JonnyRBuck12
4年前
459,000 shares purchased so far through share buyback:
Recent filings
Filed 2022-04-12 13:43
Tx date 2022-04-01 $SSA
Spectra Products Inc. Spectra Products Inc.
1 - Issuer
Direct Ownership
Common Shares
38 - Redemption, retraction, cancellation, repurchase $6,360
+159,000 vol
$0.04 each 459,000
Filed 2022-04-12 13:43
Tx date 2022-03-29 $SSA
Spectra Products Inc. Spectra Products Inc.
1 - Issuer
Direct Ownership
Common Shares
38 - Redemption, retraction, cancellation, repurchase $240.00
+6,000 vol
$0.04 each 300,000
Filed 2022-04-12 13:41
Tx date 2022-03-25 $SSA
Spectra Products Inc. Spectra Products Inc.
1 - Issuer
Direct Ownership
Common Shares
38 - Redemption, retraction, cancellation, repurchase $2,800
+70,000 vol
$0.04 each 294,000
Filed 2022-04-12 13:40
Tx date 2022-03-21 $SSA
Spectra Products Inc. Spectra Products Inc.
1 - Issuer
Direct Ownership
Common Shares
38 - Redemption, retraction, cancellation, repurchase $5,920
+148,000 vol
$0.04 each 224,000
Filed 2022-04-12 13:36
Tx date 2022-03-18 $SSA
Spectra Products Inc. Spectra Products Inc.
1 - Issuer
Direct Ownership
Common Shares
38 - Redemption, retraction, cancellation, repurchase $3,040
+76,000 vol
$0.04 each 76,000
Filed 2022-04-12 13:32
Tx date 2022-03-15 $SSA
Spectra Products Inc. Spectra Products Inc.
1 - Issuer
Direct Ownership
Common Shares
00 - Opening Balance-Initial SEDI Report
JonnyRBuck12
4年前
Spectra Products earns $387,721 before taxes in 2021
2022-03-31 14:55 ET - News Release
Mr. Andrew Malion reports
SPECTRA PRODUCTS INC. REPORTS 4TH QUARTER 2021 RESULTS
Spectra Products Inc. has released its financial results for the year ended Dec. 31, 2021.
Continued operational profitability in 2021 has allowed the company to increase its cash reserves by over $300,000 to $877,547 at Dec. 31, 2021.
Revenues for the year ended Dec. 31, 2021, were $1,692,872 compared with $1,594,025 for the same period in 2020. Revenues for the fourth quarter ended Dec. 31, 2021, were $390,083 compared with $408,868 for the same period in 2020.
In the year ended Dec. 31, 2021, net income before taxes of $387,721 was earned compared with net income before taxes of $486,528 for the same period in 2020. In the fourth quarter ended Dec. 31, 2021, net income before taxes of $74,246 was earned compared with net income before taxes of $113,243 for the same period in 2020.
The main factors that contributed to the $98,807 decrease in annual net income was an $83,980 expense in 2021 as a result of the issuance of director and employee stock options. There was no comparable expense in 2020.
Spectra Products 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 Alert and the Anti-Seize cotter pin, as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants.
We seek Safe Harbor.
JonnyRBuck12
4年前
Spectra Products to buy back up to 3.85 million shares
2022-03-07 10:25 ET - News Release
Mr. Andrew Malion reports
SPECTRA PRODUCTS INC. ANNOUNCES NORMAL COURSE ISSUER BID.
The TSX Venture Exchange has accepted Spectra Products Inc.'s notice of intention to make a normal course issuer bid to purchase for cancellation, from time to time, as Spectra considers advisable, up to a maximum of 3,855,500 common shares in the capital of the company. The maximum number of common shares to be purchased pursuant to the bid represents 5 per cent of the company's 77,109,971 common shares outstanding as at the date hereof.
Purchases of common shares will be made on the open market through the facilities of the TSX Venture Exchange and/or permitted alternative trading systems. The price that Spectra will pay for any common shares purchased by it will be the prevailing market price of the common shares at the time of such purchase. The actual number of common shares that may be purchased for cancellation and the timing of any such purchases will be determined by the company.
The bid will commence on March 15, 2022, and will terminate on March 15, 2023, or at such earlier time as the bid is completed or terminated at the option of Spectra. The company has retained Canaccord Genuity Corp. as its broker to conduct the bid on its behalf.
Management of the company is of the view that at times the trading price of the common shares may not fully reflect the underlying value of the company's business. The ability of the company to repurchase its common shares for cancellation may at times represent an attractive opportunity to enhance the company's per common share metrics and thereby increase the underlying value of the common shares for all shareholders. In addition, the bid may increase liquidity for shareholders who wish to sell their common shares.
Spectra Products 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 Alert and the Anti-Seize Cotter Pin, as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants.
We seek Safe Harbor.
JonnyRBuck12
5年前
Spectra earns $123,215 before taxes in Q3 2021
2021-10-26 10:04 ET - News Release
Mr. Andrew Malion reports
SPECTRA PRODUCTS 3RD QUARTER FINANCIALS PRESS RELEASE
Spectra Products Inc. has released its financial results for the nine months ended Sept. 30, 2021.
Revenues for the nine-month period ending Sept. 30, 2021, were $1,302,789 compared with $1,185,159 for the same period in 2020. Revenues for the third quarter ending Sept. 30, 2021, were $421,848 compared with $343,882 for the same period in 2020.
In the nine-month period ended Sept. 30, 2021, net income before taxes of $313,475 was earned compared with net income before taxes of $373,285 for the same period in 2020. In the third quarter ended Sept. 30, 2021, net income before taxes of $123,215 was earned compared with net income before taxes of $121,910 for the same period in 2020.
The main factors that contributed to the $59,810 decrease in nine-month net income was an $83,980 expense in 2021 as a result of the issuance of director and employee stock options. There was no comparable expense in 2020.
As at Sept. 30, 2021, cumulative other comprehensive income, representing the after-tax realized and unrealized gains on investments, totalled $28,901.
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 Alert and the Anti-Seize Cotter Pin as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants.
We seek Safe Harbor.
