Reported Earnings • May 14
First quarter 2026 earnings released: EPS: CA$0.002 (vs CA$0.004 in 1Q 2025) First quarter 2026 results: EPS: CA$0.002 (down from CA$0.004 in 1Q 2025). Revenue: CA$397.5k (down 18% from 1Q 2025). Net income: CA$20.1k (down 66% from 1Q 2025). Profit margin: 5.1% (down from 12% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • May 04
Spectra Products Inc., Annual General Meeting, Jun 29, 2026 Spectra Products Inc., Annual General Meeting, Jun 29, 2026. Location: alberta, calgary Canada Reported Earnings • Apr 09
Full year 2025 earnings released: EPS: CA$0.004 (vs CA$0.011 in FY 2024) Full year 2025 results: EPS: CA$0.004 (down from CA$0.011 in FY 2024). Revenue: CA$1.68m (up 1.2% from FY 2024). Net income: CA$48.0k (down 70% from FY 2024). Profit margin: 2.9% (down from 9.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 06
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to CA$0.15. The fair value is estimated to be CA$0.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 8.4%. Reported Earnings • Oct 29
Third quarter 2025 earnings released: EPS: CA$0.002 (vs CA$0.002 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.002 (in line with 3Q 2024). Revenue: CA$444.8k (up 23% from 3Q 2024). Net income: CA$27.0k (up 1.5% from 3Q 2024). Profit margin: 6.1% (down from 7.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Aug 19
Second quarter 2025 earnings released: CA$0.003 loss per share (vs CA$0.002 profit in 2Q 2024) Second quarter 2025 results: CA$0.003 loss per share (down from CA$0.002 profit in 2Q 2024). Revenue: CA$387.8k (down 11% from 2Q 2024). Net loss: CA$40.9k (down 218% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jun 27
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at CA$0.18. The fair value is estimated to be CA$0.23, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.0% over the last 3 years, while earnings per share has been flat. New Risk • May 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.5% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (CA$2.73m market cap, or US$1.97m). Minor Risks Profit margins are more than 30% lower than last year (9.5% net profit margin). Revenue is less than US$5m (CA$1.7m revenue, or US$1.2m). Announcement • May 01
Spectra Products Inc., Annual General Meeting, Jun 19, 2025 Spectra Products Inc., Annual General Meeting, Jun 19, 2025. Location: alberta, calgary Canada Announcement • Apr 15
Spectra Products Inc. Appoints Paul Andreola as an Independent Director, Effective April 14, 2025 Spectra Products Inc. announced the appointment of Paul Andreola as an independent director of the Company, subject to regulatory consent. Paul's appointment is effective April 14, 2025 and expands the Board to four directors. Paul Andreola has over 25 years of business development and capital markets experience, raising in excess of $200 million in startup and growth capital. Paul was the co-founder of two technology companies and helped bring many companies public. He is the CEO of NameSilo Technologies and currently serves on the board of Atlas Engineered Products, Total Telcom and Departure Bay Capital. Paul also serves on the board of directors for West Coast Kids Cancer Foundation. Announcement • Feb 17
Spectra Products Inc., Annual General Meeting, Apr 15, 2025 Spectra Products Inc., Annual General Meeting, Apr 15, 2025. Location: alberta, calgary Canada Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: CA$0.002 (vs CA$0.006 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.002 (down from CA$0.006 in 3Q 2023). Revenue: CA$362.5k (down 31% from 3Q 2023). Net income: CA$26.6k (down 67% from 3Q 2023). Profit margin: 7.3% (down from 15% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Sep 27
Now 23% undervalued Over the last 90 days, the stock has risen 5.0% to CA$0.21. The fair value is estimated to be CA$0.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 9.6%. Reported Earnings • Aug 23
Second quarter 2024 earnings released: EPS: CA$0.002 (vs CA$0.008 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.002 (down from CA$0.008 in 2Q 2023). Revenue: CA$435.3k (down 34% from 2Q 2023). Net income: CA$34.6k (down 71% from 2Q 2023). Profit margin: 7.9% (down from 18% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CA$0.003 (vs CA$0.006 in 1Q 2023) First quarter 2024 results: EPS: CA$0.003 (down from CA$0.006 in 1Q 2023). Revenue: CA$437.6k (down 18% from 1Q 2023). Net income: CA$42.5k (down 47% from 1Q 2023). Profit margin: 9.7% (down from 15% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 15
Now 23% overvalued Over the last 90 days, the stock has fallen 2.3% to CA$0.21. The fair value is estimated to be CA$0.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has declined by 42%. Announcement • Jan 19
Spectra Products Inc., Annual General Meeting, Mar 19, 2024 Spectra Products Inc., Annual General Meeting, Mar 19, 2024. Reported Earnings • Nov 24
Third quarter 2023 earnings released: EPS: CA$0.006 (vs CA$0.006 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.006 (in line with 3Q 2022). Revenue: CA$521.8k (up 13% from 3Q 2022). Net income: CA$80.1k (down 7.3% from 3Q 2022). Profit margin: 15% (down from 19% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Oct 14
Spectra Products Inc. Announces Appointment of John Dynes as New Director Spectra Products Inc. announced the appointment of John Dynes as an independent director of the Company, subject to regulatory consent. John's appointment is effective immediately and expands the Board to four directors. Mr. Dynes has two decades of experience in capital markets and consulting. Mr. Dynes is currently the president of Stone Road Advisory, and also works with Cascadia Strategy Consulting Partners and Cascadia Equity Partners. Previously, Mr. Dynes was a portfolio manager at JC Clark, a Toronto-based investment management firm. Mr. Dynes currently sits on the board of governors for Centennial College and the board of directors for Spark Centre. Mr. Dynes is a CFA and CMT charterholder, and has completed the Rotman directors education program at the Institute of Corporate Directors. Reported Earnings • Aug 24
