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Surge Components Inc (SPRS) delivers essential electronic components and technical expertise for power management systems worldwide. This news hub provides investors and industry professionals with verified updates about the company's strategic developments, financial performance, and market position.
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Surge Components (OTC Pink: SPRS) reported Q1 2025 financial results with net sales of $7.2 million, up 2.5% from $7.1 million in Q1 2024. The company achieved a net income of $57,356 ($0.01 per share), compared to a net loss of $72,001 in the prior year period.
Gross profit remained stable at $2.0 million, with a margin of 28.3% compared to 29.0% in Q1 2024. Operating expenses decreased, with selling and shipping expenses down 2.8% to $653,367 and general administrative expenses reduced by 4.0% to $1.4 million.
The company faces challenges from global tariffs but is implementing mitigation strategies including expanding distribution channels, hiring new sales talent, and working with manufacturing partners to establish production facilities outside China. Surge continues to pass tariff costs to customers and maintains focus on new customer acquisition and existing client expansion.
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.
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.
Surge Components, Inc. (OTC Pink: SPRS) reported its financial results for the first quarter ending
Surge Components reported a record net sales of
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.