JonnyRBuck12
5年前
Spectra Products to offer Optimum Fleet program
2021-08-18 10:47 ET - News Release
Mr. Andrew Malion reports
SPECTRA PRODUCTS INC. ANNOUNCES SIGNING RESELLER AGREEMENT WITH OPTIMUM FLEET HEALTH
Spectra Products Inc. has signed a reseller agreement with Optimum Fleet Health, the leader in predictive maintenance solutions using artificial intelligence to reduce or eliminate unplanned repairs and unscheduled downtime in the transportation industry in North America.
Under this agreement Spectra Products Inc. will offer the Optimum Fleet Health program to its existing Fleet customers and potential prospects in Canada and the United States through direct contact with senior management at these fleets.
"We are very excited about our new partnership with Spectra. This will allow Spectra's existing fleet customers to harness the full capabilities of Optimum Fleet Health's predictive maintenance software. Maintenance teams can now analyze their fleet using a real-time predictive system rather than time or calendar-based maintenance. The solution provides the client with the opportunity to reduce unscheduled downtime and eliminate inefficient processes of overstocking parts and double scheduling of assets. From the technician's perspective, diagnostics time for troubleshooting can be reduced by as much as 80%." says Optimum's CEO Bob Moran.
This is a mutually beneficial agreement that will allow Optimum Fleet Health to present Spectra Products' wheel end safety products to their existing customer base of over 100,000 vehicles.
Optimum Fleet Health's predictive maintenance solution helps businesses detect unforeseen vehicle issues, diagnose the cause, predict relative time to failure, and prescribe a detailed resolution path up to four weeks in advance. Optimum uses data transmitted from telematics devices to analyze thousands of key performance indicators, allowing maintenance managers to monitor the health of assets in real-time. Any anomalies of system components will trigger maintenance events to be prioritized, scheduled, and corrected before they lead to unplanned downtime.
"We have already had very positive response from an initial group of customers that are excited about starting trials with the Predictive AI technology of Optimum Fleet Health" said Andrew Malion President of Spectra Products Inc." "With on the road repairs costing on the average of four times as much as a repair in the shop, fleets are looking for ways to reduce unnecessary maintenance costs and Optimum Fleet Health can reduce these costs dramatically" Spectra Products will receive a recurring monthly fee for each vehicle on the Optimum Fleet Health program introduced by Spectra Products Inc.
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,the Termin-8RO line of Electric Vehicle protection for charging ports and charging stations, anti-corrosion, extreme pressure lubricants, Hub Alert, and the Anti-Seize Cotter Pin(TM). Learn more at www.spectraproducts.ca
Optimum Fleet Health is a leader in predictive maintenance analytics for diesel-powered fleets. Our mission is to help clients improve the overall safety, efficiency, and functionality of operational assets. We focus on adding instant value for each company we support by helping fleets immediately reduce operational costs and disruptions from unplanned maintenance activities. Simply put - Optimum Drives Uptime by anticipating breakdowns weeks in advance. We achieve this by using predictive analytics to leverage a vehicle's historical data profile, and couple it with our industry-leading in-depth technical knowledge to deliver accurate and early identification of mechanical issues. This intelligence is driven by our proprietary Optimum VRx engine, which uses our Enginetics(TM) database to analyze more than 8,000 key performance indicators. Optimum VRx analysis changes hindsight to foresight by enabling your maintenance organization to predict system failures or quality issues before they happen. On top of our artificial intelligence learning models, Optimum Fleet Health has industry-leading mechanics on staff that analyze and validate each diagnostic event. Our mechanics ensure the notifications your managers receive are relevant and critical to operational success. Learn more at www.optimumfleethealth.com
We seek Safe Harbor.
JonnyRBuck12
5年前
Spectra earns $111,571 before taxes in Q2 2021
2021-07-26 10:11 ET - News Release
Mr. Andrew Malion reports
SPECTRA PRODUCTS PRESS RELEASE REPORT 29TH QUARTER OF OPERATIONAL PROFIT
Spectra Products Inc. has released its financial results for the six months ended June 30, 2021.
Revenues for the six-month period ending June 30, 2021, were $880,941 compared with $841,277 for the same period in 2020. Revenues for the second quarter ending June 30, 2021, were $391,237 compared with $305,351 for the same period in 2020.
In the six-month period ended June 30, 2021, net income before taxes of $190,260 was earned compared with net income before taxes of $251,375 for the same period in 2020. In the second quarter ended June 30, 2021, net income before taxes of $111,571 was earned compared with net income before taxes of $74,862 for the same period in 2020.
The main factors that contributed to the $61,115 decrease in six-month net income was an $83,980 expense in 2021 as a result of the issuance of director and employee stock options. There was no comparable expense in 2020.
As at June 30, 2021, cumulative other comprehensive income, representing the after-tax realized and unrealized gains on investments, totaled $65,797.
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 Alert and the Anti-Seize Cotter Pin as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants.
We seek Safe Harbor.
JonnyRBuck12
5年前
Spectra Products Inc. Reports First Quarter 2021 Results
For Immediate Release – May 17, 2021
Toronto, Ontario – Spectra Products Inc. (SSA: TSX VENTURE) reports the release of its financial results for the
three-months ended March 31, 2021.
Revenues for the three-month period ending March 31, 2021 were $489,704 compared to $535,926 for the same period
in 2020.
In the three-month period ended March 31, 2021, net income before taxes of $78,689 was earned compared to net
income before taxes of $176,513 for the same period in 2020.
The main factors that contributed to the $97,824 decrease in net income were an $83,980 expense in 2021 as a result of the issuance of director and employee stock options and a $16,948 reduction in gross profit, due to lower sales.
As at March 31, 2021, Cumulative Other Comprehensive Income, representing the after-tax unrealized gain on investments, totaled $164,799.
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 Safe, Brake Inspector, Zafety Lug Lock, 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.
