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. serves underbanked and underserved communities with a focus on lower-income families. The company has low institutional ownership, but insiders own nearly 30% of the company's outstanding shares. SurgePays is well-positioned as a high-growth play supported by a profitable business model. However, its relatively low valuation suggests the market hasn't turned too optimistic.

SurgePays: Too Cheap To Ignore For A High-Growth Telco Play

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BARTLETT, Tenn., Jan. 23, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecom company focused on the underbanked and underserved communities, announced today that it has entered into a distribution agreement with SIN PIN, a telecommunications service provider to immigrant communities in the US, which we believe will drive wireless subscriber growth in the Hispanic community.

SurgePays Announces Strategic Partnership with SIN PIN

BARTLETT, Tenn., Jan. 22, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays”), a technology and telecom company focused on the underbanked and underserved communities, announced today the closing of its previously announced underwritten public offering of 2,678,571 shares of its common stock. Each share of common stock was sold at a price to the public of $5.60 per share of common stock. The gross proceeds to SurgePays from this offering are expected to be approximately $15 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by SurgePays.

SurgePays Announces Closing of $15 Million Public Offering

BARTLETT, Tenn., Jan. 17, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays”), a technology and telecom company focused on the underbanked and underserved communities, today announced that it has priced its previously announced underwritten public offering of 2,678,571 shares of its common stock at an offering price of $5.60 per share of common stock led by certain new and existing institutional investors. SurgePays has granted the underwriters a 45-day option to purchase up to 401,785 additional shares of its common stock sold in the offering on the same terms and conditions. The Company expects to close the offering on January 22, 2024, subject to customary conditions.

SurgePays Announces Pricing of $15 Million Public Offering

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BARTLETT, Tenn., Jan. 17, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) (“SurgePays”), a technology and telecom company focused on the underbanked and underserved communities, today announced that it has commenced an underwritten public offering of shares of its common stock. SurgePays also intends to grant the underwriters a 45-day option to purchase up to an additional 15% of the aggregate number of shares of its common stock sold in the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. All of the shares of common stock to be sold in the proposed offering will be sold by SurgePays.

SurgePays Announces Proposed Public Offering

Fueled by Over Twenty-Five Years of Experience in Telecom and Fintech, Mr. Gies will Spearhead Sales Growth, Operations, M&A, and New Product Initiatives Fueled by Over Twenty-Five Years of Experience in Telecom and Fintech, Mr. Gies will Spearhead Sales Growth, Operations, M&A, and New Product Initiatives

Jeremy Gies Appointed to President of SurgePays, Inc.

Senior sales executive to focus on increasing wireless subscribers and growing revenues Senior sales executive to focus on increasing wireless subscribers and growing revenues

Garth Billstin Named Vice President of Sales for SurgePays

Software and POS Devices Company Expected to Deliver Immediate Impact Software and POS Devices Company Expected to Deliver Immediate Impact

SurgePays Acquires ClearLine Mobile

SurgePays has nice growth prospects as it expands its convenience store distribution network and improves gross margins. SurgePays also aims to drive growth through the launch of its prepaid wireless brand. While unlikely to ever command a big multiple, the stock still has room to run.

SurgePays: Convenience Store Strategy Is Working

SurgePays is a publicly traded company benefiting from the Affordable Connectivity Program and has seen revenue growth of 372% between 2019 and 2022. SurgePays offers wireless services and fintech services to underserved and underbanked populations, and plans to expand its product offerings. The company has reported strong Q3 earnings, with net income of $7.1 million, and plans to deploy more touchscreen terminals in stores.

SurgePays: Surging Profitability Leads To Opportunity

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SurgePays, Inc. (NASDAQ:SURG ) Q3 2023 Earnings Conference Call November 14, 2023 5:00 PM ET Company Participants Brian Prenoveau - IR Brian Cox - President & CEO Anthony Evers - CFO Conference Call Participants Michael Diana - Maxim Group Edward Woo - Ascendiant Capital Operator Good day, and welcome to the SurgePays' Q3 2023 Earnings Conference Call. All participants will be in a listen-only mode.

SurgePays, Inc. (SURG) Q3 2023 Earnings Call Transcript

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Net Income and Expanding Profitability Highlight Strength of the Company Net Income and Expanding Profitability Highlight Strength of the Company

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