Spectra7 Microsystems Inc - SPVNF STOCK NEWS

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.

Spectra7 Microsystems announced that CEO Raouf Halim will present at the LD Micro Main Event MicroCap Investor Conference on October 12, 2021, at 9:30 AM PST. Following the presentation, Halim and CFO Bonnie Tomei will conduct investor meetings. The conference, running from October 12-14, 2021 at Luxe Sunset Bel-Air, Los Angeles, will feature approximately 150 companies presenting for 25 minutes each. For those unable to attend, virtual attendance options are available.

Spectra7 Microsystems Inc. reported preliminary unaudited Q3 2021 results, expecting revenue of approximately $1.5 million, up over 400% year-over-year and 100% sequentially from Q2 2021. Gross margin is anticipated at 58%, slightly down from Q2 2021's 59%. For Q4 2021, revenue is projected to range between $2.5 million and $3.5 million, driven by a burgeoning backlog exceeding $7.2 million. The company aims for EBITDA profitability in Q4 2021, indicating strong operational growth.