equipment 8 8 8 21 28 28 28 27
Depreciation
expense -
COGS 35 35 30 31 31 32 32 25
Amortization -
intangible
assets 55 76 105 90 179 167 167 167
Share-based
compensation 469 541 486 288 334 182 270 143
Interest on
lease
obligation of
right-of-use
assets 3 1 4 4 3 1 3 4
Accretion
expense 425 370 389 411 493 538 142 -
Other income - - (12) (30) (9) - 10 -
Foreign Tax (216) - - - (119) - - -
Foreign
exchange gain 354 (72) 57 (110) 143 (211) 27 (1)
Extingushment
of convertible
debt - - - - - - 6,922 -
EBITDA (38) (70) (148) (734) (3,172) (1,445) (1,659) (2,056)
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ABOUT SPECTRA7 MICROSYSTEMS INC.
Spectra7 Microsystems Inc. is a leader in high-performance analog semiconductors for powering the AI revolution in broadband connectivity markets, hyperscale data centers, and Spatial Computing. Spectra7 is based in San Jose, California with a design center in Cork, Ireland and a technical support location in Dongguan, China. For more information, please visit www.spectra7.com.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTES
Certain statements contained in this press release constitute "forward-looking statements". All statements other than statements of historical fact contained in this press release, including, without limitation, the Company's timeline for its 224Gbps product, the new CEO's ability to transform the Company's strategy, secure key customer wins, and accelerate growth, the Company's strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to, the risk factors discussed in the Company's management's discussion and analysis for the year ended December 31, 2023.. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.
For more information, please contact:
Matt Kreps, Managing Director
Darrow Associates Investor Relations
mkreps@darrowir.com
214-597-8200
Spectra7 Microsystems Inc.
Dave Mier
Interim Chief Financial Officer
925-858-7011
ir@spectra7.com
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SOURCE Spectra7 Microsystems Inc.
(END) Dow Jones Newswires
November 11, 2024 07:30 ET (12:30 GMT)