Second quarter 2023 earnings released: EPS: CA$0.008 (vs CA$0.003 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.008 (up from CA$0.003 in 2Q 2022). Revenue: CA$655.3k (up 96% from 2Q 2022). Net income: CA$118.0k (up 158% from 2Q 2022). Profit margin: 18% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • May 26
First quarter 2023 earnings released: EPS: CA$0.006 (vs CA$0.002 in 1Q 2022) First quarter 2023 results: EPS: CA$0.006 (up from CA$0.002 in 1Q 2022). Revenue: CA$533.6k (up 50% from 1Q 2022). Net income: CA$80.7k (up 152% from 1Q 2022). Profit margin: 15% (up from 9.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 21
Full year 2022 earnings released: EPS: CA$0.006 (vs CA$0.017 in FY 2021) Full year 2022 results: EPS: CA$0.006 (down from CA$0.017 in FY 2021). Revenue: CA$1.65m (down 2.3% from FY 2021). Net income: CA$90.1k (down 66% from FY 2021). Profit margin: 5.5% (down from 16% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Dec 31
Spectra Products Inc. Announces CFO Changes Spectra Products Inc. has appointed a new chief financial officer, Ankit Bhandari, CPA, CA, effective January 1, 2023, replacing Glen Campbell, who is retiring after serving as chief financial officer for over 12 years. Spectra Products would like to thank Mr. Campbell for his years of service to the company. Ankit Bhandari is a Chartered Professional Accountant with a Bachelor of Business Administration from the Schulich School of Business at York University. He brings more than a decade of experience and expertise in areas of financial analysis, reporting and implementing cost-saving and efficiency measures to improve profitability. He most recently served as CFO for another company listed on the TSX-V exchange and has in-depth expertise with IFRS having worked in public practice on various public issuers over his career. Announcement • Dec 17
Spectra Products Inc., Annual General Meeting, Feb 15, 2023 Spectra Products Inc., Annual General Meeting, Feb 15, 2023. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: CA$0.001 (vs CA$0.006 in 3Q 2021) Third quarter 2022 results: EPS: CA$0.001 (down from CA$0.006 in 3Q 2021). Revenue: CA$462.0k (up 9.5% from 3Q 2021). Net income: CA$86.4k (down 4.6% from 3Q 2021). Profit margin: 19% (down from 22% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Buying Opportunity • Oct 20
Now 29% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be CA$0.042, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 37%. Buying Opportunity • Sep 29
Now 25% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CA$0.047, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 37%. Buying Opportunity • Aug 30
Now 24% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CA$0.046, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 37%. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CA$0.001 (vs CA$0.001 in 2Q 2021) Second quarter 2022 results: EPS: CA$0.001 (vs CA$0.001 in 2Q 2021). Revenue: CA$334.0k (down 15% from 2Q 2021). Net income: CA$45.7k (down 44% from 2Q 2021). Profit margin: 14% (down from 21% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Jul 05
Spectra Products Inc. Announces Board Changes Spectra Products Inc. reported the resignation of Giacomo Grassi and Kevin Haney as directors effective July 1, 2022. Mr. Grassi and Mr. Haney have resigned for personal reasons. The company announced the appointment of two new independent directors to its Board of Directors of the Corporation subject to regulatory consent. Robert Moran and Aidan Bolger both have extensive experience in the transportation industry over the past 40 years. Aidan Bolger started his transportation career in Toronto in the truck rental and leasing business and has over forty plus years’ experience in ownership and senior executive positions. This experience covers truck transportation leasing as well as the Intermodal industry in North America at the OEM and retail levels. Mr. Bolger brings a unique set of transportation and management skills to Spectra Products Inc.'s Board of Directors. Robert Moran is a serial entrepreneur with over forty-five years of experience in High Technology, and business start-ups. A strategic thinker, his strengths include ground-up business planning and product market positioning. He has served on the board of numerous medium to large scale companies and has founded and managed the success of five pre-investment start-ups primarily in the High-Tech sector. Reported Earnings • May 13
First quarter 2022 earnings released First quarter 2022 results: Revenue: CA$356.6k (down 27% from 1Q 2021). Net income: CA$32.0k (down 45% from 1Q 2021). Profit margin: 9.0% (down from 12% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: CA$0.003 (vs CA$0.005 in FY 2020) Full year 2021 results: EPS: CA$0.003 (down from CA$0.005 in FY 2020). Revenue: CA$1.69m (up 6.2% from FY 2020). Net income: CA$262.5k (down 26% from FY 2020). Profit margin: 16% (down from 22% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CA$0.001 (vs CA$0.001 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: CA$421.8k (up 23% from 3Q 2020). Net income: CA$90.6k (up 1.1% from 3Q 2020). Profit margin: 22% (down from 26% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • May 18
First quarter 2021 earnings released: EPS CA$0.001 (vs CA$0.002 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: CA$489.7k (down 8.6% from 1Q 2020). Net income: CA$57.8k (down 55% from 1Q 2020). Profit margin: 12% (down from 24% in 1Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 29
Full year 2020 earnings released: EPS CA$0.005 (vs CA$0.011 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CA$1.59m (down 22% from FY 2019). Net income: CA$355.5k (down 53% from FY 2019). Profit margin: 22% (down from 37% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 17
Third quarter earnings released Over the last 12 months the company has reported total profits of CA$711.5k, up 84% from the prior year. Total revenue was CA$1.57m over the last 12 months, down 25% from the prior year.