Business
Audited results for year ended 31 December 2024
Audited results for year ended 31 December 2024.
About this update from Spectra Systems Corporation
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO 596/2014 WHICH IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. \n \nSpectra Systems Corporation \n \nAudited results for the twelve months ended 31 December 2024\n \n \nSpectra Systems Corporation (the \"Company\"), a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, is pleased to announce its results for the twelve months ended 31 December 2024. \n \n \nFinancial highlights (Including the consolidations of Cartor Security Printers (\"CSP\"), a wholly owned foreign subsidiary acquired in December 2023): \n \n· Revenue of $49,191k (2023: $20,288k) up 142.5% \n \n· Adjusted EBITDA1 up 77.9% at $14,929k (2023: $8,394k) \n \n· Adjusted PBTA1 up 46.6% to $12,064k (2023: $8,231k) \n \n· Adjusted earnings per share2 up 36% to US 18.9 cents (2023: US 13.9 cents) \n \n· Cash generated from operations of $9,899k (2023: $7,524k)\n \n· Cash3 of $13,354k (2023: $13,253k) and debt4 of $4,359k (2023 $5,583k) at\n31 December \n \n· The Board are declaring an annual dividend of $0.116 per share (2023: US 0.116) to be paid in June 2025 \n \n \n1 Before stock compensation expense and excludes non-controlling interest \n2 Before amortization and stock compensation expense, excludes non-controlling interest \n3 Excludes approximately $2 million (2023: $513k) of restricted cash and investments \n4 Cartor Holding Limited debt acquired on 21 December 2023 as part of the CSP acquisition\n \n \nOperational highlights: \n \n· Sensor manufacturing contract signed on July 15, 2024\n \n· &n...