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An update from Spectra ( (TSE:SSA) ) is now available.
Spectra Products Inc. reported a decrease in annual revenue for 2024 compared to 2023, with figures dropping from $2,076,927 to $1,656,822. Despite this, the company maintained operational profitability, increasing cash reserves by over $150,000. Fourth-quarter results showed a revenue increase from $366,217 in 2023 to $421,466 in 2024, and a significant rise in net income before taxes from $8,622 to $73,337. CEO Andrew Malion highlighted the strong fourth-quarter sales as a positive indicator for 2025.
More about Spectra
Spectra Products Inc. is a Toronto-based company specializing in the design, manufacturing, and distribution of wheel end safety products for the transportation industry. Their product lineup includes Brake Safe, Zafety Lug Lock, Hub Alert, the Termin-8R line of anti-corrosion and extreme pressure lubricants, and Optimum Fleet Health, an AI-driven vehicle maintenance software.
YTD Price Performance: -2.44%
Average Trading Volume: 37,091
Technical Sentiment Signal: Buy
Current Market Cap: C$2.73M
Learn more about SSA stock on TipRanks’ Stock Analysis page.