Spectra7 Microsystems Inc. Provides Revenue Guidance for the Fourth Quarter Ended December 31, 2021, First Quarter of 2022 and Year of 2022
Based on current order trends and $9 million in total backlog, Spectra7 expects revenue for the first quarter of 2022 will be in the range of $3.0 million to $4.0 million, given current constraints in the semiconductor supply chain.
For fiscal 2022, the Company currently expects revenue to increase each quarter with an acceleration in the second half of the year. With the potential for improvement across the supply chain and continued strong demand driving order and backlog growth, unconstrained product demand for fiscal 2022 is expected to exceed $20 million, with full-year revenue realization potentially constrained by supply availability.