Spectra7 Microsystems Inc. (TSE:SEV) said it expects to achieve record quarterly revenue for Q3
SmallCapPower | September 7, 2017: Spectra7 Microsystems Inc. (TSX: SEV) Wednesday announced that it expects to achieve record quarterly revenue for the quarter ending September 30, 2017, in large part due to the strong growth in demand from the first two major PC OEMs ramping production of their headsets for the Microsoft Windows 10 mixed reality (MR) platform. Additional PC OEMs are in the early stages of production with volume expected to begin in the fourth quarter of 2017.
Microsoft and its OEM partners are putting significant resources behind their mixed reality initiative, and Microsoft asserted at June’s COMPUTEX tradeshow in Taipei that it expected 80 million mixed reality devices to be sold by 2020. To date, all of the Windows 10 PC OEM headsets are tethered solutions and have selected Spectra7’s active copper cable (ACC) technology to ensure the best user experience.
Spectra7 Microsystems CEO Raouf Halim said, “With a broadening universe of business, entertainment, and gaming applications driving the mixed/virtual reality (MR/VR) market, required data rates continue to increase rapidly. Spectra7 Microsystems has become the supplier of choice to enable our MR/VR customers to deliver a seamless experience in this growing market.”
Post the announcement, the share price of Spectra7 Microsystems surged 14% to reach $0.40 on September 6, 2017. Currently Spectra7 trades at TTM price to sales value of 7.13x and price to book value of 22.22x.
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in the company mentioned above.
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