Mr. Andrew Malion reports

SSA Q4 2023 FINANCIALS

Spectra Products Inc. has released its financial results for the year ended Dec. 31, 2023.

Continued operational profitability in 2023 has allowed the company to increase its cash reserves by over $150,000 to $1,234,382 as at Dec. 31, 2023.

Revenues for the year ended Dec. 31, 2023, were $2,076,927 compared with $1,651,946 for the same period in 2022. Revenues for the fourth quarter ending Dec. 31, 2023, were $366,217 compared with $500,953 for the same period in 2022.

In the year ended Dec. 31, 2023, net income before taxes of $387,159 was earned compared with net income before taxes of $168,848 for the same period in 2022. In the fourth quarter ended Dec. 31, 2023, net income before taxes of $8,622 was incurred compared with net loss before taxes of $54,782 for the same period in 2022.

"We are excited to report strong 2023 financial results for Spectra Products Inc., with significant revenue growth and profitability," said Andrew Malion, chief executive officer of Spectra Products. "This is a result of increased sales in the large U.S. trucking market for several products."

About Spectra Products Inc.

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, Zafety Lug LockO and Hub Alert as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants.

We seek Safe Harbor.