JonnyRBuck12
5年前
Spectra Products Inc. May 2021 Company Presentation - Termin8r Product For Battery Maintenance
https://static1.squarespace.com/static/5570c637e4b093e99edb8082/t/609c3974b8cbb73b36b9ef95/1620851061144/Spectra+Products+Inc.+Company+Presentation+May+2021+%28Amended+May+12%29.pdf
On Page 5:
Termin-8R has been protecting Electronics against corrosion for over 25 years in North America. The Electrical Vehicle (EV) Market has moved into the fast lane and the electrification of Passenger and Commercial vehicles is here to stay. If your Electric vehicle is even a few years old, chances are your charge port is starting to show signs of corrosion. Allowing this corrosion to build up can lead to contact failure, overheating, shorting, and a reduction in charging efficiency. As a result, your battery will take longer to load or fail to charge up fully. Low Volatile Organic Compound (VOC) means Termin-8R is safe for use on sensitive materials such as circuit boards, computer sensors, silicone, rubber and plastic, with no risk of damage or performance degradation. Many chemical sprays have high VOC levels and are damaging to equipment and components in day to day use for numerous transportation applications. Multi-functional Termin-8R® outperforms single-use chemical sprays and eliminates the need to stock many limited, one-use-only products: Dielectric Lubrication, Penetrant and Anti-Seize, High Pressure Lubricant, Corrosion Removal & Control, Moisture Eliminator, Contact Cleaner, Chain & Cable Lubricant, Battery Terminal Cleaner & Protector. Termin-8R’s dielectric feature makes it safe and ideal for electrical connections and equipment.
JonnyRBuck12
5年前
SSA Company Performance Chart From 2006 To 2020
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--- $1,594,026--- $603,462--- $1,948,485--- $283,484--- 6.87
JonnyRBuck12
5年前
Spectra Products Inc. Reports Fourth Quarter 2020 Results
For Immediate Release – April 27, 2021
Toronto, Ontario – Spectra Products Inc. (SSA: TSX VENTURE) reports the release of its financial results for the twelve-month ended December 31, 2020. Revenues for the twelve-month period ending December 31, 2020 were $1,594,026 compared to $2,036,047 for the same period in 2019. Revenues for the fourth quarter ending December 31, 2020 were $408,867 compared to $380,944 in 2019.
In the twelve-month period ended December 31, 2020, income before income taxes of $486,528 was earned and other comprehensive income before income taxes of $285,041 was earned, resulting in total comprehensive income before income taxes for the twelve-month period ended December 31, 2020 of $771,569. For the twelve-month period ended December 31, 2020 total comprehensive income, after income taxes, was $603,462.
“In spite of the severe downturn in the economy due to Covid-19, the Company’s Gross Profit decreased much less than the general decline in the economy. Also, management was able to produce substantial reductions in expenses. Together these factors allowed the company to report its second highest level of Income Before Taxes in the Company’s history.” stated Andrew Malion, the Company’s President.
Comparatively, in the twelve-month period ended December 31, 2019, income before income taxes of $364,468 was earned and other comprehensive income before income taxes of $0 was earned, resulting in total comprehensive income before income taxes for the twelve-month period ended December 31, 2019 of $364,468. As a result of the improved financial position of the Company, in the fourth quarter of 2019, a deferred tax asset of $508,407 was recognized. Accordingly, for the twelve-month period ended December 31, 2019 total comprehensive income, after income taxes, was $872,875.
In the fourth quarter ended December 31, 2020, income before income taxes of $113,243 was earned and other comprehensive income before income taxes of $285,041 was earned, resulting in total comprehensive income before income taxes for the fourth quarter ended December 31, 2020 of $389,284. For the fourth quarter ended December 31, 2020 total comprehensive income, after income taxes, was $329,097.
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: info@spectrainc.ca
Website: www.spectrainc.ca
JonnyRBuck12
6年前
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
JonnyRBuck12
6年前
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.
JonnyRBuck12
6年前
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: info@spectrainc.ca Website: www.spectrainc.ca
JonnyRBuck12
6年前
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: info@spectrainc.ca
Website: www.spectrainc.ca
JonnyRBuck12
7年前
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.
JonnyRBuck12
7年前
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.
JonnyRBuck12
7年前
Spectra closes $830,000 financing
2019-07-02 07:03 MT - News Release
Mr. Andrew Malion reports
SPECTRA INC. ANNOUNCES UPSIZE AND COMPLETION OF PRIVATE PLACEMENT
Spectra Inc. has closed its previously announced non-brokered private placement. The offering was increased from $825,000 to $830,000. Spectra has issued 16.6 million units at a price of five cents per unit for gross proceeds of $830,000.
Each unit consists of one common share in the capital of the corporation and one-half of a common share purchase warrant. Each whole warrant will entitle the holder thereof upon payment of 7.5 cents to acquire one common share at any time prior to 5 p.m. Calgary time on Dec. 28, 2020. If, at any time after the warrants are issued, the closing price of the common shares on the TSX Venture Exchange for any 15 consecutive trading days equals or exceeds 12 cents, the corporation will have the option to, upon issuing a news release, accelerate the expiry time of the warrants to 5 p.m. Calgary time on the date that is 30 days following the date of such news release. Any warrant not exercised prior to the expiry time or the accelerated expiry time, as applicable, shall be deemed to be void or of no further force and effect.
The corporation paid finders' fees in the aggregate amount of $34,125 which is equal to 7 per cent of the gross proceeds of the offering raised by such finders.
The common shares and warrants issued pursuant to the offering are subject to a four-month-plus-one-day hold period.
The corporation intends to use the net proceeds of the offering to pay out the royalty debenture of Spectra Products Inc. in the amount of $652,065 due Aug. 6, 2019, and for general corporate purposes.
Spectra, 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 corporation'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.
