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 |
BARTLETT, Tenn., Feb. 13, 2025 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a leading technology and wireless telecommunications company, today announced the promotion of Allison Seyler to vice president of sales. A seasoned technology executive with over 15 years of success in fintech and telecommunications sales, Seyler is the first female executive to hold this role at SurgePays—a testament to the company's commitment to leadership excellence and innovation. Seyler joined SurgePays in March 2024 as director of sales, where she made an immedi
Industry veteran brings nearly three decades of operational experience to help spearhead the expansion of company initiatives including LinkUp Mobile BARTLETT, Tenn., Jan. 24, 2025 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and wireless telecommunications company, proudly announces the appointment of Mark Garner as executive vice president. Garner, a seasoned corporate operations veteran with nearly 30 years of industry expertise, brings a proven track record of delivering innovation and growth. Since joining SurgePays in October
Agreement with AT&T Enables SurgePays to Offer Full Range of Mobile Wireless, Voice, Data and Messaging Services on the Nation's Largest Wireless Network BARTLETT, Tenn., Nov. 21, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecommunications company, has executed an agreement with AT&T enabling SurgePays to offer mobile wireless, voice, data and messaging services. SURG) (PRNewsfoto/SurgePays)" alt="SurgePays, Inc. (NASDAQ:SURG) (PRNewsfoto/SurgePays)"> The multi-year mobile virtual network operator (MVNO) agreement allo
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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10-Q - SurgePays, Inc. (0001392694) (Filer)
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10-K - SurgePays, Inc. (0001392694) (Filer)
8-K - SurgePays, Inc. (0001392694) (Filer)
BARTLETT, Tenn., Feb. 13, 2025 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a leading technology and wireless telecommunications company, today announced the promotion of Allison Seyler to vice president of sales. A seasoned technology executive with over 15 years of success in fintech and telecommunications sales, Seyler is the first female executive to hold this role at SurgePays—a testament to the company's commitment to leadership excellence and innovation. Seyler joined SurgePays in March 2024 as director of sales, where she made an immedi
Industry veteran brings nearly three decades of operational experience to help spearhead the expansion of company initiatives including LinkUp Mobile BARTLETT, Tenn., Jan. 24, 2025 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and wireless telecommunications company, proudly announces the appointment of Mark Garner as executive vice president. Garner, a seasoned corporate operations veteran with nearly 30 years of industry expertise, brings a proven track record of delivering innovation and growth. Since joining SurgePays in October
SurgePays will initiate a dedicated outbound sales team to sell GPOX products from its 100+ person operations center in El Salvador. LAS VEGAS, NV AND BARTLETT, TN / ACCESSWIRE / January 15, 2025 / GPO Plus, Inc. (OTCQB:GPOX), an AI-powered Distributor revolutionizing distribution to gas stations and convenience stores with its innovative technology-driven Direct Store Delivery (DSD) model, and SurgePays, Inc. (NASDAQ:SURG), a technology and telecommunications company, are pleased to announce a strategic partnership to develop new sales channels. SurgePays will build and direct a dedicated outbound sales team for GPOX from its new operations center in El Salvador. The outbound sales
BARTLETT, Tenn., Dec. 10, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) has fully integrated its ClearLine software marketing platform with Clover's powerful point-of-sale (POS) system, bringing cutting-edge marketing tools to small- and medium-sized businesses (SMBs) and allowing them to elevate customer engagement and loyalty. SURG) (PRNewsfoto/SurgePays)" alt="SurgePays, Inc. (NASDAQ:SURG) (PRNewsfoto/SurgePays)"> The strategic integration creates a unique opportunity for independent sales organizations (ISOs) already offering Clover payment solutions. By including Clea
New Integration Enables Advanced ClearLine-powered Tools, Seamless Wireless Activations and Expanded Solutions for Merchants Nationwide BARTLETT, Tenn., Dec. 3, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecommunications company, announces an innovative integration with LANDI Global, including the versatile LANDI M20 handheld devices. This collaboration between SurgePays and LANDI Global transforms how merchants connect with customers by seamlessly integrating advanced technology into SurgePays' enhanced portal leveraging the ClearLine Application. SURG) (PRNewsfoto/
Collaboration to Revolutionize Consumer Engagement at Retail Point-of-Sale BARTLETT, Tenn., Nov. 26, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecommunications company, has completed the integration of its ClearLine point-of-sale marketing platform with PAX Technology's lineup of smart payment terminals. SURG) (PRNewsfoto/SurgePays)" alt="SurgePays, Inc. (NASDAQ:SURG) (PRNewsfoto/SurgePays)"> This collaboration represents a new and innovative opportunity for merchants to unlock the increased potential of their existing
Agreement with AT&T Enables SurgePays to Offer Full Range of Mobile Wireless, Voice, Data and Messaging Services on the Nation's Largest Wireless Network BARTLETT, Tenn., Nov. 21, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecommunications company, has executed an agreement with AT&T enabling SurgePays to offer mobile wireless, voice, data and messaging services. SURG) (PRNewsfoto/SurgePays)" alt="SurgePays, Inc. (NASDAQ:SURG) (PRNewsfoto/SurgePays)"> The multi-year mobile virtual network operator (MVNO) agreement allo
Migration of former ACP Subscribers to Lifeline Well Underway BARTLETT, Tenn., Nov. 12, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a bridging critical financial and connectivity gaps in underserved communities, today announced its financial results for the third quarter ended September 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, "We anticipated a challenging third quarter, and we seized it as an oppo
BARTLETT, Tenn., Nov. 5, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecommunications company, will release its third quarter 2024 financial results after the close of trading on Tuesday, November 12, 2024. On the same day, at 5:00 pm ET, management will host a conference call to discuss its financial results. SURG) (PRNewsfoto/SurgePays)" alt="SurgePays, Inc. (NASDAQ:SURG) (PRNewsfoto/SurgePays)"> The live webcast of the call can be accessed on the company's investor relations website at ir.surgepays.com, or by register
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
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Migration of former ACP Subscribers to Lifeline Well Underway BARTLETT, Tenn., Nov. 12, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a bridging critical financial and connectivity gaps in underserved communities, today announced its financial results for the third quarter ended September 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, "We anticipated a challenging third quarter, and we seized it as an oppo
BARTLETT, Tenn., Nov. 5, 2024 /PRNewswire/ -- SurgePays, Inc. (NASDAQ:SURG) ("SurgePays" or the "Company"), a technology and telecommunications company, will release its third quarter 2024 financial results after the close of trading on Tuesday, November 12, 2024. On the same day, at 5:00 pm ET, management will host a conference call to discuss its financial results. SURG) (PRNewsfoto/SurgePays)" alt="SurgePays, Inc. (NASDAQ:SURG) (PRNewsfoto/SurgePays)"> The live webcast of the call can be accessed on the company's investor relations website at ir.surgepays.com, or by register
$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