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SPSY Spectra Systems Corporation

238.00
9.00 (3.93%)
14 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Spectra Systems Corporation LSE:SPSY London Ordinary Share COM SHS USD0.01 (UNRES)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  9.00 3.93% 238.00 236.00 240.00 242.00 229.00 229.00 66,385 14:32:54
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Programming Service 19.63M 6.15M 0.1364 19.06 117.15M

Spectra Systems Corporation Trading Update (2529T)

04/01/2017 7:00am

UK Regulatory


Spectra Systems (LSE:SPSY)
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From May 2019 to May 2024

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TIDMSPSY TIDMSPSC

RNS Number : 2529T

Spectra Systems Corporation

04 January 2017

Spectra Systems Corporation

("Spectra" or the "Company")

Trading Update

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication and brand protection technologies, today announces that it expects its profits for the year ended 31 December 2016 to significantly exceed market expectations. Revenue is also expected to be ahead of market expectations.

Spectra anticipates releasing its preliminary results for the year ended 31 December 2016 in March 2017.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Dr. Nabil Lawandy, Chief Executive Officer, stated: "The confluence of significantly improved margins from our in-house manufacturing (on an order delivered in late December), along with a new ongoing phosphour sales channel, have resulted in a very good year for the Company. Based on contracted revenue, a full year of in-house manufacturing and early orders for phosphours, we expect this momentum to continue into 2017."

Enquiries:

Spectra Systems Corporation

Dr. Nabil Lawandy, Chief Executive Officer Tel: +1 (0) 401 274 4700

WH Ireland Limited

Chris Fielding, Head of Corporate Finance Tel: +44 (0) 20 7220 1650

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTEAXFDESKXEFF

(END) Dow Jones Newswires

January 04, 2017 02:00 ET (07:00 GMT)

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