Surge Components, Inc. Reports Earnings Results for the First Quarter Ended February 29, 2020
April 14, 2020 at 09:03 am EDT
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Surge Components, Inc. announced earnings results for the first quarter ended February 29, 2020. For the first quarter, the company announced sales was USD 6.789 million compared to USD 8.407 million a year ago. Net loss was USD 263,802 compared to net income of USD 693,797 a year ago. Basic loss per share from continuing operations was USD 0.05 compared to basic earnings per share from continuing operations of USD 0.13 a year ago.
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. 
