Business
Interim Results for Six Months Ended 30 June 2025
Spectra Systems Corporation announced its interim results for the six months ended June 30, 2025, with significant financial growth. Revenue increased by 54% to $34,965k, up from $22,739k in 2024. Adjusted EBITDA rose by 101% to $15,764k, compared to $7,847k in the previous year. Adjusted PBTA saw a substantial increase of 130% reaching $14,346k, up from $6,225k. Adjusted earnings per share also grew by 85% to US $20.8 cents, compared to US $11.2 cents in 2024. However, cash usage during operations was $(670k), compared to $262k in 2024. The company's cash position stood at $2,556k, while debt was $3,718k at the end of June 2025. Disclaimer*
About this update from Spectra Systems Corporation
[{"type":"text","content":"\n\n \nSpectra Systems Corporation\nInterim Results for the Six Months Ended 30 June 2025\n \n \nSpectra Systems Corporation (\"Spectra Systems\" or the \"Company\"), a leader in machine-readable high speed banknote authentication, security printing, brand protection technologies and gaming security software, is pleased to announce its interim results for the six months ended 30 June 2025.\n \n \nFinancial highlights:\n \nRevenue of $34,965k (2024: $22,739k) up 54%\n \nAdjusted EBITDA1 up 101% at $15,764k (2024: $7,847k)\n \nAdjusted PBTA1 up 130% to $14,346k (2024: $6,225k)\n \nAdjusted earnings2 per share up 85% to US $20.8 cents (2024: US $11.2 cents) \n \nCash usage during operations $(670k) (2024: $262k) \n \nCash3 of $2,556k (2024: $4,444k) and debt4 of $3,718k (2024 $4,803k) at 30 June 2025\n \n \n1 Before stock compensation expense and excludes non-controlling interest\n2 Before amortization and stock compensation expense, excluding noncontrolling interest and fewer remaining tax credits\n3 Does not include $5,000,000 (2024: $2,025,000) of restricted cash (Central bank customer) and investments\n4 Cartor Holding Limited debt acquired on 21 December 2023 \n \n \nOperational highlights:\n \n \n· Completed balance of fiscal year 2024-2025 order\n \n· Our Fusion substrate was selected by a major banknote printer as part of their response to a central bank tender which is expected to be awarded in H2\n \n· Provided major Middle Eastern central bank with another 10,000-sheet sample of our Fusion substrate for additional testing\n \n· Produced a cutting-edge polymer house note with Casa de Moeda (Brazilian government printing facility) with both our sustainable polymer and machine-readable covert authentication capability\n \n· 28% increase in sales of optical materials for document and brand authentication\n \n· Successful offset print trial for second generation smartphone technology with a major tax stamp printer with a second test planned for H-2 using flexographic printing\n \n· Validated one of our new covert features wi...