Spectra7 Microsystems Inc. provided earnings guidance for the first quarter ended March 31, 2016. The company expects to report revenue of approximately $2.5 million for the first quarter of 2016, representing an increase of 60% over the prior quarter's revenue of $1.6 million and an increase of 256% compared to the same period last year. The majority of this growth was driven by shipments for the company's new high performance embedded products which are used in high growth consumer market segments including virtual reality, augmented reality and media interconnects.
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Jun. 17 | Spectra7 Microsystems Rises 25% as its CEO Retires, Board Chair Steps In on an Interim Basis | MT |
Jun. 14 | Spectra7 Microsystems Raises $1.8 Million in 2nd Tranche of Private Placement | MT |
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- Spectra7 Microsystems Inc. Provides Earnings Guidance for the First Quarter Ended March 31, 2016