SurgePays, Inc., through its subsidiaries, provides telecommunication services in the United States. It offers discounted and free wireless services for federal programs, such as SNAP (EBT) and Medicaid; subsidized wireless service to qualifying low income customers; repaid wireless plans with talk, text, and 4G LTE data; and client acquisition and retention services for attorneys and law firms by operating digital marketing campaigns. The company also provides financial technology tech and wireless top-up platform; and SurgePays Blockchain software, an e-commerce platform, which offer wholesale goods and services direct to convenience stores, bodegas, minimarts, tiendas, and other corner stores. In addition, it provides sales support, customer, IT infrastructure design, graphic media, database programming, software development, revenue assurance, lead generation, call center support, and other services. The company was formerly known as Surge Holdings, Inc. and changed its name to SurgePays, Inc. in November 2020. SurgePays, Inc. is headquartered in Bartlett, Tennessee.
IPO Year:
Exchange: NASDAQ
Website: surgepays.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/13/2024 | Buy → Hold | Maxim Group | |
| 2/28/2022 | $6.00 | Buy | Maxim Group |
| 1/24/2022 | $7.00 | Buy | Ascendiant Capital |
Former AT&T senior executive to spearhead delivery of innovative wireless products and services in value market segment BARTLETT, Tenn., July 9, 2024 /PRNewswire/ -- Joseph Gomez, a senior telecommunications industry executive with extensive experience in sales, marketing, and business development, has been appointed vice president of MVNO Operations for SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved. In his role, a new position within the company, he will be responsible for driving the
BARTLETT, Tenn., Feb. 16, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecommunications company focused on the underbanked and underserved communities, announced today the appointment of Fintech and prepaid industry veteran Derron Winfrey as vice president, business development of the Company. Mr. Winfrey is a successful serial entrepreneur, having launched several check processing, prepaid software, ATM, and other companies in a fintech career that spans nearly 25 years. He joined SurgePays in 2019 as part of SurgePays' purchase of ECS Prepaid, which he founded and served as chief operating officer. Upon joining SurgePays, he
BARTLETT, Tenn., Jan. 09, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays"), a multiproduct company focused on the underbanked and underserved, announced today that it has closed the asset purchase agreement to acquire the software development and point-of-sale ("POS") equipment and operations of DNR Business Solutions Inc. d/b/a ClearLine Mobile ("ClearLine Mobile" or "ClearLine"). ClearLine Mobile produces a touchscreen display, positioned by the cash register, that is integrated into the SurgePays software platform and markets SurgePays products 24/7 from a central server. SurgePays can advertise its entire suite of products and services while utilizing the POS devic
BARTLETT, Tenn., Oct. 26, 2023 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a multiproduct company focused on the underbanked and underserved, announced the hiring of Gary Chekan as Director of Revenue Assurance and Financial Technology. Mr. Chekan, a seasoned telecom executive, has over 25 years of experience in leading finance organizations at large and small telecom organizations. He will oversee wireless revenue assurance, forecasting, business intelligence reporting, and margin efficiencies. Additionally, Gary will oversee reporting consolidation across multiple company software platforms, creating centralized sales revenue and back-office vis
Maxim Group downgraded SurgePays from Buy to Hold
Maxim Group initiated coverage of Surgepays with a rating of Buy and set a new price target of $6.00
Ascendiant Capital initiated coverage of Surgepays with a rating of Buy and set a new price target of $7.00
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4 - SurgePays, Inc. (0001392694) (Issuer)
Supports Enhanced Growth Across Core Business Segments BARTLETT, Tenn. and SAN SALVADOR, El Salvador, Oct. 31, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecommunications company, has officially opened its new, dedicated sales operations facility in San Salvador, El Salvador. The new facility marks a significant upgrade to the company's decade-long strategy of utilizing outsourced centers and reflects its focus on enhancing customer relationships to maximize sales opportunities. SurgePays Chairman and CEO Brian Cox com
Existing ACP Customers Can Now Opt-in to Lifeline Program BARTLETT, Tenn., Oct. 10, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecom company announced today that it has signed a Master Services Agreement (MSA) with TerraCom, Inc. ("TerraCom"), a wireless service provider and licensed Lifeline provider, effective October 3, 2024. SurgePays and TerraCom have agreed to finalize a stock purchase agreement to acquire the majority of TerraCom stock, subject to regulatory approval. SURG) (PRNewsfoto/SurgePays)" alt="SurgePays, Inc. (NASDAQ:SURG) (PRNewsfoto/SurgePays)">
