Company News
December 2, 2019

Surge Strengthens Strategic Territories in Preparation for 2020

Surge is committed to starting the new year stronger than ever. To achieve this, Surge has developed partnerships with representatives in strategic territories in order to have continued success in the future. Some of the newer engagements include Challenge Sales, Earle Associates, and Compass Technology.

In addition, Surge has expanded our local sales force in the Silicon Valley region, with our new Sales Executive, Angel Wu, located in Santa Clara. Surge is driven to successfully engage and support our customers, sales representatives, and distribution channels, and will continue to do so throughout the new year.

May 2, 2019

Higher Sales Drives Surge in First Quarter Results

Deer Park, NY -- Surge Components (OTCMKTS: SPRS) - a supplier of electronic products and components, on Monday reported a surge in both its revenue and profit in the fiscal first quarter, driven by improved sales. The news triggered a sharp rise in the company’s share price, which popped by 46% to close at $2.75 Monday.

In the three months until February 28, the company’s net income jumped to $691,297, or $0.13 per share, compared to $33,057, or $0.01 per share, in the year-ago quarter. Its sales, meanwhile, climbed by 20% to $8.4 million, up from $7 million in the year-ago quarter.

"Surge is off to an excellent start to 2019," said Ira Levy, Chief Executive Officer. "We delivered year-over-year growth in net sales of 20.4% and a 28.1% increase in gross profit in the first quarter. Driven by a strong sales pipeline of customers in a wide variety of viable markets, we also generated a 27.6% gross profit margin."

Looking ahead, Levy is focused on positioning Surge, which makes capacitors, discrete semiconductors and switches as a top supplier of electronic products and components.

May 2, 2019

Surge Announces New Sales Initiative in Brazil

Surge is proud to announce a new sales initiative to help bring business within the Brazil territory. In order to properly take the best step forward, Surge is proud to announce a partnership with our new sales representatives at Tradecomp.

Tradecomp is a well established sales representative firm within the terriroty of Brazil. With their network of sales reps and Surge’s expertise in components, we hope to generate much more business activity in the territory. We are also aligned with the distribution Power of both Avnet and Future.

To reach our sales reps at Tradecomp, please see information below:

Tradecomp
RUA SANSAO ALVES DOS SANTOS, 433 CJ 61
BROOKLIN NOVO
SAO PAULO, SP 04571-090
Tel: +55 11 5507 2627
Fax: 55 11 5505 7905

THINKING BEYOND THE BOARD

Your global portal for power control components

Surge Components, Incorporated was founded in 1981, and has grown into a leading supplier of electronic component products. Surge’s current product portfolio includes aluminum electrolytic capacitors, film capacitors, MLCC, discrete semiconductors, and switches. Surge periodically adds new products to its portfolio which compliment the current lineup. Surge’s monthly production capacity is amongst the largest for these products, and Surge’s products are AECQ compliant for automotive applications. Surge is globally positioned, with sales, service, and technical support. Surge looks forward to being your supplier for capacitors, discrete semiconductors , and switches.

North America Headquarters

Surge Components Inc.

95 E. Jefryn Blvd.

Deer Park, NY 11729

Phone: 631-595-1818

Fax: 631-595-1283

Asia Headquarters

Hong Kong

Surge Components.Ltd.

Flat H, 14/F High Win Factory Building

47 Hoi Yuen Road, Kowloon, Hong Kong

Phone: 852- 2172-7607

Fax: 852-2172-7907

© 2018 - 2020 Surge Components Inc.