Spectra7 Micro (TSE:SEV) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Spectra7 Microsystems Inc. reported a decrease in annual revenue to $9.9 million for 2023, down from the previous year, with a consistent net loss per share but a higher gross margin of 57%. The company’s EBITDA loss widened to $4.1 million and they anticipate Q1 2024 revenues of $0.75 million, significantly lower than Q1 2023. Amidst liquidity challenges, Spectra7 is exploring strategic options, including potential sales or mergers, to secure its financial future.
For further insights into TSE:SEV stock, check out TipRanks’ Stock Analysis page.
