SPRS
Surge Components, Inc.3.2500
+0.0900+2.85%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
18.55MP/E (TTM)
21.67Basic EPS (TTM)
0.15Dividend Yield
0%Recent Filings
10-K
FY2025 results
Surge Components drove FY2025 net sales to $36.3M, up 16.4% y/y from $31.2M, with gross profit climbing 17.4% to $10.5M at a steady 28.8% margin thanks to higher-margin customer mix. Backlog swelled to $12.0M from $9.4M, signaling solid demand momentum into year-end. Operating expenses rose on sales commissions and stock-based comp, yet net income hit $1.1M versus $0.8M prior year. Cash sits at $5.3M with $20.8M working capital; no debt. Inventory steady at $5.1M. Lelon dependency persists. Customer concentration risks quarterly flows.
8-K
Annual meeting results reported
Surge Components held its 2025 Annual Meeting on November 25, electing Ira Levy and Steven J. Lubman with strong support (3.0M FOR votes each), while the other four directors drew minor WITHHOLDs. Shareholders ratified Seligson & Giannattasio as auditors (4.2M FOR). They extended the rights plan despite 401k AGAINST votes. Board locked in.
10-Q
Q3 FY2025 results
Surge Components posted solid Q3 FY2025 results, with net sales climbing 28.9% year-over-year to $10.3M and 18.1% year-to-date to $26.4M, fueled by new and existing customers plus distribution channels. Gross margins dipped to 27.7% from 31.2% amid lower-margin sales, yet operating income rose 23.1% to $658.8K on higher volumes. Diluted EPS held steady at $0.08, aligning with 5.82M weighted shares. Cash stood at $4.3M with $8.7M in marketable securities and no debt on its $3M line; free cash flow wasn't disclosed in the 10-Q. Stock-based comp drove up G&A expenses. Tariffs pressured costs, but the firm passed some to buyers. China sales surged 85% to $7.5M YTD. Supply chain snags loom as a key risk.
10-Q
Q2 FY2025 results
Surge Components posted solid Q2 FY2025 results, with net sales climbing 21.4% y/y to $8.9M and 12.2% YTD to $16.1M, fueled by new and existing customer wins plus higher-margin sales. Gross margins expanded to 30.2% from 27.3% y/y, yet operating expenses surged 39% q/q to $2.6M, driven by $532K in stock-based compensation, squeezing operating income to $61K from $113K. Net income dipped to $118K, or $0.02 diluted EPS on 5.75M shares—consistent with calculations. Cash stood at $4.0M with $8.8M in marketable securities and no debt on its $3M line; free cash flow not disclosed in the 10-Q. Sales to China jumped 83% YTD to $4.7M, underscoring Asia's pull. Liquidity looks sturdy. Tariffs remain a nagging risk, hiking costs on China imports.
10-Q
Q1 FY2025 results
Surge Components posted solid Q1 FY2025 results, with net sales climbing 2.5% year-over-year to $7.2M, driven by gains with new and existing customers, while gross profit held steady at $2.0M with margins dipping to 28.3% from 29.0% on lower-margin products. Operating expenses fell 3.7% to $2.0M, yielding a slim operating loss of $2,544 versus income of $84,563 last year, but investment income surged to $125K from Treasury holdings, flipping net income to $57K from a $72K loss. Cash dipped to $3.9M after investing $1.6M in securities, yet liquidity stays robust with $19M working capital and no debt on the $3M line. No M&A or non-GAAP metrics disclosed in the 10-Q. Customer concentration persists. Tariffs add pricing pressure.
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