Spectra7 Micro (TSE:SEV) has released an update.
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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.