Spectra Systems Corporation

Spectra Systems Corporation

2.41
USD
-0.28
(-10.41%)
Mar 22Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.25
0.37
0.31
0.24
0.26
0.27
0.28
0.32
0.36
0.43
0.44
1.01
1.31
- -
Basic EPS, GAAP
-0.07
0.02
- -
0.02
0.07
0.09
0.09
0.11
0.11
0.13
0.13
0.17
0.41
- -
Free Cash Flow per Basic Share
-0.03
-0.06
-0.02
0.05
0.09
0.09
0.11
0.1
0.16
0.14
0.15
0.17
0.2
- -
Dividend per Share
- -
- -
- -
- -
0.05
0.06
0.07
0.09
0.09
0.11
0.11
0.11
0.11
- -
Book Value per Share
0.46
0.48
0.48
0.51
0.53
0.56
0.58
0.59
0.59
0.61
0.68
0.73
1.04
1.04
Tangible Book Value per Share
0.39
0.39
0.38
0.35
0.38
0.42
0.44
0.44
0.44
0.45
0.38
0.45
0.77
0.77
Basic Weighted Avg Shares
46
46
46
46
46
46
47
46
46
46
46
49
49
48
Sales/Revenue/Turnover
12
17
14
11
12
12
13
15
17
20
20
49
64
- -
Operating Margin (%)
-11.79
7.27
-0.13
9.82
24.9
31.13
32.86
36.31
35.62
35.63
35.25
23.34
37.8
- -
Depreciation Expense
- -
1
1
1
1
1
1
1
1
1
1
3
3
- -
Net Income, GAAP
-3
1
- -
1
3
4
4
5
5
6
6
9
20
- -
Effective Tax Rate (%)
- -
19.76
- -
- -
- -
- -
4.41
5.6
14.77
12.87
19.18
24.79
25.24
- -
Profit Margin (%)
-25.94
6.17
0.25
10.24
26.95
32.46
32.76
34.92
31.12
31.32
29.81
17.32
31.2
- -
Working Capital
14
12
13
11
14
15
17
17
18
18
13
14
27
27
LT Debt
- -
- -
- -
- -
- -
- -
1
1
1
1
9
8
6
6
Total Equity
21
22
22
23
24
26
27
28
28
28
32
36
51
51
Return on Invested Capital (%)
- -
4.57
-0.09
4.81
- -
- -
15.34
17.32
17.11
20.48
15.35
18.49
32.53
- -
Return on Capital (%)
- -
4.86
0.16
5.03
- -
- -
16.02
17.77
18.02
21.16
16.38
18.98
37.72
- -
Return on Common Equity (%)
-13.4
4.86
0.16
5.03
13.75
16.11
16.36
18.77
18.86
22.35
20.41
25.31
46.32
- -

Capital Structure

USD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
3
3
3
LT Borrowings
3
2
1
LT Finance Leases
5
5
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
49
49
49
Market Capitalization
- -
- -
- -

Working Capital

USD

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
28
30
41
Cash, Cash Equivalents & STI
13
3
15
Accounts Receivable, Net
3
3
3
Inventories
6
9
8
Total Current Liabilities
14
13
15
Payables & Accruals
- -
- -
- -
ST Debt
3
3
3
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.36%
13.65%
41.37%
Free Cash Flow
-9.25%
17.99%
13.56%
Net Income, GAAP
360.86%
38.9%
135.4%
Sales/Revenue/Turnover
21.55%
41.57%
30.68%
Total Cash Common Dividend
- -
6.5%
0.3%

Semi-annual Revenue

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
20
2024
- -
- -
49
2025
- -
- -
64

Semi-annual Earnings Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.13
2024
- -
- -
0.17
2025
- -
- -
0.41

Semi-annual Dividends Per Share

USD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.11
2024
- -
- -
0.11
2025
- -
- -
0.11

Company Description

CEO
Nabil M. Lawandy
Full Time Employees
28
Sector
Electronic technology
Industry
Computer peripherals
Address
40 Westminster Street Providence RI United States 02903
IPO Date
Jul 23, 2011
Website
spsy.com
Business
Spectra Systems Corporation (SPSC.L), headquartered in Providence, Rhode Island and founded in 1996, develops and supplies advanced security technologies including integrated optical systems, engineered materials, high-speed sensors, and software platforms for authentication and tracking applications worldwide. The company offers machine-readable banknote authentication solutions with covert security features and quality control equipment for central banks; Aeris banknote cleaning systems and BDS-1000 disinfecting technology to extend currency life; Fusion polymer substrates for secure documents; brand protection products for consumer goods such as energy drinks, shampoo, wine, spirits, and tobacco; secure Internal Control Systems software for fraud detection, money laundering prevention, match-fixing analysis, and gaming integrity used by U.S. lotteries, Norsk Tipping in Norway, and operators in Puerto Rico and Malaysia; and, through its December 2023 acquisition of Cartor Security Printers, finished security printing including postage stamps, excise stamps, ID cards, and secure documents. Spectra Systems operates primarily in currency authentication, brand protection, gaming security, and secure printing segments, serving governmental, institutional, and corporate clients across the United States, Europe, and international markets. Recent developments include a July 2024 manufacturing contract for next-generation banknote sensors with a $5.7 million initial payment, followed in November 2025 by a five-year $6.7 million sensor maintenance agreement with the same customer; a November 2025 launch of a $350,000 share buyback program managed by Zeus Capital; and strategic advancements in Cartor integration enhancing its end-to-end secure printing capabilities, as highlighted in March 2025 financial results.

Company News