Mr. Andrew Malion reports
SPECTRA PRODUCTS INC. REPORTS FIRST QUARTER 2025 RESULTS
Spectra Products Inc. has released its financial results for the three months ended March 31, 2025.
Continued operational profitability in 2025 has allowed the company to maintain strong cash reserves as at March 31, 2025. Cash and investments comprise almost $1.5-million, an increase of almost $100,000 since Dec. 31, 2024.
Revenues for the three-month period ended March 31, 2025, were $484,392, compared with $437,618 for the same period in 2024, an increase of 11 per cent.
In the three-month period ended March 31, 2025, net income before taxes of $81,114 was earned, compared with net income before taxes of $57,810 for the same period in 2024, an increase of 40 per cent.
"We are happy to report an increase in revenues and profitability over the previous year, particularly in the current economic environment," said Andrew Malion, chief executive officer of Spectra Products.
About Spectra Products Inc.
Spectra Products is the Toronto-based designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake Safe, Zafety Lug Lock and Hub Alert, as well as the Termin-8RO line of electric-vehicle protection, anti-corrosion and extreme pressure lubricants, and Optimum Fleet Health, a revolutionary artificial-intelligence predictive and prescriptive vehicle maintenance software.
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