Spectra Inc. Reports Third Quarter 2017 Results
For Immediate Release – November 8, 2017
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its financial results for the first nine months of 2017. Revenues for the nine-month period ending September 30, 2017 were $1,332,592 compared to $1,206,651 for the same period in 2016. Revenues for the third quarter ending September 30, 2017 were $432,186 compared to $342,034 in 2016.
The third quarter ended September 30, 2017 showed a net profit of $56,809 compared to a net profit of $16,360 for the third quarter ended September 30, 2016.
During the nine-month period ended September 30, 2017, a net profit of $190,424 was
achieved compared to a net profit of $94,115 for the nine-month period ended September 30, 2016.
Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North
American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke indicating system, Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic system and the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Spectra manufacturers and distributes the new Arrow Logger™ brake stroke data logger that has been designed to enhance the performance of the Brake Safe® system. Spectra distributes Zafety Lug LockÒ, a lug nut retainer that uses the resistance between wheel nuts to minimize their ability to rotate and loosen, reducing the risk of wheel damage or wheel loss and Hub Alert™, an innovative heat sensing label that provides an alert for overheating wheel ends, reducing the risk of bearing failure and corresponding maintenance and repair costs.
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.
On behalf of the Board of Directors,
Glen Campbell, Chairman, Spectra Inc.
Investor Relations: 1-800-308-5255