters Healthcare Asset Tracking Smart City Security Systems Telematics Industrial Space & Defense Wearable Payment Industry Leaders Trust Sequans’ Technology Sequans Communications ©2026 | 4
Slide 5: Sequans Portfolio for IoT and SDR Applications
Sequans Portfolio for IoT and SDR Applications Chips & Modules for Chips & Modules for Chips & Modules for RF Transceivers for IP & Services LPWA Applications mid-speed Applications high-speed Applications SDR Applications (~1 Mbps) (~10 Mbps) (~100 Mbps) Sequans Communications ©2026 | 5
Slide 6: Transforming Product Design Pipeline in Revenue
Transforming Product Design Pipeline in Revenue Line-of-sight to Product Revenue supporting break-even goal in 2026 Qualified Opportunities Growth supported by both existing and new D-Wins, and new products launches Product Design Wins & Ins RedCap Radio eRedCap Cat 1bis Tranceiver >$550M including
Slide 7: Design Win Progress
Design Win Progress Q4 2025 >$300M Q2 2025 Design-Win $250M 3-years pipeline Q2 2026 Target Design-Win >50% in MP* 3-years pipeline i.e., $150M 3Y Annual Average Revenue 44% in MP* i.e., $132M 20% in MP* 3Y Annual Average Revenue *MP = mass production Private & Confidential | Sequans Communications
Slide 8: Financial Overview
Financial Overview Revenue : $6.1M Q1 2026 Seasonal decrease of 12.5% compared to the fourth quarter of 2025. Revenue in the first quarter of 2026 was 84% from Quarterly Revenue (M USD) product sales. R&D + SG&A expenses : $11.8M in Q1 2026 Down from $12.3M in Q42025. We maintain our goal of continu
Slide 9: Bitcoin Treasury Update
Bitcoin Treasury Update ▪ Proceeding with the full redemption of the outstanding debt to be nearly debt free on June 1st, 2026 and monetizing our BTC holding in disciplined manner. ▪ Transitioning away from the treasury strategy and focus on semiconductor business. Status on April 30th Projection on
Slide 10: Key Take Aways
Key Take Aways Setting the Stage for Sustainable Growth ✓ Transitioning away from the treasury strategy and focus on semiconductor business. Monetize our Bitcoin holdings over time in a disciplined manner. ✓ Revenue growth primarily from 4G and RF Product: >$300 million 3-year revenue design win pro
Slide 11: THANK YOU!
THANK YOU! Investor Relations: David Hanover / Robert Kelly ir@sequans.com linkedin.com/company/sequans-communications/ linkedin.com/company/sequans-communications/ twitter.com/Sequans twitter.com/Sequans youtube.com/user/SequansIoT youtube.com/user/SequansIoT sequans.com sequans.com