In the Q3, Surge Components Inc 's corporate clients experienced a drop by -96.26 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -6.82 %. During the corresponding time, Surge Components Inc saw a revenue deteriorated by -1.79 % year on year, sequentially revenue grew by 7.78 %. While revenue at the Surge Components Inc 's corporate clients recorded rose by 24.03 % year on year, sequentially revenue grew by 0.83 %.
Customers of Surge Components Inc saw their costs of revenue drop by -96.26 % in Q3 compare to a year ago, sequentially costs of revenue were trimmed by -6.82 %, for the same period Surge Components Inc revnue deteriorated by -1.79 % year on year, sequentially revenue grew by 7.78 %.
Surge Components Inc's Comment on Sales, Marketing and Customers
Surge sells electronic components primarily through three of the top four global electronic component distributors and to subcontractors manufacturing for their customers. Its products are mainly manufactured in Asia by approximately sixteen independent manufacturers. Surge maintains a long-term supply agreement exclusively with Lelon Electronics, acting as its exclusive sales agent in North America.
Challenge, a division established in 1999, sells audible electronic components such as buzzers, speakers, microphones, resonators, alarms, chimes, filters, and discriminators. Challenge customizes and redesigns products with suppliers based on customer designs, supported by in-house engineers. It distributes products through independent representatives and local, regional, and national distributors to accounts across the United States. Challenge also brokers certain products to assist customers in sourcing parts unavailable from regular suppliers.
Both Surge and Challenge operate within the electronics and semiconductor industries and face intense price competition. The U.S. electronics distribution industry includes manufacturers and distributors at various levels—national, international, regional, and local—marketing active components, passive components, electromechanical parts, interconnects, and computer products. Surge’s primary focus is on capacitors.
Surge Components Inc’s Comment on Sales, Marketing and Customers
Surge sells electronic components primarily through three of the top four global electronic component distributors and to subcontractors manufacturing for their customers. Its products are mainly manufactured in Asia by approximately sixteen independent manufacturers. Surge maintains a long-term supply agreement exclusively with Lelon Electronics, acting as its exclusive sales agent in North America.
Challenge, a division established in 1999, sells audible electronic components such as buzzers, speakers, microphones, resonators, alarms, chimes, filters, and discriminators. Challenge customizes and redesigns products with suppliers based on customer designs, supported by in-house engineers. It distributes products through independent representatives and local, regional, and national distributors to accounts across the United States. Challenge also brokers certain products to assist customers in sourcing parts unavailable from regular suppliers.
Both Surge and Challenge operate within the electronics and semiconductor industries and face intense price competition. The U.S. electronics distribution industry includes manufacturers and distributors at various levels—national, international, regional, and local—marketing active components, passive components, electromechanical parts, interconnects, and computer products. Surge’s primary focus is on capacitors.
Sources:
Surge Components Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Surge Components Inc’s corporate clients.
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