Welcome to our dedicated page for Surgepays news (Ticker: SURGW), a resource for investors and traders seeking the latest updates and insights on Surgepays stock.
SurgePays, Inc. is a technology company with a focus on the underbanked community, offering services in telecommunications, fintech, and blockchain-oriented technologies. After a major reorganization merger in April 2018, Surge Holdings eliminated convertible debt, strengthened balance sheets, and uplisted to the OTCQB. The company now controls marketing arms, online distribution, merchant network distribution, and payment mechanisms, providing no-contract communication and financial technology services to the millennial population. Through DigitizeIQ and SurgePays, the company situates products in front of customers physically and through social media. Led by CEO Brian Cox, SurgePays is at the forefront of innovative tech solutions.
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SurgePays to participate in NACS Show 2023, showcasing financial technology services for convenience stores.
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SurgePays, Inc. (Nasdaq: SURG) reported a net income of $6.0 million, revenue of $35.9 million, and EPS of $0.42 for the second quarter of 2023. The gross profit margin increased to 27.9%, and EBITDA reached $6.4 million, marking a significant improvement over the previous year.
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SurgePays, Inc. (Nasdaq: SURG) announced a live conference call and webcast to discuss its second quarter 2023 earnings on August 10, 2023, at 5:00pm ET. The call can be accessed at 2Q23 Webcast Link or on the company’s investor relations website. Telephone access is available at 844-481-2822 (in the U.S.) or 412-317-0681 (outside U.S.). A telephone replay will be available until August 24, 2023.
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SurgePays, Inc. (Nasdaq: SURG) announced a partnership agreement between its distribution partner, ParichuteConnect, and the Boys & Girls Clubs of America Native Services to launch an Affordable Connectivity Program (ACP) enrollment process using SurgePays’ platform for members on Native Lands.
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SurgePays partners with LeadEx Solutions to expand reach to underbanked consumers through ATMs
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SurgePays, Inc. provides a company update to address a recent report containing errors and misleading content. The company asserts that its controls and procedures are compliant and that it contracts a third-party compliance company. SurgePays expects to report a net income of over $6 million in the second quarter and remains focused on its growth strategy. The company also states that its accounting records are accurate and its financial results are correctly reported.
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SurgePays, Inc. (Nasdaq: SURG) announced its financial results for the first quarter of 2023. Highlights include a 64% increase in revenue, gross profit of $7.7 million, net income of $4.5 million, and EBITDA of $5.0 million. The company expects total revenues of at least $190 million and positive operating cash flow in 2023.
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SurgePays, Inc. (Nasdaq: SURG) is now available for trading on Upstream, the trading app for digital securities and NFTs. SurgePays also offers a free digital collectible NFT to commemorate the dual listing. Global shareholders can trade SurgePays shares by downloading Upstream and completing a simple KYC verification. Trading will commence when an existing shareholder places an offer for sale on Upstream. More details can be found at https://ir.surgepays.com/.
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FAQ
What is the current stock price of Surgepays (SURGW)?
The current stock price of Surgepays (SURGW) is $0.0087 as of February 7, 2025.
What services does SurgePays, Inc. offer?
SurgePays, Inc. provides telecommunications, fintech, and blockchain-oriented technologies targeting the underbanked community.
When did the major reorganization merger of SurgePays, Inc. take place?
The major reorganization merger of SurgePays, Inc. occurred in April 2018.
Who leads SurgePays, Inc. as its CEO?
CEO Brian Cox leads SurgePays, Inc. with a focus on innovative tech solutions.
What competitive advantage does SurgePays, Inc. offer?
SurgePays, Inc. provides no-contract communication and financial technology services to the millennial population.
How does SurgePays, Inc. reach customers?
Through DigitizeIQ and SurgePays, Inc. situates products in front of customers physically and through social media.
What makes SurgePays, Inc. stand out in the tech industry?
SurgePays, Inc. ranks as the 345th fastest-growing tech company in North America according to the 2023 Deloitte Technology Fast 500.
What are the primary segments of operation for SurgePays, Inc.?
The primary segments of operation include Mobile Virtual Network Operators, Comprehensive Platform Services, Lead Generation, and others.
How does SurgePays, Inc. generate revenue?
SurgePays, Inc. generates revenue primarily from its Mobile Virtual Network Operator segment.
What are the future plans or expansions for SurgePays, Inc.?
The company plans to expand revenue in its non-ACP (Affordable Connectivity Program) businesses and enhance the prepaid customer experience.
What cautionary note should be considered regarding forward-looking statements related to SurgePays, Inc.?
Forward-looking statements involve substantial risks and uncertainties and are subject to various factors beyond the company's control, as highlighted in the press release.
Surgepays
Nasdaq:SURGW
SURGW Rankings
SURGW Stock Data
13.39M
Software - Application
Telephone Communications (no Radiotelephone)
United States
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