Firm

Equity Analyst

B. Riley FBR, Inc. Craig Ellis
 Canaccord Genuity, Inc.  T. Michael Walkley
 Needham & Company  N. Quinn Bolton
 Northland Capital Markets  Gus Richard
Robert W. Baird & Company Tristan Gerra
Roth Capital Scott Searle

Sequans does not distribute analyst reports nor endorse any analyst’s projections, which are proprietary to each analyst and subject to change at any time. You are encouraged to contact analysts directly to acquire their reports and latest projections. See Sequans’ SEC filings for a discussion of risks and uncertainties.