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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SurgePays has a rapidly expanding mobile broadband business that has increased subscribers from 30K at the start of the year to 220K now. This produces an $80M run rate and an EPS well above $1, and there is no sign the expansion will slow anytime soon.

SurgePays Is Ripe For A Short Squeeze

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BARTLETT, Tenn., Oct. 03, 2022 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved, today announced that CEO Brian Cox will present and host investor meetings at the following upcoming conferences:

SurgePays Announces Upcoming Investor Conference Participation

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BARTLETT, Tenn., Sept. 06, 2022 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved, today announced that CEO Brian Cox will present at the H.C. Wainwright Annual Global Investment Conference.

SurgePays to Present at the H.C. Wainwright Annual Global Investment Conference

Subscriber and revenue growth for their mobile broadband business continues at a torrid pace. Margins are low still but gross margin is set to rise with an increasing installed base of subscribers and operational leverage is also kicking in.

SurgePays: High-Risk, High-Return Play With Surging Subscriber Numbers

SurgePays, Inc. (NASDAQ:SURG ) Q2 2022 Results Conference Call August 11, 2022 5:00 PM ET Company Participants Brian Prenoveau - IR Brian Cox - President and CEO Tony Evers - CFO Conference Call Participants Michael Diana - Maxim Group Ed Woo - Ascendiant Capital Operator Good day, and welcome to the SurgePays, Inc. Second Quarter 2022 Earnings Call. Today's conference is being recorded.

SurgePays, Inc. (SURG) CEO Brian Cox on Q2 2022 Results - Earnings Call Transcript

BARTLETT, Tenn., Aug. 11, 2022 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved, today announced its financial results for the second quarter ended June 30, 2022.

SurgePays Announces Second Quarter 2022 Financial Results

BARTLETT, Tenn., Aug. 09, 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 second quarter 2022 earnings on August 11, 2022, at 5:00pm ET.

SurgePays Announces Second Quarter 2022 Earnings Release and Conference Call

- Live moderated video webcast with Brian Cox, President and CEO of SurgePays on Wednesday, July 27th at 11:00 AM ET - FRENCHTOWN, NJ / ACCESSWIRE / July 22, 2022 / JTC Team ("JTC"), a fully integrated corporate communications and investor relations firm, today announced it will host the Virtual Investor Spotlight Event Featuring SurgePays, Inc. on Wednesday, July 27, 2022 at 11:00 AM ET. Access the event here.

JTC Team to Host Virtual Investor Spotlight Event Featuring SurgePays, Inc.

Live moderated video webcast with Chairman and CEO Brian Cox on Wednesday, July 27th at 11:00 AM ET Live moderated video webcast with Chairman and CEO Brian Cox on Wednesday, July 27th at 11:00 AM ET

SurgePays to Participate in the Virtual Investor Spotlight Series

Online Sales Spur Future Growth Acceleration in All 50 States Online Sales Spur Future Growth Acceleration in All 50 States

SurgePays Passes 150,000 Mobile Broadband Subscribers

BARTLETT, Tenn., July 13, 2022 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved, today announced that management will participate in an Opening Bell Ceremony at the Nasdaq Stock Market on Friday, July 15, 2022. The Opening Bell Ceremony celebrates Surgepays' IPO on Nasdaq last fall.

SurgePays to Ring Nasdaq Opening Bell

BARTLETT, Tenn., June 15, 2022 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved, was selected to join the Russell Microcap® Index at the conclusion of the 2022 Russell indexes annual reconstitution. The selection will become effective after the U.S. market closes on June 24, 2022, according to a preliminary list of additions posted June 6, 2022.

SurgePays Selected to Join Russell Microcap Index

SurgePays, Inc. (NASDAQ:SURG ) Q1 2022 Earnings Conference Call May 16, 2022 9:00 AM ET Company Participants Brian Prenoveau - IR Brian Cox - President and CEO Tony Evers - CFO Conference Call Participants Michael Diana - Maxim Group Edward Woo - Ascendiant Capital Adam Waldo - Lismore Partners Operator Greetings. Welcome to the SurgePays, Incorporated First Quarter 2022 Financial Results Call.

SurgePays, Inc. (SURG) CEO Brian Cox On Q1 2022 Results - Earnings Call Transcript

BARTLETT, Tenn., May 16, 2022 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecommunications company focused on the underbanked and underserved, today announced its financial results for the first quarter ended March 31, 2022.

SurgePays Announces First Quarter 2022 Financial Results

BARTLETT, Tenn., May 11, 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 first quarter 2022 earnings on May 16, 2022, at 9:00am ET.

SurgePays Announces First Quarter 2022 Earnings Release and Conference Call

Acquisition of Torch Wireless Expands Growth Potential Acquisition of Torch Wireless Expands Growth Potential

SurgePays Passes 100,000 Mobile Broadband Subscribers

BARTLETT, Tenn., April 13, 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 Company CEO Brian Cox will present and host investor meetings at the following upcoming conferences:

SurgePays, Inc Announces Upcoming Investor Conference Participation

- Company Can Now Provide Subsidized Mobile Broadband in All 50 States - - Company Can Now Provide Subsidized Mobile Broadband in All 50 States -

News for SurgePays Stock (SURG)