Sequans Communications S.A. provided revenue guidance for the first quarter and second quarter of 2021. For the period the company expected first quarter of 2021 revenue to follow the company’s typical seasonal pattern of a decline compared to fourth quarter, management has decided not to give specific quarterly guidance in view of the potential impact of industry-wide supply chain bottlenecks, which could delay some shipments. Excluding the potential for some ongoing impact of the industry-wide sourcing challenges, the company would expect to grow revenue sequentially in the second quarter of 2021 and throughout the remainder of the year.