Subject: SSA
Word Document
File: '\\swfile\EmailIn\20250430 061110 Attachment 2025-Q1 Press Release.docx'
Spectra Products Inc. Reports First Quarter 2025 Results
For Immediate Release - April 30, 2025
Toronto, Ontario - Spectra Products Inc. (SSA: TSX VENTURE) reports the release of 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 $1.5M, an increase of almost $100,000 since December 31, 2024.
Revenues for the three-month period ended March 31, 2025 were $484,392 compared to $437,618 for the same period in 2024, an increase of 11%.
In the three-month period ended March 31, 2025, net income before taxes of $81,114 was earned compared to net income before taxes of $57,810 for the same period in 2024, an increase of 40%.
"We are happy to report an increase in revenues and profitability over the previous year, particularly in the current economic environment" 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), the Termin-8RO line of Electric vehicle protection, anti-corrosion and extreme pressure lubricants, and Optimum Fleet Health, a revolutionary AI predictive and prescriptive vehicle maintenance software.
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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