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Spectra7 Microsystems Inc

Spectra7 Microsystems Inc (SEV)

0.115
0.005
(4.55%)
Closed November 10 4:00PM

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
0.115
Bid
0.105
Ask
0.135
Volume
20,500
0.10 Day's Range 0.115
0.08 52 Week Range 0.88
Market Cap
Previous Close
0.11
Open
0.11
Last Trade
5000
@
0.115
Last Trade Time
Financial Volume
-
VWAP
-
Average Volume (3m)
11,843
Shares Outstanding
40,300,000
Dividend Yield
-
PE Ratio
-0.54
Earnings Per Share (EPS)
-0.2
Revenue
9.95M
Net Profit
-8.18M

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 $0.11. Over the last year, Spectra7 Microsystems shares have traded in a share price range of $ 0.08 to $ 0.88.

Spectra7 Microsystems currently has 40,300,000 shares outstanding. The market capitalization of Spectra7 Microsystems is $4.43 million. Spectra7 Microsystems has a price to earnings ratio (PE ratio) of -0.54.

SEV Latest News

Spectra7 Microsystems to Present at the LD Micro Main Event XVII on October 29 in Los Angeles

Spectra7 Microsystems to Present at the LD Micro Main Event XVII on October 29 in Los Angeles Canada NewsWire SAN JOSE, Calif., Oct. 21, 2024 SAN JOSE, Calif., Oct. 21, 2024 /CNW/ -- (TSXV:SEV...

Spectra7 and I-PEX to Demonstrate 800G Active Copper Internal Cables for Next Generation 25.6T Data Center Switches at OCP

Spectra7 and I-PEX to Demonstrate 800G Active Copper Internal Cables for Next Generation 25.6T Data Center Switches at OCP Canada NewsWire SAN JOSE, Calif., Oct. 16, 2024 I-PEX will Offer...

Spectra7 Announces Financial Results for Second Quarter 2024

Spectra7 Announces Financial Results for Second Quarter 2024 Canada NewsWire SAN JOSE, Calif., Aug. 29, 2024 Strengthened Balance Sheet with C$12.5 Million in New Capital in the Second Quarter...

Spectra7 Announces Results of its 2024 Annual and Special Meeting of Shareholders

Spectra7 Announces Results of its 2024 Annual and Special Meeting of Shareholders Canada NewsWire SAN JOSE, Calif., June 28, 2024 SAN JOSE, Calif., June 28, 2024 /CNW/ -- (TSXV:SEV) (OTCQB:SPVNF...

Spectra7 Announces Retirement of CEO Raouf Halim; Board Chair Ron Pasek to Assume Role on Interim Basis

Spectra7 Announces Retirement of CEO Raouf Halim; Board Chair Ron Pasek to Assume Role on Interim Basis Canada NewsWire TORONTO, June 17, 2024 TORONTO, June 17, 2024 /CNW/ -- (TSXV: SEV) (OTCQB:...

Spectra7 Announces Closing of Second Tranche of Private Placement for $1.8 Million

Spectra7 Announces Closing of Second Tranche of Private Placement for $1.8 Million Canada NewsWire TORONTO, June 13, 2024 THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS...

Spectra7 Announces Financial Results for First Quarter 2024

Spectra7 Announces Financial Results for First Quarter 2024 Canada NewsWire SAN JOSE, Calif., May 30, 2024 Subsequently Closed C$10.7 Million in New Capital in May 2024 Eliminated C$11.7 Million...

Spectra7 Announces Closing of First Tranche of Private Placement of $10.7 Million and Completion of Amendments to Existing Debentures to Permit Forced Conversion

Spectra7 Announces Closing of First Tranche of Private Placement of $10.7 Million and Completion of Amendments to Existing Debentures to Permit Forced Conversion Canada NewsWire TORONTO, May 10...

Spectra7 Microsystems Inc. Announces Private Placement and Amendments to Existing Debentures to Permit Forced Conversion

Spectra7 Microsystems Inc. Announces Private Placement and Amendments to Existing Debentures to Permit Forced Conversion Canada NewsWire TORONTO, May 6, 2024 First Tranche of approximately $10.2...

