Welcome to our dedicated page for SurgePays news (Ticker: $SURG), a resource for investors and traders seeking the latest updates and insights on SurgePays stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SurgePays's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SurgePays's position in the market.
Rhea-AI Summary
SurgePays, Inc. (Nasdaq: SURG) has announced the commencement of an underwritten public offering of shares of its common stock. The company also intends to grant the underwriters a 45-day option to purchase up to an additional 15% of the aggregate number of shares sold in the offering. The offering is being made pursuant to an effective 'shelf' registration statement previously filed with the SEC. The shares of common stock may be offered only by means of a prospectus supplement and the accompanying prospectus. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities.
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End-of-Day
-13.64%
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Rhea-AI Summary
SurgePays, Inc. appoints Jeremy Gies as President, leveraging his extensive experience in telecom and fintech to drive sales growth, operational efficiency, M&A, and new product initiatives. Gies will focus on expanding the convenience store network, increasing store transactions, and wireless subscribers. His background includes leadership roles at Honeywell, Tiercel Wireless, Wave Crest Payment Services, and telSPACE, as well as co-founding Blue Horizon Group.
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SurgePays, Inc. (Nasdaq: SURG) appoints D. Garth Billstin as the vice president of sales to focus on increasing wireless subscribers and growing revenues. Billstin brings over 30 years of tech growth company experience and will work to expand the company's network of convenience stores and increase revenues from prepaid wireless subscriber services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.94%
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SurgePays, Inc. (Nasdaq: SURG) has closed an asset purchase agreement to acquire the software development and POS equipment of ClearLine Mobile, aiming to increase sales within stores and elevate technological capabilities. The acquisition is expected to drive new wireless subscribers, promote ancillary products, and open up revenue opportunities in the future. SurgePays anticipates the POS fixtures to be a catalyst for higher revenue per store and nationwide expansion without the need for constant store management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.25%
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Rhea-AI Summary
SURG - SurgePays, Inc. (Nasdaq: SURG) reports net income of $7.1 million, revenue of $34.2 million, and EPS of $0.49 for the third quarter of 2023. The company also achieved EBITDA of $7.5 million and expanded gross profit margin to 30.7%. SurgePays focuses on providing technology and telecom services to the underbanked and underserved communities in the United States, with a goal to build the largest direct distribution network of underbanked products and services to convenience stores.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.5%
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SurgePays (SURG) Achieves 372% Revenue Growth, Ranks 345th on Deloitte Technology Fast 500™
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Rhea-AI Sentiment
End-of-Day
2.51%
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SurgePays, Inc. will host a live conference call and webcast on November 14, 2023, to discuss its third quarter 2023 earnings. The call can be accessed through the company's investor relations website or by telephone. A replay will be available afterwards.
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Rhea-AI Sentiment
End-of-Day
1.79%
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SurgePays, Inc. has hired Gary Chekan as Director of Revenue Assurance and Financial Technology. Chekan's experience in leading finance organizations at telecom companies will help SurgePays with wireless revenue assurance, forecasting, and margin efficiencies. He will also oversee reporting consolidation and create centralized sales revenue and back-office visibility. Chekan's expertise will be valuable for the launch of SurgePays' prepaid wireless brand, LinkUp Mobile.
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Rhea-AI Sentiment
End-of-Day
-1.58%
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SurgePays partners with ClearLine Mobile to launch LCD tablet interface for convenience store checkout registers, expects higher revenue per store and expansion nationwide
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End-of-Day
7.34%
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SurgePays to participate in NACS Show 2023, showcasing financial technology services for convenience stores.
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Rhea-AI Sentiment
End-of-Day
-2.79%
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SurgePays, Inc.
Nasdaq:SURG
SURG Rankings
SURG Stock Data
82.72M
13.61M
29.47%
7.46%
5.4%
Wireless Telecommunications Carriers (except Satellite)
Information
United States of America
BARTLETT
About SURG
surge holdings is a technology company that has ventures and provides services in telecommunications, fintech and blockchain-oriented technologies. surge holdings completed a major reorganization merger in april 2018. before the merger completed, the management team eliminated all convertible debt, strengthened the balance sheets, brought current all sec filings, and uplisted the company to the otcqb. surge now has complete control of the marketing arm, the online distribution, the physical merchant network distribution and the payment mechanisms for all of our existing products as well as new products under development. the result is a competitive advantage delivering no-contract communication and financial technology services to the unbanked, under-banked, the overlooked and unhappily banked millennial population. digitizeiq and surgepays situate surge products in front of customers physically where they shop or through social media. led by “ahead of the game” ceo brian cox, the mana