Spectra7 Micro (TSE:SEV) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
