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Surge Components Inc N Y - SPRS STOCK NEWS

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Surge Components Inc. (SPRS) is a prominent player in the electronics manufacturing and distribution industry, specializing in the design, production, and supply of capacitors and discrete semiconductors. Established in 1981, the company has carved a niche as a reliable partner for businesses requiring high-quality electronic components for applications in diverse sectors, including consumer electronics, automotive, industrial equipment, and telecommunications.

Core Business Areas

Surge Components focuses on two primary product categories: capacitors, which are essential for energy storage and voltage regulation in electronic circuits, and discrete semiconductors, which include diodes, transistors, and other components critical for power management and signal processing. By offering a comprehensive product portfolio, the company addresses the needs of OEMs (Original Equipment Manufacturers), contract manufacturers, and design engineers seeking reliable and efficient electronic solutions.

Value Proposition

What sets Surge Components apart is its commitment to providing not only high-quality products but also in-depth technical support and design consultation. This dual focus enables the company to act as a strategic partner for its clients, assisting in the development of new power management solutions and ensuring seamless integration of its components into end products. Additionally, Surge offers direct access to its product inventory, a critical advantage in industries where production timelines are tight and supply chain reliability is paramount.

Industry Context and Competitive Positioning

Operating within the highly competitive electronics industry, Surge Components faces challenges such as rapid technological advancements, cost pressures, and the need for compliance with stringent industry standards. However, the company differentiates itself through its agile operations, robust technical support, and extensive product expertise. By maintaining strong relationships with its clients and consistently delivering value-added services, Surge has established itself as a trusted name in the market.

Operational Excellence

Surge Components' operational model emphasizes efficiency and customer-centricity. The company manages a streamlined supply chain to ensure timely delivery of products while adhering to rigorous quality standards. Its technical team works closely with clients to address specific design challenges, further solidifying its role as a partner rather than just a supplier.

Significance in the Electronics Industry

Surge Components' specialization in capacitors and discrete semiconductors positions it as a critical enabler of innovation across multiple industries. From powering consumer gadgets to supporting advanced automotive systems, the company's components play a foundational role in modern technology. Its ability to adapt to evolving market demands and provide tailored solutions underscores its importance in the global electronics ecosystem.

In summary, Surge Components Inc. combines technical expertise, product reliability, and customer-focused services to deliver comprehensive solutions in the electronics industry. Its strategic approach to manufacturing and distribution makes it a valuable partner for businesses seeking to innovate and excel in their respective markets.

Rhea-AI Summary

Surge Components, Inc. (OTC Pink: SPRS) announced strong financial results for Q3 2024. Net sales reached $8.0 million, up 9% from Q2. Gross profit grew to $2.5 million with a margin of 31.2%, the highest in FY2024. Net income available to common shareholders increased 123% quarter-over-quarter to $441,852, with earnings per share of $0.08.

The company maintained superior lead times and stable production, positioning itself well for an industry rebound. However, challenges persist, including elevated customer inventory levels and potential tariff increases on Chinese imports. Surge continues to focus on new product introductions and customer acquisition to navigate the uncertain environment.

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Surge Components (OTC Pink: SPRS) reported Q2 2024 financial results, showing resilience amid challenging market conditions. Net sales reached $7.3 million, up 4% from Q1, with positive net income of $197,940 and EPS of $0.03. While these figures represent a decrease from the prior-year period, the company maintained gross margins above 28% for the first half of 2024.

Surge continues to invest in growth, hiring new sales talent in Europe and Asia. The company is positioning itself to capitalize on an expected industry rebound, maintaining superior lead times and focusing on customized product designs. Management anticipates industry challenges to persist through 2024, with a potential turnaround beginning in late 2024 or early 2025.

