Surge Components, Inc. Reports Earnings Results for the Full Year Ended November 30, 2023
February 28, 2024 at 09:01 am EST
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Surge Components, Inc. reported earnings results for the full year ended November 30, 2023. For the full year, the company reported sales was USD 36.28 million compared to USD 51.91 million a year ago. Net income was USD 0.97211 million compared to USD 3.74 million a year ago.
Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.67 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.65 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. 