Spectra Systems Corporation Trading Update (2529T)
January 04 2017 - 2:00AM
UK Regulatory
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)
Spectra Systems (LSE:SPSY)
Historical Stock Chart
From Apr 2024 to May 2024
Spectra Systems (LSE:SPSY)
Historical Stock Chart
From May 2023 to May 2024