Mon 11/20/2017 06:22 ET
DJIA23358.24100.120.43%SOLAR24.550.140.57%GOLD1294.3916.181.25%Shanghai3136.7734.501.10%
S&P 5002578.856.710.26%BANKS26.160.020.08%OIL56.611.472.60%Nikkei22420.08417.011.86%
NASDAQ6782.7910.170.15%SEMI103.251.621.57%US/EU1.180.000.11%Futures2574.252.000.08%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Mining and Commodities Eh! (Spectra Inc - SSA.V)    All things commodities, with a Canadian Junior Miner focus.

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add SSA.V
  
From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 11/09/2017 10:48
Forum: Mining and Commodities Eh! - Msg #6060 - List SSA.V msgs Thread #673963007 (Rec: 0)
SSA.V - Spectra Inc. Q3 Results (Financials + MD&A)
Ending September 30th 2017

Current Stock Price: $0.025
Common Shares: 60,509,971
Insider Holdings: 6,355,591 or 10.5%
Institutional Holdings: 18,133,000 or 30% - DVOF Debenture Holder

ASSETS
Cash: $145,467
Accounts Receivable: $200,840
Inventories: $162,585
Prepaid Expenses: $17,862
Equipment: $2,072
Total Assets: $528,826

LIABILITIES
Accounts Payable: $123,630
Royalty Debenture: $625,475 (Owed To DVOF)
Convertible Debenture: $568,131 (Owed To DVOF, Due August 2019)
Total Liabilities: $1,407,246

Sales By Region For 2017(Q1-Q3)
Canada: $708,782 (Last Year - $793,476)
China: $28,894 (Last Year - $0)
United States: $594,916 (Last Year - $413,175)
Total Sales: $1,332,592 (Last Year - $1,206,651)

Revenue/Profit Over Last Four Years
2014 - $1,440,000 - $45,000
2015 - $1,820,000 - $189,000
2016 - $1,550,000 - $152,000
2017 - $1,333,000 - $191,000 (9 Months Only, Q4 Out In March 2018)

In 2017, the Company derived 45% (2016 – 34%) of its revenue from sales to the United States and 2% of its sales from China (2016 – 0%). The Company’s equipment is located in Canada.

In 2017, the Company derived sales from three customers amounting to 53% of the total sales revenue (2016 – three customers amounting to 38% of the total revenue).

MD&A Highlights

Capital Disclosures
The Company’s capital structure is comprised of interest bearing debt, a royalty debenture and shareholders’ deficiency. There are no restrictions on the Company’s capital. In order to maintain and adjust its capital structure, the Company may issue share capital, issue new debt and refinance existing debt.

Three months ended September 30, 2017
Revenue for the three months ended September 30, 2017 increased by 26 percent to $432,186 compared to revenue of $342,034 for the three-month period ended September 30, 2016. The increase in revenue is attributable to increases in sales of Termin-8r® from $121,566 to $138,882; Brake Safe® from $141,749 to $193,172; Zafety Lug Lock® from $36,156 to $63,035; and Hub Alert® from $4,788 to $5,248; offset by decreases in sales of Brake Inspector® from $8,843 to $2,244; Arrow Logger® from $888 to $361 and sundry income from $29,820 to $29,244.

Nine months ended September 30, 2017
Revenue for the nine months ended September 30, 2017 increased by 10 percent to $1,332,592 compared to revenue of $1,206,651 for the nine-month period ended September 30, 2016. The increase in revenue is attributable to increases in sales of Termin-8r® from $370,212 to $424,223; Brake Safe® from $539,762 to $583,496; Zafety Lug Lock® from $142,217 to $158,983; Hub Alert® from $18,474 to $23,253; and sundry income from $96,001 to $121,389; offset by decreases in sales of Brake Inspector® from $37,609 to $19,603 and Arrow Logger® from $2,376 to $1,645.

Gross Profit:
Three months ended September 30, 2017
Gross profit increased by $11,822 for the three months ended September 30, 2017 to $224,690 or 52 percent of revenue from a comparable $212,868 or 62 percent of revenue for the three months ended September 30, 2016.

OUTLOOK
The Company continues to focus its efforts on expanding the present market for its products while introducing those products into new markets. As well the Company is seeking out new product to complement other wheel end safety products, Brake Safe®, Hub Alert® and Zafety Lug Lock®

Spectra Products Inc. is the only company in North America that provides one stop shopping for wheel end safety products in the transportation industry. Brake Safe® addresses the number one out of service violation in North America during road side inspections being brakes out of adjustment. Zafety Lug Lock® and Hub Alert® address the very serious wheel off situation of trucks and trailer losing a wheel and impacting another vehicle causing major damage or potentially causing fatalities.

The Company’s Brake Safe® product is well established in the Canadian market and as previously reported Spectra Products Inc. is executing its strategy to expand its Brake Safe® visual brake stroke indicator and diagnostic tool into the lucrative U.S. Transportation Industry. The brake violation issues are receiving a tremendous amount of attention from U.S. media as well as increased enforcement resulting in vehicles being put out of service and affecting Fleet safety records. This growing awareness is having a very positive impact on sales of Brake Safe® in the U.S. market.

The Company’s Termin-8r®product continues to receive strong industry acceptance with a corresponding growth in sales to the transportation segment. The second private label arrangement, introduced in 2010 for a major supplier to the commercial transport industry, is proving to be a strong performer with 2017 private label sales, by dollar amount, now being 81% of total Termin-8r®product sales compared to 71% of total sales during the same period in 2016.



Reply to Jimjones1972 - Msg #6059 - 11/08/2017 22:51

SSA was top insider stock bought on venture today with almost 1% of the float. See TMX link below:

https://app.tmxmoney.com/research/insidertradesummaries?locale=EN

Insider Trade Summaries

Last Updated: November 8, 2017
Top 10 Stocks By Net Buys Volume

Symbol Company Name Insider Buys Volume Insider Sells Volume Net Buys Volume
SSA Spectra Inc. 500,000 0 500,000
MOX Morien Resources Corp. 206,500 0 206,500
PGZ Pan Global Resources Inc. 79,500 0 79,500
PFC PetroFrontier Corp. 74,000 0 74,000
IQ AirIQ Inc. 53,000 0 53,000
RKR Rokmaster Resources Corp. 50,000 0 50,000
EMO Emerita Resources Corp. 47,000 0 47,000
MTU Manitou Gold Inc. 44,000 0 44,000
FLY FLYHT Aerospace Solutions Ltd. 37,300 0 37,300
WTR Westcore Energy Ltd. 33,500 0 33,500
Top 10 Stocks By Net Buys Value

Symbol Company Name Insider Buys Value $ Insider Sells Value $ Net Buys Value $
MOX Morien Resources Corp. 128,030 0 128,030
FLY FLYHT Aerospace Solutions Ltd. 74,451 0 74,451
NVO Novo Resources Corp. 39,840 0 39,840
BCM Bear Creek Mining Corporation 26,720 0 26,720
PGZ Pan Global Resources Inc. 13,508 0 13,508
ORE Orezone Gold Corporation 13,000 0 13,000
SSA Spectra Inc. 12,500 0 12,500
RNP Royalty North Partners Ltd 11,844 0 11,844
IQ AirIQ Inc. 9,010 0 9,010
RUP Rupert Resources Ltd. 8,645 0 8,645
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser Jimjones1972: Reward | Watch | IgnoreSSA.V: Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add SSA.V
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.