BARTLETT, Tenn., Aug. 22, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved communities, announces today that it is commencing its previously authorized stock repurchase program of up to $5 million in SurgePays' common stock. SURG) (PRNewsfoto/SurgePays)" alt="SurgePays, Inc. (NASDAQ:SURG) (PRNewsfoto/SurgePays)"> Chairman and CEO Brian Cox commented, "We recognize that the delay in ACP funding has adversely impacted our business and stock price. Therefore, we believe it
$5 Million Share Repurchase Authorized BARTLETT, Tenn., Aug. 13, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved, today announced its financial results for the second quarter ended June 30, 2024. SURG) (PRNewsfoto/SurgePays)" alt="SurgePays, Inc. (NASDAQ:SURG) (PRNewsfoto/SurgePays)"> Management Commentary Chairman and CEO Brian Cox commented on the quarter's results, "The second quarter of 2024 begins a transition phase for SurgePays. ACP funding has run out and ther
BARTLETT, Tenn., Aug. 8, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), will release its second quarter 2024 financial results after the close of trading on Tuesday, August 13, 2024. On the same day, at 5:00 pm ET, management will host a conference call to discuss its financial results. SURG)" alt="SurgePays, Inc. (NASDAQ:SURG)"> The live webcast of the call can be accessed on the company's investor relations website at ir.surgepays.com, or by registering at the following link: Second Quarter Financial Results Call. Telephone access to the ca
The digital software as a service marketing platform, newly integrated with Clover and PAX devices, provides an integrated solution for retailers to boost sales and customer engagement BARTLETT, Tenn. and LAS VEGAS, July 24, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), announces its subsidiary, ClearLine, will launch its innovative point-of-sale (POS) marketing solution at this month's RSPA RetailNOW Conference in Las Vegas. The ClearLine digital marketing platform and touchscreen display provides a highly efficient turnkey solution for merchants seeking to boost retail sales through increased customer engagement by allowing merchants to capture more cu
Former AT&T senior executive to spearhead delivery of innovative wireless products and services in value market segment BARTLETT, Tenn., July 9, 2024 /PRNewswire/ -- Joseph Gomez, a senior telecommunications industry executive with extensive experience in sales, marketing, and business development, has been appointed vice president of MVNO Operations for SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved. In his role, a new position within the company, he will be responsible for driving the
BARTLETT, Tenn., June 06, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved, announced today that they have launched the LinkUp Mobile website, www.linkupmobile.com, and are well underway in the national rollout. CEO Brian Cox stated, "We are excited to deliver this service to the expanding robust prepaid market in North America. We aim to revolutionize the industry with our unique subscription model. Subscribers enjoy a free first month of service and ongoing savings of up to 10% each month, setting us apart from the competition. Our goal was to create operational and economic
BARTLETT, Tenn., May 13, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved, today announced its financial results for the first quarter ended March 31, 2024. Management Commentary Chairman and CEO Brian Cox commented on the quarter's results, "The first quarter of 2024 was highlighted by continued execution on our growth strategy and solid profitability. With a substantial cash balance of over $42 million and a full product suite, we believe we are well-positioned to become one of the country's largest distributors of prepaid wireless and underbanked financial technology servi
BARTLETT, Tenn., May 06, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecommunications company focused on the underbanked and underserved communities announced today that management will host a live conference call and webcast to discuss its first quarter 2024 earnings on May 13, 2024, at 5:00pm ET. The live webcast of the call can be accessed at 1Q24 Webcast Link, as well as on the company's investor relations website at ir.surgepays.com. Telephone access to the call will be available at 877-407-0784 (in the U.S.) or by dialing 201-689-8560 (outside U.S.). A telephone replay will be available approximately one hour following
$5 Million Share Repurchase Authorized BARTLETT, Tenn., Aug. 13, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved, today announced its financial results for the second quarter ended June 30, 2024. SURG) (PRNewsfoto/SurgePays)" alt="SurgePays, Inc. (NASDAQ:SURG) (PRNewsfoto/SurgePays)"> Management Commentary Chairman and CEO Brian Cox commented on the quarter's results, "The second quarter of 2024 begins a transition phase for SurgePays. ACP funding has run out and ther
BARTLETT, Tenn., Aug. 8, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), will release its second quarter 2024 financial results after the close of trading on Tuesday, August 13, 2024. On the same day, at 5:00 pm ET, management will host a conference call to discuss its financial results. SURG)" alt="SurgePays, Inc. (NASDAQ:SURG)"> The live webcast of the call can be accessed on the company's investor relations website at ir.surgepays.com, or by registering at the following link: Second Quarter Financial Results Call. Telephone access to the ca
