Spktf - Spectra Inc. (automotive)

Discussion in 'Penny Stocks' started by Jon Alba, Apr 26, 2019.

  1. Jon Alba

    Jon Alba Senior Investor

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    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.
     
  2. Jon Alba

    Jon Alba Senior Investor

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    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.
     
  3. Jon Alba

    Jon Alba Senior Investor

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  4. Jon Alba

    Jon Alba Senior Investor

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    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.
     
  5. Jon Alba

    Jon Alba Senior Investor

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    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/
     

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