Sequans Communications SA. reported a fourth-quarter FY21 revenue decline of 12.5 percent year-on-year to $13.8 million, beating the consensus of $13.7 million. Product revenue declined 42.6 percent Y/Y to $6.9 million, and Services and license revenue rose 84.8 percent to $6.9 million. The gross margin expanded by 1,200 bps to 57.1 percent. Operating loss narrowed to…