Home > Boards > US Listed > Electronics and components > Surge Components inc.. (SPRS)

SPRG.. Surge Components, Inc. $0.55

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
10 bagger Member Profile
 
Followed By 446
Posts 23,115
Boards Moderated 7
Alias Born 01/20/05
160x600 placeholder
10 bagger   Wednesday, 10/20/10 02:12:43 PM
Re: None
Post # of 24 
SPRG.. Surge Components, Inc. $0.55

Headquarters: 95 East Jefryn Boulevard
Deer Park, NY 11729
Web Address:
http://www.surgecomponents.com

Is a supplier of electronic products and components. These 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 (ICs) such as microprocessors. Surge's products are typically utilized in the electronic circuitry of diverse products, including, but not limited to, automobiles, cellular telephones, computers, consumer electronics, garage door openers, household appliances, power supplies and security equipment. Surge's products are sold to both original equipment manufacturers (OEMs) that incorporate them into their products and to distributors of Surge's product lines that resell these products within their customer baseResults of Operations

CONSOLIDATED STATEMENTS OF OPERATIONS -UNAUDITED

Nine Months Ended Three Months Ended
August 31, August 31,
2010 2009 2010 2009

Net sales $ 15,620,352 $ 8,576,213 $ 6,067,148 $ 3,333,225

Cost of goods sold 10,958,792 6,152,063 4,252,684 2,397,560

Gross profit 4,661,560 2,424,150 1,814,464 935,665

Operating expenses:
Selling and shipping expenses 1,248,187 752,618 450,531 276,669
General and administrative expenses 1,836,010 1,478,631 634,279 465,311
Depreciation and amortization 105,180 112,960 37,410 37,876

Total operating expenses 3,189,377 2,344,209 1,122,220 779,856


Income before other income (expense)
and income taxes 1,472,183 79,941 692,244 155,809

Other income (expense):
Interest expense (90,270 ) (89,799 ) (30,120 ) (29,345 )
Investment income 3,522 6,106 1,076 1,421

Other income (expense) (86,748 ) (83,693 ) (29,044 ) (27,924 )

Income (Loss) before income taxes 1,385,435 (3,752 ) 663,200 127,885

Income taxes (benefit) 9,137 5,006 (731 ) 526

Net Income (Loss) 1,376,298 (8,758 ) 663,931 127,359
Dividends on preferred stock 16,350 16,350 8,175 8,175


Net income (loss) available to
common shareholders $ 1,359,948 $ (25,108 ) $ 655,756 $ 119,184



Net income (loss) per share available
to common shareholders:

Basic $ .15 $ (.00 ) $ .07 $ .01
Diluted $ .15 $ (.00 ) $ .07 $ .01

Weighted Shares Outstanding:

Basic 8,895,008 8,874,512 8,922,512 8,874,512

Diluted 9,222,008 8,874,512 9,249,512 8,874,512



Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences