Replies to post #102736 on Savvy Trades and Investments

[hweb2]

SPRS reports solid Q4 numbers, albeit down from Q3-

https://finance.yahoo.com/news/surge-components-inc-announces-fiscal-140500130.html

But a rather sizable backlog decline is revealed in the 10K, along with talk of customers cancelling orders. Considering the stock had popped up a bit lately from sub $3, not selling off today like I would have expected. From the 10K-

Backlog

As of November 30, 2022, our backlog was approximately $18,408,000, as compared with $27,326,000 at November 30, 2021. Substantially all backlog is expected to be shipped by us within 365 days of booking date. Due to the economic downturn, some of the Company’s customers have cancelled orders while others are not placing as many new orders. Year to year comparisons of backlog are not necessarily indicative of future operating results.