Company Reiterates Guidance for Q1 2024 and Provides Liquidity Update SAN JOSE, Calif., April 29, 2024 /CNW/ -- (TSXV:SEV) (OTCQB:SPVNF) Spectra7 Microsystems Inc. ("Spectra7" or the "Company"), a leader in high-performance analog semiconductors for broadband connectivity markets, such as AI networks, hyperscale data centers, and AR/VR, today announced its financial results for the year ended December 31, 2023. A copy of the audited consolidated financial statements for the year ended December 31, 2023, and the corresponding management's discussion and analysis (the "MD&A") will be available under the Company's profile on www.sedarplus.ca. Unless otherwise indicated, all dollar amounts in this press release are expressed in US dollars. Fourth quarter and full year 2023 financial highlights Fourth quarter 2023 revenue was $0.3 million. Full-year 2023 revenue was $9.9 million, or approximately 88% of the $11.3 million in the prior year. Full-year gross margin1 was 57%, compared to 50% in the prior year. Full year non-IFRS operating expenses2 were $10.7 million, up from $8.8 million in 2022. Basic and diluted loss per share for the year was $(0.21), compared with a basic and diluted loss per share of $(0.21) in the prior year. EBITDA3 loss for the full year was $4.1M, compared ...