|You said: "sounds like absolute panic to me" You're joking, right? A careful reader would recognize my points.|
When projects are delayed, so is revenue. We saw this in 2013-14.
Cat-M/NB-1 projects are delayed and thus revenue ramp also.
3.5Ghz projects are delayed and thus revenue ramp also.
When sales revenue, expected and displayed as dots on charts for investors, fails to arrive on schedule it leads to loss.
Every quarter of loss creates a record of performance judged by financiers. So far this dates back to 2012 and Sequans has displayed chart after chart saying they would approach break-even by... first EOY 2014, then 15, then 16, now 17.
Repeated losses, 17 quarters or so to date, eventually leads to financing drying up.
Thus, 'never closer' is a very rational statement and not laced with your imaginary panic.
I am posting they NEED to take action that has not yet been taken.
Perhaps that is what's new that your lack of careful reading missed. You grasped the low-hanging imaginary fear from your own mind, it seems.
A smart CEO acts ahead of that dire event as I posted regarding Alcatel.
Your criticism is unwarranted and my comment wrongly characterized as 'panic'.
Why call my stating the obvious 'panic' unless you are toying around and bored on a slow Sunday?