Spectra Products Inc. (V:SSA)
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 |
| 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: | $2.32M 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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