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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) has announced the acquisition of Torch Wireless, allowing the company to provide subsidized mobile broadband services across all 50 states through the FCC’s Affordable Connectivity Program (ACP). This acquisition is expected to enhance revenue without diluting shareholder equity, as stated by CEO Brian Cox. SurgePays aims to lower subscriber acquisition costs by initiating a nationwide online enrollment. Torch Wireless also contributes as a licensed lifeline carrier, further strengthening SurgePays' market position.
SurgePays reported a revenue of $51.1 million for 2021, down from $54.4 million in 2020, yet improved its gross profit to $6.2 million from $2.5 million. Gross margin increased to 12.1%. The net loss widened to $(13.5) million compared to $(10.7) million in 2020, but adjusted EBITDA loss narrowed to $(3.9) million from $(8.1) million. SurgePays expects total revenues of at least $130 million and adjusted EBITDA of at least $15 million in 2022, fueled by growth in its mobile broadband subscriber base.
SurgePays, Inc. (Nasdaq: SURG) announced that CEO Brian Cox will present at the 2022 Virtual Growth Conference hosted by Maxim Group LLC from March 28-30. Cox's fireside chat is scheduled for March 29, 11:30am – 12:00pm ET. The event will gather executives from various sectors including Biotech, Clean Energy, and Fintech, featuring presentations, discussions, and live Q&A sessions. Investors can participate by signing up as members on M-Vest. SurgePays focuses on technology and telecommunications, providing services to underbanked communities.
SurgePays, Inc. (Nasdaq: SURG) will host a live conference call on March 24, 2022, at 4:30 PM ET to discuss its full-year 2021 earnings. The webcast can be accessed on the company’s investor relations website. SurgePays focuses on providing telecommunications and financial services to underbanked consumers. Its offerings include mobile broadband and a fintech platform designed to convert local corner stores into tech hubs for underserved neighborhoods.
SurgePays (Nasdaq: SURG) has announced a new rewards program for shareholders in partnership with TiiCKER, launched on March 17, 2022. The Shareholder Loyalty Program aims to enhance engagement and reward ownership through benefits like unlimited wireless service, free Bitcoin, and gift cards. The program is designed to strengthen connections with retail investors, recognizing their value to the company. SurgePays leverages TiiCKER's platform for improved communication and offers exclusive perks to enhance shareholder value, emphasizing the importance of loyalty in driving brand engagement.
SurgePays, Inc. (Nasdaq: SURG) reported over $5 million in sales revenue for February 2022, driven by its mobile broadband subsidiary, SurgePhone Wireless. The company added 63,000 subscribers, significantly exceeding earlier targets. CEO Brian Cox anticipates reaching all 50 states within 30-45 days, aiming for over 200,000 subscribers in 2022. SurgePhone is licensed to offer subsidized services in 14 states, assisting low-income households through the Affordable Connectivity Program. Preliminary revenue estimates remain subject to auditing adjustments.
SurgePays, Inc. (Nasdaq: SURG) has announced its participation in the Q1 Virtual Investor Summit on March 9, 2022. Brian Cox, the CEO, will engage in one-on-one meetings with investors and host a virtual presentation at 11:45 a.m. Eastern time.
Registration for the event is mandatory. SurgePays focuses on providing technology and telecommunications services to underbanked and underserved communities, including mobile broadband through SurgePhone Wireless and a blockchain fintech platform.
SurgePays, Inc. (Nasdaq: SURG) announced a record growth milestone, achieving 1,500 new subscribers in a single day. The Company’s subsidiary, SurgePhone Wireless, provides essential financial services and is witnessing rapid growth with subscriber totals reaching 45,000 by January 2022. Revenue projections show a significant increase, with estimates approaching $3.8 million for January alone. CEO Brian Cox expressed optimism about continuing the growth trajectory and exploring additional revenue streams. SurgePhone operates as an MVNO, utilizing AT&T and T-Mobile networks to serve the underbanked.
SurgePays, Inc. (Nasdaq: SURG) will present at the 2nd Annual Winter Wonderland Best Ideas Virtual Investor Conference from February 8-11, 2022. Management’s virtual presentation is scheduled for February 9, 2022, from 4:00 PM to 4:25 PM ET. Investors can also participate in 1x1 meetings on February 10 and 11. SurgePays offers essential financial services to the underbanked through a blockchain platform designed to convert neighborhood stores into tech-hubs, enhancing access to financial products.
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