Sequans Communications SA · NYSE:SQNS
Sequans Communications SA — Investor Presentation (January 2026)
11 slides from Sequans Communications SA's investor presentation, January 2026
Slide 1: Investor Presentation January 2026
Investor Presentation January 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 the financial condition, results of operations and business of Sequans, bitcoin treasury and business strategy for the remainder of 2025 and beyond. These forward-lo
Slide 3: Company Overview
Company Overview Leading Provider of Semiconductors for Cellular IoT with a Pioneering Bitcoin Treasury Global Presence IoT Business BTC Treasury Headquartered in France $20.6 M 2,139 BTC(1) >200 Team Revenue first 9-months 2025 Valued at $193M(2) 80% Engineering (ended Sep 30) Among the top 35 larg
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: Transforming Product Design Pipeline in Revenue
Transforming Product Design Pipeline in Revenue Line-of-sight to Product Revenue supporting break-even goal in 2026 Growth supported by both Qualified Opportunities existing and new D-Wins, and new products launches Product Pipeline of $550M Product revenue : Design Wins & Ins • $300M in Design-Wins
Slide 6: Q3 Update – Design Win Progress
Q3 Update – Design Win Progress Q3 $300M Q2 Design-Win 3-years pipeline $250M Design-Win 3-years pipeline Q4 Target +6 DWIN Projects + 5 MP* projects 45% in MP* i.e. $45M 3-Y Annual Average Revenue +3 MP* Projects 38% in MP* 20% in MP* *MP = mass production Private & Confidential | Sequans Communica
Slide 7: Financial Overview
Quarterly Revenue Financial Overview Revenue: $4.3M Q3 2025 $10.1 Revenue of $4.3M down 47.3% Q/Q and 57.5% Y/Y. In $8.1 Q2 2025 and 2024, revenue included significant license $4.3 and services revenue from Qualcomm related to the 2024 sale and license of intellectual property. Sep. 30, 2024 Jun. 30
Slide 8: Bitcoin Treasury Update
Bitcoin Treasury Update ▪ 2,139 BTC holding(1) (recently sold 970 BTC to reduce debt and strengthen ADS buyback program) ▪ BTC NAV at ~$193 million(2) ▪ Convertible debt $94.5 million (down from $189 million) ▪ Among Top 35 largest public Bitcoin Treasury companies(3) ▪ Unique European Bitcoin Treas
Slide 9: Balance Sheet Details
Balance Sheet Details Total $215.5 M $23M Cash (1) 522 Bitcoin Free ~ $47M (2) Convertible Debt : $94.5M Conversion Price: $21 1617 Bitcoin Maturity: July 2028 Interest : 0% in first year (6% 2nd year, 8% 3rd year) Securing Debt No Make-Whole Provision ~ $145M (2) 20% in MP* Net Asset Value (Cash +
Slide 10: Key Take Aways: IoT Business and Bitcoin Treasury
Key Take Aways IoT Business Bitcoin Treasury Setting the Stage for Sustainable Growth Disciplined and opportunistic approach to maximize Bitcoin per share ✓ Revenue Growth Primarily from 4G and RF Product: $300 million 3-year revenue design win ✓ Based on market conditions, maximize Bitcoin per proj
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
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