Spectra (unres) Share News (SPSY)

Spectra Systems amends central bank contract upwards

(Sharecast News) - Banknote authentication and security technology company Spectra Systems has executed an amendment to a materials procurement contract with a "long-standing" unnamed central bank customer.

IN BRIEF: Spectra Systems on track to meet annual expectations

Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Posts revenue of USD9.3 million for the six months to June 30, up 15% from USD8.0 million a year earlier, derived from "pre-production development contracts as well as larger demand for our materials to meet increased banknote demands of one of our existing central bank customers," it explains. Pretax profit rises by 10% to USD3.3 million from USD3.0 million. Adjusted earnings before interest, tax, depreciation and amortisation amounted to USD3.8 million, up 8.6% from USD3.5 million.

Spectra gets first order for banknote disinfection system

(Sharecast News) - Authentication and security technology specialist Spectra Systems has received an order for a banknote disinfection system (BDS) to be installed at a central bank in Asia, it announced on Tuesday.

IN BRIEF: Spectra Systems sells first banknote disinfection system

Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Sells first banknote disinfection system to an Asian central bank. Says that the system will contribute to the safety of the bank's staff who handle banknotes, which may carry bacterial and viral pathogens. Adds that the units, which range in price from EUR150,000 to EUR800,000, are capable of disinfecting banknotes of varying volumes.

IN BRIEF: Spectra Systems shares up on USD4 million contract amendment

Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Sees increased revenue from unnamed central bank customer, to support expanded testing of sensors prior to delivery. Expects around USD4 million additional revenue in period to December 31, 2024. Adds that a "significant portion" of the profits from the contract amendment will be used towards additional sales and marketing efforts for its machine-readable secure polymer substrate, Fusion.

IN BRIEF: Spectra Systems nets more revenue from central bank contract

Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Sees increased revenue from unnamed central bank customer contract after amending sensor development phase. Expects USD2 million in additional revenue from amendment.

Spectra Systems taps Colleen Hamill as its new CFO

(Sharecast News) - Banknote authentication and security technology company Spectra Systems has agreed to appoint Colleen Hamill as its new chief financial officer, it announced on Tuesday.

EXECUTIVE CHANGES: Calnex picks new chair, ProBiotix hires new CEO

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News:

IN BRIEF: Spectra investee Solaris begins marketing of financing round

Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Says Solaris BioSciences Holdings Ltd will soon begin marketing for a financing round after being assured by the UK HMRC it qualifies for relief under the Enterprise Investment Scheme. Spectra holds a 48% stake in Solaris.

UK shareholder meetings calendar - next 7 days

Brian McLain to step down as Spectra Systems CFO

(Sharecast News) - Banknote authentication, brand protection and gaming security technology company Spectra Systems announced on Friday that chief financial officer Brian McLain had tendered his resignation, effective 3 June.

IN BRIEF: Spectra Systems CFO Brian McLain resigns after five years

Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Chief Financial Officer and Company Treasurer Brian McLain announces his intention to resign from his position. McLain was appointed CFO in January 2017. He will remain in his position until June 3 while the board considers its succession options.

TRADING UPDATES: Asimilar to list on AQSE; Spectral MD swings to loss

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

TRADING UPDATES: Mirriad's US growth; Spectra Systems wins deals

TRADING UPDATES: Mirriad's US growth; Spectra Systems wins deals

Spectra Systems scores three new contract awards

(Sharecast News) - Banknote authentication and security software provider Spectra Systems Corporation said on Monday it had secured three new contract awards, generating $700,000 of additional unforecasted revenue for the 2022 calendar year.