Spectra Systems' revenues top expectations
Authentication technology and software firm Spectra Systems told investors on Wednesday that it now expects full-year profits to exceed market expectations.
FTSE AIM All-Share
745.62
17:04 20/09/24
n/a
n/a
Spectra Systems Corporation
235.00p
16:50 20/09/24
0.86%
2.00p
Support Services
11,316.20
16:49 20/09/24
-1.74%
-200.69
While providing only a short statement, Spectra said its increased profits were related to a combination of central bank sensor-related research funding and a strong first-half sales performance in its optical materials unit.
Chief executive Dr Nabil Lawandy said: "We are very pleased that we are able to provide a positive trading update for 2019 which is reflective of an increasing product mix which allows for sustained strong profitability."
As of 1035 BST, Spectra shares had climbed 5.82% to 131.74p.