Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Announces that restrictive legends have been removed from a further 63,192 shares. These share have transferred from the Regulation S stock line into the unrestricted line. Notes the company's share capital now comprises: 727,701 shares in the Regulation S stock line and 44.3 million shares in the unrestricted line. Read More
(Alliance News) - Spectra Systems Corp said it has signed a USD1.9 million contract for the development and production of three online quality control units for a central bank, as expected. Read More
Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Hires Edward Spies to be chief financial officer. Spies previously worked as a CFO consultant at accountants AAFCPAs from April 2021 to August last year and was CFO at polymer component manufacturer Mearthane Products Corp from March to September 2020. He started at accountants PricewaterhouseCoopers. Spectra announced in late April that Colleen Hamill had resigned "to explore other opportunities", after less than one year CFO. Chief Executive Officer Nabil Lawandy managed Spectra's finances in the interim, alongside Financial Controller Liz Squires. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Spectra Systems Corp on Monday said that Chief Financial Officer Colleen Hamill left the company on Friday, in order to "explore other opportunities." Read More
(Alliance News) - Spectra Systems Corp on Monday lifted its yearly dividend as it saw an increase in both profit and revenue, and said it expects 2023 to meet market expectations. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Posts revenue of USD9.3 million for the six months to June 30, up 15% from USD8.0 million a year earlier, derived from "pre-production development contracts as well as larger demand for our materials to meet increased banknote demands of one of our existing central bank customers," it explains. Pretax profit rises by 10% to USD3.3 million from USD3.0 million. Adjusted earnings before interest, tax, depreciation and amortisation amounted to USD3.8 million, up 8.6% from USD3.5 million. Read More
Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Sells first banknote disinfection system to an Asian central bank. Says that the system will contribute to the safety of the bank's staff who handle banknotes, which may carry bacterial and viral pathogens. Adds that the units, which range in price from EUR150,000 to EUR800,000, are capable of disinfecting banknotes of varying volumes. Read More
Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Sees increased revenue from unnamed central bank customer, to support expanded testing of sensors prior to delivery. Expects around USD4 million additional revenue in period to December 31, 2024. Adds that a "significant portion" of the profits from the contract amendment will be used towards additional sales and marketing efforts for its machine-readable secure polymer substrate, Fusion. Read More
Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Sees increased revenue from unnamed central bank customer contract after amending sensor development phase. Expects USD2 million in additional revenue from amendment. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and not separately reported by Alliance News: Read More
Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Says Solaris BioSciences Holdings Ltd will soon begin marketing for a financing round after being assured by the UK HMRC it qualifies for relief under the Enterprise Investment Scheme. Spectra holds a 48% stake in Solaris. Read More
Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Chief Financial Officer and Company Treasurer Brian McLain announces his intention to resign from his position. McLain was appointed CFO in January 2017. He will remain in his position until June 3 while the board considers its succession options. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
TRADING UPDATES: Mirriad's US growth; Spectra Systems wins deals Read More
TRADING UPDATES: Katoro's Blyvoor IPO on hold; Spectra bags new orders Read More
TRADING UPDATES: IXICO, Spectra and Actual Experience win deals Read More
IN BRIEF: Spectra Systems lifts outlook after bumper contract win Read More