Spectra7 Announces Financial Results for Year Ending December 31, 2023

Spectra7 Announces Financial Results for Year Ending December 31, 2023 Canada NewsWire SAN JOSE, Calif., April 29, 2024 Company Reiterates Guidance for Q1 2024 and Provides Liquidity Update SAN...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1000.1150.1250.1201090.11619458CS
4-0.005-4.166666666670.120.150.1262200.12543995CS
12-0.015-11.53846153850.130.160.1118430.12714924CS
26-0.015-11.53846153850.130.160.1192650.13035924CS
52-0.495-81.14754098360.610.880.08326530.27402038CS
156-1.845-94.13265306121.963.020.08274800.86422839CS
2600.093600.0253.020.0154562340.07897944CS

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SEV Discussion

View Posts
SunnyBard71 SunnyBard71 10 hours ago
Go sale all shares and move on
👍️0
yp_1 yp_1 3 days ago
Someone liked the post about the 300k shares that have been gifted to a company employee. What to like here is beyond me TBH…
👍️0
GARYM1 GARYM1 3 days ago
I have reserved myself to the fact this is dead.
👍️0
Spectra777 Spectra777 4 days ago
I think it is safe to say that regardless of his inability to carry the presentation that his overall demeanor suggested that SEV finds itself in a very precarious position - up sh*ts creek without any chip sales.

The immediate end may not be near, but as recently mentioned, most of us long time holders will likely see little to no return. The latter likely at this point. We can average down, as some of us have, but how much more does one want to put at risk when their present position is so weak.
👍️0
yp_1 yp_1 4 days ago
If no partner found within a year, we are dead. Another round of dilutive financing will simply kill us.
👍️0
prototype_101 prototype_101 4 days ago
not looking too good SVE the markets were up big yesterday and SPVNF traded at 0.07 albeit on very low volume, in any case, it's looking like there is no interest here by investors and the recent LD interview suggests more waiting days ahead
👍️ 1
SiliconValleyExec SiliconValleyExec 4 days ago
He's working for shares in lieu of pay to keep costs down? Hmm.
👍️0
SEV123 SEV123 4 days ago
Filed 2024-11-06 14:37
Tx date 2024-11-01 $SEV
Spectra7 Microsystems Inc. Mier, David Edward
5 - Senior Officer of Issuer
Direct Ownership

Restricted Share Units
56 - Grant of rights
+300,000 vol 300,000
👍️ 1
yp_1 yp_1 4 days ago
Considering how Trump treats China, nothing good for us. IMHO.
👍️0
Robert31 Robert31 4 days ago
Curious if the Trump win will have any effect on Spectra7's prospects.... any honest, knowledgeable opinions?
👍️0
yp_1 yp_1 4 days ago
And shorts never miss their profit with this stock.
👍️0
beurstips beurstips 4 days ago
CRDO 44$ ...i posted here months ago to diversify in this sector and also buy CRDO (was under 20$)..

i hope some did diversify...

spectra7 is dead money till deals/revenues are announced...maybe never...maybe next year but long time investers will never get their money back...only those that bought at 0.15 or under will be happy when they annouce a buy out or revenues...i guess 0.3 till 0.5cad is max what we will see IF we get buy out or revenues...
👍️0
yp_1 yp_1 4 days ago
"You must be nuts not to buy at these levels!"
👍️0
yp_1 yp_1 5 days ago
Invested since end of 2017. How many more days do you think I have to wait and maintain optimism before we win? Sorry for a rhetorical question that does not have to be answered.
And I am in my 60s already…
👍️0
RiskyRascal RiskyRascal 5 days ago
Come on, yp_1, you keep saying the same thing like you’re yearning pessimism, 1st edition. Not every stock is a win from day one. Maybe let’s see how it plays out before claiming you’ve got it all figured out!
👍️0
RiskyRascal RiskyRascal 5 days ago
Come on, yp_1, you keep saying the same thing like you’re yearning pessimism, 1st edition. Not every stock is a win from day one. Maybe let’s see how it plays out before claiming you’ve got it all figured out!
👍️0
yp_1 yp_1 5 days ago
Yes, RiskyPascal, truth is often hard to realize...
👎️ 1
SiliconValleyExec SiliconValleyExec 5 days ago
People who invested after the last financing just see a tiny company with the potential to become a medium company. They'd likely be happy with that. It is you who is unhappy and lashing out. But that is your right.
👍️0
yp_1 yp_1 5 days ago
I wonder what is it members of the board still hope for? Especially the new ones who joined after the last financing fiasco. Still excited and optimistic?
👎️ 1
yp_1 yp_1 5 days ago
In this case, better skip the presentation than conduct it the way it was.
👎️ 1
yp_1 yp_1 6 days ago
If you follow previous releases closely, they never provide any outlooks. Ever...
👎️ 1
SEV123 SEV123 6 days ago
When I spoke to someone about John Mitchell's presentation at LD, he gave them a break as he says J.M. usually talks to a different crowd, technical guys and he was talking to a financial crowd, not his comfort level.

