Spectra7 Microsystems Inc V.SEV

Alternate Symbol(s): SPVNF

Technology Semiconductors

Spectra7 Microsystems Inc. is an analog semiconductor company. The Company delivers analog semiconductors at a bandwidth, speed and resolution to enable disruptive industrial design for electronics manufacturers in virtual reality (VR), augmented reality (AR), mixed reality, data centers, and other connectivity markets. It creates silicon products that enable copper cables to be longer, thinner, lighter and run at higher performance levels. Its family of products features a patented signal processing technology used in the design of active cables and specialty interconnects in data centers, VR, AR, and other connectivity products. It provides chips, such as HT8181 HDMI 2.0 In-Cable Equalizer, VR8200 Ultra-High-Speed DisplayPort Embedded Interconnect Processor, VR8300 Ultra-High-Speed DisplayPort Embedded Interconnect Processor, VR8050 Interconnect Processor, VR8051 Interconnect Processor, GC2502 Data Center Cable Processor, and GC1122 Dual Channel 112Gb/s PAM-4 Linear Equalizer.

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Spectra7 Microsystems Inc

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Post by WonderNews2on Nov 14, 2018 5:07pm

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Post# 28975835

Report Looks Positive....

Q3 2018 Financial Results

Revenue for the quarter ended September 30, 2018 was approximately $1.1million, representing an increase of approximately 30% from the priorquarter. Data Center prototype revenue nearly doubled in the third quarter of 2018 as compared to the prior quarter, while Spectra7 continues to enjoy a strong position in the virtual reality (“VR”) and mixed reality (“MR”) markets.
Gross margin1 as a percentage of revenue was approximately 50%, a decrease from 55% the prior quarter driven by a higher mix of lower margin parts for older generation VR programs.
Non-IFRS expenses2 were approximately $2.5 million, representing a decrease of approximately 11% from the prior quarter, while IFRS operating expenses were approximately $3.5 million, representing a decrease of approximately 3% from the prior quarter. The continued sequential decline in Non-IFRS expenses is due primarily to continued cost reductions and expense management.
Adjusted EBITDA3 loss was $1.7 million, which was a 19% improvement from the $2.1 million EBITDA loss in the prior quarter.