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Surge Components, Inc. reported solid Q1 results with net sales of $7.1 million, a gross margin of 29.0%, and reduced liabilities. Despite a net loss and lower sales compared to the prior year, the company remains focused on operational efficiencies and investing in growth assets.
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Surge Components, Inc. (SPRS) reported solid net sales of $36.2 million for fiscal year 2023, with reduced debt and a stronger balance sheet. Despite a decline in market conditions, the company remained profitable through operating leverage and efficiencies. Surge is well-positioned to capitalize on industry rebound with new growth assets.
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Surge Components, Inc. reports strong Q3 net sales of $8.9 million and steady gross profit margin of 25.9% year-over-year. The company is investing in growth assets and maintains lead times and stable production. Despite the challenging environment, Surge remains profitable and confident in its prospects for the future.
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Surge Components, Inc. (OTC Pink: SPRS) reported its financial results for the first quarter ending February 28, 2023. The company achieved $9.2 million in net sales, a decline of 12.6% compared to $10.5 million a year earlier. Net income was $392,660, translating to an EPS of $0.07, down from $669,253 and $0.12 respectively in the prior-year period. However, gross profit margins improved to 28.8%, up 60 basis points from 28.2% despite a gross profit decrease to $2.6 million. The company cited a tough macroeconomic environment affecting customer orders and highlighted its operational management as a driver for cashflow generation. Surge also noted growing interest in its offerings in Asian and European markets, leveraging the reopening of China.

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Surge Components reported a record net sales of $51.9 million for the fiscal year ended November 30, 2022, reflecting a 30.3% year-over-year increase. This growth was complemented by a gross profit rise of 31.5% to $14.3 million and a net income increase of 49% to $3.7 million, leading to a diluted EPS of $0.65. The company's operational highlights include significant demand growth across divisions and successful market expansion in Europe and Asia. Surge emphasized its commitment to enhancing stakeholder value while navigating challenges posed by the global economy.

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Surge Components, Inc. (OTC Pink: SPRS) reported a strong Q3 2022, achieving net sales of $14.0 million, a 31.3% increase from the prior year. Their gross profit rose 17.6% to $3.6 million, with a gross margin of 26%. The net income for this quarter was $1,232,923 or $0.22 per share, up from $878,740 or $0.15 per share in Q3 2021. Despite a positive sales outlook, the company acknowledged potential impacts from a global economic slowdown and rising operational costs.

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Surge Components, Inc. (OTC Pink: SPRS) reported a strong Q2 performance, with net sales rising by $15.9 million, a 65.8% increase year-over-year. The gross profit reached $4.4 million, marking a 70.9% growth, resulting in a gross profit margin of 27.5%. Net income available to common shareholders totaled $862,411, translating to an EPS of $0.15, up from $704,108 and $0.12 in the prior year. Management acknowledges ongoing supply chain challenges but remains confident in meeting customer demand and enhancing profitability.

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FAQ

What is the current stock price of Surge Components N Y (SPRS)?

The current stock price of Surge Components N Y (SPRS) is $2.38 as of March 6, 2025.

What is the market cap of Surge Components N Y (SPRS)?

The market cap of Surge Components N Y (SPRS) is approximately 12.6M.

What does Surge Components Inc specialize in?

Surge Components specializes in the design, production, and distribution of capacitors and discrete semiconductors, serving industries like electronics, automotive, and telecommunications.

How does Surge Components generate revenue?

The company generates revenue through the manufacturing and distribution of electronic components, complemented by technical support and design consultation services.

What industries does Surge Components serve?

Surge Components serves diverse industries, including consumer electronics, automotive, industrial equipment, and telecommunications, by providing essential electronic components.

What differentiates Surge Components from its competitors?

Surge Components stands out through its combination of high-quality products, in-depth technical support, and direct access to inventory, ensuring reliability and customer satisfaction.

What role do capacitors and discrete semiconductors play in electronics?

Capacitors store energy and regulate voltage, while discrete semiconductors manage power and signal processing, making them critical for modern electronic systems.

What is Surge Components' value proposition?

Surge Components offers a dual value proposition: high-quality electronic components and technical support, making it a strategic partner for product development and innovation.

How does Surge Components support its clients?

The company provides in-depth technical guidance, design consultation, and reliable access to product inventory, ensuring seamless integration of its components into client projects.

What challenges does Surge Components face in its industry?

Challenges include rapid technological advancements, cost pressures, and maintaining compliance with industry standards while staying competitive in the global market.
Surge Components Inc N Y

OTC:SPRS

SPRS Rankings

SPRS Stock Data

12.56M
2.96M
46.85%
Electronics & Computer Distribution
Technology
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United States
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