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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 223.00 | 216.00 | 230.00 | 223.00 | 223.00 | 223.00 | 1,627 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computer Programming Service | 19.63M | 6.15M | 0.1364 | 19.06 | 117.15M |
TIDMSPSY TIDMSPSC
RNS Number : 6271T
Spectra Systems Corporation
16 October 2017
Spectra Systems Corporation ("Spectra")
Trading Update
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication and brand protection technologies, today announces that it has been informed by its covert authentication technology licensee, that royalties based on finished printed notes will reach a record level in 2017. As a result, Spectra expects that its profits for the year ending 31 December 2017 will significantly exceed market expectations.
Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are delighted to have received news from our licensee for covert materials supplied to 18 central banks that the royalty component of the agreement will as a result reach a record annual high in 2017. Typically the final royalty, determined by the number of printed notes containing our materials, is not available until year end. This year, we have visibility that it is already significantly above expectations for the full year. Based on our licensee's projections for material purchases, we expect the royalties to be somewhat higher than average next year although not necessarily at these record levels."
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
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(END) Dow Jones Newswires
October 16, 2017 02:00 ET (06:00 GMT)
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