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Spectra7 Microsystems Inc

Spectra7 Microsystems Inc (SEV)

0.11
-0.005
(-4.35%)
Closed April 28 4:00PM

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Key stats and details

Current Price
0.11
Bid
0.10
Ask
0.11
Volume
123,750
0.10 Day's Range 0.115
0.00 52 Week Range 0.00
Market Cap
Previous Close
0.115
Open
0.115
Last Trade
500
@
0.11
Last Trade Time
Financial Volume
-
VWAP
-
Average Volume (3m)
-
Shares Outstanding
33,689,000
Dividend Yield
-
PE Ratio
-0.53
Earnings Per Share (EPS)
-0.21
Revenue
11.29M
Net Profit
-7.04M

About Spectra7 Microsystems Inc

Sector
Blank Checks
Industry
Semiconductor,related Device
Headquarters
Markham, Ontario, Can
Founded
2010
Spectra7 Microsystems Inc is listed in the Blank Checks sector of the TSX Venture Exchange with ticker SEV. The last closing price for Spectra7 Microsystems was $0.12. Over the last year, Spectra7 Microsystems shares have traded in a share price range of $ 0.00 to $ 0.00.

Spectra7 Microsystems currently has 33,689,000 shares outstanding. The market capitalization of Spectra7 Microsystems is $3.71 million. Spectra7 Microsystems has a price to earnings ratio (PE ratio) of -0.53.

SEV Latest News

Spectra7 Announces Preliminary 2024 First Quarter Revenue; Provides Liquidity Update

Spectra7 Announces Preliminary 2024 First Quarter Revenue; Provides Liquidity Update Canada NewsWire SAN JOSE, Calif., April 15, 2024 SAN JOSE, Calif., April 15, 2024 /CNW/ -- (TSXV: SEV) (OTCQB:...

Spectra7 to Demonstrate 800Gbps Active Copper Interconnects with Arista, Cisco and Other Leading Ethernet Alliance Members at OFC

Spectra7 to Demonstrate 800Gbps Active Copper Interconnects with Arista, Cisco and Other Leading Ethernet Alliance Members at OFC Canada NewsWire SAN DIEGO, March 26, 2024 Demo Targeted at AI and...

Spectra7 to Participate in Ethernet Alliance Multivendor 800Gbps Demonstration at OFC

Spectra7 to Participate in Ethernet Alliance Multivendor 800Gbps Demonstration at OFC Canada NewsWire SAN JOSE, Calif., March 19, 2024 Active Copper Cables Enabled with Spectra7...

AI Hyperscale Switch Manufacturer Confirms Market-Leading Performance of Spectra7- Enabled 800G Active Copper Cables

AI Hyperscale Switch Manufacturer Confirms Market-Leading Performance of Spectra7- Enabled 800G Active Copper Cables Canada NewsWire SAN JOSE, Calif., March 5, 2024 Debenture Maturity Extension;...

Dave Mier to Continue as Interim CFO

Dave Mier to Continue as Interim CFO Canada NewsWire SAN JOSE, Calif., March 1, 2024 Previous CFO, Bonnie Tomei, will not be Returning after Personal Leave SAN JOSE, Calif., March 1, 2024 /CNW/...

Spectra7 and ACES Announce Successful Demonstration of Industry Leading Performance for 800G Active Copper Interconnects

Spectra7 and ACES Announce Successful Demonstration of Industry Leading Performance for 800G Active Copper Interconnects Canada NewsWire SAN JOSE, Calif., Feb. 7, 2024 Demo at DesignCon 2024...

Spectra7 and Volex Announce Successful Demonstration of Industry Leading Performance for 800G Active Copper Interconnects

Spectra7 and Volex Announce Successful Demonstration of Industry Leading Performance for 800G Active Copper Interconnects Canada NewsWire SAN JOSE, Calif., Feb. 6, 2024 Demo at DesignCon 2024...

Spectra7 and MultiLane to Demonstrate Robust Performance Testing of 800G Active Copper Interconnects at DesignCon 2024

Spectra7 and MultiLane to Demonstrate Robust Performance Testing of 800G Active Copper Interconnects at DesignCon 2024 Canada NewsWire SAN JOSE, Calif., Feb. 1, 2024 Demo to Highlight Spectra7's...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
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SEV Discussion

