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PI Financial has issued a report on Spectra7 Microsystems (TSXV: SEV)

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PI Financial has issued a report on Spectra7 Microsystems, symbol SEV on the TSX Venture Exchange. As Spectra7 is a microcap company, with low trading volumes, analyst Pardeep Sangha did not provide a target price. The company designs and delivers semiconductor products, which are used in upcoming Ultra HD television sets, mobile devices and wireless infrastructure base station systems.

Additional Information:

Company: Spectra7 Microsystems
Website: http://www.spectra7.com/
Stock Symbol: TSXV: SEV
Date Published: Jan 31, 2014
Transcript: Available

Video Transcript:

I’m Mittita Barber for InvestmentPitch.com

PI Financial has issued a report on Spectra7 Microsystems, symbol SEV on the TSX Venture Exchange.

As Spectra7 is a microcap company, with low trading volumes, analyst Pardeep Sangha did not provide a target price.

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 (eee-bit-dah) 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@specra7.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.

I’m Mittita Barber for InvestmentPitch.com
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