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. has reported a first-quarter revenue of $0.8 million for 2024, marking an increase from the previous quarter but a decrease from the same period last year. The company has successfully raised C$10.7 million in new capital and eliminated C$11.7 million in convertible debt, positioning itself for expected commercial orders in the latter half of 2024. Despite the revenue dip, the CEO expressed optimism for growth, bolstered by a stronger balance sheet and the absence of long-term debt.
For further insights into TSE:SEV stock, check out TipRanks’ Stock Analysis page.
