Perth based technology solution company Spectur Limited (ASX:SP3) today declared the revenue of its first two months for September quarter 2018. Company’s revenue for July and August has sky-rocketed to $800,000, posting more than 2-fold increase compared to previous corresponding period revenue of $275,000.
The finishing line of September quarter is around the corner but before reaching to the end, revenue for September quarter has left behind the June’18 quarter revenue of $755,000.
But that’s not an end as the company forecast revenue for September quarter’18 to shoot as high as $1,000,000, marking another record high for the company.
Security surveillance camera company, Spectur has accredited this massive growth to east coast expansion which continue to boost the business activities. The company also eyes the recent improvement in pricing of products and services which has enabled them to align their overall gross margin with the previously announced strategy.
In response to the strong demand for Spectur’s camera, the company has invested in additional stock in the first two months of the current quarter, i.e. September 2018 quarter.
Spectur MD, Peter Holton stated: “We also have turned our attention to a refined pricing strategy to further improve gross margins. We are actively targeting larger company wide contracts to Tier 1 clients for enterprise level solutions as well as continuing to explore new business activities in new industries and verticals outside of traditional security.”
Furthermore, with the view to support the east coast operations, the company looks forward to reallocating some of its operational and capital expenditure.
Spectur Limited’s stock is trading at $0.260, recording no daily price change on 6 September 2018 (3:31 PM AEST) .
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