View Posts
yp_1 yp_1 1 hour ago
I have a house that in my opinion costs 1.5m, but nobody seems to want to buy it! You get the idea…
👍️0
Spectra777 Spectra777 3 hours ago
If their patents are any good and robust enough... purchased by a large player who can monetize them in both a means of production and protection by suing those who infringe - that's their worth along with their team who can assist in rapid product rollout. For all we know management pulled out the.deal last minute as there was another, more appetizing (solid or potential) offer presented (either to their personal and/or retail investors benefit).
👍️0
GARYM1 GARYM1 3 hours ago
If it's VR/AR chip sets they are not worth much
👍️0
CleverAces CleverAces 19 hours ago
They have about $3m of inventory. What that inventory is made up of, i dont know. But, presumably some of it can be sold to somebody
🤡 1
GARYM1 GARYM1 19 hours ago
They do have other products other then 800 g
👍️0
yp_1 yp_1 20 hours ago
Re: “but i would expect he has some vested interest in this atleast morally”. There is no morality in play when it comes to money, and we all know that.
👍️0
yp_1 yp_1 20 hours ago
Why would one expect orders at this point in time? The qualifications are not complete yet. It takes 6 months, so we are looking at July as the earliest. And this was known when they announced the start of the qualification process in January.
👍️0
yp_1 yp_1 20 hours ago
Why would one expect orders at this point in time? The qualifications are not complete yet. It takes 6 months, so we are looking at July as the earliest. And this was known when they announced the start of the qualification process in January.
👍️0
Robert31 Robert31 1 day ago
https://www.bloomberg.com/news/articles/2024-04-27/ai-boom-s-secret-winners-the-companies-expected-to-power-it?utm_source=flipboard&utm_content=topic%2Fnews
👍️0
SEV123 SEV123 1 day ago
I mentioned that, not sure if anyone else did as well.

It was one investor that committed and then backed out.
👍️ 1
CleverAces CleverAces 1 day ago
Someone posted earlier that Ron said that when they gave him a call
👍️0
blue_skies blue_skies 1 day ago
YOU DO NOT WAIT TILL YOU ARE DRIVING ON FUMES TO LOOK FOR A GAS STATION.

I agree with most of what you wrote.
So why do you think that someone pulled out?
👍️0
CleverAces CleverAces 1 day ago
I really dont think we are done.
I am getting the sense that management and the board never expected to be in the position where they would run out of cash. All was smooth sailing, private placement in play, then everyone got blindsided by one or maybe more investors pulling out of the private placement. The reason for that could be related to s7 or maybe not.
For the board to protect themselves, they had to issue the press release just in case this thing does go belly up. I would imagine that if they never shared the liquidity update and the company randomly went bankrupt, they may be liable as directors for breach of fiduciary duty. Imagine that press release…. Company was finally rebounding in the market and then company announces they are done?
From talking to Dave he seemed very calm and unbothered by the whole situation. Maybe thats because he came out of retirement as an interim cfo and this wont impact him personally at all… but i would expect he has some vested interest in this atleast morally
👍️ 5 🤡 1 🤣 1
Robert31 Robert31 1 day ago
https://www.thestreet.com/investing/stocks/nvidia-set-to-capture-billions-as-microsoft-google-and-meta-boost-ai-spending?utm_source=flipboard&utm_content=topic%2Ftechnology
👍️0
CleverAces CleverAces 1 day ago
Just some small talk and other pointed financial questions… none of which he could answer/disclose
👍️ 2
SEV123 SEV123 1 day ago
Clever, from your post, "That's about all I will share."
Was there more?
🤣 1
SEV123 SEV123 1 day ago
Okay so provide the facts after your headline that "we are done"
Gary, I have no idea what's going to happen but you seem to know for sure.
From reading your post over the months I think you're bipolar, positive, negative, positive......
Again, I have no idea where this is going to land.
👍️ 1 🤡 1 🥜 1
SteveSchiets SteveSchiets 1 day ago
Charlie Munger always said ‘ you deserve what you get’

If you pleasure yourself with the suffering from others, karma will come for you.

Don’t be a bad human having the last laugh.
👍️ 4
SteveSchiets SteveSchiets 1 day ago
Thx cleveraces for the feedback.
I mentally took a loss here. Anything up from zero is good news. And it looks like they will close the PP next week. Not sure how much money S7 has to have in order to be ready for the second half of this year.

Fingers crossed.

👍️ 4
GARYM1 GARYM1 2 days ago
We are done.
Face facts
If they had orders the answer to that question would be yes.
👍️ 1 ✔️ 1
SEV123 SEV123 2 days ago
Thanks again Clever!
👍️0
SEV123 SEV123 2 days ago
We don't know what's going on. Take a look at dollars Meta is spending on AI that's here but around the corner. Many commented after the release of the financials but Meta said it's coming and they need to spend.

SEV can't make them move things faster but SEV can be ready for when that time comes.
👍️ 1 🥜 1
CleverAces CleverAces 2 days ago
Alright, so I tried calling Ron to get some information… his cellphone was turned off.

Dave, CFO, on the other hand answered. As expected he wasnt able to share much information.

Some questions I asked that I will share with you all -

I asked him what their current cash position is. He said that as of the last press release they had a little over 2 weeks in the bank. I thus got the impression that their statement was conservative in the press release, so i dont think it will be lights off on Monday.

I asked when we can expect news regarding cash position / private placement. He estimates within the next week.

I asked if they have since received any orders that would help with their liquidity… he wasnt able to comment.

I asked if management and the board still has a commitment to continue operating this company into the future.. his answer was a resounding yes.

