Spectra7 Microsystems Inc - SPVNF STOCK NEWS

Spectra7 Microsystems announces the commencement of production for its DreamWeVR™ chipset, following a significant design win from a major VR game platform provider. Initial shipments are underway and production is set to ramp over multiple years. The VR game industry is projected to grow from $7.9 billion in 2021 to $53.4 billion by 2028, presenting a lucrative opportunity for Spectra7. The chipset supports 4K HDR at up to 120Hz, enabling advanced VR experiences with ultra-low power consumption.

Spectra7 Microsystems reported impressive financial results for the fiscal year 2021, achieving $5.5 million in revenue, a remarkable 429% increase from 2020. The fourth quarter saw revenue soar to $2.6 million, marking a 591% year-over-year growth. Gross margin improved to 58%, up from 51% the previous year. However, the company continues to operate at a loss, reporting a basic loss per share of $(0.29). Looking ahead, revenue for Q1 2022 is estimated at $2.0 million, with anticipated growth in the first half of $5.5 to $7.0 million.

Spectra7 Microsystems Inc. reported preliminary Q1 2022 revenue estimates of approximately $2 million, due to Covid-related supply chain disruptions. The company's total customer orders for 2022 exceed $11 million, with unconstrained demand surpassing $20 million. Revenue for the first half of 2022 is projected to rise by 285% compared to the same period in 2021, reaching between $5.5 million and $7 million. The company is accelerating capital deployment to enhance supply and production capabilities.

Spectra7 Microsystems announced its participation at DesignCon 2022, showcasing a demonstration of 100Gbps server connectivity with Broadcom. The event will take place in Santa Clara, CA on April 6-7, 2022. The focus is on Active Copper Cables to meet the growing demands of hyperscale server interconnects, as the adoption of 56G PAM4 signaling rises. The global Ethernet adapter NIC market is projected to grow from $1.77 billion in 2019 to $16.30 billion by 2027, indicating a strong market opportunity. Spectra7 will exhibit at booth #1158.

Spectra7 Microsystems Inc. has announced a collaboration with Volex to develop next-generation Active Copper Cable (ACC) interconnects featuring Spectra7's GC1122 GaugeChanger™ chips, supporting data rates of 100Gbps to 800Gbps. This new technology aims to address growing power and cost challenges in data centers. Significant interest is noted from hyperscale customers for these 800Gbps ACCs. The GC1122 extends data rates from 56 to 112Gbps per lane, maintaining efficiency in longer copper connections without the expenses of optical solutions.

Spectra7 Microsystems (OTCQB: SPVNF) announced its participation in DesignCon 2022, taking place on April 6-7 in Santa Clara, CA. The company will showcase its innovative Active Copper Cable products designed for high-speed solutions up to 800Gbps. This event is a premier conference for high-speed interconnect technology, attracting engineers globally. Spectra7 aims to demonstrate its cutting-edge technology at booth #1158.

Spectra7 Microsystems Inc. (OTCQB: SPVNF) is set to showcase its new GC1122 chip at the Optical Fiber Conference (OFC) in San Diego from March 8-10, 2022. This chip supports 112Gbps PAM4 signaling, addressing the limitations of passive copper cables in high-speed data centers. The GC1122 extends cable reach to 4.5 meters while consuming only 200mW per channel—12 times less than optical solutions. CEO Raouf Halim noted significant interest from Hyperscalers in 400Gbps and 800Gbps cables enabled by this technology, signaling a growth opportunity for Spectra7's Active Copper Cables (ACCs).

Spectra7 Microsystems announced its participation in the Ethernet Alliance OFC 2022 Demo showcasing its GaugeChanger™ enabled 200G Active Copper Cables (ACCs). The demonstration, set for March 8-10, 2022, features connections between Arista's switches and Spirent test equipment. Tencent, a major client, utilizes these cables for a data center expansion, reportedly reducing interconnect CAPEX by 50% and power consumption. This highlights Spectra7's innovative technology that supports various Gbps standards while providing significant cost and energy savings.

Spectra7 Microsystems Inc. (OTCQB: SPVNF), a leader in high-performance analog semiconductor products, announced CEO Raouf Halim's participation at the 34th Annual Roth Conference on March 14-15, 2022, at The Ritz Carlton, Laguna Niguel, California. Spectra7 focuses on providing innovative solutions for broadband connectivity in data centers and immersive technologies. Investors are invited to arrange one-on-one meetings via the provided contacts. For further details or registration, visit this link.