Surge Components, Inc. Announces Second Quarter 2024 Results
SURGE COMPONENTS INC (SPRS)
NASDAQ:AMEX Investor Relations:
surgecomponents.com/relations.asp
Company Research
Source: Business Wire
Company Delivers Strong Q2 Net Sales of $7.3 Million, up 4% from Q1Generated Positive Net Income and EPS; Improvement from Q1First Half 2024 Gross Margins Remained above 28% 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 second quarter ended May 31, 2024.Operational HighlightsThe Company continues to invest in growth assets, including hiring new sales talent in Europe and Asia.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 c
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