Thats about all I will share.

He ended the call with “I hope to share positive news with you soon”

Im sure that will send many into a tailspin
👍️ 4 💩 1 🤡 1
yp_1 yp_1 2 days ago
Correct. And this will be the main problem for a while, despite what the cheerleaders of the board tell you. 25 gbps is still sufficient for most applications.
👍️0
CleverAces CleverAces 2 days ago
Not yet. They are too ahead of the market
🤡 1
GARYM1 GARYM1 2 days ago
Only if someone orders them,doesn't appear to have any takers.
👍️0
SEV123 SEV123 2 days ago
“Embedded with Spectra7's cutting-edge GC1122 chips, Volex's QSFP-DD High Speed #CableAssemblies soared past industry standards, delivering low pre-FEC bit error rates.”

Gotta be worth something.
👍️ 1 🗑️ 1 🤡 1
SEV123 SEV123 2 days ago
Thanks for update.

It is California after all and it is 3 hours behind.
👍️0
jacksonjohn jacksonjohn 2 days ago
Sadly SEV has every one on ignore except future and future is back to searching for the next SayWhatt?
👍️0
CleverAces CleverAces 2 days ago
A friend of mine called the CFO to see what is going on. CFO told him its management intention to continue the business and that they plan on getting financing whether its through the private placement, which is still in play, or by other means.

Friend also mentioned that the CFO sounded like he was sitting at home on his couch…
👍️ 1
yp_1 yp_1 2 days ago
Hi is long gone now. As it was supposed to happen. Karma is chasing him…
👍️0
SEV123 SEV123 2 days ago
"Hahahaha there is no way Future will be able to keep his hands off the keyboard, that's a guarantee!"

So far Future's kept his word.
👍️0
yp_1 yp_1 2 days ago
Life support is nearing its end. Few more days.
👍️0
yp_1 yp_1 2 days ago
No, SEV123, the entertainment is mine and Jack’s in this case. It entertains me to watch your replies.
👍️0
yp_1 yp_1 2 days ago
It seems he has got a 2nd mortgage against his property.
👍️0
SEV123 SEV123 2 days ago
Nothing better than living in a couple of posters heads rent free. Easy casting some bait and having them bite. LOL. Posting and un-posting is fishing rod.
👍️0
jacksonjohn jacksonjohn 2 days ago
Yes, it will shoot up. I hope you are buying all the shares you can.
👍️0
SEV123 SEV123 2 days ago
I agree Clever. I don’t know what is going to happen but I sure hope we ALL come out of this okay.
👍️ 1 😂 1
CleverAces CleverAces 3 days ago
Money is to be made when there is blood in the streets.
This thing is going to shoot up like a rocket once they announce financing. Atleast 3x from positive news.
Its easy to become paranoid when we are in the dark for what seems like such a long period of time since their unexpected news. But looking through the DD again, it makes no sense for this company to die now…
👍️ 1
yp_1 yp_1 3 days ago
Hey SEV123, resorting to calling names is a clear indication of losing control. Grasping at straws I guess.
💩 1 🤡 1
jacksonjohn jacksonjohn 3 days ago
How does it feel to be so wrong and still be in denial? I lost and accepted it.
👍️0
jacksonjohn jacksonjohn 3 days ago
This is just like the election being stolen conspiracy.. lol
👍️0
GARYM1 GARYM1 3 days ago
Sadly, we most likely have a few more trading days before we find out if it's lights out or not.
At the very least many here won't have to put up with the angst of other posters.
👍️0
SteveSchiets SteveSchiets 3 days ago
What is the A/S and will it be max out?
👍️0
SEV123 SEV123 3 days ago
I believe they did step up. We don't know who committed and then backed out. Ron I believe has over $2.5 million u.s. invested.
In tech for both management and employees it's all about stock options and that's what's suppose to keep them hungry, motivated.
👍️ 1
yp_1 yp_1 3 days ago
Normally, the directors (and higher) plus whoever owns 10%+ are the insiders. I have not heard about other categories.
👍️0
CleverAces CleverAces 3 days ago
I would include those that were approached for the private placement to be “insiders”. They may not necessarily be employed by S7. May include the institutional investors, etc etc
👍️0
jacksonjohn jacksonjohn 3 days ago
Insiders job is not to buy but to get SEVs to fund their salaries!!
👍️0
jacksonjohn jacksonjohn 3 days ago
I hope SEV leaves some shares for others!! Next time don’t put everyone with a different opinion on ignore!!! At least take away some lessons!!
👍️0
prototype_101 prototype_101 3 days ago
looks like pressure being put on the PPS now as shareholders see the time on the clock shrink and decide to take something vs nothing, however, they may be making a foolish sale if RP/RH do get something done to keep S7 alive, but presuming they do I can only imagine how horredously dilutive it would be, best would be a quick sale to MACOM or Semtech for even a fairly cheap valuation
👍️ 1 💯 1

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