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  4. Spectra Prods (SPKTF) Message Board

symbols: SSA.V(Canada) & SPKTF(USA) Automotive/

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Post# of 17
(Total Views: 221)
Posted On: 09/17/2020 11:48:04 AM
Posted By: ChadPimm
symbols: SSA.V(Canada) & SPKTF(USA)

Automotive/Safety parts company for commercial fleet vehicles. Spectra Products has been profitable for over half a decade. Last year, all their debt was cleaned up through a large placement. All information is available on Sedar or Stockwatch.

Most recent news:

Spectra has Q1 profit before tax of $176,513

2020-05-04 07:29 MT - News Release

Mr. Andrew Malion reports

SPECTRA PRODUCTS INC. REPORTS FIRST QUARTER 2020 RESULTS

Spectra Products Inc. has released its financial results for the three months ended March 31, 2020. Revenues for the three-month period ending March 31, 2020, were $535,926 compared with $495,507 for the same period in 2019.

In the three-month period ended March 31, 2020, a net profit before income taxes of $176,513 was earned compared with a net profit before income taxes of $106,287 for the three-month period ended March 31, 2019.

About Spectra Products Inc.

Spectra is the Toronto-based North American designer, manufacturer and distributor of wheel-end safety products to the transportation industry.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.


From the MD&A on page 8:

As well as the cash resources the Company had, at June 30, 2020, invested in $75,000 in a convertible debenture in Immunoprecise Antibodies Ltd, bearing interest at 10%, maturing on May 15, 2022 and convertible into common shares at a price of $0.85 per share. This resulted in short term cash and term deposits of $457,426, compared to an equivalent amount of $305,829 at December 31, 2019.


(IPATF) Immunoprecise hit an all today high today of $2 and continues to climb.


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