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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Agreement with AT&T Enables SurgePays to Offer Full Range of Mobile Wireless, Voice, Data and Messaging Services on the Nation's Largest Wireless Network BARTLETT, Tenn. , Nov. 21, 2024 /PRNewswire/ -- SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a technology and telecommunications company, has executed an agreement with AT&T enabling SurgePays to offer mobile wireless, voice, data and messaging services.

SurgePays Establishes Strategic Agreement with AT&T

SurgePays, Inc. (SURG) came out with a quarterly loss of $0.73 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to earnings of $0.49 per share a year ago.

SurgePays, Inc. (SURG) Reports Q3 Loss, Misses Revenue Estimates

SurgePays, Inc. (NASDAQ:SURG ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 AM ET Company Participants Conference Call Participants Operator Good day, everyone and welcome to the SurgePays Third Quarter 2024 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation.

SurgePays, Inc. (SURG) Q3 2024 Earnings Call Transcript

Migration of former ACP Subscribers to Lifeline Well Underway BARTLETT, Tenn. , Nov. 12, 2024 /PRNewswire/ -- SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a bridging critical financial and connectivity gaps in underserved communities, today announced its financial results for the third quarter ended September 30, 2024.

SurgePays Announces Third Quarter 2024 Financial Results

BARTLETT, Tenn. , Nov. 5, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ: SURG) ("SurgePays" or the "Company"), a technology and telecommunications company, will release its third quarter 2024 financial results after the close of trading on Tuesday, November 12, 2024.

SurgePays Announces Third Quarter 2024 Earnings Release and Conference Call

Supports Enhanced Growth Across Core Business Segments BARTLETT, Tenn. and SAN SALVADOR, El Salvador , Oct. 31, 2024 /PRNewswire/ -- SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a technology and telecommunications company, has officially opened its new, dedicated sales operations facility in San Salvador, El Salvador.

SurgePays Opens Dedicated Sales and Operations Center in El Salvador

Existing ACP Customers Can Now Opt-in to Lifeline Program BARTLETT, Tenn. , Oct. 10, 2024 /PRNewswire/ -- SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a technology and telecom company announced today that it has signed a Master Services Agreement (MSA) with TerraCom, Inc. ("TerraCom"), a wireless service provider and licensed Lifeline provider, effective October 3, 2024.

SurgePays Announces Master Services Agreement with TerraCom, Inc.

BARTLETT, Tenn. , Aug. 22, 2024 /PRNewswire/ -- SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved communities, announces today that it is commencing its previously authorized stock repurchase program of up to $5 million in SurgePays' common stock.

SurgePays Announces Commencement of Share Repurchase Program

Surgepays (NASDAQ: SURG ) stock is falling hard on Wednesday after the financial technology and telecom company announced its earnings for the second quarter of 2024. The bad news from this earnings report includes the company's diluted EPS of -66 cents.

Why Is Surgepays (SURG) Stock Down 21% Today?

SurgePays, Inc. (NASDAQ:SURG ) Q2 2024 Earnings Conference Call August 13, 2024 5:00 PM ET Company Participants Brian Cox - President & Chief Executive Officer Tony Evers - Chief Financial Officer Conference Call Participants Anja Soderstrom - Sidoti Curtis Shauger - Water Tower Research Ed Woo - Ascendiant Capital Operator Greetings. Welcome to SurgePays Second Quarter 2024 Earnings Conference Call.

SurgePays, Inc. (SURG) Q2 2024 Earnings Call Transcript

SurgePays, Inc. (SURG) came out with a quarterly loss of $0.66 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to earnings of $0.40 per share a year ago.

SurgePays, Inc. (SURG) Reports Q2 Loss, Tops Revenue Estimates

$5 Million Share Repurchase Authorized BARTLETT, Tenn. , Aug. 13, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ: SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved, today announced its financial results for the second quarter ended June 30, 2024.

SurgePays Announces Second Quarter 2024 Financial Results

BARTLETT, Tenn. , Aug. 8, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ: SURG) ("SurgePays" or the "Company"), will release its second quarter 2024 financial results after the close of trading on Tuesday, August 13, 2024.

SurgePays Announces Second Quarter 2024 Earnings Release and Conference Call

The digital software as a service marketing platform, newly integrated with Clover and PAX devices, provides an integrated solution for retailers to boost sales and customer engagement BARTLETT, Tenn. and LAS VEGAS , July 24, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ: SURG) ("SurgePays" or the "Company"), announces its subsidiary, ClearLine, will launch its innovative point-of-sale (POS) marketing solution at this month's RSPA RetailNOW Conference in Las Vegas.

ClearLine to Unveil its Innovative SaaS Retail Point-of-Sale Marketing Solutions at RSPA RetailNOW Conference

Former AT&T senior executive to spearhead delivery of innovative  wireless products and services in value market segment BARTLETT, Tenn. , July 9, 2024 /PRNewswire/ -- Joseph Gomez, a senior telecommunications industry executive with extensive experience in sales, marketing, and business development, has been appointed vice president of MVNO Operations for SurgePays, Inc. (NASDAQ: SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved.

SurgePays Appoints Joseph Gomez as Vice President of MVNO Operations

BARTLETT, Tenn., June 06, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ: SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved, announced today that they have launched the LinkUp Mobile website, www.linkupmobile.com, and are well underway in the national rollout.

SurgePays, Inc. Announces Launch of Prepaid Wireless Brand LinkUp Mobile

SurgePays, Inc. (NASDAQ:SURG ) Q1 2024 Earnings Conference Call May 13, 2024 5:00 PM ET Company Participants Quinn Callanan - Investor Relations Brian Cox - President and Chief Executive Officer Tony Evers - Chief Financial Officer Conference Call Participants Ed Woo - Ascendiant Capital Curtis Shauger - Water Tower Research Anja Soderstrom - Sidoti & Co Operator Greetings and welcome to the SurgePays Q1 2024 Earnings. At this time all participants are in a listen-only mode.

SurgePays, Inc. (SURG) Q1 2024 Earnings Call Transcript

BARTLETT, Tenn., May 13, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecom company focused on the underbanked and underserved, today announced its financial results for the first quarter ended March 31, 2024.

SurgePays Announces First Quarter 2024 Financial Results

BARTLETT, Tenn., May 06, 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 first quarter 2024 earnings on May 13, 2024, at 5:00pm ET.

SurgePays Announces First Quarter 2024 Earnings Release and Conference Call

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BARTLETT, Tenn., April 18, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecom company focused on the underbanked and underserved, today announced that Chairman and CEO Brian Cox, will be participating in the Water Tower Research Fireside Chat Series on Tuesday, April 23, 2024, at 11:00am ET.

SurgePays to Participate in Water Tower Fireside Chat Series

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