Surge Components, Inc. Announces Financial Results for the Fiscal Second Quarter Ended May 31, 2019
July 15, 2019 at 08:05 am EDT
Share
Surge Components, Inc. announced financial results for the fiscal second quarter ended May 31, 2019. Net sales for the three months ended May 31, 2019 increased by 16.6% to $8.5 million, as compared to net sales of $7.3 million for the three months ended May 31, 2018. Net income available to common shareholders for the three months ended May 31, 2019 was $461,632, as compared to a net income available to common shareholders of $168,309 for the three months ended May 31, 2018. Net income per share available to common shareholders for the three months ended May 31, 2019 was $0.09, as compared to net income per share available to common shareholders of $0.03 for the three months ended May 31, 2018.
Surge Components, Inc. is a supplier of electronic products and components. The Company operates with two sales groups, Surge Components (Surge) and Challenge Electronics (Challenge). Its products include capacitors, which are electrical energy storage devices, and discrete components, such as semiconductor rectifiers, transistors and diodes, which are single function low power semiconductor products that are packaged alone as compared to integrated circuits such as microprocessors. The products that the Company sells are utilized in the electronic circuitry of diverse products, including, but not limited to, automobiles, audio products, temperature control products, lighting products, energy related products, computer related products, various types of consumer products, garage door openers, household appliances, power supplies and security equipment. The Companyâs products include buzzers, speakers, microphones, resonators, alarms, chimes, filters, and discriminators.
SURGE COMPONENTS, INC. 
