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…

Online consumer spending in the United States during the holiday shopping season from Nov. 1 through Dec. 31 was weaker than expected according to Jan. 12 data from Adobe Analytics. Adobe covered more than one trillion visits to U.S. retail websites in its analysis. Continuing pandemic-related issues such as the supply chain crisis, rising inflation,…

Small businesses across the nation have already faced labor shortages and supply chain disruptions, the Biden administration’s vaccine mandate upon private sectors would exacerbate the situation further, according to Karen Harned, the small business legal center director of the National Federation of Independent Business (NFIB). “For months now they’ve been struggling to get enough workers…