Welcome to our dedicated page for SPECTRA7 MICROSYSTEMS news (Ticker: SPVNF), a resource for investors and traders seeking the latest updates and insights on SPECTRA7 MICROSYSTEMS stock.
Spectra7 Microsystems Inc. is a high-performance analog semiconductor company based in San Jose, California, with design and technical support centers in Cork, Ireland, and Dongguan, China. The company specializes in delivering unprecedented bandwidth, speed, and resolution for leading electronics manufacturers in various markets including virtual reality, augmented reality, mixed reality, and data centers. Spectra7 recently announced its expected revenue for the first quarter of 2024, emphasizing its focus on commercial production and sales of its industry-leading Active Copper Cable products. The company is exploring strategic alternatives to enhance shareholder value, including emergency funding, restructuring, sale, or merger. With a vision to enable disruptive industrial design, Spectra7 continues to drive innovation and connectivity in the semiconductor industry.
Rhea-AI Summary
Spectra7 Microsystems Inc. has received its first order for production GC1122 chips supporting Active Copper Cables (ACCs) operating at speeds up to 800 Gbps and 1.6 Tbps from a major China cable supplier. The company expects qualification activities to be complete in Q2 to support significant deployments in the second half of 2024 at several Hyperscalers, with the ACC connectivity market opportunity estimated to reach $1 billion by 2027. Spectra7's analog based GaugeChanger™ GC1122 chips offer significant cost, size, and energy consumption savings vs. competing technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.28%
Tags
-
Rhea-AI Summary
Spectra7 Microsystems Inc. (TSXV:SEV) (OTCQB:SPVNF) announced successful testing with leading datacenter equipment and cable manufacturers, advancing hyper-scale development plans for 2024. The company expects fourth quarter revenue of $0.1 million and full-year 2023 revenue of $9.7 million. Spectra7 also reported successful validation of its latest chips for 800/1600Gbps interconnects, with mass production and deployment being accelerated for U.S. data centers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-20.65%
Tags
-
Rhea-AI Summary
Spectra7 Microsystems Inc. (TSXV:SEV) (OTCQB:SPVNF) is participating in the Ethernet Alliance Higher Speed Networking Plugfest for port data rates ranging from 25 Gigabits per second (Gbps) to 800Gbps. The weeklong event will allow Ethernet Alliance members, equipment manufacturers, test and measurement professionals to test and improve interoperability of their solutions. Spectra7's GaugeChangerTM technology offers significant cost, size, and energy consumption value to the Ethernet community.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.38%
Tags
Rhea-AI Summary
Spectra7 Microsystems Inc. (SEV:TSXV) (SPVNF:OTCQB) will present at the Emerging Growth Virtual Conference on December 6-7, 2023. The company is a leading provider of high-performance analog semiconductor products for broadband connectivity markets. Investors can register for the webcast presentation for free on the Emerging Growth Conference website and submit questions in advance. Spectra7 will also be available for individual investor meetings after the presentation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
-
Rhea-AI Summary
Spectra7 Microsystems Inc. (TSXV:SEV) (OTCQB:SPVNF) appoints David Mier as Interim Chief Financial Officer due to the personal leave of absence of CFO Bonnie Tomei. Mier, a former CFO of the company, brings extensive tech industry experience and over 30 years of senior financial executive experience. The appointment is expected to last approximately three months, with the possibility of adjustment. Raouf Halim, CEO of Spectra7, expressed gratitude to Tomei and extended best wishes, while welcoming Mier's return.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.04%
Tags
-
Rhea-AI Summary
Spectra7 Microsystems Inc. announced a record revenue of $9.6 million for the first nine months of 2023, with a third-quarter revenue of $3.2 million. The company expects significant sales opportunities for its Active Copper Cable solutions and anticipates a second-half revenue outlook of $6.0 million to $6.8 million. The CFO is taking a personal leave of absence due to a family medical matter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.63%
Tags
News
Rhea-AI Summary
Spectra7 Microsystems Inc. announces preliminary unaudited revenue results for Q3 2023 and updates outlook for the second half of 2023. Q3 revenues expected to be $3.1 million with operating expenses of $2.5 million. Second half revenue outlook revised to $6.0 million to $6.8 million. ACC connectivity market opportunity estimated to reach $1 billion by 2027.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.13%
Tags
-
Rhea-AI Summary
Spectra7 appoints Steffen Hahn as Senior VP, Engineering
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.74%
Tags
-
Rhea-AI Summary
Spectra7 Microsystems to present at LD Micro Main Event XVI on October 3rd at 09:30 am PT
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.63%
Tags
Rhea-AI Summary
Spectra7 CFO Bonnie Tomei recognized as top CFO for public companies with less than $1B market cap
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.9%
Tags
FAQ
What is the current stock price of SPECTRA7 MICROSYSTEMS (SPVNF)?
The current stock price of SPECTRA7 MICROSYSTEMS (SPVNF) is $0.0817 as of December 24, 2024.
What is the market cap of SPECTRA7 MICROSYSTEMS (SPVNF)?
The market cap of SPECTRA7 MICROSYSTEMS (SPVNF) is approximately 16.3M.
Where is Spectra7 Microsystems Inc. headquartered?
Spectra7 Microsystems Inc. is based in San Jose, California, with additional design and technical support centers in Cork, Ireland, and Dongguan, China.
What are the core business operations of Spectra7 Microsystems Inc.?
Spectra7 specializes in delivering high-performance analog semiconductor products to leading electronics manufacturers in markets such as virtual reality, augmented reality, mixed reality, and data centers.
What recent announcement did Spectra7 make regarding its revenue?
Spectra7 announced its expected revenue for the first quarter of 2024, highlighting its focus on commercial production and sales of its Active Copper Cable products.
What strategic alternatives is Spectra7 exploring?
Spectra7 is exploring strategic alternatives to enhance shareholder value, including emergency funding, restructuring, sale, or merger.
How does Spectra7 aim to drive innovation?
Spectra7 aims to enable disruptive industrial design by delivering unprecedented bandwidth, speed, and resolution through its analog semiconductor products.
SPECTRA7 MICROSYSTEMS INC
OTC:SPVNF
SPVNF Rankings
SPVNF Stock Data
16.25M
117.44M
13.76%
29.53%
Semiconductor Equipment & Materials
Technology
United States of America
San Jose