Filing Flows › Surge Components (SPRS) › Q1 FY25
Surge Components (SPRS) Q1 FY25 earnings results (first quarter fiscal 2025)
10-Q filed Apr 14, 2025
Surge Components (SPRS) reported revenue of $7.2M for the first quarter fiscal 2025 (Q1 FY25), +3% from a year earlier and -18% from the quarter before. Operating margin was 0.0%, net earnings $57K (0.8% of revenue).
Surge Components, Q1 FY25: revenue $7.2M (+2% year over year), operating margin 0.0%, net earnings $57K, operating cash flow −$124K. The chart follows the revenue to costs, profit and cash.
| Q1 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.2M | -18% | +3% |
| Operating profit | −$3K | — | — |
| Net earnings | $57K | — | — |
| Operating cash flow | −$124K | — | — |
What changed
Revenue was $7.2M in Q1 FY25, up 3% year over year and down 18% from the previous quarter.
Gross margin was 28.3%, down 0.7 points from a year earlier. Operating costs exceeded revenue by $3K, an operating margin of 0.0%. Operating expenses fell 4% while revenue rose 3%. Net earnings were $57K. The effective tax rate was 53.1%. Non-operating items added $125K, 102% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$124K. Non-cash charges added back $16K of depreciation and amortization. Working capital and other items used $197K. Capital expenditures of $6K exceeded it, leaving free cash flow of −$130K.
Questions
What was Surge Components' revenue in the first quarter fiscal 2025?
Surge Components (SPRS) reported revenue of $7.2M for the first quarter fiscal 2025 (Q1 FY25), +3% from a year earlier and -18% from the quarter before.
Was Surge Components profitable in the first quarter fiscal 2025?
Operating loss was $3K (0.0% of revenue) and net earnings $57K.
Source: Surge Components 10-Q on SEC EDGAR.