JonnyRBuck12
7年前
Spectra Inc. Announces Private Placement
For Immediate Release – May 22, 2019
Toronto, Ontario – Spectra Inc. (SSA: TSXV) intends to complete a non-brokered private
placement of up to 16,500,000 units at a price of five cents ($0.05) per unit for gross
proceeds of up to $825,000 (the “Offering”)
Each unit consists of one common share (“Common Share”) in the capital of the Spectra
Inc. (the “Corporation”) and one-half of a Common Share purchase warrant (each a
“Warrant”). Each whole Warrant will entitle the holder thereof upon payment of $0.075
to acquire one Common Share at any time prior to 5.00 p.m. (Calgary time) eighteen (18)
months following the date the Warrants are issued (“Expiry Time”). If, at any time after
the Warrants are issued the closing price of the Common Shares on the TSXV for any
fifteen (15) consecutive trading days equals or exceeds $0.12, the Corporation will have
the option to, upon issuing a news release, accelerate the Expiry Time of the Warrants to
5.00 p.m. (Calgary time) on the date that is thirty (30) days following the date of such
news release (the “Accelerated Expiry Time”). Any Warrant not exercised prior to the
Expiry Time or the Accelerated Expiry Time, as applicable, shall be deemed to be void or
of no further force and effect.
The Corporation intends to use the net proceeds of the offering to payout the royalty
debenture of Spectra Products Inc. in the amount of $652,065 due August 6, 2019 and for
general corporate purposes.
Finders' fees of up to 7% of the gross proceeds raised by any finders may be payable in
either cash or Common Shares or a combination of both.
Closing of the Offering is subject to receipt of applicable regulatory approvals including
the approval of the TSXV. The securities issued will be subject to a standard four month
hold period.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke
indicating system, Brake InspectorÒ, the Corporation’s electronic in-cab air brake
diagnostic system and the Termin-8RÒ line of anti-corrosion and extreme pressure
lubricants. Spectra Products Inc. distributes Zafety Lug LockÒ, 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™, 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.
On behalf of the Board of Directors,
Andrew Malion, President, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca
JonnyRBuck12
7年前
Spectra Inc. Reports First Quarter 2019 Results
For Immediate Release – May 6, 2019
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its
financial results for the first 3 months of 2019. Revenues for the period ending March
31, 2019 were $495,507 compared to $572,009 for the same period in 2018.
The first quarter ending March 31, 2019 showed a net profit of $106,287 compared to net
profit for the three-month period in 2018 of $149,776.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke
indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Spectra Products Inc. distributes Zafety Lug LockÒ, 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™, 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.
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,
Glen Campbell, Chairman, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca
JonnyRBuck12
7年前
Spectra Inc. Reports Fourth Quarter 2018 Results
For Immediate Release – April 26, 2019
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its financial results for the 12 months ended December 31, 2018. Revenues for the twelve month period ending December 31, 2018 were $2,045,806 compared to $1,780,609 for the same period in 2017. Revenues for the fourth quarter ending December 31, 2018 were $444,429 compared to $448,017 for the same period in 2017.
Net income was $495,372 during the twelve-month period ended December 31, 2018, compared to $222,810 for the same period in 2017. Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Spectra Products Inc. distributes Zafety Lug LockÒ, 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™, 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.
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,
Glen Campbell, Chairman, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca
JonnyRBuck12
7年前
Spectra Inc. Reports Redemption of Preferred Shares
For Immediate Release – April 11, 2019
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports redemption of 100
Preferred Shares on March 31, 2019
Due to the strong results in 2018 and solid cash position at the end of the first quarter of
2019, the Corporation was able to redeem 100 Preferred Shares for $100,000 on March
31, 2019. This was three months ahead of the required redemption date of June 30,
2019.
With the 400 shares redeemed previously in 2017 and 2018 for $400,000, we will have
now redeemed $500,000 of the original balance of $750,000, leaving a remaining 250
shares with a value of $250,000 still outstanding. 125 of these shares are due for
redemption on December 31, 2019 and the final balance of 125 shares is due for
redemption on June 30, 2020.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke
indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Spectra Products Inc. distributes Zafety Lug LockÒ, 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™, 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.
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,
Glen Campbell, Chairman, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca
____________________________________________________
JonnyRBuck12
7年前
Spectra Inc. Reports Appointment of a New Director for its
subsidiary, Spectra Products Inc.
For Immediate Release – April 11, 2019
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports that Mr. Mark Donatelli,
elected to the Board of Directors of Spectra Products Inc., a subsidiary of Spectra Inc. on
January 7, 2019 has resigned from that Board.
Mr. Andrew Malion a Director of Spectra Inc. and President of both Spectra Inc. and
Spectra Products Inc. and previously a Director of Spectra Products Inc. has been
appointed to fill the vacancy on the Board of Spectra Products Inc. created by Mr.
Donatelli’s resignation.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke
indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Spectra Products Inc. distributes Zafety Lug LockÒ, 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™, 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.
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,
Glen Campbell, Chairman, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca
JonnyRBuck12
7年前
Spectra Inc. (SSA.V) Nine Month Results. All Information Available On SEDAR
Ticker Symbol: SSA.V
Current Price: $0.03
Common Shares: 60,509,971
Insider Holdings: 8.61% - All held by CEO
Institutional Holdings: 30% (Dynamic Venture Opportunities Fund)
Spectra Inc. has recorded 16 straight quarters of profits, with revenue increasing year over year
Most Recent Financial Statements (September 2018)
*Note* - Year End Will be out in March 2019, followed by Q1 2019 results in April
ASSETS
Cash: $353,454
Accounts Receivable: $291,734
Inventories: $196,269
Prepaid Expenses: 4,737
Total Assets: $846,194
LIABILITIES
Accounts Payable : $214,884
Royalty Debenture: $639,940
Preferred Shares: $450,468
Total Liabilities: $1,305,292
9 Month Sales
Revenue: $1,601,377
Cost Of Sales: $672,497
Gross Profit: $928,880
Total G&A Expenses: $541,944
Net Income: $386,936 or $0.0064 cents per share. Fair value at 10 times earnings is 6 cents
Management Discussion Highlights
The Company continues to focus its efforts on expanding the present market for its products while
introducing those products into new markets as well as seeking out new products to complement our
current wheel end safety offerings.
