Sequans Communications SA · NYSE:SQNS
Sequans Communications SA — Investor Presentation (February 2026)
11 slides from Sequans Communications SA's investor presentation, Feb 10, 2026
Slide 1: Investor Presentation
Investor Presentation February 10, 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 $27.2 M 2,139 BTC(1) >200 Team 2025 Revenue Valued at ~$150M(2) 80% Engineering Among the top 35 largest 54.3% public bitcoin trea
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 Qualified Opportunities Growth supported by both existing and new D-Wins, and new products launches Product Design Wins & Ins RedCap Radio eRedCap Tranceiver Cat 1bis >$550M including
Slide 6: Q4 Update – Design Win Progress
Q4 Update – Design Win Progress Q4 2025 >$300M Q2 2025 Design-Win 3-years pipeline $250M Design-Win 3-years pipeline Q2 2026 Target >50% in MP* 44% in MP* i.e., $132M 3Y Annual Average Revenue 20% in MP* *MP = mass production Private & Confidential | Sequans Communications ©2026 | 6
Slide 7: Financial Overview
Quarterly Revenue Financial Overview (M USD) Revenue : $7.0M Q4 2025 $7.0 Revenues increased 72.6% sequentially, driven primarily by growth in product revenue. Gross margin for the quarter was $4.3 37.7%, impacted by provisions for slow-moving inventory. Excluding these provisions, gross margin woul
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 ~$150 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 $163.1 M $13.4M Cash (1) 522 Bitcoin Free ~ $36.5M (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 ~ $113.2M (2) 20% in MP* Net Asset Value (C
Slide 10: Key Take Aways
Key Take Aways IoT Business Bitcoin Treasury Setting the Stage for Sustainable Growth Manage our Bitcoin digital asset treasury to ✓ Revenue growth primarily from 4G and RF Product: extract the full value underlying our Bitcoin >$300 million 3-year revenue design win projects. holdings and our treas
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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