Surge Components, Inc. Announces First Quarter 2024 Results
SURGE COMPONENTS INC (SPRS)
NASDAQ:AMEX Investor Relations:
surgecomponents.com/relations.asp
Company Research
Source: Business Wire
Delivered Solid Q1 Net Sales of $7.1 MillionDrove Strong Operating Leverage and Expanded Gross Margin to 29.0%Reduced Liabilities and Strengthened Balance Sheet DEER PARK, N.Y.--(BUSINESS WIRE)--Surge Components, Inc. (“Surge” or the “Company”) (OTC Pink: SPRS), a leading supplier of capacitors, discrete semi-conductors, switches, and audible/sounding devices, today announced financial results for the first quarter ended February 29, 2024.Operational HighlightsThe Company continues to invest in growth assets, including new sales talent.Challenge and Surge divisions are well-positioned to capitalize on the industry’s eventual rebound as industry dynamics and prospects begin to improve.The Company continues to maintain its superior lead times and stable production to better serve customers and preserve a competitive advantage over peers.The Company continues to successfully design customized new products for customers to differentiate and increase competitiveness.Financial Highlights
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