SPECTRA7 MICROSYSTEMS INC - SPVNF STOCK NEWS

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.

Spectra7 Microsystems announced participation in the Alliance Global Partners Virtual Emerging Growth Technology Conference on February 2, 2022. CEO Raouf Halim and CFO Bonnie Tomei will represent the company, which focuses on high-performance analog semiconductors for broadband connectivity. The management will also be available for virtual meetings with institutional investors. Interested parties can contact the company’s investor relations at ir@spectra7.com for scheduling.

Spectra7 Microsystems Inc. has reported a preliminary fourth quarter 2021 revenue of approximately $2.6 million, marking a 600% increase year-over-year. The company expects unconstrained demand for 2022 to exceed $20 million, bolstered by a backlog of $9 million. While fourth-quarter gross margin improved to 59%, challenges due to industry-wide supply constraints have impacted order fulfillment. Spectra7 anticipates Q1 2022 revenue between $3.0 million and $4.0 million amid ongoing supply chain issues.

Spectra7 Microsystems Inc. announced on December 13, 2021, the completion of amendments to its existing 7% unsecured convertible debentures. The amendments, effective December 9, 2021, maintain the conversion price at $2.50 per common share until maturity, specifically through July 9, 2022. The interest rate and other debenture features remain unchanged. This strategic move enables the company to preserve its current conversion price, providing stability in the capital structure amidst its focus on high-performance analog semiconductor products for connectivity markets.

Spectra7 Microsystems Inc. (OTCQB:SPVNF), a leader in high-performance analog semiconductors, will present at the SNN Network Canada Virtual Event 2021 on December 8, 2021, at 1:30 PM EST. CEO Raouf Halim and CFO Bonnie Tomei will lead the presentation and engage with investors. Interested parties should register in advance for the event via the provided links. Following the presentation, webcasts will be available on the conference platform. Spectra7 specializes in delivering enhanced bandwidth and speed for various connectivity markets.

Spectra7 Microsystems Inc. (SPVNF), a leader in high-performance analog semiconductor products, announced its participation in the Benchmark Company Discovery One-on-One Investor Conference on December 2, 2021. CEO Raouf Halim and CFO Bonnie Tomei will attend virtually. Management will also be available for meetings with interested investors. The company specializes in providing advanced bandwidth and resolution for the electronics industry, including applications in virtual reality and data centers.

Spectra7 Microsystems Inc. reported Q3 2021 revenue of $1.57 million, marking a 114% sequential increase and a 456% year-over-year growth. Despite a slight decrease in gross margin to 57%, operating expenses rose to $2.04 million. The company anticipates Q4 revenue between $2.5 million and $3.5 million, signaling potential EBITDA profitability. CEO Raouf Halim highlighted strong order backlog and new design-ins for their Active Copper Cable technology, supporting positive growth outlook.

Spectra7 Microsystems Inc. announced on November 16, 2021 that the TSX Venture Exchange (TSXV) has conditionally accepted amendments to its 7% unsecured convertible debentures. The proposed amendment involves changing the conversion price from $5.00 to $2.50 per common share, effective from January 10, 2022 to July 9, 2022. If approved, the conversion price will remain at $2.50 until maturity. Final approval from the TSXV and an extraordinary resolution from debenture holders are pending.

Spectra7 Microsystems Inc. will present at the Ladenburg Thalmann Virtual Technology Expo on November 18, 2021, at 3:30 PM EST. CEO Raouf Halim and CFO Bonnie Tomei will lead the presentation, with one-on-one meetings available for investors. Interested parties can register to watch the presentation online. Additionally, the Company plans to release its third quarter financial results for the period ended September 30, 2021, on November 29, 2021.