![SURGE COMPONENTS INC [SPRS] reports annual net loss of $972.1 thousand](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FSPRS.png&w=3840&q=75)
SURGE COMPONENTS INC [SPRS] reports annual net loss of $972.1 thousand
Company Reports Revenue of $36.3 million
SURGE COMPONENTS INC [SPRS] has reported a net loss of $972.1 thousand for year ended Nov 30, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $36.3 million
Based in DEER PARK, New York, SURGE COMPONENTS INC operates in the WHOLESALE sector.
In the 12 months ended November 30, 2023, the company reported net sales of $36.28 million, a decrease from $51.91 million in the same period in 2022. The cost of goods sold was $26.35 million in 2023, down from $37.59 million in 2022, resulting in a gross profit of $9.93 million compared to $14.32 million the previous year.
Operating expenses totaled $8.42 million in 2023, lower than the $9.60 million recorded in 2022. Income before other income and income taxes amounted to $1.51 million in 2023, a decrease from $4.72 million in 2022.
