Spectra Systems, a leading provider of advanced technology solutions for banknote and product authentication markets, has announced a solid set of interim results. Moreover, significant H2 visibility, notably from central banking customers, yields upgrades to our FY 2020 and FY 2021 estimates with adjusted PTP increasing 17% and 16% to $5.8m and $6.1m respectively. In terms of H1 numbers, revenues increased marginally to $6.5m (H1-19: $6.4m), and adjusted pre-tax profit came in flat at $2.3m. Th ....
07 Sep 2020
WHI Morning Comment: Spectra Systems (SPSY) - Interim results – Significant order visibility yields multi-year upgrades
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WHI Morning Comment: Spectra Systems (SPSY) - Interim results – Significant order visibility yields multi-year upgrades
Spectra Systems Corporation (SPSY:LON) | 225 0 0.0% | Mkt Cap: 101.7m
- Published:
07 Sep 2020 -
Author:
Nick Spoliar -
Pages:
5
Spectra Systems, a leading provider of advanced technology solutions for banknote and product authentication markets, has announced a solid set of interim results. Moreover, significant H2 visibility, notably from central banking customers, yields upgrades to our FY 2020 and FY 2021 estimates with adjusted PTP increasing 17% and 16% to $5.8m and $6.1m respectively. In terms of H1 numbers, revenues increased marginally to $6.5m (H1-19: $6.4m), and adjusted pre-tax profit came in flat at $2.3m. Th ....