Spectra Systems 2025 revenue rises, adjusted EPS doubles on sensor production
Overview
US banknote authentication tech firm's 2025 revenue grew 31% yr/yr, driven by sensor production
Adjusted EPS for 2025 doubled yr/yr, adjusted EBITDA rose 83%
Company raised annual dividend to $0.136/share, citing highest profitability since inception
Outlook
Spectra expects to deliver remaining sensors in 2026, significantly increasing cash
Company expects gaming software group EBITDA of $500k-$800k in 2026
Spectra anticipates qualification and a test order from a middle eastern central bank in 2026
Result Drivers
SENSOR PRODUCTION - Co said revenue growth was primarily driven by sensor manufacturing and related hardware sales for a development contract scheduled for completion in 2026
GAMING SOFTWARE TURNAROUND - Co said gaming software security business produced record revenues and profitability in 2025
CSP INTEGRATION & CONTRACTS - Co said full integration of Cartor Security Printers and new hybrid stamp contracts contributed to revenue growth
Company press release: ID:nRSd5579Ya
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| $64.28 mln |
|
FY Adjusted EPS |
| $0.38 |
|
FY Net Income |
| $20.05 mln |
|
FY Adjusted EBITDA |
| $27.31 mln |
|
FY EBIT |
| $24.30 mln |
|
FY Gross Profit |
| $37.07 mln |
|
FY Operating Expenses |
| $12.77 mln |
|
FY Pretax Profit |
| $26.81 mln |
|
Analyst Coverage
Wall Street's median 12-month price target for Spectra Systems Corp is GBp256.50, about 103.6% above its March 27 closing price of GBp126.00
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago
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