Spectur (ASX: SP3) revenue and pipeline grows with US expansion on the horizon (w/ Gerard Dyson)
Spectur (ASX: SP3) managing director Gerard Dyson joins Small Caps to discuss the company’s latest quarterly results and expansion plans.
The Australian solar-powered security provider is a developer, manufacturer and integrated seller of innovative hardware and disruptive cloud-based software technology to industries including government and utilities, and the building, construction and civil sector.
For the full 2022 financial year, Spectur reported a record revenue performance of $5.83 million, up 11% on FY2021. Of this total, $3.33 million, or 57%, was classified as recurring revenue. The company’s unweighted sales pipeline has grown to $10.2 million by mid-July, which bodes well for continued growth in the new financial year.
Spectur recently announced firm commitments from investors to raise $1.86 million to fund its expansion and marketing plans. It also aims to raise between $500,000 and $1.15 million through a security purchase plan.
The company’s plan for the proceeds involves its expansion across regional Australia and the development of its globalised modular platform. Spectur also stated plans to expand into select US states to capture a near-term $300 million-plus market.
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