Spectra7 Micro (TSE:SEV) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Spectra7 Microsystems Inc. reported a second quarter revenue of $0.9 million, a slight increase from the first quarter but a substantial decrease from the previous year. Despite this, the company improved its financial position by completing a private placement of $12.5 million and eliminating $11.7 million in debt, and is now focused on testing its 100Gbps active copper cable products with potential datacenter customers.
For further insights into TSE:SEV stock, check out TipRanks’ Stock Analysis page.