Surge Components, Inc.

2.8300-0.03 (-1.05%)

Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · SPRS · USD

Upcoming Earnings

Report date

≈ -

Key Stats

Market Cap

16.15M

P/E (TTM)

18.87

Basic EPS (TTM)

0.15

Dividend Yield

Recent Filings

10-Q

Q3 FY2025 results

10/15/25Oct 15, 2025

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

7/14/25Jul 14, 2025

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

4/14/25Apr 14, 2025

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.

10-K

FY2024 results

2/28/25Feb 28, 2025

Surge Components posted FY2024 net sales of $31.2 million, down 14.0% year-over-year from $36.3 million, as customers worked through excess inventory from prior supply chain rushes, delaying new orders. Yet gross margins expanded to 28.5% from 27.4%, buoyed by higher-margin customer mix, while net income dipped to $825,677 from $972,110. Backlog shrank to $9.4 million from $11.4 million, signaling softer demand momentum into Q4. Cash swelled to $5.6 million with $7.1 million in marketable securities, funding $1.8 million in operating cash flow. No dividends or buybacks; capex stayed lean. Management eyes 2025 challenges from inflation and economic headwinds. Supply disruptions from Asia loom large.

8-K

Annual meeting results approved

11/27/24Nov 27, 2024

Surge Components held its 2024 Annual Meeting on November 26, electing Ira Levy, Steven J. Lubman, Alan Plafker, Lawrence Chariton, Peter A. Levy, and Gary M. Jacobs as directors, with each receiving over 2.9 million votes for and under 306,000 withheld. Shareholders ratified Seligson & Giannattasio, LLP as auditors for the fiscal year ending November 30, 2024, with 3.2 million for and just 17,792 against. The 2024 Equity Incentive Plan passed with 2.6 million for versus 618,000 against, while advisory approval of executive compensation garnered 2.9 million for. Continuity intact.

About

Surge Components, Inc., together with its subsidiaries, supplies electronic products and components. It offers capacitors comprising electrical energy storage devices; and discrete semiconductor components, such as semiconductor rectifiers, transistors, diodes, and circuit protection devices, as well as audible components comprising audible transducers, Piezo buzzers, speakers, and microphones. The company also provides resonators, alarms, chimes, filters, and discriminators; and fuses, printed circuit boards, and switches. Its products are used in the electronic circuitry of various industries, including automotive, computer, communications, cellular telephones, consumer electronics, garage door openers, security equipment, audio equipment, telecom products, computer related products, power supply products, utility meters, and household appliances. The company sells its products to original equipment manufacturers and distributors through independent sales representatives or organizations. Surge Components, Inc. also exports its products to Canada, China, other Asian countries, South America, Europe, and Mexico. The company e Components, Inc. was incorporated in 1981 and is headquartered in Deer Park, New York.

CEO

Mr. Ira Levy

IPO

3/26/2010

Website

https://surgecomponents.com

Employees

Sector

Technology

Industry

Electronics & Computer Distribution