By Elric Langton | 11th October 2021
Spectra Systems Corporation, a leader in machine-readable high-speed banknote authentication, brand protection technologies, and gaming security software, has announced that one of its long-time central bank customers for banknote security materials has placed a new yearly order as part of another five-year renewal agreement. Spectra Systems is not dissimilar to De La Rue (DLAR) which has faired better since I wrote about it for Sharescope - well, for a while, at least, even it has given back its gains, so is this a sector issue? I do not think so, certainly not in the case of Spectra Systems.
Today’s news should be a good indicator for investors the company is on course to beat guidance; however, the market is not so impressed. This year’s order is 50% higher than the typical orders, with the exception of the large 2020 order during the peak of the pandemic. Based on the value of this year’s order, we are confident that we will exceed market expecta…