Surge Components, Inc. Reports Earnings Results for the Third Quarter Ended August 31, 2021
October 15, 2021 at 09:01 am EDT
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Surge Components, Inc. announced earnings results for the third quarter ended August 31, 2021. For the third quarter, the company announced sales was USD 10.632 million compared to USD 8.667 million a year ago. Net income was USD 881,240 compared to USD 688,865 a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to USD 0.12 a year ago. For the nine months, sales was USD 28.381 million compared to USD 22.103 million a year ago. Net income was USD 1.863 million compared to USD 503,013 a year ago. Basic earnings per share from continuing operations was USD 0.34 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 0.09 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. 