Surge Components INC 10-Q quarterly reports

Surge Components, Inc. announced a 8.7% increase in net sales for the first six months of fiscal year 2026, driven by new and existing customer business.

Surge Components, Inc. reported a net loss of $34,275 for the first quarter of fiscal year 2026, a shift from a net income of $57,356 in the prior year, despite a 13.3% increase in net sales.

Surge Components, Inc. announced an 18.1% increase in net sales for the nine months ended August 31, 2025, reaching $26.4 million, despite facing gross margin pressure and increased operating expenses.

Surge Components, Inc. announced a significant increase in net sales and gross profit for the six months ended May 31, 2025, but experienced a decline in quarterly net income and operating cash flow due to higher general and administrative expenses, including substantial non-cash stock-based compensation.

Surge Components, Inc. reports a slight increase in net sales and a return to profitability for the three months ended February 28, 2025.

Surge Components experienced a decrease in net sales but an increase in gross profit margin during the third quarter of 2024, amidst ongoing economic challenges.

Surge Components, Inc. experienced a significant decrease in net sales and profitability for the quarter ended May 31, 2024, due to reduced customer demand and economic challenges.

Surge Components, Inc. reported a net loss for the quarter ended February 29, 2024, due to a significant decrease in net sales compared to the same period last year.