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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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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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)