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Stock impact report

Surge Components, Inc. Announces Third Quarter 2024 Results

SURGE COMPONENTS INC (SPRS) 
NASDAQ:AMEX Investor Relations: surgecomponents.com/relations.asp
Company Research Source: Business Wire
Company Delivers Strong Q3 Net Sales of $8.0 Million, up 9% from Q2Q3 Gross Profit Grows Quarter-over-Quarter and Year-over-YearQ3 Gross Profit Margins of 31.2%; Highest Gross Profit Margins of FY2024Net Income Available to Common Shareholders Grows 123% Quarter-over-Quarter 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 third quarter ended August 31, 2024.Operational HighlightsThe Company continues to maintain its superior lead times and stable production to better serve customers and preserve a competitive advantage over peers.Challenge and Surge divisions are well-positioned to capitalize on the industry’s eventual rebound as industry dynamics and prospects begin to improve.Challenge division continues to successfully design customized new products for customers to differentiate and in Show less Read more
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