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.

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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.

SurgePays reports Q3 sales of $4.8M, eyes growth opportunities

SurgePays navigated challenges post-ACP shutdown, focusing on core segments and financial stability.
With a strong foundation and growth opportunities, SurgePays is poised for expansion and revenue growth.
Strategic initiatives and market insights position SurgePays for future success and profitability in the telecommunications sector.

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SurgePays, Inc. (NASDAQ:SURG ) Q1 2023 Earnings Call May 11, 2023 5:00 PM ET Company Participants Brian M. Prenoveau - Investor Relations Brian Cox - President and Chief Executive Officer Anthony Evers - Chief Financial Officer Conference Call Participants Ed Woo - Ascendiant Capital Adam Waldo - Lismore Partners Michael Diana - Maxim Group Operator Welcome to the SurgePays First Quarter 2023 Earnings Call.

SurgePays, Inc. (SURG) Q1 2023 Earnings Call Transcript

Company to host conference call to discuss results at 5:00 p.m. ET / 2:00 p.m. PT Company to host conference call to discuss results at 5:00 p.m. ET / 2:00 p.m. PT

SurgePays Announces First Quarter 2023 Financial Results

1606 Corp announced that it has completed a distribution deal with Nasdaq-listed SurgePays, Inc, in which SurgePays has agreed to distribute 1606 Corp's Hemp smokable products to its thousands of registered retail store customers. The acquisition-based CBD company said SurgePays has already taken possession of 1,000 six-pack displays and is currently distributing them to registered retail store customers, along with 1606's CBD Singlz brand.

1606 Corp inks product distribution deal with SurgePays

BARTLETT, Tenn., May 08, 2023 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG), a technology and telecom company focused on the underbanked and underserved, will become available today at 10:00am EST under the ticker symbol SURG on Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex (“Horizon”) and MERJ Exchange Limited (“MERJ”).

SurgePays Inc. Commences Trading on Upstream Under “SURG”

CLEVELAND, OH / ACCESSWIRE / April 17, 2023 / Mace® Security International, Inc. (OTCQX:MACE), a globally recognized leader in personal safety products,is pleased to announce that it has entered into a distribution agreement with SurgePays, Inc., a technology and telecommunications company (NASDAQ:SURG) focused on the underbanked and underserved. The agreement provides for the distribution of pepper spray and other personal defense products through the SurgePays network of thousands of corner stores, bodegas and gas stations.

Mace(R) Security International, Inc. Partners with SurgePays, Inc.

A growth pause worried investors, but there is no need as the company assembled the pieces to remove the lid on growth and improve unit economics. A line of credit financed cheaper tablets and removes the constraint on growth as they were previously financed with cash flow.

After A Pause, SurgePays Is Hitting The Ground Running

SurgePays, Inc. (NASDAQ:SURG ) Q4 2022 Earnings Conference Call March 30, 2023 5:00 PM ET Company Participants Brian Prenoveau - Investor Relations Brian Cox - President and Chief Executive Officer Tony Evers - Chief Financial Officer Conference Call Participants Michael Diana - Maxim Group Ed Woo - Ascendiant Capital Operator Greetings and welcome to the SurgePays Inc. Fourth Quarter and 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

SurgePays, Inc. (SURG) Q4 2022 Earnings Call Transcript

Company to host conference call to discuss results and provide business outlook at 5:00 p.m. ET / 2:00 p.m.

SurgePays Announces Fourth Quarter 2022 and Full Year Financial Results

Q4 Positive Cash Flow over $2 million with sales over $35 million Q4 Positive Cash Flow over $2 million with sales over $35 million

SurgePays Announces 2022 Preliminary Financial Results and Schedules Fourth Quarter and Full Year 2022 Earnings Call

BARTLETT, Tenn., Feb. 16, 2023 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved, announced today that it has entered into an Distribution Agreement with Capital Candy, Co. a leading, family-owned distributor of wholesale products for its list of over 3,000 convenience stores and bodegas in the New England region.

SurgePays Announces Distribution Agreement with Capital Candy Co.

The company has removed bottlenecks from its already triple-rate subscriber growth of its mobile broadband business, setting it up for a significant acceleration. It will also use that business to expand its network of partner community shops as this is easy money for prospective shops.

A Virtuous Cycle At SurgePays

BARTLETT, Tenn., Jan. 12, 2023 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a technology and telecommunications company focused on the underbanked and underserved provides this shareholder update.

SurgePays Provides Shareholder Update

Election of Laurie Weisberg and Richard Schurfeld Election of Laurie Weisberg and Richard Schurfeld

SurgePays Announces Changes To Its Board Of Directors

Underbanked and underserved consumers are twice as likely to shop at convenience stores and bodegas daily compared to more affluent shoppers Underbanked and underserved consumers are twice as likely to shop at convenience stores and bodegas daily compared to more affluent shoppers

94% of Consumers Consider their Local Independent Grocery Stores Important to their Community According to New SurgePays Survey

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Non-dilutive Installment Sale Agreement for Cash Flow Positive Growth Non-dilutive Installment Sale Agreement for Cash Flow Positive Growth

SurgePays Announces Closing on $25 Million Senior Credit Facility

Revenues up 149%, following subscriber growth but the bottom line isn't yet improving as a result of upfront costs (the tablets, sales commissions, etc.) keep increasing. New financing based on government receivables is as good as done, should remove a bottleneck as they can pre-finance more tablets.

SurgePays Keeps Growing

SurgePays, Inc. (NASDAQ:SURG ) Q3 2022 Earnings Conference Call November 14, 2022 5:00 PM ET Company Participants Brian Prenoveau – Investor Relations Brian Cox – President and Chief Executive Officer Tony Evers – Chief Financial Officer Conference Call Participants Michael Diana – Maxim Group Ed Woo – Ascendiant Capital Jeff Kone – The Wall Street Resource Operator Good day, and welcome to the SurgePays Incorporated Third Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.

SurgePays, Inc. (SURG) Q3 2022 Earnings Call Transcript

Company to host conference call to discuss results and provide business outlook at 5:00 p.m. ET / 2:00 p.m. PT Company to host conference call to discuss results and provide business outlook at 5:00 p.m. ET / 2:00 p.m. PT

SurgePays Announces Third Quarter 2022 Financial Results

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BARTLETT, Tenn., Nov. 03, 2022 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved, announced today that management will host a live conference call and webcast to discuss its third quarter 2022 earnings on November 14, 2022, at 5:00pm ET.

SurgePays Announces Third Quarter 2022 Earnings Release and Conference Call

Senior sales, business development and operations executive to develop and expand nationwide c-store channel Senior sales, business development and operations executive to develop and expand nationwide c-store channel

Jeremy Gies Appointed President of SurgePays Fintech

GPOPlus+ to offer SurePays Products to their Retail Customers and SurgePays to Sell GPOPlus+ Products to its Network of 8,000+ Specialty Retailers   LAS VEGAS, NEVADA and BARTLETT, TN, October 27, 2022 — McapMediaWire — GPO Plus, Inc.

News for SurgePays Stock (SURG)