BARTLETT, Tenn., May 13, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved, today announced its financial results for the first quarter ended March 31, 2024. Management Commentary Chairman and CEO Brian Cox commented on the quarter's results, "The first quarter of 2024 was highlighted by continued execution on our growth strategy and solid profitability. With a substantial cash balance of over $42 million and a full product suite, we believe we are well-positioned to become one of the country's largest distributors of prepaid wireless and underbanked financial technology servi
BARTLETT, Tenn., May 06, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecommunications company focused on the underbanked and underserved communities announced today that management will host a live conference call and webcast to discuss its first quarter 2024 earnings on May 13, 2024, at 5:00pm ET. The live webcast of the call can be accessed at 1Q24 Webcast Link, as well as on the company's investor relations website at ir.surgepays.com. Telephone access to the call will be available at 877-407-0784 (in the U.S.) or by dialing 201-689-8560 (outside U.S.). A telephone replay will be available approximately one hour following
2023 Revenue of $137.1 million2023 Net income of $20.6 million2023 $22.3 million EBITDA2023 EPS of $1.39Gross profit margin increased to 26% BARTLETT, Tenn., March 12, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved, today announced its financial results for the fourth quarter and full year ended December 31, 2023. Full Year 2023 and Fourth Quarter Highlights Revenue of $137.1 million for the full year 2023 and $32.3 million for the fourth quarter, changes of 13% and -11% over the prior year periods, respectively.Gross profit of $35.6 million for the full year 2023 a
BARTLETT, Tenn., March 05, 2024 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecommunications company focused on the underbanked and underserved communities announced today that management will host a live conference call and webcast to discuss its fourth quarter and full year 2023 earnings on March 12, 2024, at 5:00pm ET. The live webcast of the call can be accessed at 4Q23 Webcast Link, as well as on the company's investor relations website at ir.surgepays.com. Telephone access to the call will be available at 800-267-6316 (in the U.S.) or by dialing 203-518-9783 (outside U.S.) using the conference ID: SURGE. A telephone replay w
Net income of $7.1 millionRevenue of $34.2 millionEPS of $0.49$7.5 million EBITDAGross profit margin increased to 30.7% BARTLETT, Tenn., Nov. 14, 2023 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved, today announced its financial results for the third quarter ended September 30, 2023. Third quarter 2023 Financial Highlights Net income of $7.1 million in the third quarter 2023, compared to a net loss of $(1.5) million in the third quarter 2022.Third quarter 2023 EBITDA of $7.5 million compared to a third quarter 2022 EBITDA loss of $(0.8) million.Revenue of $34.2 million in the t
BARTLETT, Tenn., Nov. 02, 2023 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecommunications company focused on the underbanked and underserved, announced today that management will host a live conference call and webcast to discuss its third quarter 2023 earnings on November 14, 2023, at 5:00pm ET. The live webcast of the call can be accessed at 3Q23 Webcast Link , as well as on the company's investor relations website at ir.surgepays.com. Telephone access to the call will be available at 844-825-9789 (in the U.S.) or by dialing 412-317-5180 (outside U.S.). A telephone replay will be available approximately one hour followin
Net income of $6.0 millionRevenue of $35.9 millionEPS of $0.42$6.4 million EBITDAGross profit margin increased to 27.9% BARTLETT, Tenn., Aug. 10, 2023 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecom company focused on the underbanked and underserved, today announced its financial results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Highlights Net income of $6.0 million in the second quarter 2023, compared to a net loss of $(1.0) million in the second quarter 2022.Revenue of $35.9 million in the second quarter 2023, an increase of 28% over the second quarter 2022.Gross profit of $10.0 mill
BARTLETT, Tenn., Aug. 03, 2023 (GLOBE NEWSWIRE) -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecommunications company focused on the underbanked and underserved, announced today that management will host a live conference call and webcast to discuss its second quarter 2023 earnings on August 10, 2023, at 5:00pm ET. The live webcast of the call can be accessed at 2Q23 Webcast Link, as well as on the company's investor relations website at ir.surgepays.com. Telephone access to the call will be available at 844-481-2822 (in the U.S.) or by dialing 412-317-0681 (outside U.S.). A telephone replay will be available approximately one hour following comple
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Ascendiant Capital analyst Edward Woo maintains Surgepays (NASDAQ:SURG) with a Buy and lowers the price target from $10 to $9.5.
