SPECTRA7 MICROSYSTEMS INC - SPVNF STOCK NEWS

Spectra7 Microsystems reported significant financial growth, with 2022 revenue surpassing $11.3 million, a 107% increase from $5.5 million in 2021. The fourth quarter of 2022 also showed strong performance with revenue of $3.0 million, a 15% year-over-year rise.

Looking forward, the company anticipates generating revenue from its new 800G/1.6TB data center products beginning in the second half of 2023. Preliminary Q1 2023 revenue is expected to be $3.1 million, reflecting a 43% increase compared to Q1 2022.

On the cost side, non-IFRS operating expenses for Q4 2022 were $2.0 million, a 5% increase year-over-year.

Spectra7 Microsystems announced a partnership with Zhaolong Interconnect Technology Co. to supply Active Copper Cable assemblies featuring GC1122 GaugeChanger™ chips for North American and China data center markets. This collaboration aims to meet the increasing demand for faster interconnect speeds, particularly in hyperscale environments. Notably, the GaugeChanger™ technology is said to consume significantly less power compared to competitors, potentially reducing operational costs. The anticipated rollout of products utilizing this technology is expected to commence later in 2023.

Spectra7 Microsystems Inc. will participate in the KeyBanc Capital Markets 18th Annual Emerging Technology Summit on March 7, 2023, focusing on the Semiconductor Infrastructure Enablers track. The event will take place in San Francisco, California, at the Hyatt Regency Downtown SOMA. Investors interested in meeting with Spectra7 can contact their KeyBanc representative or reach out to investor relations via ir@spectra7.com. As a leading provider of high-performance analog semiconductor products, Spectra7 focuses on markets including data centers, 5G infrastructure, and virtual and augmented reality.

Spectra7 Microsystems Inc. (SPVNF) has partnered with ACES Electronics Co., Ltd to produce 800Gbps Active Copper Cable (ACC) assemblies aimed at North American hyperscalers and OEM/ODMs. The assemblies will incorporate Spectra7's innovative GaugeChanger™ technology, which significantly reduces power consumption compared to traditional methods. ACES reports substantial interest from major clients for these solutions as they prepare for next-generation data center deployments later in 2023. This collaboration is a strategic move to enhance accessibility and performance in the rapidly evolving data center market.

Spectra7 Microsystems Inc. (OTCQB:SPVNF) announced its entry into the rapidly growing Artificial Intelligence (AI) server connectivity market with the launch of its new GC1122 product, capable of supporting 800Gbps throughput. This product is designed to address the demand for high-performance interconnects as AI technologies gain traction. According to Grand View Research, the AI market was valued at USD 136.55 billion in 2022 and is expected to grow at a CAGR of 37.3% until 2030. The company also anticipates strong growth in specialized AI servers from 1.4 million units in 2022 to 4.7 million by 2026, indicating a robust market potential.

Spectra7 Microsystems showcased its innovative Active Copper Cables at the DesignCon Conference in Santa Clara, California, held from February 1-2, 2023. This event highlighted the increasing demand for 56G PAM4 signaling in hyperscale data centers, with projections estimating over 150 million interface shipments by 2024. The company's GaugeChanger™ technology enables longer copper cable lengths without the power and cost penalties associated with optical solutions. Spectra7 collaborates with partners like Molex and Broadcom to enhance connectivity capabilities, supporting bandwidths of up to 1.6Tbps.

Spectra7 Microsystems announces its collaboration with Volex to showcase the GC1122 GaugeChanger™ chip, aimed at enhancing 800Gbps data center interconnects. The demonstration is set for the DesignCon Conference on February 1-2, 2023, in Santa Clara, CA. The GC1122 chip increases data rates from 56Gbps to 112Gbps per lane and is expected to meet the growing demand for active copper solutions, projected to exceed $3B by 2026. CEO Raouf Halim emphasizes the strong customer demand for cost-effective 800G cables. This technology supports multiple Ethernet interface standards, further positioning Spectra7 in the evolving connectivity market.

Spectra7 Microsystems (OTCQB: SPVNF) announced its participation in the prestigious DesignCon 2023 exhibition, taking place from Feb 4-5, 2023, in Santa Clara, California. The company will showcase its innovative Active Copper Cable solutions capable of data speeds up to 800Gbps. DesignCon is recognized as a key conference for high-speed interconnects, attracting global engineering professionals. Spectra7 aims to highlight its leadership in high-performance analog semiconductors that support diverse connectivity markets, including data centers and 5G infrastructure. The company operates out of San Jose, California, with additional locations in Ireland and China.