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Spectra Systems ( (GB:SPSY) ) has shared an announcement.
Spectra Systems Corporation announced it has received a $9.4 million downpayment for a contract to manufacture advanced high-speed banknote sensors, part of a $39.6 million deal. This financial boost will help accelerate the manufacturing program and enhance the company’s cash position following a recent acquisition and advance purchases of components.
More about Spectra Systems
Spectra Systems Corporation specializes in machine-readable high-speed banknote authentication, security printing, brand protection technologies, and gaming security software.
YTD Price Performance: 10.90%
Average Trading Volume: 60,766
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £121.5M
For detailed information about SPSY stock, go to TipRanks’ Stock Analysis page.
