Surge Components, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 30, 2018
February 28, 2019 at 04:05 pm EST
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Surge Components, Inc. reported consolidated earnings results for the fourth quarter and full year ended November 30, 2018. For the year, the company reported net sales of $32.4 million, an 8.7% year-over-year increase as compared to net sales of $29.8 million for the fiscal year ended November 30, 2017. EPS was $0.37, compared to $0.05 in the prior-year period. Net income was $2.0 million, as compared to net income of $357,466 for the fiscal year ended November 30, 2017.
For the quarter, the company reported net sales of $8.8 million, compared to $8.0 million in the prior-year-period, an increase of 11.0% year-over-year. EPS was $0.27 compared to $0.07 in the prior-year period. Net income was $1.4 million, as compared to net income of $396,069 for the three months ended November 30, 2017.
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. 
