Podcast with Spectur Ltd

Hi, it's Chris Titley here, bringing you insights from my recent conversation with Gerard Dyson, the Managing Director of Spectur, part of the Sub11 podcast series.

San Lorenzo sunset reflected in the sea

Hi, it's Chris Titley here, bringing you insights from my recent conversation with Gerard Dyson, the Managing Director of Spectur, part of the Sub11 podcast series. On a rather gloomy and overcast day in Brisbane, we discussed the journey and strategic vision of Spectur, a company listed on the ASX under the ticker SP3.

Spectur's mission is to make communities safer, smarter, and more sustainable. This goal has become increasingly relevant in a world where security concerns and environmental issues are on the rise. Spectur’s unique value proposition lies in providing technology solutions for environments that lack traditional infrastructure, such as power and connectivity. Their wireless, solar-powered platforms support a range of applications, from lifeguard assistance to illegal dumping prevention.

Gerard shared his journey with Spectur, which began five years ago. Initially, the company had promising technology but lacked a clear strategic direction. Over the past five years, Gerard and his team have refocused the company's strategy towards targeting larger institutional and government customers, moving away from the more commoditised small business market.

One of Spectur's notable contributions is in the area of public safety, particularly in surf lifesaving and beach management. Their technology supports various government bodies and coastal councils in ensuring beach safety and sustainability. This includes connectivity to shark tagging systems, digital signboards for warnings, and real-time wave and erosion analysis. These solutions are critical in providing timely information and enhancing the efficiency of lifesaving and beach management efforts.

In addition to safety applications, Spectur's security solutions remain a significant part of their business. Their platforms utilize AI for trespass detection and deterrence, providing real-time alerts and responses without human intervention. This technology is highly valued by utility and telecommunication companies (amongst others), who benefit from its efficiency and effectiveness in maintaining security.

Spectur's approach to integrating AI is particularly interesting. Rather than developing proprietary AI technologies, they partner with various AI companies, ensuring they always have access to the latest and most cost-effective solutions. This strategy not only keeps their offerings competitive but also positions Spectur as a collaborator rather than a competitor in the tech ecosystem.

The company has also made significant strides in fiscal management, especially in response to the shifting expectations of profitability for early-stage tech companies. Over the past two years, Spectur has focused on achieving profitable growth and reducing operating cash burn. Recent financial reports indicate a positive trajectory, with substantial sales growth and improved profit margins.

A key aspect of their recent strategic decisions included a capital raise to eliminate structural debt and integrate acquired businesses. These steps have strengthened Spectur's balance sheet and positioned the company for sustainable growth.

As Gerard looks to the future, he is excited about Spectur's potential to generate profits and deliver on its commitments to customers, shareholders, and staff. I look forward to seeing how Spectur continues to innovate and make a positive impact on our communities.

Listen to the podcast here:

ASX Code: SP3

This content is factual information only, does not contain financial product advice and has not been prepared in consideration of your personal circumstances or needs. Views shared by individuals are their own personal views and not the views of Sub11. We are not licenced to provide financial product advice and cannot make investment recommendations to you. Investments carry risk. Please consider seeking professional financial advice, and read the relevant disclosure documents, before making any decisions to invest in financial products.

Disclosure: I, Chris Titley own shares in Spectur in my SMSF.