Spectra earns $192,662 in Q2 2019 2019-07-31 09:34 MT - News Release Mr. Andrew Malion reports SPECTRA INC. REPORTS SECOND QUARTER 2019 RESULTS Spectra Inc. has released its financial results for the first six months of 2019. Revenues for the six-month period ending June 30, 2019 were $1,163,187 compared to $1,042,196 for the same period in 2018, an increase of 11.6 percent. Revenues for the second quarter ending June 30, 2019 were $668,310 compared to $470,187 in 2018, an increase of 42.1 percent. The second quarter ending June 30, 2019 showed a net profit of $192,662 compared to a net profit of $92,095 for the second quarter ended June 30, 2018. During the six-month period ending June 30, 2019, a net profit of $298,949 was generated compared to a net profit of $241,871 for the six-month period in 2018. Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe(, the visual brake stroke indicating system, Brake Inspector(, the company's electronic in-cab air brake diagnostic system and the Termin-8R( line of anti-corrosion and extreme pressure lubricants. Spectra manufacturers and distributes the new ARROW LOGGER(TM) brake stroke data logger that has been designed to enhance the performance of the Brake Safetrademark system. Spectra distributes Zafety Lug Lock(, a lug nut retainer that uses the resistance between wheel nuts to minimize their ability to rotate and loosen, reducing the risk of wheel damage or wheel loss and HUB ALERT(TM), an innovative heat sensing label that provides an alert for overheating wheel ends, reducing the risk of bearing failure and corresponding maintenance and repair costs. © 2019 Canjex Publishing Ltd. All rights reserved.
Spectra earns $136,828 in Q3 2019 2019-10-28 12:29 MT - News Release Mr. Andrew Malion reports SPECTRA INC. REPORTS THIRD QUARTER 2019 RESULTS Spectra Inc. has released its financial results for the first nine months of 2019. Revenues for the nine-month period ending Sept. 30, 2019, were $1,655,103 compared with $1,601,377 for the same period in 2018, an increase of 3.36 per cent. Revenues for the third quarter ending Sept. 30, 2019, were $491,286 compared with $559,181 in 2018, a decrease of 12.15 per cent. The third quarter ending Sept. 30, 2019, showed a net profit of $136,828 compared with a net profit of $145,065 for the third quarter ended Sept. 30, 2018. During the nine-month period ending Sept. 30, 2019, a net profit of $435,777 was generated compared with a net profit of $386,926 for the nine-month period in 2018. About Spectra Inc. Spectra, through its subsidiary, Spectra Products, is the Toronto-based North American designer, manufacturer and distributor of Brake Safe, a visual brake stroke indicating system; Brake Inspector, the company's electronic in-cab air brake diagnostic system; and the Termin-8R line of anti-corrosion and extreme-pressure lubricants. We seek Safe Harbor. © 2019 Canjex Publishing Ltd. All rights reserved.
Spectra changes name to Spectra Products Inc. 2020-01-02 06:29 MT - News Release Mr. Andrew Malion reports SPECTRA INC. ANNOUNCES AMALGAMATION AND NAME CHANGE TO SPECTRA PRODUCTS INC. Spectra Products Inc. (formerly Spectra Inc.) completed a vertical short-form amalgamation with its wholly owned subsidiary Spectra Products Inc. under Section 184(1) of the Business Corporations Act (Alberta) on Jan. 1, 2020. The amalgamation was approved by the board of directors of each of the amalgamating companies. In accordance with the amalgamation, the company changed its name from Spectra Inc. to Spectra Products Inc. The company's stock trading symbol will remain as SSA on the TSX Venture Exchange and it is expected that the company's stock will commence trading under its new name next week following receipt of final approval from the TSX-V. No action will be required by existing shareholders or holders of certificates representing common shares with respect to the name change. The company's new Cusip number is 84757D100 and its new ISIN number is CA84757D1006. About Spectra Inc. Spectra is the Toronto-based North American designer, manufacturer and distributor of Brake Safe, the visual brake stroke indicating system; Brake Inspector, the company's electronic in-cab air brake diagnostic system; and the Termin-8R line of anti-corrosion and extreme pressure lubricants. © 2020 Canjex Publishing Ltd. All rights reserved. FYI: I spoke to the company regarding the reason for this amalgamation and it was done in order to use over $1 million in tax loss credits from the parent company towards the profitable cashflow of the subsidiary. So Spectra can add over $ 1 million in cash to the bank without having to pay tax on it. Given that the company has been profitable since 2014 and net income grows every year, this is a massive bonus for shareholder value.
