Surge Components Inc (SPRS) financial statements (2022 and earlier)

Company profile

Business Address 95 EAST JEFRYN BLVD
DEER PARK, NY 11729
State of Incorp. NY
Fiscal Year End November 30
SIC 5065 - Electronic Parts and Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,5124,3882,7391,7621,0877,1217,169
Cash and cash equivalents6,5124,3882,7391,7621,0877,1217,169
Receivables7,4996,4555,1305,9975,9335,5594,694
Inventory, net of allowances, customer advances and progress billings5,2933,4113,5933,3893,1622,9303,199
Inventory5,2933,4113,5933,3893,1622,9303,199
Prepaid expense245534     
Other undisclosed current assets  48720486450381
Total current assets:19,54914,78811,94911,16810,66816,05915,443
Noncurrent Assets
Operating lease, right-of-use asset1,5341,636 
Property, plant and equipment22710212111613882105
Intangible assets, net (including goodwill)(1,609)(2,344)     
Intangible assets, net (excluding goodwill)(1,609)(2,344)     
Deferred income tax assets4071,308 
Other noncurrent assets34232313131313
Other undisclosed noncurrent assets1,6092,3441,186983655610749
Total noncurrent assets:2,2033,0691,3291,112807705867
TOTAL ASSETS:21,75217,85613,27812,28011,47516,76416,310
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,9525,1244,4325,5326,1895,2144,363
Accounts payable5,4483,8813,3444,4204,6303,2383,262
Accrued liabilities  5816039371,545572
Employee-related liabilities731677507509622431529
Taxes payable772566     
Debt98 76  
Other undisclosed current liabilities3002348 500  
Total current liabilities:7,2605,3664,4405,5396,6965,2144,363
Noncurrent Liabilities
Long-term debt and lease obligation1,3091,888 2633  
Long-term debt, excluding current maturities 450     
Finance lease, liability 9 
Capital lease obligations2633  
Operating lease, liability1,3091,430 
Liabilities, other than long-term debt  1326354042
Deferred revenue and credits354042
Deferred rent credit  1326
Other undisclosed noncurrent liabilities(1,309)(1,430)17    
Total noncurrent liabilities:1,3091,8883051674042
Total liabilities:8,5697,2544,4705,5906,7635,2544,405
Stockholders' equity
Stockholders' equity attributable to parent, including:13,18310,6028,8086,6904,71311,51011,905
Common stock655551010
Treasury stock, value     (48) 
Additional paid in capital17,02316,94916,66616,57816,55723,70223,530
Accumulated deficit(3,846)(6,352)(7,863)(9,893)(11,850)(12,202)(11,635)
Other undisclosed stockholders' equity attributable to parent00000480
Total stockholders' equity:13,18310,6028,8086,6904,71311,51011,905
TOTAL LIABILITIES AND EQUITY:21,75217,85613,27812,28011,47516,76416,310

Income statement (P&L) ($ in thousands)

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
Revenues39,82831,71732,49232,37229,77529,55629,734
Revenue, net29,77529,55629,734
Cost of revenue(5)(3)(5)(7)(22,265)(22,094)(22,301)
Cost of goods and services sold(28,942)(22,963)(23,243)(24,089)(22,265)(22,094)(22,301)
Other undisclosed gross profit(28,938)(22,959)(23,238)(24,082)   
Gross profit:10,8868,7549,2488,2837,5107,4637,434
Operating expenses(7,733)(7,270)(7,307)(6,768)(7,175)(7,937)(6,336)
Operating income (loss):3,1531,4851,9411,515336(475)1,097
Nonoperating income (expense)45020(2)588(19)99
Investment income, nonoperating    399
Interest and debt expense450(2)(3)(16)(22)  
Income (loss) from continuing operations before equity method investments, income taxes:4,0531,5031,9362,087294(466)1,106
Other undisclosed income (loss) from continuing operations before income taxes(450)231622  
Income (loss) from continuing operations before income taxes:3,6031,5051,9392,103317(466)1,106
Income tax expense (benefit)(1,092)1296(141)41(97)(241)
Net income (loss) attributable to parent:2,5111,5162,0351,962357(562)865
Preferred stock dividends and other adjustments(5)(5)(5)(5)(5)(5)(7)
Net income (loss) available to common stockholders, diluted:2,5061,5112,0301,957352(567)858

Comprehensive Income ($ in thousands)

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
Net income (loss):2,5111,5162,0351,962357(562)865
Comprehensive income (loss), net of tax, attributable to parent:2,5111,5162,0351,962357(562)865

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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