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

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Earnings data Q4 2022

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Earnings data Q4 2023

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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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73% month over month Growth in December 73% month over month Growth in December

SurgePays Details Significant Growth in Mobile Broadband Subscribers

BARTLETT, Tenn., Jan. 06, 2022 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a fintech company providing essential financial services and prepaid products to the underbanked population, has engaged international investor relations specialists MZ Group (“MZ”) to lead their comprehensive strategic investor relations and financial communications program across all key markets.

SurgePays Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication Program

Experienced Sales Leader to Provide Proven Framework for Building Out Company's National Sales Team and Boosting Store Revenues Experienced Sales Leader to Provide Proven Framework for Building Out Company's National Sales Team and Boosting Store Revenues

SurgePays Enlists Jason L. Aaron to Develop National Sales Rollout Strategy

EBB Revenue from first four months is over $4.2M as rollout plans are accelerated and projections are increased. EBB Revenue from first four months is over $4.2M as rollout plans are accelerated and projections are increased.

SurgePays Expands MVNO Customers and Revenue

BARTLETT, Tenn., Nov. 30, 2021 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ: SURG), a fintech company providing a complete suite of financial services and prepaid products to convenience and neighborhood stores serving the underbanked market, has been recognized as the 50th fastest growing company in North America by the Deloitte Technology Fast 500™.

SurgePays Named 50th Fastest Growing Company in North America According to Deloitte Technology Fast 500 Ranking

BARTLETT, Tenn., Nov. 16, 2021 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a fintech company providing essential financial services and products to the underbanked population and software applications to a number of industry verticals, today announces financial results for the third quarter ended September 30, 2021 and provides a corporate update.

SurgePays Reports Third Quarter 2021 Financial Results and Provides Corporate Update

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Revenue from first three months is $2.5M and plans to further accelerate rollout are underway Revenue from first three months is $2.5M and plans to further accelerate rollout are underway

SurgePays Sees Accelerated EBB Momentum and Revenue

BARTLETT, Tenn., Nov. 04, 2021 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ: SURG, SURGW) (“SurgePays” or the “Company”), a blockchain fintech company building a next generation supply chain network that offers wholesale goods and financial services for the underbanked more cost efficiently than traditional distribution models, today announced the closing of its previously announced underwritten public offering of 4,600,000 units at a price to the public of $4.30 per unit. Each unit issued in the offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $4.73 and an expiration date of three years from the date of issuance. The common stock and warrants were immediately separable and were issued separately. The common stock and warrants began trading on the Nasdaq Capital Market on November 2, 2021, under the symbols “SURG” and “SURGW,” respectively. SurgePays received gross proceeds of $19.78 million, before deducting underwriting discounts and commissions and other estimated offering expenses. In connection with the offering, the Company effectuated its previously announced reverse split of its issued and outstanding common stock at a ratio of 1-for-50. The reverse stock split became effective at 12:01 a.m., Eastern Time, on Tuesday, November 2, 2021. The share numbers and pricing information in this release are adjusted to reflect the impact of the previously announced reverse stock split. The new CUSIP number for the common stock following the reverse split is 86882L204.

SurgePays Announces Closing of Upsized $19.8 Million Public Offering, Uplisting to Nasdaq and Reverse Stock Split

BARTLETT, Tenn., Nov. 01, 2021 (GLOBE NEWSWIRE) -- SurgePays, Inc. (OTCQB: SURG) (“SurgePays” or the “Company”), a blockchain fintech company building a next generation supply chain network that offers wholesale goods and financial services for the underbanked more cost efficiently than traditional distribution models, today announced the pricing of its underwritten public offering of 4,600,000 units at a price to the public of $4.30 per unit. Each unit issued in the offering consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $4.73 and an expiration date of three years from the date of issuance. The common stock and warrants are immediately separable and will be issued separately. The common stock and warrants are expected to begin trading on the Nasdaq Capital Market on November 2, 2021, under the symbols “SURG” and “SURGW,” respectively. SurgePays expects to receive gross proceeds of $19.78 million, before deducting underwriting discounts and commissions and other estimated offering expenses. In connection with the offering, the Company will effectuate a reverse split of its issued and outstanding common stock at a ratio of 1-for-50. The reverse stock split is expected to be effective at 12:01 a.m., Eastern Time, on Tuesday, November 2, 2021. The share numbers and pricing information in this release are adjusted to reflect the impact of the reverse stock split. The new CUSIP number for the common stock following the reverse split is 86882L204.

