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Surge Components Inc   (SPRS)
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Price: $2.8000 $0.07 2.564%
Day's High: $2.8 Week Perf: -3.45 %
Day's Low: $ 2.71 30 Day Perf: 2.56 %
Volume (M): 3 52 Wk High: $ 3.60
Volume (M$): $ 7 52 Wk Avg: $3.03
Open: $2.80 52 Wk Low: $1.52



 Market Capitalization (Millions $) 16
 Shares Outstanding (Millions) 6
 Employees 38
 Revenues (TTM) (Millions $) 39
 Net Income (TTM) (Millions $) 2
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 0

Surge Components Inc

We are a supplier of electronic products and components. These products include capacitors, which are electrical energy storage devices, and discrete components, such as semiconductor rectifiers, transistors and diodes, which are single function low power semiconductor products that are packaged alone as compared to integrated circuits such as microprocessors. The products that we sell are typically utilized in the electronic circuitry of diverse products, including, but not limited to, automobiles, telecomm, audio, cellular telephones, computers, consumer electronics, garage door openers, household appliances, power supplies and security equipment. The products that we sell are sold to both original equipment manufacturers, commonly referred to as OEMs, who incorporate them into their products, and to distributors of the lines of products we sell, who resell these products within their customer base. Surge sells its products through three of the top four distributors for electronic components in the world and also supplies its products to subcontractors who manufacture for their customers. These channels open doors to Surge at customers which Surge may not have access to otherwise. The products that we sell are manufactured predominantly in Asia by approximately sixteen independent manufacturers. We only have one binding long-term supply agreement with one of our manufacturers, Lelon Electronics. We have an agreement to act as the exclusive sales agent utilizing independent sales representative organizations in North America to sell and market the products for one of such manufacturers, Lelon Electronics. When we act as a sales agent, we receive a commission from our supplier who sold the product to the customer that we introduced to our supplier.

The United States electronics distribution industry is composed of manufacturers, national and international distributors, as well as regional and local distributors. Electronics distributors market numerous products, including active components (such as transistors, microprocessors, integrated circuits and semiconductors), passive components (such as capacitors and audibles), and electro mechanical, interconnect (such as connectors and wire) and computer products. Surge focuses its efforts on the sale of capacitors, discrete components, and audible products.

The electronics industry has been characterized by intense price cutting and rapid technological changes and development, which could materially adversely affect our future operating results. In addition, the industry has been affected historically by periodic economic downturns, which have had an adverse economic effect upon manufacturers and end-users of the products that we sell, as well as distributors. Furthermore, the life-cycle of existing electronic products and the timing of new product development and introduction can affect the demand for electronic components, including the products that we sell. Accordingly, any downturn in the electronics industry in general could adversely affect our business and results of operations. Due to rising transportation and employment costs in Asia, we have seen some U.S. manufacturers start moving their manufacturing facilities to Mexico to reduce transportation costs and bring manufacturing much closer to home. At this time, however, none of our customers has moved its manufacturing facilities to Mexico.

A capacitor is an electrical energy storage device used in the electronics industry for varied applications, principally as elements of resonant circuits, coupling and bypass applications, blockage of DC current, frequency determining and timing elements, filters and delay-line components. All products are available in traditional leaded as well as surface mount (chip) packages. The product line of capacitors we sell includes:

Aluminum Electrolytic Capacitors- These capacitors, which are Surge’s principal product, are storage devices used in power applications to store and release energy as the electronic circuitry demands. They are commonly used in power supplies and can be found in a wide range of consumer electronics products. Our supplier has one of the largest facilities for these products in Taiwan and China. These facilities are fully certified for the International Quality Standard ISO 9001 and QS9000, and TS16949, which means that they meet the strictest requirements established by the automotive industry and adopted throughout the world to ensure that the facility’s manufacturing processes, equipment and associated quality control systems will satisfy specific customer requirements. This system is also intended and designed to facilitate clear and thorough record keeping of all quality control and testing information and to ensure clear communication from one department to another about the information (i.e., quality control, production or engineering). This certification permits us to monitor quality control/manufacturing process information and to respond to any customer questions.

Ceramic Capacitors- These capacitors are the least expensive, and are widely used in the electronics industry. They are commonly used to bypass or filter semiconductors in resonant circuits and are found predominantly in a wide range of low cost products including computer, telecom, appliances, games and toys.

Mylar Film Capacitors- These capacitors are frequently used for noise suppression and filtering. They are commonly used in telecommunication and computer products. Surge’s suppliers in China have facilities fully certified for all of the above mentioned quality certifications.



   Company Address: 95 East Jefryn Boulevard Deer Park 11729 NY
   Company Phone Number: 595-1818   Stock Exchange / Ticker: SPRS
   


Customers Net Income grew by SPRS's Customers Net Profit Margin fell to

29 %

-213.1 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
TAIT   -2.8%    
AOSL   -8.53%    
CAAS        3.03% 
DIOD   -7.67%    
ON   -10.62%    
POWI   -5.69%    
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Surge Components Inc

Electronic Parts & Equipment company suffers massive -90.91% income drop in Q3 of 2023



Surge Components Inc has experienced a decline in stock performance over the past five trading days, contributing to a year-to-date gain of 1.69%. However, an analysis of the company's financial results for the period closing August 31, 2023 reveals several concerning factors that may impact its future. With a sharp decrease in income, revenues, and margins, as well as a decline in inventories and accounts receivable, the company faces challenges that need to be addressed.
1. Revenues and Profitability:
During the financial period ending August 31, 2023, Surge Components Inc witnessed a significant decline in revenue by 40.556%, reaching $8.30 million compared to $13.96 million in the same period the previous year. Sequentially, revenue also dropped by 18.66% from $10.20 million.

Surge Components Inc

Surge Components Inc Plunges into Financial Vortex: Q2 2023 EPS Drops by a Staggering 40%

Investors Concerned as Surge Components Inc Reports Drop in Profits for Q2 2023
In a concerning announcement today, Surge Components Inc, the renowned electronics manufacturer, revealed a significant drop in net profit per share for the second quarter of 2023. The company's profit per share plummeted by 40% to $0.09 per share, compared to $0.15 during the same period last year. However, despite this setback, profits did see a growth of 28.57% from the prior financial reporting period, where the profit per share was $0.07.
In terms of revenue, Surge Components Inc experienced a sharp decline of 35.866% to $10.20 million, in contrast to $15.90 million in the second quarter of the previous year. However, it is worth noting that sequential revenue did advance by 10.96% from $9.19 million. Moreover, net profits in the second quarter of 2023 amounted to $0.524 million, suffering a notable decline of 39.21% from a break-even in the corresponding period a year before.

Surge Components Inc

Confronting the adversities, the SPRS over the December to February 28 2023 time-frame

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Surge Components Inc's Segments
 
 
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