Gainers AMC Enter Hldgs (NYSE:AMC) shares moved upwards by 10.5% to $5.74 during Monday's after-market session. The company's market cap stands at $1.6 billion. As per the news, the Q1 earnings report came out 3 days ago. Surgepays (NASDAQ:SURG) shares moved upwards by 7.95% to $4.07. The company's market cap stands at $78.4 million. As per the news, the Q1 earnings report came out today. BuzzFeed (NASDAQ:BZFD) shares moved upwards by 6.12% to $2.25. The market value of their outstanding shares is at $82.3 million. As per the news, the Q1 earnings report came out today. Eventbrite (NYSE:EB) stock moved upwards by 4.59% to $5.69. The market value of their outstanding shares is at $552.5 m
Surgepays (NASDAQ:SURG) reported quarterly earnings of $0.07 per share which missed the analyst consensus estimate of $0.20 by 65 percent. The company reported quarterly sales of $31.429 million which beat the analyst consensus estimate of $29.907 million by 5.09 percent. This is a 9.62 percent decrease over sales of $34.776 million the same period last year.
Ascendiant Capital analyst Edward Woo maintains Surgepays (NASDAQ:SURG) with a Buy and lowers the price target from $11.5 to $10.
Shares of Clover Health Investments, Corp. (NASDAQ:CLOV) rose sharply during Wednesday’s session after the company reported better-than-expected fourth-quarter revenue results and issued FY24 insurance revenue guidance. Clover Health Investments reported quarterly sales of $510.3 million which beat the analyst consensus estimate of $480.25 million by 6.26% and represents a 43.22% decrease over sales of $898.79 million the same period last year. Clover Health Investments shares climbed 11.2% to $0.8537 on Wednesday. Here are some other stocks moving in today's mid-day session. Gainers Gaxos.ai Inc. (NASDAQ:GXAI) shares jumped 128.9% to $12.18 after the company announced it acquired t
Maxim Group analyst Michael Diana downgrades Surgepays (NASDAQ:SURG) from Buy to Hold.
U.S. stocks traded mixed this morning, with the Nasdaq Composite falling around 50 points on Wednesday. Following the market opening Wednesday, the Dow traded up 0.08% to 39,037.74 while the NASDAQ fell 0.37% to 16,206.04. The S&P 500 also rose, gaining, 0.11% to 5,169.68. Check This Out: Top 4 Tech And Telecom Stocks That May Explode This Month Leading and Lagging Sectors Energy shares jumped by 1.6% on Wednesday. In trading on Wednesday, information technology shares fell by 0.9%. Top Headline Williams-Sonoma, Inc. (NYSE:WSM) posted better-than-expected earnings for its fourth quarter on Wednesday. Williams-Sonoma posted quarterly earnings of $5.44 per share, beating
Shares of SurgePays, Inc. (NASDAQ:SURG) fell sharply in today’s pre-market trading after the company reported worse-than-expected fourth-quarter financial results. Surgepays posted GAAP earnings of 19 cents per share, missing market estimates of 41 cents per share. The company’s quarterly sales came in at $32.318 million versus expectations of $33.521 million, according to data from Benzinga Pro. SurgePays shares dipped 14.6% to $5.97 in pre-market trading Here are some other stocks moving in pre-market trading. Gainers NuCana plc (NASDAQ:NCNA) gained 99.6% to $0.7806 in pre-market trading after the company was granted U.S. Patent #11925658 for "Phosphoramidate Derivatives For Use I