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Surge Components Inc   (SPRS)
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Surge Components Inc

SPRS's Financial Statements and Analysis



Surge Components Inc reported in the third quarter of 2023 net earnings per share of $0.02 a decrease by -90.91 % year on year from $0.22 and decline of -77.78 % from $0.09 earned in II. Quarter (May 31 2023).


third quarter of 2023
Earnings Per Share Revenues
$ 0.02 $  8 Mill
$-0.20     -90.91 % $-6M     -40.56 %



Surge Components Inc 's Revenue fell by -40.56 % in third quarter of 2023 (Aug 31 2023) year on year, to $8 million and declined by -18.66 % sequentially.


Surge Components Inc is

More on SPRS's Income Statement



Surge Components Inc 's net income of $0.133 million in the third quarter of 2023 decreased by -89.21 % from net earnings of $1.235 million achieved in III. Quarter a year ago.

Sequentially net earnings fell by -74.58 % from net income of $0.524 million realized in previous quarter.

More on SPRS's Growth

Surge Components Inc Inventories
Inventories declined by -19.22 % to $5.64 million from III. Quarter a year ago, sequentially inventories fell by -1.88 %. In Aug 31 2023 company's net cash and cash equivalents decreased by $-3 million


Surge Components Inc does not pay out common stock dividend.

In trailing twelve-month period Surge Components Inc earned $ 0.39 cash per share, on a free-cash flow basis 112.34 % of net earning per share.

Book value grew by 0.52 % sequentially to $3.23 per share, 102.29% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 3.23 per share from $ 3.22.

Company issued 0.01 million shares or 0.21 % in Aug 31 2023.
Interest Coverage Ratio was 144962.37.

More on SPRS's Dividends

 Market Capitalization (Millions) 16
 Shares Outstanding (Millions) 6
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 39
 Net Income (TTM) (Millions $) 2
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 38




Surge Components Inc does not pay out common stock dividend.

In trailing twelve-month period Surge Components Inc had $ 0.39 cash flow per share, on a free-cash flow basis 112.34 % of net earning per share.

Book value grew by 0.52 % sequentially to $3.23 per share, 102.29% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 3.23 per share from $ 3.22.

Company issued 0.01 million shares or 0.21 % in Aug 31 2023.
Interest Coverage Ratio was 144962.37.

More on SPRS's Balance Sheets

 Market Capitalization (Millions) 16
 Shares Outstanding (Millions) 6
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 39
 Net Income (TTM) (Millions $) 2
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 38
   


  News about Surge Components Inc Earnings

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 ...

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...

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

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Date modified: 2023-10-17T16:23:08+00:00





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