The Company’s Signature Brake Safe® product is well established in the Canadian market and is gaining
sales momentum in the lucrative American market. The Commercial Vehicle Safety Alliance [CVSA] is a
nonprofit association comprised of local, state, provincial, territorial and federal commercial motor vehicle
safety officials and industry representatives. The CVSA holds brake-focused enforcement events
throughout the year to identify and remove commercial vehicles with dangerous brake issues from the
roadways. Brakes out of adjustment continue to be the number ONE out service violation in North America
as evidenced this year during International Roadcheck and Operation Air Brake.
A program has been developed to educate companies of these enforcement changes and the resulting
increased intervention by regulatory agencies in order to capitalize on sales opportunities for Brake Safe.
The Company’s Termin-8R® product continues to receive strong industry acceptance with a corresponding
growth in sales to the transportation segment. The private label arrangement made for a leading supplier to
the commercial transport industry is proving to be an excellent performer.
The Company will continue to form strategic distribution alliances in the United Sates to accelerate its
wheel end safety product sales outside the Canadian marketplace.
The Company may seek sufficient additional funds to provide working capital, inventory and capital
equipment as needs arise, but at the moment, cash flow from operations is sufficient to support current
needs
The Company’s authorized share capital consists of an unlimited number of common shares; an unlimited
amount of first, second, third and fourth preferred shares and 540,000 second preferred shares, Series 1.
As at September 30, 2018, there were 60,509,971 outstanding common shares. As at September 30, 2018,
the following is a description of the outstanding equity securities and convertible securities previously
issued by the Company
During the nine months ended September 30, 2018, the Company earned $423,643 in operating activities
compared to earning $215,721 from operations during the same period in 2017. In 2018 non-cash items
contributed $29,950 for the period compared to $15,035 for the nine months ended September 30, 2017.
The Company made preference share redemptions of $125,000 in the nine months ended September 30,
2018, compared to making loan repayments of $150,000 in the nine months ended September 30, 2017.
These resulted in a net increase in cash resources of $298,643 and a cash resources balance at the end of the
period of $353,454. During the equivalent period in 2017, the Company showed a net increase in cash
resources of $65,721 and a cash resources balance of $145,467 at the end of the period.
Revenue:
Three months ended September 30, 2018
Revenue for the three months ended September 30, 2018 increased by 29 percent to $559,181 compared to
revenue of $432,186 for the three-month period ended September 30, 2017. The increase in revenue is
attributable to increases in sales of Termin-8r® from $138,882 to $163,013; Brake Safe® from $193,172 to
$264,152; Brake Inspector® from $2,244 to $6,899; Hub Alert® from $5,248 to $6,700 and sundry income
from $29,244 to $60,228 offset by decreases in sales of Zafety Lug Lock® from $63,035 to $57,920 and
Arrow Logger® from $361 to $269.
Nine months ended September 30, 2018
Revenue for the nine months ended September 30, 2018 increased by 20 percent to $1,601,377 compared to
revenue of $1,332,592 for the nine-month period ended September 30, 2017. The increase in revenue is
attributable to increases in sales of Termin-8r® from $424,223 to $450,460; Brake Safe® from $583,496 to
$756,570; Brake Inspector® from $19,603 to $21,975; Zafety Lug Lock® from $158,983 to $171,274; Hub
Alert® from $23,253 to $35,725 and sundry income from $121,389 to $164,117 offset by decreases in sales
of Arrow Logger® from $1,645 to $1,256.
Gross Profit:
Three months ended September 30, 2018
Gross profit increased by $99,298 for the three months ended September 30, 2018 to $323,988 or 58
percent of revenue from a comparable $224,690 or 52 percent of revenue for the three months ended
September 30, 2017.
Nine months ended September 30, 2018
Gross profit increased by 24% for the nine months ended September 30, 2018 to $928,880 or 58 percent of
revenue from a comparable $749,297 or 56 percent of revenue for the nine months ended September 30,
2017.
Gross profit margins will vary depending on the mix of product sales within the various product lines. In
addition, the mix of distribution channels may affect margins when sales are generated through distributors,
dealers and direct sales to OEM’s.
JonnyRBuck12
7年前
Spectra Inc. Reports Third Quarter 2018 Results
For Immediate Release – October 29, 2018
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its financial results for the first nine months of 2018. Revenues for the nine-month period ending September 30, 2018 were $1,601,377 compared to $1,332,592 for the same period in 2017, an increase of 20.17 percent. Revenues for the third quarter ending September
30, 2018 were $559,181 compared to $432,186 in 2017, an increase of 29.38 percent.
The third quarter ending September 30, 2018 showed a net profit of $145,065 compared
to a net profit of $56,809 for the third quarter ended September 30, 2017.
During the nine-month period ending September 30, 2018, a net profit of $386,936 was
generated compared to a net profit of $190,424 for the nine-month period in 2017.
Cash generated by operations in the nine-month period ending September 30, 2018 was
$423,643 compared to the comparable amount of $215,721 in the nine-month period
ended September 30, 2017; an increase of 96.38%.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke
indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Spectra manufacturers and distributes the new Arrow Logger™ brake stroke data logger
that has been designed to enhance the performance of the Brake Safe® system. Spectra
distributes Zafety Lug LockÒ, 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™, 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.
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, Chairman, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca
JonnyRBuck12
8年前
SSA.V - Spectra Inc. Q1 2018 Results (Financials + MD&A) Ending March 31st 2018.
Current Stock Price: $0.035
Common Shares: 60,509,971
Insider Holdings: 6,855,591 or 11.3%
Institutional Holdings: 18,133,000 or 30% - DVOF Debenture Holder
Financials
ASSETS
Cash: $166,650
Accounts Receivable: $318,559
Inventories: $194,230
Prepaid Expenses: $4,737
Total Assets: $684,176
LIABILITIES
Accounts Payable: $184,993
Royalty Debenture: $632,665 – Due In 2020
Preferred Shares: $562,775
Total Liabilities: $1,380,434
Q1 2018 Results
Revenue: $572,009
Gross Profit: $334,385
G&A Expense: $184,609
Net Income: $149,776
Prior Years
2014 – Total Sales: $1.44M – Net Income - $45K
2015 – Total Sales: $1.82M – Net Income - $189K
2016 – Total Sales: $1.55M – Net Income - $152K
2017 – Total Sales: $1.78M – Net Income - $223K
2018 – Total Sales: $572K – Net Income - $150K
Cost reductions and increased sales due to new contracts have made the first quarter of 2018 very strong and should continue. Over a dozen profitable quarters in a row means the cost structure is consistent and stable.
