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Technology Stocks : Sequans Stock Discussion
SQNS 5.300-2.8%Nov 26 4:00 PM EST

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To: JCnieuwenj who wrote (166)4/28/2021 10:54:00 AM
From: GaryMi1 Recommendation

Recommended By
JCnieuwenj

   of 198
 
It was pretty much as I had expected. I sold some ahead of earnings and bought it all back at a discount.
I’m disappointed in managements communication and general performance but the product pipeline seems to be on track.
Bad, loss of satellite deal after calling it 99.9%.
Bad, Q2 only 10% above Q1.
Bad, ADR count jumped significantly.
Good, talking about 2022 revenue at around $100 million.
Good, still talking about 50% average annual growth for the next 5 years.

Wish my level of confidence was higher but I think managements prior track record is a big part of why the stock price is where it’s at. Without their poor history the stock would be $10 easily on that narrative.
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