Spectra7 Microsystems Inc. provided preliminary revenue guidance for the first quarter and first half of 2022. Preliminary first quarter revenue is expected to be approximately $2.0 million.

Fiscal 2022 unconstrained product demand based on customer indications continues to exceed $20.0 million - Revenue realization expected to improve in the second half of the year due to accelerated deployment of capital to secure greater supply, as well as assembly and test capacity. While long-term trends in the business are favorable, continued supply chain disruptions and constraints lead the Company to expect that revenue for the first half of fiscal 2022 will be in the range of $5.5 million to $7.0 million. At the midpoint of the outlook, this represents an increase of approximately 285% from the first half of fiscal 2021.