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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.
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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