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Enter Symbol
or Name
USA
CA



Spectra Products Inc (2)
Symbol SSA
Shares Issued 14,650,895
Close 2023-11-21 C$ 0.265
Market Cap C$ 3,882,487
Recent Sedar Documents

Spectra Products earns $378,536 before taxes in Q3 2023

2023-11-22 11:55 ET - News Release

Subject: SSA Nov. 22 Word Document File: '\\swfile\EmailIn\20231122 085015 Attachment 2023-Q3 Press Release.docx' Spectra Products Inc. Reports Third Quarter 2023 Results For Immediate Release - November 22, 2023 Toronto, Ontario - Spectra Products Inc. (SSA: TSX VENTURE) reports the release of its financial results for the three and nine months ended September 30, 2023. Continued operational profitability in 2023 has allowed the Company to maintain its cash reserves at over $1.1 million as at September 30, 2023 with an additional $95 thousand of liquid investments. Revenues for the nine-month period ended September 30, 2023 were $1,710,460 compared to $1,152,532 for the same period in 2022, an increase of 48%. Revenues for the three months ended September 30, 2023 were $521,791 compared to $461,995 for the same period in 2022, an increase of 13%. In the nine-month period ended September 30, 2023, net income before taxes of $378,536 was earned compared to net income before taxes of $223,630 for the same period in 2022, an increase of 69%. Net income before taxes for the three months ended September 30, 2023 was $108,428 compared to $117,469 for the same period in 2022, a decrease of 8%. "We are excited to report a strong nine-month period of continued profitability, cash generation, and disciplined capital allocation" said Andrew Malion, CEO of 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, Zafety Lug LockO, and Hub Alert(TM) as well as the Termin-8RO line of Electric vehicle protection, 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. NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES 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 ______________________________________________________________________ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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