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Forum - Mining and Commodities Eh! (Spectra Inc - SSA.V)    All things commodities, with a Canadian Junior Miner focus.

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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 04/25/2018 14:21
Forum: Mining and Commodities Eh! - Msg #6145 - List SSA.V msgs Thread #673963007 (Rec: 0)
SSA.V - Spectra Inc. Q1 2018 Results (Financials + MD&A) Ending March 31st 2018.

Current Stock Price: $0.035
Common Shares: 60,509,971
Insider Holdings: 6,855,591 or 11.3%
Institutional Holdings: 18,133,000 or 30% - DVOF Debenture Holder

Financials

ASSETS
Cash: $166,650
Accounts Receivable: $318,559
Inventories: $194,230
Prepaid Expenses: $4,737
Total Assets: $684,176

LIABILITIES
Accounts Payable: $184,993
Royalty Debenture: $632,665 – Due In 2020
Preferred Shares: $562,775
Total Liabilities: $1,380,434

Q1 2018 Results
Revenue: $572,009
Gross Profit: $334,385
G&A Expense: $184,609
Net Income: $149,776

Prior Years
2014 – Total Sales: $1.44M – Net Income - $45K
2015 – Total Sales: $1.82M – Net Income - $189K
2016 – Total Sales: $1.55M – Net Income - $152K
2017 – Total Sales: $1.78M – Net Income - $223K
2018 – Total Sales: $572K – Net Income - $150K

Cost reductions and increased sales due to new contracts have made the first quarter of 2018 very strong and should continue. Over a dozen profitable quarters in a row means the cost structure is consistent and stable.

MD&A Highlights

Revenue for the three months ended March 31, 2018 increased by 30 percent to $572,009 compared to revenue of $438,733 for the three-month period ended March 31, 2017.

Brake Safe® had sales of $227,738 in 2018, compared to $165,635 in 2017; Brake Inspector® had sales of $5,565 in 2018, compared to $15,053 in 2017; Termin-8r® sales increased by $39,794 from $157,766 in the 2017 period to $197,560 in 2018; Zafety Lug Lock® had sales in 2018 of $51,355 compared to $50,327 in 2017 and Hub Alert® had 2018 sales of $25,200 compared to $10,755 in 2017.

Gross profit increased by 31% for the three months ended March 31, 2018 to $334,385 or 58 percent of revenue from a comparable $254,713 or 58 percent of revenue for the three months ended March 31, 2017.

For the quarter ended March 31, 2018, finance costs were $18,984, $11,584 higher than the comparable costs of $7,400 for the quarter ended March 31, 2017.

The net income for the three months ended March 31, 2018 was $149,776 or $0.00 per share basic and fully diluted compared to net income of $54,906 or $0.00 per share basic and fully diluted for the three months ended March 31, 2017.

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 as seeking out new products to compliment our other offerings.

The Company’s Brake Safe® product is well established in the Canadian market and inroads are now being made into the lucrative American market. With the implementation of its new, aggressive, safety enforcement and monitoring program, CSA (Compliance, Safety, Accountability), the Federal Motor Carrier Safety Administration is bringing the focus onto unsafe Carriers and unsafe Drivers in the US transportation industry. A significant increase in roadside enforcement, citations and fines for all driver and vehicle violations will impact positively on the sales growth of Brake Safe® products. A program has been developed to educate companies of these enforcement changes and the resulting increased intervention by regulatory agencies in order to capitalize on sales opportunities for Brake Safe

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 and made for a major supplier to the commercial transport industry, is proving to be a strong performer with 2018 private label sales, by dollar amount, now being 83% of total Termin-8R® product sales and 29% more than that of the previous year. The company believes that developing new private label arrangements will be a key to the ongoing growth in the sales of this product.

The Company will continue to form strategic distribution alliances to accelerate its sales outside the Canadian marketplace. The Company may seek sufficient additional funds to provide working capital, inventory and capital equipment as needs arise, but at the moment, cash flow from operations is sufficient to support current needs.



Reply to Jimjones1972 - Msg #6144 - 04/25/2018 13:06

Spectra Inc. Reports First Quarter 2018 Results

For Immediate Release – April 25, 2018

Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its
financial results for the three-month period ending March 31, 2018. Revenues for the
three-month period ending March 31, 2018 were $572,009 compared to $438,733 for the
same period in 2017.

Net income was $149,776 during the three-month period ending March 31, 2018
compared to $54,906 for the same period in 2017.

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 LoggerÒ 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 AlertÒ, 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
E-Mail: glen@spectraproducts.ca
Website: www.spectrainc.ca
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