AndhraNews.net
Home » Business News » 2014 » February » February 3, 2014

PI Financial Issues Research Report on Spectra7 Microsystems (TSXV:SEV) - Video Research Alert on InvestmentPitch.com


February 3, 2014 - London

Vancouver, BC, February 3, 2014 - PI Financial has issued a report on Spectra7 Microsystems (TSXV:SEV). As Spectra7 is a microcap company, with low trading volumes, analyst Pardeep Sangha did not provide a target price.

 
 

InvestmentPitch.com has produced a "video research alert" about Spectra7 Microsystems based on this report. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Spectra7" in the search box.

The company designs and delivers semiconductor products, which are used in upcoming Ultra HD television sets, mobile devices and wireless infrastructure base station systems. Spectra7's three markets are united by their common needs for both higher bandwidth, to support higher resolution content, and the need for thinner, lighter systems.

OEMs are making TVs thinner by separating more components away from the display and into peripheral devices such as set-top boxes and cables. Connected devices such as tablets and smartphones are increasingly used as second screen solutions with their TVs. The insatiable demand for mobile broadband is pushing cell towers and duplexers to become smaller and deployable indoors.

Since being listed on the TSX Venture Exchange in February 2013, the company has announced five new products and over a dozen new design wins. On January 7th, 2014 at the Consumer Electronics Show in Las Vegas, the company officially launched its CouchConnect cable solution for delivering full HD and Ultra HD 4K content from mobile devices.

The Company announced Walmart.com as a retail partner, with sales beginning immediately following CES.

Spectra7, led by an experienced management team with deep Silicon Valley ties and a strong patent and
technology portfolio, has 46 employees and is headquartered in Markham, Ontario with R&D centres in Silicon Valley, Irvine, CA and Cork, Ireland.

Analyst Pardeep Sangha stated, "We are expecting revenue to grow from $2.9 million in 2013 to $10.7 in 2014 with an EBITDA loss of $5.6 million. For 2015 we expect revenue of $25 million with EBITDA of $2.7 million, driven by accelerating demand for 4K products and small cell network solutions."

In December, the company closed a brokered private placement, issuing approximately 6.1 million shares at a price of $0.55 per share, for gross proceeds of approximately $3.36 million. That offering was led by Paradigm Capital Inc. and included PI Financial Inc. and Cormark Securities Inc. in the selling group.

The company currently trades at $0.54, and with 53.2 million shares outstanding, the company is capitalized at $28.7 million.

For more information, please visit the company's website www.spectra7.com or contact Melissa Chee, Senior Director, Corporate Marketing, at 647-472-2468 or email pr@spectra7.com.

For more information about PI Financial or to obtain a copy of their research report, contact your nearest PI Financial office. Their branches are listed on their website at www.pifinancialcorp.com.

About InvestmentPitch

InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing corporate interviews and three minute videos based on news releases and research reports. Please visit InvestmentPitch.com and browse our extensive library of investment videos.

CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan@investmentpitch.com





This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: InvestmentPitch via Globenewswire

HUG#1758775

GlobeNewswire

Comment on this story

Share