Last checked at 2 Oct 2019 12:15
Spectra Systems Signs Five-Year Service Contract Worth USD400,000
Spectra Systems Signs Five-Year Service Contract Worth USD400,000
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Share Price Information for Spectra (unres) (SPSY)
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Share Price:
250.00
Bid:
240.00
Ask:
260.00
Change:
4.00 (1.63%)
Spread:
20.00 (8.333%)
Open:
246.00
High:
263.00
Low:
246.00
Prev. Close:
246.00
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Don't have an account? Click here to register.Spectra Systems ups dividend as major contract boosts revenue
Mon, 24th Sep 2018 09:59
(Sharecast News) - Secure transaction and banknote technology firm Spectra Systems reported an increase in first-half revenue on Monday on the back of a large customer order.For the six-months ended 30 June, the company's revenues increased by 11% compared to the same period last year, jumping to $8m after the delivery of a large G7 customer order and license revenue from a major banknote supplier, driving a 38% rise in operating profit to $3.3m.Consequently, the AIM-traded company increased its annual dividend by 20% to $0.06 per share.The company had cash and cash equivalents of $12.3m at 30 June, up from $9.5m from the period last year.Nabil Lawandy, chief executive of Spectra, said: "The delivery of two quality control devices to a tobacco manufacturer has increased our chances of introducing our TruBrand smartphone authentication technology in China. This is in addition to the recent allowance by the United States patent office of our patents on this technology."Elsewhere, the company has near-term opportunities to work on polymer banknote technology with a G20 central bank and a major Asian central bank."The board therefore believes that the company, by achieving key business milestones, will continue to perform well for the remainder of 2018 with excellent prospects for ongoing earnings growth thereafter," said Lawandy.Spectra's shares were up 5.92% at 103.80p at 1109 BST.
More News
24 Sep 2019 12:03
Spectra Systems Interim Profit Down, Still Confident On Annual Results
Spectra Systems Interim Profit Down, Still Confident On Annual Results
Read more17 Sep 2019 16:11
Spectra Systems receives $1.3m contract from central bank
(Sharecast News) - Banknote authentication and brand protection technologies provider Spectra Systems Corporation has received funding approval for a $1.3m (£1.04m) contract with a G7 central bank to deliver three advanced quality control units used in the manufacturing of banknotes with its materials, it announced on Tuesday.
Read more11 Jun 2019 13:49
Spectra Systems secures ?3.2m banknote contract extension
(Sharecast News) - Spectra Systems signed a five-year contract extension worth a minimum of £3.2m with an existing optical materials customer.
Read more29 May 2019 08:06
Spectra Systems' revenues top expectations
(Sharecast News) - Authentication technology and software firm Spectra Systems told investors on Wednesday that it now expects full-year profits to exceed market expectations.
Read more18 Mar 2019 10:57
Spectra Systems full-year profit to top market expectations
(Sharecast News) - Spectra Systems, which provides secure transactions technology, said on Monday that profits for the year to the end of December 2019 will exceed market expectations.
Read more10 Dec 2018 08:45
Spectra Systems expects 'significant increase' to profits following surprise order
(Sharecast News) - Secure transaction and banknote technology firm Spectra Systems has received unexpected additional orders for its high-performance phosphor used by a G7 central bank.
Read more3 Sep 2018 15:13
Spectra Systems wins two new US lottery customers
(Sharecast News) - Machine-readable high speed banknote authentication and brand protection technologies provider Spectra Systems Corporation has been selected by two new US state lottery customers for eight and seven year contracts respectively, it announced on Monday.
Read more19 Mar 2018 11:50
Spectra Systems Profit Triples On Strong Banknote Security Sales
LONDON (Alliance News) - Spectra Systems Corp on Monday said its 2017 profit almost tripled on the year before as phosphor sales reached record levels.Spectra's for
Read more23 Jan 2017 12:45
Brian McLain joining Spectra as CFO
(ShareCast News) - Authentication technology supplier Spectra Systems announced on Monday that, subject to the satisfactory conclusion of due diligence, it has agreed to appoint Brian McLain as its new chief financial officer. The AIM-traded firm said McLain started his career in 1997 at Arthur Ande
Read more5 Dec 2016 15:44
Spectra Systems CFO resigns
(ShareCast News) - The chief financial officer of Spectra Systems, a supplier of authentication technology for banknotes, brands and tax stamps, has tendered his notice and will leave the company by the end of the year. Douglas Anderson is to leave the AIM-listed company on 31 December in order to "
Read more8 Feb 2016 12:14
Spectra Systems looking at 'significantly' improved 2015
(ShareCast News) - Spectra Systems' board indicated it was looking at a much better 2015 than it expected, in a trading update on Monday ahead of its full year results due in late April. The AIM-traded provider of machine-readable high speed banknote authentication and brand protection technologies
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