SurgePays Announces Pricing of Upsized $19.8 Million Public Offering, Uplisting to Nasdaq and Reverse Stock Split

Two weeks of testing software integration generates over 800 customers and $115,211 in revenue Two weeks of testing software integration generates over 800 customers and $115,211 in revenue

SurgePays Subsidiary SurgePhone Wireless Accelerates Rollout of EBB Devices

BARTLETT, Tenn., Aug. 26, 2021 (GLOBE NEWSWIRE) -- SurgePays, Inc. (OTCQB: SURG) (“SurgePays” or the “Company”), a blockchain financial technology company building a next generation supply chain network in the U.S. for convenience stores, mini-marts, tiendas, bodegas, gas stations, and other merchants serving underbanked consumers, today announces financial results for the second quarter ended June 30, 2021 and provides a corporate update.

SurgePays Reports Second Quarter 2021 Financial Results and Provides Corporate Update

Experienced financial services executive to lead marketing business intelligence CRM Experienced financial services executive to lead marketing business intelligence CRM

SurgePays Appoints Anthony P. Nuzzo, Jr. as CEO of its LogicsIQ Subsidiary

SurgePays Inc. (OTCQB: SURG), a blockchain fintech company building a next-generation supply chain network that offers wholesale goods and financial services for the underbanked — more cost-efficiently than traditional distribution models — has netted an approval that will see it expand its services to more Americans. The company has received an EBB program approval from the Federal Communications Commission (FCC) to provide eligible low-income households discounted broadband services and certain connected devices.

SurgePays Approved for Emergency Broadband Benefit Program to Expand Broadband Access in US

NEW YORK and BARTLETT, Tenn., Aug. 9, 2021 /PRNewswire/ -- SurgePays (OTCQB:SURG), a blockchain financial technology company building a next generation supply chain network in the U.S. for convenience stores, mini-marts, tiendas, bodegas, gas stations and other merchants serving underbanked consumers, has selected Feintuch Communications as its public relations agency of record.

SurgePays Appoints Feintuch Communications as its PR Agency of Record

By using the federal EBB program eligible customers can temporarily receive low cost or no cost broadband services via SurgePays MVNO By using the federal EBB program eligible customers can temporarily receive low cost or no cost broadband services via SurgePays MVNO

SurgePays Subsidiary SurgePhone Approved to Enroll Qualified Consumers into Emergency Broadband Benefit (EBB) Program Through SurgePays Network Retailers in 14 States

SurgePays will leverage Commander's customer relationships to provide its full suite of fintech and wholesale products and services to Commander's customer base SurgePays will leverage Commander's customer relationships to provide its full suite of fintech and wholesale products and services to Commander's customer base

SurgePays, Inc. Acquires Commander Communication, a Provider of Prepaid Wireless Payment Products to Approximately 500 Convenience Stores

BARLETT, Tenn., July 01, 2021 (GLOBE NEWSWIRE) -- SurgePays, Inc. (OTCQB: SURG) (“SurgePays” or the “Company”), a blockchain fintech company building a next generation supply chain network that offers wholesale goods and financial services for the underbanked more cost efficiently than traditional distribution models, today announces a new program offering SurgePays clients the capability to create custom, closed loop, private label gift card programs for convenience store, mini-mart, tienda, and bodega owners to offer to their retail customers. These private label gift cards provide additional convenience and loyalty opportunities for these locations' customers.

SurgePays, Inc. Launches New Custom Private Label Gift Card Program for its Independent Retail Store Clients

Company Appoints Daniel Anderson as National Direct Sales Manager and Patrick Crean as National Sales Manager for Special and Indirect Accounts Company Appoints Daniel Anderson as National Direct Sales Manager and Patrick Crean as National Sales Manager for Special and Indirect Accounts

SurgePays, Inc. Expands Sales Activities via the Launch of BLITZ, the Company's Proprietary Blockchain Supported Sales Funnel, Customer Relationship Management and Business Intelligence Platform and the Appointment of In-House Sales Team Leaders

News for SurgePays Stock (SURG)