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SurgePays, Inc. is a fintech company focused on serving the underbanked community through telecommunications, financial technology, and digital media services. The company operates in various segments including Mobile Virtual Network Operators, Comprehensive Platform Services, Lead Generation, and more. With a mission to provide services to the unbanked and underserved, SurgePays has established itself as a key player in the industry.
SurgePays, Inc. (Nasdaq: SURG) announced that CEO Brian Cox will present and host meetings at two upcoming conferences: the Microcap Rodeo Windy City Roundup on October 12-13 in Chicago, and LD Micro Main Event XV on October 25-27 in Los Angeles. Registration is required for participation in both events. SurgePays is committed to supporting the underbanked and underserved communities through its technological and telecommunications solutions, including mobile broadband services and financial products aimed at transforming local stores into tech-hubs.
SurgePays (Nasdaq: SURG) announced that CEO Brian Cox will present at the H.C. Wainwright Annual Global Investment Conference on September 12 at 11:30 a.m. ET. The event will take place at the Lotte New York Plaza Hotel from September 12-14, 2022. SurgePays focuses on providing technology and telecommunications solutions for the underbanked and underserved populations, offering mobile broadband and financial services through local stores. The presentation will be web-streamed, and 1x1 meetings are available for qualified investors.
SurgePays reported a 146% increase in revenue for Q2 2022, totaling $28.0 million, alongside a 65% growth in gross profit to $2.2 million. Despite this, the company experienced a net loss of $973,000, wider than the $214,000 net loss the previous year. EBITDA loss stood at $86,000. The company anticipates total revenues of at least $130 million for 2022 and expects to exceed 200,000 mobile broadband subscribers. SurgePays aims to leverage its recent CRM acquisition to enhance efficiency and customer service.
SurgePays, Inc. (Nasdaq: SURG) announced a live conference call and webcast to discuss its second quarter 2022 earnings on August 11, 2022, at 5:00pm ET. Interested parties can access the live webcast via their investor relations website or through provided telephone numbers. SurgePays focuses on technology and telecommunications services for the underbanked, offering mobile broadband and fintech solutions to empower low-income consumers nationwide. More details can be found on the company's website.
SurgePays, Inc. (NASDAQ:SURG) will host a Virtual Investor Spotlight Event on July 27, 2022, at 11:00 AM ET, featuring CEO Brian Cox. The event targets the underbanked, showcasing SurgePays' services, including SurgePhone Wireless, which offers mobile broadband to low-income consumers.
In addition, SurgePays promotes a blockchain fintech platform to empower local corner stores as technology hubs. Interested parties can access the live event and a replay for 90 days afterward via virtualinvestorco.com.
SurgePays, Inc. (Nasdaq: SURG) will host a live moderated video webcast on July 27, 2022, at 11:00 AM ET. Chairman and CEO Brian Cox will present a corporate overview, showcase recent achievements, and discuss upcoming milestones. Investors can submit questions during the event for live responses. SurgePays focuses on serving the underbanked and underserved populations through technology and telecommunications solutions. For details on participation, visit this link.
SurgePays, Inc. (Nasdaq: SURG) reports surpassing 150,000 subscribers for its mobile broadband service, SurgePhone Wireless. The company aims to enhance internet access for the underbanked and underserved across all 50 states. SurgePhone is now a licensed provider under the Affordable Connectivity Program, leveraging cloud CRM technology to attract over 300 new subscribers daily. The CEO anticipates rapid subscriber growth due to improved software efficiencies and an estimated 48 million qualifying households. SurgePays is reinvesting positive cash flow to further boost sales.
SurgePays, Inc. (Nasdaq: SURG) announces participation in an Opening Bell Ceremony at Nasdaq on July 15, 2022, celebrating its IPO success. CEO Brian Cox expresses enthusiasm, highlighting a 100% stock increase in 2022 and overall business growth. The ceremony will take place at 9:20 a.m. Eastern Time and can be viewed live. SurgePays serves underbanked communities through its technology and telecommunications services, including SurgePhone Wireless and a blockchain fintech platform. For more details, visit SurgePays.com.
SurgePays, Inc. (Nasdaq: SURG) has been selected for inclusion in the Russell Microcap® Index, effective June 24, 2022. This selection reflects the company's growth trajectory and enhances its visibility among investors. SurgePays focuses on technology and telecommunications services for underbanked communities. The Russell Microcap® Index tracks microcap companies, and membership can increase investment interest, given that approximately $10.6 trillion in assets are benchmarked against Russell indexes.
SurgePays reported strong financial results for Q1 2022, achieving $21.1 million in revenue, a 92% increase year-over-year. Gross profit also saw significant growth, reaching $2.6 million—up 133% from Q1 2021. The net loss improved to $(1.2) million from $(4.8) million in the previous year, while adjusted EBITDA loss declined to $(873) thousand. The company aims for at least $130 million in total revenues and over 200,000 mobile broadband subscribers by the end of 2022, leveraging the Affordable Connectivity Program.
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