SurgePays

SurgePays, Inc. operates as a technology-driven company, which focuses on building a supply chain software platform as an alternative to traditional wholesale supply chain distribution models. It offers goods and services direct to convenience stores, bodegas, minimarts, tiendas and other corner stores, providing goods and services primarily to the underbanked community. The company was founded on August 18, 2006 and is headquartered in Bartlett, TN.

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

SurgePays reports robust Q4 earnings, eyes $190M revenue in 2023

SurgePays delivered strong financial results in Q4 2022, showcasing revenue growth, operational efficiency, and positive income from operations.
The company's strategic focus on direct device purchasing and the ACP program presents significant revenue opportunities for future growth.
While facing challenges such as operational transitions and market competition, SurgePays remains well-positioned for expansion and market penetration.

SurgePays reports stellar Q1 earnings, eyes rapid store expansion

SurgePays' Q1 2023 performance reflects robust revenue growth, improved profitability, and a strong focus on expanding its network to serve underbanked communities effectively.
While the company faces challenges in a competitive market and operational scalability, it has opportunities to capitalize on market demand, strategic partnerships, and customer-centric innovations for sustained growth.
Investors should monitor SurgePays' execution of growth strategies, store expansion targets, and customer retention efforts to assess its ability to drive profitability and capture market opportunities.
Overall, SurgePays' financial results and strategic focus position it well for future growth and market leadership in providing essential financial and telecom services to underserved populations.

SurgePays reports robust Q2 earnings, eyes growth in underbanked market

SurgePays' Q2 2023 performance reflects strong financial results and strategic partnerships driving growth.
The company's focus on the underbanked market, innovative product promotion, and network expansion are key strengths.
Challenges include maintaining cash flow, facing competition, and adapting to market dynamics, while opportunities lie in revenue growth and market leadership.

SurgePays reports record earnings, eyes growth in underbanked markets

SurgePays delivered strong financial performance in Q3 2023, showcasing resilience and strategic focus. With a record net income, upcoming launch of LinkUp Mobile, and plans for network expansion, SurgePays is well-positioned for growth despite challenges. The company's commitment to serving underbanked populations underscores its long-term vision and market potential.

SurgePays achieves record earnings, eyes growth through strategic initiatives

SurgePays delivered stellar financial performance in Q4 2023, showcasing robust growth in net income, EBITDA, and revenue, while strategically expanding its offerings and sales channels.
The company's strengths lie in its niche market focus, operational excellence, and prudent financial management, positioning SurgePays for sustained success and future growth.
Despite facing challenges in a dynamic market environment, SurgePays has ample opportunities to drive revenue growth, market expansion, and strategic initiatives leveraging its strong financial position.

SurgePays reports Q1 results, eyes growth post-ACP funding uncertainty

SurgePays navigates challenges by focusing on strategic initiatives like LinkUp Mobile and engaging with master dealers to drive growth and revenue.
Confidence in the company's ability to succeed post-ACP funding, with a strong cash position and plans for acquisitions to complement its business model.
Development teams are actively working to meet sales demands, ensuring seamless transaction processing and preparing to report key milestones for growth.

SurgePays faces Q2 sales decline but eyes growth opportunities ahead

SurgePays navigated challenges in Q2 due to the end of ACP funding and strategic decisions, leading to a decline in sales and a gross profit loss.
Despite short-term setbacks, the company is proactively addressing its financial position through a stock buyback and aims for positive free cash flow by year-end.
Focused on customer expansion, product diversification, and market engagement, SurgePays remains optimistic about its long-term prospects.

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Surgepays (NASDAQ: SURG ) stock is down on Wednesday following the release of the technology and telecommunications company's Q4 2023 earnings report. The bad news for SURG stock starts with its diluted earnings per share of 19 cents for the quarter.

Why Is Surgepays (SURG) Stock Down 27% Today?

SurgePays, Inc. (SURG) Q4 2023 Earnings Call Transcript

Company Delivers Record Financial Results with EBITDA of $22.3 Million Company Delivers Record Financial Results with EBITDA of $22.3 Million

SurgePays Announces Fourth Quarter and Full Year 2023 Financial Results

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SurgePays, Inc. is a Tennessee-based tech firm providing mobile broadband, fintech solutions, cloud services, blockchain software, and lead generation services.

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BARTLETT, Tenn., March 05, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved communities announced today that management will host a live conference call and webcast to discuss its fourth quarter and full year 2023 earnings on March 12, 2024, at 5:00pm ET.

SurgePays Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

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SurgePays offers wireless and financial solutions to underbanked and underserved US customers with potential for revenue and market share growth. The company's revenue took a hit due to deteriorating economic conditions and competitive threats, but it has a multi-million dollar opportunity to target the underbanked population. SurgePays has made strides in profitability with record net income and plans to expand its network of convenience stores and pursue synergistic acquisitions.

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CEO Brian Cox and management team provide overview of company's essential business and commitment to serving the needs of the nation's underbanked and underserved consumers CEO Brian Cox and management team provide overview of company's essential business and commitment to serving the needs of the nation's underbanked and underserved consumers

Congressman David Kustoff Visits SurgePays Headquarters in Bartlett, Tenn.

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SurgePays reported its highest-ever net income of $7.1 million and EBITDA of $7.5 million in Q3 2023. While Q3 2023 revenue slightly decreased, the company achieved a substantial increase in gross profit, reaching $10.5 million.

SurgePays: This Top-Rated Stock Is Worth Your Attention

SurgePays, Inc. serves underbanked and underserved communities with a focus on lower-income families. The company has low institutional ownership, but insiders own nearly 30% of the company's outstanding shares. SurgePays is well-positioned as a high-growth play supported by a profitable business model. However, its relatively low valuation suggests the market hasn't turned too optimistic.

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