Any word on how things went here.
SAN JOSE, Calif., Oct. 16, 2024 /CNW/ -- (TSXV:SEV) (OTCQB:SPVNF) Spectra7 Microsystems Inc. ("Spectra7" or the "Company"), a leading provider of high-performance analog semiconductor products for broadband connectivity markets, today announced that I-PEX Inc. ("I-PEX"), a leading Japan-based connector and cable supplier, will offer the CABLINE®-CA IIEQ PLUS 112G active copper cable (ACC) to hyperscalers and OEM/ODMs that will include Spectra7's 112G PAM4 GC1122 GaugeChanger™ chips. I-PEX will be demonstrating this new product at the OCP Global Summit to be held in the San Jose Convention Center, Calif., October 15-17, 2024.
👍️ 1
$$$83 $$$83 6 days ago
So next earnings should be released later this month I assume , the past few quarters revenue was low ,looking fwd to an outlook that guarantees current investors confidence in it long-term
👍️0
$$$83 $$$83 6 days ago
So next earnings should be released later this month I assume , the past few quarters revenue was low ,looking fwd to an outlook that guarantees current investors confidence in it long-term
👍️0
SiliconValleyExec SiliconValleyExec 6 days ago
Bankruptcy is protection against debt. S7 does not hold any debt and therefore would not need bankruptcy protection. Please have your facts straight before messaging falsehoods.
👍️ 2
yp_1 yp_1 6 days ago
Dead money for undetermined period of time. Pray they don’t go bankrupt…
👎️ 1
Spectra777 Spectra777 7 days ago
His body language as far as "going after" smaller players (which should perhaps be core to their growth strategy if they had one) doesn't suggest they have much in the way or time, talent or resources to even do so.

We're both in a position to merely guess here what near term opportunities exist, but there appears to be no one who can confidently speak as to any near term sales opportunities with a 6 million dollar annual burn rate, outside of any other investment requirements and unexpected bumps in the road.

He appears to be "hopeful" as to some of the remaining possibilities with some of the larger HS while at the same time mentioning they'd essentially require financial backing to secure any large orders to which no such partnership exists, unless I misunderstood his comments. All this while all the big money in ever sense is being invested elsewhere. The cart (partnership) would likely need to come before the horse (sales opportunities). Any big HS isn't going to embarrass themselves with a start up that doesn't have the track record or capital to fulfill any given request.

If their tech wasn't replaceable or served as a major competitive threat you'd expect that someone would be at their door knocking with either a partnership worth mentioning or an offer to buy them outright. Perhaps we will see something of this nature appear in the new year. I'll remain more skeptical versus "hopeful" as per their 10 year track record.

As mentioned before S7 is an ideal candidate to work with behind the scenes before going to a larger player who can securely fulfill orders at scale and come close enough to S7 specs. S7 doesn't have the legal resources and clout to lock down any hyperscaler beyond a typical NDA.

If they have enough revenue coming in to grow organically over time that would be one thing, but they appear to be putting all their hopes and prayers in the bigger players if you read between the lines and shoulder shrugs. All with no mention of making any headway in any other category to maintain any forward momentum.

