Spectra Products Inc. (V:SSA*CA)

Business Focus: Auto, Truck & Motorcycle Parts (NEC)

Sector:  Consumer Cyclicals Industry:  Auto, Truck & Motorcycle Parts
 
Company Contact
Address: 41 Horner Avenue, Unit 2
ETOBICOKE ON M8Z 4X4
Tel: 1-416-2522355
Website: https://www.spectrainc.ca
IR: See website
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Key People
Andrew J. Malion
Chairman of the Board, President, Chief Executive Officer
Mark Fernandez
Chief Financial Officer
 
Business Overview
Spectra Products Inc. is a Canada-based manufacturing and marketing company. The Company operates in one market segment: bus and truck transportation safety equipment. The Company manufactures and markets brake and wheel-end monitoring equipment as an after-market product through transportation dealers, distributors, and direct sales to fleet operators. Its products include Brake Safe, Optimum Fleet Health, Termin-8R, Zafety Lug Lock, Anti-Seize Cotter Pin, Hub Alert, and Brake Inspector. Its Brake Safe is an easy-to-install visual brake stroke indicator system that allows for accurate visual inspection of air brake adjustments. Its Termin-8R is an anti-corrosive spray lubricant effective in protecting electronic surfaces, connectors, plugs, and sockets from corrosion. Its Zafety Lug Lock is a product that prevents wheel-end lug nuts from loosening leading to wheel damage or wheel loss. Its Brake Inspector provides in-cab indication of a truck or bus's air brake activity.
Financial Overview
For the nine months ended 30 September 2023, Spectra Products Inc revenues increased 48% to C$1.7M. Net income increased 70% to C$279K. Revenues reflect Canada segment increase of 55% to C$836K, United States segment increase of 40% to C$857K. Basic Earnings per Share excluding Extraordinary Items increased from C$0.01 to C$0.02.
Reporting Currency: Canadian Dollars
Enterprise value: $2.31M as of Sep 30, 2023
Annual revenue (TTM): $2.21M as of Sep 30, 2023
EBITDA (TTM): $0.38M as of Sep 30, 2023
Net annual income (TTM): $0.20M as of Sep 30, 2023
Free cash flow (TTM): $0.30M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 14,105,895 as of Mar 27, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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