MD&A Highlights
Revenue for the three months ended March 31, 2018 increased by 30 percent to $572,009 compared to revenue of $438,733 for the three-month period ended March 31, 2017.
Brake Safe® had sales of $227,738 in 2018, compared to $165,635 in 2017; Brake Inspector® had sales of $5,565 in 2018, compared to $15,053 in 2017; Termin-8r® sales increased by $39,794 from $157,766 in the 2017 period to $197,560 in 2018; Zafety Lug Lock® had sales in 2018 of $51,355 compared to $50,327 in 2017 and Hub Alert® had 2018 sales of $25,200 compared to $10,755 in 2017.
Gross profit increased by 31% for the three months ended March 31, 2018 to $334,385 or 58 percent of revenue from a comparable $254,713 or 58 percent of revenue for the three months ended March 31, 2017.
For the quarter ended March 31, 2018, finance costs were $18,984, $11,584 higher than the comparable costs of $7,400 for the quarter ended March 31, 2017.
The net income for the three months ended March 31, 2018 was $149,776 or $0.00 per share basic and fully diluted compared to net income of $54,906 or $0.00 per share basic and fully diluted for the three months ended March 31, 2017.
Outlook
The Company continues to focus its efforts on expanding the present market for its products while introducing those products into new markets as well as seeking out new products to compliment our other offerings.
The Company’s Brake Safe® product is well established in the Canadian market and inroads are now being made into the lucrative American market. With the implementation of its new, aggressive, safety enforcement and monitoring program, CSA (Compliance, Safety, Accountability), the Federal Motor Carrier Safety Administration is bringing the focus onto unsafe Carriers and unsafe Drivers in the US transportation industry. A significant increase in roadside enforcement, citations and fines for all driver and vehicle violations will impact positively on the sales growth of Brake Safe® products. A program has been developed to educate companies of these enforcement changes and the resulting increased intervention by regulatory agencies in order to capitalize on sales opportunities for Brake Safe
The Company’s Termin-8R® product continues to receive strong industry acceptance with a corresponding growth in sales to the transportation segment. The second private label arrangement, introduced in 2010 and made for a major supplier to the commercial transport industry, is proving to be a strong performer with 2018 private label sales, by dollar amount, now being 83% of total Termin-8R® product sales and 29% more than that of the previous year. The company believes that developing new private label arrangements will be a key to the ongoing growth in the sales of this product.
The Company will continue to form strategic distribution alliances to accelerate its sales outside the Canadian marketplace. The Company may seek sufficient additional funds to provide working capital, inventory and capital equipment as needs arise, but at the moment, cash flow from operations is sufficient to support current needs.
JonnyRBuck12
8年前
Spectra Inc. Reports First Quarter 2018 Results
For Immediate Release – April 25, 2018
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its
financial results for the three-month period ending March 31, 2018. Revenues for the
three-month period ending March 31, 2018 were $572,009 compared to $438,733 for the
same period in 2017.
Net income was $149,776 during the three-month period ending March 31, 2018
compared to $54,906 for the same period in 2017.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke
indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Spectra manufacturers and distributes the new Arrow LoggerÒ brake stroke data logger
that has been designed to enhance the performance of the Brake Safe® system. Spectra
distributes Zafety Lug LockÒ, 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 AlertÒ, 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.
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,
Glen Campbell, Chairman, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: glen@spectraproducts.ca
Website: www.spectrainc.ca
JonnyRBuck12
8年前
SSA.V - Spectra Inc. Year End Results (Financials + MD&A)
Ending December 31st 2017
Note – Q1 2018 results will be released in the next 2-3 weeks with a more accurate picture of financials. This is due to Michael Faye leaving end of 2017(large expense gone) and Glen Campbell taking debt from DVOF to help reduce payments and extend deadline to 2020(Announced December 2017).
Current Stock Price: $0.03
Common Shares: 60,509,971
Insider Holdings: 6,855,591 or 11.3%
Institutional Holdings: 18,133,000 or 30% - DVOF Debenture Holder
ASSETS
Cash: $54,811
Accounts Receivable: $244,200
Inventories: $175,883
Prepaid Expenses: $4,737
Total Assets: $479,631 (2016 - $417,393)
LIABILITIES
Accounts Payable: $140,207
Royalty Debenture: $629,028
Preferred Shares: $556,430
Total Liabilities: $1,325,665 (2016 - $1,486,237)
Performance
Sales: $1,780,609 (2016 - $1,549,11)
Cost of sales: $762,500
Gross Profit: $1,018,109
Debt Extinguishment: $30,423
G&A Expenses: $825,722
Net Income: $222,810 (2016 - $151,912)
MD&A Highlights From Year End Results
Cash Flow Earned In Operations (Page 4)
2014 - $107,922
2015 - $81,815
2016 - $188,897
2017 - $275,065
Revenue
Twelve months ended December 31, 2017 Revenue for the twelve months ended December 31, 2017 increased by 15 percent to $1,780,609 compared to revenue of $1,549,112 for the twelve months ended December 31, 2017. The increase in revenue is attributable to increased sales of all major product lines.
Net income
Year ended December 31, 2017 The net income for the year ended December 31, 2017 was $222,810 or $0.00 per share basic and fully diluted compared to net income of $151,912 or $0.00 per share basic and fully diluted for the year ended December 31, 2016.
Liquidity and Cash Flow
Twelve months ended December 31, 2017 For the twelve months ended December 31, 2017, the Company earned $275,065 in operating activities compared to earning $188,897 in 2016. Non-cash items during the twelve months contributed $75,812 compared to $100,726 in 2016. $150,000 was repaid on loans payable during the year and $150,000 of preferred shares were repurchased for cancellation. These all resulted in a net decrease in cash resources of $24,935 and a cash resources balance at the end of the period of $54,811. During the equivalent twelvemonth period in 2016 the Company showed a net increase in cash resources of $35,897 and a cash resources balance at the end of the year of $79,746
The Company‘s current cash and cash equivalents are expected to meet the anticipated need for ongoing expenses, working capital and capital expenditures. In the event the Company’s cash and cash equivalents are insufficient, the Company may seek additional financing as required to provide working capital, inventory and capital equipment necessary to implement its business plan.
