Spectra Systems Corporation (AIM:SPSY) said its newest customer for the company's optical materials in K-cups for Keurig coffee brewers has already placed three orders since September.
The orders from the new customer, worth US$394,000, are already 93% of the expected 2021 revenues from this product and 46% higher than total orders in 2020, Spectra said.
"Based on this order pattern, we expect that this new customer, along with the existing customer, will result in over US$1mln of high margin revenue in 2022,” said Dr Nabil Lawandy, the chief executive officer of Spectra.