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
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16:54 14/11/24
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Spectra Systems Corporation
241.00p
16:55 14/11/24
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-12.00p
Support Services
10,979.10
16:38 14/11/24
-0.90%
-99.39
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.