Let the waiting game continue I guess.
👍️ 3
SiliconValleyExec SiliconValleyExec 1 week ago
A couple of things regarding your message. First, yes they fully admitted to losing to Macom with Nvidia. And they fully admit to not having all the big boys chasing their offering. But he so very clearly did day they are going after the smaller players. He so very clearly said they have several hyperscalers currently testing their offering. He so very clearly said that they do have inroads with China hyperscalers. He so very clearly did say that Tencent has begun their second phase of S7 deployments, saying that it "continues."

So while true that they did not get Nvidia, it is so very clear that they have quite a few other players they are either already working with (China) or may also soon be working with (US companies currently evaluating).

Thanks for your input.
👍️ 2
Spectra777 Spectra777 1 week ago
It was more revealing than uninspiring. As a senior executive who I assume is privy to all present sales leads and prospects, he fully admitted they have no plan and are purely at the mercy of other companies that have shown no interest in partnerships while bigger players (of ACCs) gobble up the contracts (relationships).

He could have specifically stated one part of their strategic growth plan is to target smaller DCs, but he didn't even commit/confirm any such strategy. It's not like they have not had any time to formulate strategy.

He threw up his hands and shrugs his shoulders. His body language said it all as having no solid leads nor serious attempts to establish any give kind of sales strategy or objectives.

Was he just there to explain their inner workings or their product? He might want to hire someone, um, that can, um, speak so he can focus on the pressing issue of formulating a clear strategic growth plan.

What do they even need him for if he can't define their present approach? That's a very fair question considering his executive position. Even a fake it until you make it approach to at least improve optics of their vicarious position look more appetizing to potential investors, partners, customers etc would be better than nothing. People and companies buy confidence not doubt.

This isn't to say it's easy to break into the market, but that's besides the point. He fully admits to having NO plan or clear guidance with an unsustainable burn rate. That's no recipe for success nor does it give them much negotiating room when it comes to selling their patents.

It's one thing to be a small company with a vision and game plan for growth and another to be a company that stands there and says we're "hoping" for a miracle while failing to attract or attempt to fill the CEO position.

At this point S7 should at least provide clearer direction to shareholders now that they have admitted to missing the boat. That's what a company with any kind of future to speak of (or value) would do.
👍️ 1
Robert31 Robert31 1 week ago
one uninspiring presentation and now the Spectra7 opportunity seems flat as the stock price reflects. One press release on revenue and ? ... We wait.
👍️0
SiliconValleyExec SiliconValleyExec 1 week ago
I agree. This company may not get all the biggest deals out there, but there are plenty of tech companies in niche markets that still do great. They can get the Tencents and other smaller deals for many years. If they don't get bought, maybe they don't become the 10 billion dollar giant but a niche player getting a few hundred million in sales over the years. This ain't over.
👍️ 3
prototype_101 prototype_101 1 week ago
ok, I just listened to the LD presentation again and I come away a bit more positive, although he did say S7 "was late" for 800gb I don't think all the dust has settled yet on 800gbs, I think S7 may still have opportunity with other hyperscalers at 800gb in addition to going after the scraps of the smaller DC's

https://www.reddit.com/r/SPECTRA7/?rdt=37579

I was listening while working on something else, so I may have to listen again when I'm more focused, but the 2nd listen was more positive for me anyways
👍️ 1
prototype_101 prototype_101 1 week ago
if that was the case, then it begs the question why any company that wanted to acquire S7 didn't jump in on the most recent PP which took seemingly forever to get done and was disastrously dilutive, they could have easily grabbed 5% or more but they didn't, maybe Tencent in China will save the day, they partnered with S7 way back in 2019

it's going to be hard to trust anything S7 tells investors now after they told investors they "weren't ready in time" for 800gb when everything that was told to investors for the past year or so said they were at the ready just waiting for Tomahawk 5 switches to enable the need for S7 ACC's

so if the real reason S7 is on the outside looking in is because they simply lost out to MACOM and Semtech at 800gb, then how hard is it going to be to believe even if they were "ready" for 1600gbs that they would be able to unseat these larger companies already in the door supplying 800Gb?

