SSA.V - Spectra Products Inc.

[Jack_Aster]

Symbols: SSA.V(Canada) & SPKTF(USA)

Automotive/Safety parts company for commercial fleet vehicles. Spectra Products has been profitable for over half a decade. Last year, all their debt was cleaned up through a large placement. All information is available on Sedar or Stockwatch.

Most recent news:

Spectra has Q1 profit before tax of $176,513

2020-05-04 07:29 MT - News Release

Mr. Andrew Malion reports

SPECTRA PRODUCTS INC. REPORTS FIRST QUARTER 2020 RESULTS

Spectra Products Inc. has released its financial results for the three months ended March 31, 2020. Revenues for the three-month period ending March 31, 2020, were $535,926 compared with $495,507 for the same period in 2019.

In the three-month period ended March 31, 2020, a net profit before income taxes of $176,513 was earned compared with a net profit before income taxes of $106,287 for the three-month period ended March 31, 2019.

About Spectra Products Inc.

Spectra is the Toronto-based North American designer, manufacturer and distributor of wheel-end safety products to the transportation industry.

We seek Safe Harbor.

? 2020 Canjex Publishing Ltd. All rights reserved.


From the MD&A on page 8:

As well as the cash resources the Company had, at June 30, 2020, invested in $75,000 in a convertible debenture in Immunoprecise Antibodies Ltd, bearing interest at 10%, maturing on May 15, 2022 and convertible into common shares at a price of $0.85 per share. This resulted in short term cash and term deposits of $457,426, compared to an equivalent amount of $305,829 at December 31, 2019.


Immunoprecise hit an all today high today of $2 and continue to climbs.

[Jack_Aster]

Spectra earns $121,910 before taxes in Q3

2020-10-15 07:55 MT - News Release


Mr. Andrew Malion reports

SPECTRA PRODUCTS INC. REPORTS 3RD QUARTER RESULTS

Spectra Products Inc. has released its financial results for the nine months ended Sept. 30, 2020. Revenues for the nine-month period ending September 30, 2020 were $1,185,159 compared to $1,655,103 for the same period in 2019. Revenues for the third quarter ending September 30, 2020 were $343,882 compared to $491,286 for the same period in 2019.

In the nine-month period ended September 30, 2020, a net profit before income taxes of $373,285 was earned compared to a net profit before income taxes of $435,777 for the nine-month period ended September 30, 2019. In the third quarter ended September 30, 2020, a net profit before income taxes of $121,910 was earned compared to a net profit before income taxes of $136,828 for the third quarter ended September 30, 2019.

As a result of the COVID-19 virus, the slow-down in the various market segments reduced the Company's revenue levels in the third quarter of 2020, however the Company was still able to remain profitable. The Company has strong cash reserves and is well positioned to maintain operations, albeit at reduced levels of revenue and profitability, until market levels return to normal.

Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake SafeO, Brake InspectorO, Zafety Lug LockO, Hub AlertTM and the Anti-Seize Cotter PinTM as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants.

We seek Safe Harbor.

[Jack_Aster]

Year Revenue Profit/(-Loss) Assets Liabilities Asset/Debt Ratio
2006 $807,000 -$485,000 $464,000 $2,505,000 0.19
2007 $794,000 -$1,010,000 $678,000 $2,104,000 0.32
2008 $844,000 -$758,000 $593,000 $2,630,000 0.23
2009 $774,000 -$648,000 $353,000 $3,040,000 0.12
2010 $1,160,000 -$340,000 $388,000 $3,400,000 0.11
2011 $1,230,000 $177,000 $399,000 $2,146,000 0.19
2012 $1,170,000 -$315,000 $274,000 $2,260,000 0.12
2013 $1,280,000 -$74,000 $292,000 $2,280,000 0.13
2014 $1,440,000 $45,000 $343,000 $2,207,000 0.16
2015 $1,820,000 $189,000 $445,000 $1,840,000 0.24
2016 $1,550,000 $152,000 $417,000 $1,490,000 0.28
2017 $1,780,609 $222,810 $479,631 $1,325,665 0.36
2018 $2,045,806 $495,372 $747,183 $1,097,845 0.68
2019 $2,036,047 $872,875 $1,432,222 $370,683 3.86
2020(Q1-Q3) $1,185,159 $274,365 $1,640,772 $304,868 5.38