Spectra7 Microsystems Inc. provided earnings guidance for the first quarter of 2017. The company expects to report revenues of approximately $2.7 million for the first quarter of 2017, representing an all-time high quarterly revenue. Growth in the first quarter was driven by increasing adoption of its patented active copper cable technology. Gross margin as a percentage of revenue is expected to be approximately 59%-61%, consistent with the prior quarter. Operating expenditures for the company decreased by over $700,000 from the prior quarter, primarily due to lower general and administrative expenses which are expected to continue through 2017. As a result, the company's operating losses decreased by over 25% sequentially quarter over quarter.