S7 investors best hope imo is a buyout for the Patents, just not sure what value they can extract from the financial position they are now in, if they continue to just burn through the remaining cash the coffers will be empty a year from now, and another PP seems almost impossible to imagine now
👍️ 1
SiliconValleyExec SiliconValleyExec 1 week ago
Ahh but I have violated my own request for the two of us to part ways. I accept the blame. Moving forward.
👍️0
SiliconValleyExec SiliconValleyExec 1 week ago
So if Cisco saw the Dot Com boom coming way back in 1990, but some investors waited to jump in 1998, would you also tell them their timing was bad? Yes, it took 13 years, but it's Here now. Should we all just say No Thanks? Shall we let it just pass us by now that it's finally here? My goodness.
👍️ 1
yp_1 yp_1 1 week ago
Quickly? According to the recent presentation, 13 years and counting…
👎️ 1
jacksonjohn jacksonjohn 1 week ago
DJT and this are cooked!
👍️0
SEV123 SEV123 1 week ago
Like you said SVE, it's all about the timing. Things are changing quickly and something that wasn't that important 6 to 12 months ago might just be now.
👍️0
SiliconValleyExec SiliconValleyExec 1 week ago
Financings do not set the value of a company. Investors purchase raises specifically because they are usually well below what they believe they can sell for. Why would any accredited investor pay a price that they believe is fair value? There would be no how of gain. Now with the less than stellar company deals, it may not go as high as those investors has hoped, but the last round is still well below fair value.
👍️ 1
SEV123 SEV123 1 week ago
I said months back that CREDO needs an SEV. I mentioned at that time when SEV was raising that both used same house to raise funds.
CREDO needs SEV's technology but if it is as good as RH, 650 Group said then maybe other parties interested. Here's to hoping.
👍️ 1
SEV123 SEV123 1 week ago
Many companies in this sector have been purchased when not making or even losing money. A few companies come to mind and they received huge premiums. We hope that it applies to SEV.
👍️0
yp_1 yp_1 1 week ago
And you bet all you money on that…
👎️ 1
prototype_101 prototype_101 1 week ago
not sure why anyone would think S7 would be worth any more than the last round of financing valued the company, I see no evidence of additional value added since then, in fact, just more cash burn, right? and what percent of S7 is now owned by the most recent PP? I know it is quite a considerable percent, anyone know off the top what that percent is?
👍️ 1
SiliconValleyExec SiliconValleyExec 1 week ago
Their timing has historically been just terrible. This time it is just perfect. AI is really driving a revolution. Maybe I was wrong. Maybe Credo would be a wanting suitor to get them in the game against Nvidia.
👍️ 2
SEV123 SEV123 1 week ago
This is the tech sector, when they really want something, they tend be pay a real nice premium.
👍️0
SiliconValleyExec SiliconValleyExec 1 week ago
Based on Ron's investments I must think he'd like to get that back. That would put it a lot higher than the current. If he's successful you can put it at closer to a dollar at least.
👍️ 1
SteveSchiets SteveSchiets 1 week ago
The new slides were pretty decent, imo. I'm always impressed how they are made.
👍️0
SteveSchiets SteveSchiets 1 week ago
If that's the case. Based on the latest financing round, it must be higher than that.
👍️ 1
SiliconValleyExec SiliconValleyExec 1 week ago
CEO/CFO search apparently no longer in play. New slide show not uploaded to site. They said they are pursuing an acquisition deal. There is little doubt this company is up for sale. Only question now is the price.
👍️ 1
Neophyte2 Neophyte2 1 week ago
From sedi.
On 2024-05-15. I don’t know if it relates to conversions because of the PP or if they are purchases.
Share increases
RH’s common shares by 3,581,880
CM’s shares increased 6,937,317
RP’s shares increased 6,695,351

If you go back and look at the terms of the private placement, there were pre-fund warrants and changes to the share ownership limits.

Anyway, maybe someone with a keen financial mind can have a look and figure out the details and explain them in simple terms.
👍️ 1

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