Spectra Systems Achieves Strong Mid-Year Growth

Spectra Systems (GB:SPSY) has released an update.

Spectra Systems Corporation has reported a significant 96% increase in revenue to $22.739 million and a 6% rise in PBTA for the first half of 2024, compared to the same period last year. The company attributes this growth to the acquisition of a foreign subsidiary, a major sensor manufacturing contract with a central bank, and diverse revenue streams including security printing and sales of covert materials. Spectra Systems is confident in meeting full-year market expectations, driven by innovative authentication technologies and new product offerings in banknote substrates and smartphone technology.

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