COLOMBES, France (AP) — COLOMBES, France (AP) — Sequans Communications SA (SQNS) on Tuesday reported a loss of $87.1 million in its fourth quarter.
The Colombes, France-based company said it had a loss of $5.62 per share. Losses, adjusted for one-time gains and costs, were $1.19 per share.
The chip company posted revenue of $7 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $7.1 million.
For the year, the company reported a loss of $102.4 million, or $11.81 per share. Revenue was reported as $27.2 million.
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