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Overview
Surge Components Inc, NY (SPRS) is a world-class specialist in the field of capacitors and discrete semiconductors, with a longstanding reputation dating back to 1981. The company has established itself as an elite organization in the manufacturing and marketing domain, especially focusing on power management components and electronic devices. Emphasizing technical expertise and direct access to its product inventory, Surge Components caters to a diverse range of customers including engineers, designers, and industrial purchasers who require robust and reliable components.
Core Business and Operational Excellence
At its heart, Surge Components Inc is dedicated to the design, manufacturing, and distribution of high-quality capacitors and discrete semiconductors. The company generates revenue primarily through direct sales, leveraging its substantial inventory to meet the immediate needs of its customers. More than just a supplier, it offers in-depth technical support and guidance in new power management product design and development, enabling customers to innovate and optimize modern electronic systems.
Technical Expertise and Industry Support
One of the distinguishing features of Surge Components is its commitment to technical excellence. With a focus on research and advanced manufacturing techniques, the company supplies components that uphold rigorous standards of reliability and performance. Customers benefit from detailed technical support that covers product selection, integration, and troubleshooting. This approach ensures that even complex technical requirements are addressed, thus supporting the development of innovative electronic solutions.
Market Position and Competitive Landscape
Operating within the broader electronic components and power management industry, Surge Components holds a unique market position. Its direct access to an extensive inventory combined with tailored technical support sets it apart from competitors. This clear differentiation is especially significant in an industry where timely access to quality components and expert technical guidance can offer a decisive advantage. Although the company functions within a competitive landscape, its unwavering focus on quality and customer service contributes to a solid reputation among engineers and industry professionals.
Industry Significance and Customer Value Proposition
Surge Components plays a vital role in the electronics manufacturing sector by ensuring that high-performance capacitors and discrete semiconductors are readily available. The company’s offerings are critical in the development of power management solutions that are used across a broad range of applications, from industrial systems to consumer electronics. A priority on consistent quality and reliability means that customers can trust the components to perform under demanding conditions, which is an essential criterion in the fast-paced technology landscape.
Technical Guidance and Inventory Management
Leveraging decades of experience, Surge Components provides not only high-quality products but also valuable technical insights and support. This well-rounded approach covers everything from product selection to strategic planning for new designs. The company's ability to offer both robust technical support and direct inventory access simplifies the process for clients who need reliable and swiftly accessible components, ultimately aiding efficient product development cycles.
Business Model and Key Offerings
The business model of Surge Components Inc is characterized by a dual focus on supply chain efficiency and technical mentorship. The company maintains a comprehensive portfolio of electronic components, ensuring that clients have access to a wide range of capacitors and semiconductors that meet precise engineering specifications. Its operational approach is built on an internal culture of quality, leveraging advanced manufacturing practices and stringent quality controls, which together ensure that every component delivers the reliability required in high-performance applications.
Customer-Centric Approach and Future Application
At every stage, Surge Components demonstrates a profound commitment to addressing customer needs. This customer-centric philosophy manifests through proactive technical support and rapid access to inventory, which minimizes downtime in critical design and production environments. By focusing on the end-to-end needs of its customers—from initial project consultation to technical troubleshooting—the company reinforces its reputation as a trusted and essential partner in electronic component supply.
Summary
In summary, Surge Components Inc, NY stands as a distinguished entity in the capacitors and discrete semiconductors market. With a heritage dating back several decades, the company combines manufacturing expertise with a robust technical support structure to serve a diverse and demanding clientele. Its operations emphasize quality, reliability, and customer-focused service, making it a significant participant in the power management technology landscape. This detailed overview strives to provide a balanced and nuanced understanding of the company, reflecting both its technical prowess and its essential role in various industrial applications.
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.
Surge Components, Inc. (OTC Pink: SPRS) reported a strong Q2 performance, with net sales rising by
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