Spectra Systems Share Discussion Threads

[simso] 19/3/2018 08:06

'success with large scale tests of our Smartphone based Trubrand authentication technology..

[horndean eagle] 19/3/2018 08:06

I think we get a bit of a sell off but the key part for me:-

The TruBrand authentication business is performing on track and continues to have significant prospects in China bolstered by our highly successful large scale production test results with a major tobacco company printer in China in Q4 of 2017.

That is what is likely to drive the shares forward over the coming year. Opportunity is massive. Looking forward to hearing more tomorrow. You signed up Tilly?

[fozzie] 19/3/2018 08:01

In Nabil we trust.

[sonofbanjosinger] 19/3/2018 08:00

How many growth stories like this, would even bother paying a dividend?

[tilly99] 19/3/2018 07:46

I agree fft although I think ever since they made that stmnt they have hinted that they didn't really mean it Cash tends to get valued at next to nothing so it would be good to put it to good use ...I prefer acquisitions as we are in such niche areas and the last couple have been gemsWe may get marked up today and then drift but I honestly don't really care about today..we have a decent cash pile,decent divi and most exciting of all great growth prospects

[cfro] 19/3/2018 07:42

These are really good results. A 20% increase in the divi is as good as a special divi.

I liked the way they laid-out the near-term and longer-term business opportunities.

[fft] 19/3/2018 07:41

A year ago, when the dividend was introduced, SPSY said they intended to reduce cash down to about $ 5m. The cash is now over $ 11m (with an extra $1m that is still restricted) !! That is about $2.3m higher than last year.

The 6c dividend will reduce that by only $2.7m.

I wonder what how Nabil intends to handle the growing cash pile ? If all the cash generated last year had been returned (so year end cash was unchanged at $8.8m) that would be a dividend of about 10c.

[fozzie] 19/3/2018 07:39

Excellent prospects, I will take that. So used to ahead statements that this seems rather boring by comparison. All good and a very strong hold for me.

[sonofbanjosinger] 19/3/2018 07:32

You have to love this share..obviously l was over optimistic with the dividend increase..but to be honest the dividend is a side issue here....

[tilly99] 19/3/2018 07:21

and has excellent prospects for ongoing earnings growth in 2018."That's good as I think Ireland is forecasting 2018 same as 2017!!

[someuwin] 19/3/2018 07:12

Spectra Systems Corporation

Preliminary results for the twelve months ended 31 December 2017

Spectra Systems Corporation, a leading provider of advanced technology solutions for banknote and product authentication, is pleased to announce its preliminary results for the twelve months ended 31 December 2017.

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

Financial highlights:

· Revenue up 9% for the year at US$12,170k (2016: US$11,122k)

· Adjusted EBITDA1 up 83% at US$4,349k (2016: US$2,383k)

· Adjusted PBTA1 doubled to US$4,010k (2016: US$1,999k)

· Adjusted earnings2 per share of US $8.8 cents (2016: US 4.4 cents)

· Net income up over 187% at US$3,280k (2016: US$1,139k)

· Cash generated from operations of US$4,669k (2016: US$2,805k)

· Strong, debt-free balance sheet, with cash3 of US$11,181k (2016: US$8,808k)

· Declaring annual dividend up 20% to US$0.06 per share to be paid in June

1 Before stock compensation expense and exceptional items related to inventory writedowns and acquisition costs
2 Before amortization, stock compensation expense and exceptional items related to inventory writedowns and acquisition costs
3 Does not include US$1,099k (2016: US$1,092k) of restricted cash and investments


Operational highlights:


· In-house production throughout 2017 with margin uplift through consumption of inventory previously manufactured through contract services

· Record phosphor sales of US$4,313k (2016 US$3,764k)

· Gross margin increased to 71% from 68% resulting from in-house manufacturing of covert materials, royalties and record high-margin phosphor sales

· Reduced operating expenses by US$881k through a planned reduction of R&D and reallocation of internal resources to in-house manufacturing

· Brand Authentication and Secure Transactions Group performing in line with expectations

· Completed engineering staff reductions and facility consolidation which will allow us to redirect resources to increase manufacturing capacity in 2018 to support larger orders and mitigate performance risk





Commenting on the results, Nabil Lawandy, Chief Executive Officer, said:

"The Company's revenues have increased by 9% and PBTA has doubled over 2016 driven by sales of high margin phosphors, significant royalty payments by our licensee due to record print orders, and the inline performance of all other operating business lines.
"We have also laid the foundation for the expected adoption of a new security feature for polymer banknotes by a major central bank and have achieved success with the large scale production tests of our smartphone based TruBrand authentication technology.
"Furthermore, we have successfully initiated a new line of business in the consumer products area where our materials are used to ensure that coffee cups are functional with Keurig coffee makers which we hope will lead to similar opportunities in the consumer products area we have been focusing on."
"The Board therefore believes that the Company, by achieving key business milestones, will continue to perform well and has excellent prospects for ongoing earnings growth in 2018."

[sonofbanjosinger] 17/3/2018 16:48

What about a special dividend?

[tilly99] 17/3/2018 12:45

What's your divi forecast?

[ntv] 17/3/2018 11:51

sticking with my forecast for next week
hopefully not disappointed

[ntv] 17/3/2018 11:32

i note the video on youtube has been removed
maybe it was put on there by mistake
still at least mere mortals got to understand "trackable cash"

[tilly99] 17/3/2018 10:36

I suggested a lower salary and more options ...!!Back to spsy..if we have 12m of cash and pay 10c we will still have 7.5m of cash Our shares would fly on that..maybe even into the high 30s

[tilly99] 16/3/2018 23:38

Can't see divi at 10c but if it is we are 140p

[sonofbanjosinger] 16/3/2018 23:13

He owns 4% you have always been against his high wages. At 10c he gets another 200k.

[sonofbanjosinger] 16/3/2018 23:07

Bones what you said.....Tilly it does not matter what l think

[bones] 16/3/2018 22:43

Chaps, you are talking about Monday results day but has there been a definite day mentioned? The last update said:"Spectra expects to release its 2017 year end audited financials by week commencing 19 March, 2018."That implies sometime next week rather than Monday but that could be Monday of course. Just wondered though.More than happy to see them on Monday if that happens.

[tilly99] 16/3/2018 21:50

Banjo What's your divi forecast?

[tilly99] 16/3/2018 21:50

But he has more options than shares so divi increase won't necessarily suit him !

[sonofbanjosinger] 16/3/2018 21:40

Yes Tilly you will be wrong in a good way... you have to understand Nabil likes a nice pay day and hes worked out how to give himself one by getting the divi to 10c

[tilly99] 16/3/2018 20:50

How dare you call me a loser!! LolIt was me VS you One winner one loserYou said 130 I said 120Me da winner hahaYou got balls .u bought more!!Won't get past 125 in a rush as I may sell my lot ..: )What made you give 116.98?Surprised they were offered as not much stock came in Unless we get trubrand news id be shocked to see us above 125 130Hope I'm wrong !Shall we have some forecasts for results Monday?

[sonofbanjosinger] 16/3/2018 20:00

Both losers Tilly although l did get another 17.5k last thing ..lets hope we are both smiling on Monday morning.