Spectra Inc (TSE:SSA) has released an update.
Spectra Products Inc. has reported a decline in revenue and net income before taxes for the first quarter of 2024, with revenues dropping 18% and net income decreasing by 53% compared to the same period last year. Despite this, the company maintains a strong cash reserve, with an increase of approximately $100,000 since the end of 2023. The company also announced the launch of Optimum Fleet Health, aiming to enhance its market position with this new addition to its wheel end safety product line.
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