Welcome to our dedicated page for SurgePays Warrant news (Ticker: SURGW), a resource for investors and traders seeking the latest updates and insights on SurgePays Warrant 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.
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.
SurgePays, Inc. (Nasdaq: SURG) will host a live conference call and webcast on May 16, 2022, at 9:00 AM ET to discuss its first quarter 2022 earnings. The event can be accessed through a webcast link on their investor relations site. Participants can join via telephone by dialing designated numbers. A replay will be available after the call until May 30, 2022. SurgePays focuses on providing technology solutions for the underbanked, offering mobile broadband and fintech products to underserved communities.
SurgePays, Inc. (Nasdaq: SURG) announced the acquisition of Torch Wireless, enhancing its mobile broadband service through its subsidiary SurgePhone Wireless. The company has surpassed 100,000 subscribers within a recent timeframe and aims to double this count rapidly, leveraging the Affordable Connectivity Program to serve the underbanked. SurgePhone and Torch are licensed to operate in all 50 states, utilizing major network infrastructures for reliable internet access.
BARTLETT, Tenn., April 13, 2022 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) announces CEO Brian Cox will present at two upcoming conferences. The first is the Noble Capital Markets 18th Small and Microcap Investor Conference in Hollywood, FL from April 19-21, with SurgePays' presentation scheduled for April 20 at 11:30 am ET. The second is the SNN Network Planet MicroCap Showcase in Las Vegas, NV from May 3-5, with SurgePays presenting on May 4 at 4:00 pm PT. Registration is required for both events. For more details, visit their official pages.
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, 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.
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