Management believes that the strong functional and competitive capabilities of its Brake Safe®, Brake Inspector®, Termin-8r® Zafety Lug Lock®, Hub Alert® and Arrow Logger™ product lines will improve the Company’s long-term profitability.
OUTLOOK
The Company continues to focus its efforts on expanding the present market for its products while introducing those products into new markets as well as seeking out new products to compliment our other offerings.
The Company’s Brake Safe® product is well established in the Canadian market and inroads are now being made into the lucrative American market. With the implementation of its new, aggressive, safety enforcement and monitoring program, CSA (Compliance, Safety, Accountability), the Federal Motor Carrier Safety Administration is bringing the focus onto unsafe Carriers and unsafe Drivers in the US transportation industry. A significant increase in roadside enforcement, citations and fines for all driver and vehicle violations will impact positively on the sales growth of Brake Safe® products. A program has been developed to educate companies of these enforcement changes and the resulting increased intervention by regulatory agencies in order to capitalize on sales opportunities for Brake Safe®.
The Company’s Termin-8R® product continues to receive strong industry acceptance with a corresponding growth in sales to the transportation segment. The second private label arrangement, introduced in 2010 and made for a major supplier to the commercial transport industry, is proving to be a strong performer with 2017 private label sales, by dollar amount, now being 80% of total Termin-8R® product sales and 27% more than that of the previous year. The company believes that developing new private label arrangements will be a key to the ongoing growth in the sales of this product.
The Company will continue to form strategic distribution alliances to accelerate its sales outside the Canadian marketplace.
The Company may seek sufficient additional funds to provide working capital, inventory and capital equipment as needs arise, but at the moment, cash flow from operations is sufficient to support current needs.
JonnyRBuck12
8年前
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its
financial results for the twelve-month period ending December 31, 2017. Revenues for
the twelve-month period ending December 31, 2017 were $1,780,609 compared to
$1,549,112 for the same period in 2016. Revenues for the fourth quarter ending
December 31, 2017 were $448,017 compared to $342,461 in 2016.
Net income was $222,810 during the twelve-month period ending December 31, 2017
compared to $151,912 for the same period in 2016.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke
indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic
system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Spectra manufacturers and distributes the new Arrow LoggerÒ brake stroke data logger
that has been designed to enhance the performance of the Brake Safe® system. Spectra
distributes Zafety Lug LockÒ, 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 AlertÒ, 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.
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,
Glen Campbell, Chairman, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: glen@spectraproducts.ca
Website: www.spectrainc.ca
JonnyRBuck12
8年前
Spectra CFO acquires SPI debenture, preferred shares
2017-12-20 12:58 MT - News Release
Mr. Andrew Malion reports
SPECTRA INC. ANNOUNCES CFO PURCHASES CONVERTIBLE PREFERRED SHARES AND DEBENTURE OF SPECTRA PRODUCTS INC.
CABE Financial Corp. has acquired the royalty debenture and convertible preferred shares held by Dynamic Venture Opportunities Fund in Spectra Inc.'s partially owned subsidiary company, Spectra Products Inc. (SPI), as well as 1,315 common shares in SPI also owned by Dynamic Venture Opportunities Fund.
The president, and a shareholder, of CABE is Glen Campbell, a director, chief financial officer and chairman of both Spectra and SPI.
CABE has also agreed, after completion of the transaction, to amend the terms of the convertible preferred shares to waive the right of CABE to convert such convertible preferred shares to 1,000 common shares of SPI. This waiver ensures Spectra's 67.73-per-cent ownership percentage in SPI will not be reduced in the future as a result of the conversion right previously attached to convertible preferred shares.
CABE further agreed, after completion of the transaction, to extend the date upon which the convertible preferred shares could be called for redemption. Currently, this date is May 31, 2018. The retraction privileges will now be amended to a series of dates extending into 2020. These extended retraction dates will allow SPI to better manage its cash flow to enable it to meet these new redemption dates.
The transfer of ownership to CABE of the 1,315 common shares in SPI, the royalty debenture and the convertible preferred shares was approved by the board of directors of both Spectra and SPI.
Spectra, through its subsidiary, SPI, 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.
© 2017 Canjex Publishing Ltd. All rights reserved.
JonnyRBuck12
9年前
SSA.V - Spectra Inc. Q3 Results (Financials + MD&A)
Ending September 30th 2017
Current Stock Price: $0.025
Common Shares: 60,509,971
Insider Holdings: 6,355,591 or 10.5%
Institutional Holdings: 18,133,000 or 30% - DVOF Debenture Holder
ASSETS
Cash: $145,467
Accounts Receivable: $200,840
Inventories: $162,585
Prepaid Expenses: $17,862
Equipment: $2,072
Total Assets: $528,826
LIABILITIES
Accounts Payable: $123,630
Royalty Debenture: $625,475 (Owed To DVOF)
Convertible Debenture: $568,131 (Owed To DVOF, Due August 2019)
Total Liabilities: $1,407,246
Sales By Region For 2017(Q1-Q3)
Canada: $708,782 (Last Year - $793,476)
China: $28,894 (Last Year - $0)
United States: $594,916 (Last Year - $413,175)
Total Sales: $1,332,592 (Last Year - $1,206,651)
Revenue/Profit Over Last Four Years
2014 - $1,440,000 - $45,000
2015 - $1,820,000 - $189,000
2016 - $1,550,000 - $152,000
2017 - $1,333,000 - $191,000 (9 Months Only, Q4 Out In March 2018)
In 2017, the Company derived 45% (2016 – 34%) of its revenue from sales to the United States and 2% of its sales from China (2016 – 0%). The Company’s equipment is located in Canada.