Owner-Operator Independent Drivers Association (OOIDA) 3 hrs · At 6 p.m. Central on SiriusXM 146: Some violations turn up over and over in out-of-service orders. Often the most common involve your brakes. Mark Reddig gets information and advice from Andy Malion of Brake Safe/Spectra Products Inc. and Tom Crowley of OOIDA’s Business Services Dept. A new year has begun but the year that just ended was a significant one for the trucking industry. Land Line Media has documented that year front to back. The stories of 2019 from Jami Jones, Greg Grisolano, Mark C. Schremmer and Tyson Fisher. Wyoming lawmakers are looking at proposal to allow tolling on Interstate 80. OOIDA has taken a stand on the effort. That and more with OOIDA Manager of Government Affairs Mike Matousek. Terry P. Scruton news includes: Supreme Court will hear case involving scandal on the George Washington Bridge. Transportation jobs took a hit in 2019. And That’s one way to get your hands on a Popeyes Louisiana Kitchen chicken sandwich. https://landline.media/land-line-now/
Spectra Products Inc. (previously Spectra Inc.) Reports Fourth Quarter 2019 Results For Immediate Release – April 23, 2020 Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its financial results for the twelve-month ended December 31, 2019. Revenues for the twelve-month period ending December 31, 2019 were $2,036,047 compared to $2,045,806 for the same period in 2018. Revenues for the fourth quarter ending December 31, 2019 were $380,944 compared to $444,429 in 2018. In the twelve-month period ended December 31, 2019, a net profit before income taxes of $364,468 was earned compared to a net profit before income taxes of $495,372 for the twelvemonth period ended December 31, 2018. The fourth quarter ended December 31, 2019 showed a net loss before income taxes of $71,309 compared to a net profit before income taxes of $108,436 for the fourth quarter ended December 31, 2018. As a result of the improved financial position of the Company, the Directors now believe that a deferred tax asset of $508,407 can be recognized. This was done in the fourth quarter of 2019, resulting in net profit after taxes for the fourth quarter of 2019 of $437,098 and net profit after taxes for of $872,875 for the year ended December 31, 2019. 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 SafeÒ, Brake InspectorÒ, Zafety Lug LockÒ, Hub Alert™ and the Anti-Seize Cotter Pin™ as well as the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants. Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Corporation’s customers. Actual results and developments may therefore differ materially from those described in this release. On behalf of the Board of Directors, Andrew Malion, President, Spectra Products Inc. Investor Relations: 1-800-308-5255 E-Mail: [email protected] Website: www.spectrainc.ca
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.
Company sales slowed, but still making a profit. Balance sheet is getting stronger every quarter. At the same time, Spectra Products is now investing in other companies through debentures. 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. News release: Spectra Products Inc. Reports Second Quarter 2020 Results For Immediate Release – July 23, 2020 Toronto, Ontario – Spectra Products Inc. (SSA: TSX VENTURE) reports the release of its financial results for the six months ended June 30, 2020. Revenues for the six-month period ending June 30, 2020 were $841,277 compared to $1,163,817 for the same period in 2019. Revenues for the second quarter ending June 30, 2020 were $305,351 compared to $668,310 for the same period in 2019. In the six-month period ended June 30, 2020, a net profit before income taxes of $251,375 was earned compared to a net profit before income taxes of $298,949 for the six-month period ended June 30, 2019. In the second quarter ended June 30, 2020, a net profit before income taxes of $74,862 was earned compared to a net profit before income taxes of $192,662 for the second quarter ended June 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 second 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 SafeÒ, Brake InspectorÒ, Zafety Lug LockÒ, Hub Alert™ and the Anti-Seize Cotter Pin™ as well as the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants. Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Corporation’s customers. Actual results and developments may therefore differ materially from those described in this release. On behalf of the Board of Directors, Andrew Malion, President, Spectra Products Inc. Investor Relations: 1-800-308-5255 E-Mail: [email protected] Website: www.spectrainc.ca
SPKTF is doing quite well. Between their own positive cash flow from selling Spectra Products, alongside having a 88,000 share investment in IPATF(At an all time high) this microcap is severely undervalued. Clean balance sheet, so retained earnings can be used in multiple ways.
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.
