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Spectra Systems 'achieved what we said we would' as central bank customer work increases

Spectra Systems 'achieved what we said we would' as central bank customer work increases

Spectra Systems Corporation (AIM:SPSY, OTC:SCTQ) CEO Nabil Lawandy joined Proactive to speak about Spectra's 2021 year-end financials, where he said buoyant demand for banknotes, anti-fraud sensor systems and optical equipment from its main central bank customer helped revenues rise 13% in the year just ended. Total revenues rose to US$16.6mln in 2021 helped largely by a 71% leap in service income to US$5.52mln, while profits rose by 10% to US$5.94mln.