In 2017, the Company derived sales from three customers amounting to 53% of the total sales revenue (2016 – three customers amounting to 38% of the total revenue).
MD&A Highlights
Capital Disclosures
The Company’s capital structure is comprised of interest bearing debt, a royalty debenture and shareholders’ deficiency. There are no restrictions on the Company’s capital. In order to maintain and adjust its capital structure, the Company may issue share capital, issue new debt and refinance existing debt.
Three months ended September 30, 2017
Revenue for the three months ended September 30, 2017 increased by 26 percent to $432,186 compared to revenue of $342,034 for the three-month period ended September 30, 2016. The increase in revenue is attributable to increases in sales of Termin-8r® from $121,566 to $138,882; Brake Safe® from $141,749 to $193,172; Zafety Lug Lock® from $36,156 to $63,035; and Hub Alert® from $4,788 to $5,248; offset by decreases in sales of Brake Inspector® from $8,843 to $2,244; Arrow Logger® from $888 to $361 and sundry income from $29,820 to $29,244.
Nine months ended September 30, 2017
Revenue for the nine months ended September 30, 2017 increased by 10 percent to $1,332,592 compared to revenue of $1,206,651 for the nine-month period ended September 30, 2016. The increase in revenue is attributable to increases in sales of Termin-8r® from $370,212 to $424,223; Brake Safe® from $539,762 to $583,496; Zafety Lug Lock® from $142,217 to $158,983; Hub Alert® from $18,474 to $23,253; and sundry income from $96,001 to $121,389; offset by decreases in sales of Brake Inspector® from $37,609 to $19,603 and Arrow Logger® from $2,376 to $1,645.
Gross Profit:
Three months ended September 30, 2017
Gross profit increased by $11,822 for the three months ended September 30, 2017 to $224,690 or 52 percent of revenue from a comparable $212,868 or 62 percent of revenue for the three months ended September 30, 2016.
OUTLOOK
The Company continues to focus its efforts on expanding the present market for its products while introducing those products into new markets. As well the Company is seeking out new product to complement other wheel end safety products, Brake Safe®, Hub Alert® and Zafety Lug Lock®
Spectra Products Inc. is the only company in North America that provides one stop shopping for wheel end safety products in the transportation industry. Brake Safe® addresses the number one out of service violation in North America during road side inspections being brakes out of adjustment. Zafety Lug Lock® and Hub Alert® address the very serious wheel off situation of trucks and trailer losing a wheel and impacting another vehicle causing major damage or potentially causing fatalities.
The Company’s Brake Safe® product is well established in the Canadian market and as previously reported Spectra Products Inc. is executing its strategy to expand its Brake Safe® visual brake stroke indicator and diagnostic tool into the lucrative U.S. Transportation Industry. The brake violation issues are receiving a tremendous amount of attention from U.S. media as well as increased enforcement resulting in vehicles being put out of service and affecting Fleet safety records. This growing awareness is having a very positive impact on sales of Brake Safe® in the U.S. market.
The Company’s Termin-8r®product continues to receive strong industry acceptance with a corresponding growth in sales to the transportation segment. The second private label arrangement, introduced in 2010 for a major supplier to the commercial transport industry, is proving to be a strong performer with 2017 private label sales, by dollar amount, now being 81% of total Termin-8r®product sales compared to 71% of total sales during the same period in 2016.
JonnyRBuck12
9年前
Huge insider buying today:
https://app.tmxmoney.com/research/insidertradesummaries?locale=EN
Insider Trade Summaries
Last Updated: November 8, 2017
Top 10 Stocks By Net Buys Volume
Symbol Company Name Insider Buys Volume Insider Sells Volume Net Buys Volume
SSA Spectra Inc. 500,000 0 500,000
MOX Morien Resources Corp. 206,500 0 206,500
PGZ Pan Global Resources Inc. 79,500 0 79,500
PFC PetroFrontier Corp. 74,000 0 74,000
IQ AirIQ Inc. 53,000 0 53,000
RKR Rokmaster Resources Corp. 50,000 0 50,000
EMO Emerita Resources Corp. 47,000 0 47,000
MTU Manitou Gold Inc. 44,000 0 44,000
FLY FLYHT Aerospace Solutions Ltd. 37,300 0 37,300
WTR Westcore Energy Ltd. 33,500 0 33,500
Top 10 Stocks By Net Buys Value
Symbol Company Name Insider Buys Value $ Insider Sells Value $ Net Buys Value $
MOX Morien Resources Corp. 128,030 0 128,030
FLY FLYHT Aerospace Solutions Ltd. 74,451 0 74,451
NVO Novo Resources Corp. 39,840 0 39,840
BCM Bear Creek Mining Corporation 26,720 0 26,720
PGZ Pan Global Resources Inc. 13,508 0 13,508
ORE Orezone Gold Corporation 13,000 0 13,000
SSA Spectra Inc. 12,500 0 12,500
RNP Royalty North Partners Ltd 11,844 0 11,844
IQ AirIQ Inc. 9,010 0 9,010
RUP Rupert Resources Ltd. 8,645 0 8,645
JonnyRBuck12
9年前
Spectra Inc. Reports Third Quarter 2017 Results
For Immediate Release – November 8, 2017
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its financial results for the first nine months of 2017. Revenues for the nine-month period ending September 30, 2017 were $1,332,592 compared to $1,206,651 for the same period in 2016. Revenues for the third quarter ending September 30, 2017 were $432,186 compared to $342,034 in 2016.
The third quarter ended September 30, 2017 showed a net profit of $56,809 compared to a net profit of $16,360 for the third quarter ended September 30, 2016.
During the nine-month period ended September 30, 2017, a net profit of $190,424 was
achieved compared to a net profit of $94,115 for the nine-month period ended September 30, 2016.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Spectra manufacturers and distributes the new Arrow Logger™ brake stroke data logger that has been designed to enhance the performance of the Brake Safe® system. Spectra distributes Zafety Lug LockÒ, 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™, 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.
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,
Glen Campbell, Chairman, Spectra Inc.
Investor Relations: 1-800-308-5255
E-Mail: info@spectrainc.ca
Website: www.spectrainc.ca
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