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Surgepays Inc   (SURG)
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    Sector  Services    Industry Communications Services
   Industry Communications Services
   Sector  Services
 
Price: $4.6250 $0.05 1.093%
Day's High: $4.74 Week Perf: -26.59 %
Day's Low: $ 4.50 30 Day Perf: -46.96 %
Volume (M): 578 52 Wk High: $ 9.23
Volume (M$): $ 2,675 52 Wk Avg: $5.78
Open: $4.50 52 Wk Low: $3.88



 Market Capitalization (Millions $) 69
 Shares Outstanding (Millions) 15
 Employees -
 Revenues (TTM) (Millions $) 137
 Net Income (TTM) (Millions $) 21
 Cash Flow (TTM) (Millions $) 8
 Capital Exp. (TTM) (Millions $) 0

Surgepays Inc
SurgePays, Inc. is a financial technology and telecom company focused on providing essential services to the underbanked community. The Company's blockchain fintech platform utilizes a suite of financial and prepaid products to convert corner stores into tech-hubs for underbanked neighborhoods. The Company's telecom subsidiaries provide mobile broadband, voice and SMS text messaging to both subsidized and direct retail prepaid customers.
SurgePhone, a wholly owned subsidiary of SurgePays, is a mobile virtual network operator (MVNO) company with 2 branded channels of business. SurgePhone is licensed by the U.S. Federal Communications Commission (the 'FCC') to provide subsidized mobile broadband services to consumers qualifying under the federal guidelines of the Affordable Connectivity Program (the 'ACP'). The ACP (the successor program, as of March 1, 2022 to the Emergency Broadband Benefit program) provides SurgePhone up to a $100 reimbursement for the cost of each tablet device distributed and a $30 per customer, per month subsidy for mobile broadband (internet connectivity) services. SurgePhone has received approval to offer subsidized mobile broadband in these 14 states: California, Colorado, Florida, Illinois, Maryland, Mississippi, Missouri, Nevada, New Jersey, Ohio, Oklahoma, Rhode Island, Tennessee, and Texas.
LocoRabbit is the retail pure prepaid wireless offering with talk, text, and 4G LTE data at prices that are lower than other well-known prepaid competitors. Available nationwide, LocoRabbit is sold online direct to consumers through the nationwide network of convenience stores, gas stations, mini-marts, bodegas and tiendas connected to the SurgePays software platform. The SIM kits usually hang from a peg hook on the SurgePays gift card rack. Due to owning the payment platform, SurgePays is able to exclusively offer an industry high commission to the retailer for top-ups paid monthly at the client's store.
We refer to the collective operations of ECS Prepaid, LLC, a Missouri limited liability company, Electronic Check Services, Inc., a Missouri corporation, and Central States Legal Services, Inc., a Missouri corporation, as 'SurgePays Fintech.' This was previously referred to as the 'ECS Business.'
SurgePays Fintech has been a financial technology tech and wireless top-up platform for over 15 years. Through a series of transactions between October 2019 and January 2020, we acquired the ECS Business primarily for the favorable ACH banking relationship; a fintech transactions platform processing over 20,000 transactions a day at approximately 8,000 independently owned retail stores. The goal was to incorporate our blockchain components into the existing ECS Business network. As of January 1, 2021, we believe the ECS Business platform has been successfully merged into our platform with secure ledger data backups and will continue to serve as the proven backbone for wireless top-up transactions and wireless product aggregation for the SurgePays nationwide network.
SurgePays Blockchain Software is a back-office marketplace platform offering wholesale consumable goods direct to convenience stores, bodegas, minimarts, tiendas and other corner stores who are transacting on the SurgePays Fintech platform. The wholesale e-commerce platform is easily accessed through the secure app interface ' similar to a website. We believe what makes this sales platform unique is that it also offers the merchant the ability to order wholesale consumable goods at a significant discount from traditional distributors with one touch ease. We are able to sell products at a significant discount by using on demand Direct Store Delivery (DSD.) Our platform is connected directly to manufactures, who ship products direct to the store while cutting out the middleman. The goal of the SurgePays Portal is to leverage the competitive advantage and efficiencies of e-commerce to provide as many commonly sold consumable products as possible to convenience stores, corner markets, bodegas, and supermarkets while increasing profit margins for these stores. These products include herbal stimulants, energy pills and shot drinks, dry foods, communication accessories, novelties, PPP products, bagged snacks, processed meats, automotive parts and many more goods, all in one convenient wholesale e-commerce platform.
LogicsIQ, Inc. is a software development company providing marketing business intelligence ('BI'), lead generation, and case management solutions primarily to law firms in the mass tort industry. The company's CRM 'Intake Logics' facilitates the entire life cycle of converting a potential lead into a signed retainer client integrated into the law firms case management software. Our proven strategy of delivering cost-effective retained cases to our attorney and law firm clients means those clients are better able to manage their media and advertising budgets and reach targeted audiences more quickly and effectively when utilizing our proprietary data driven analytics dashboards. Our ability to deliver transparent results has bolstered our reputation as an industry leader and solidified a solid client base.


   Company Address: 3124 Brother Blvd Bartlett 38133 TN
   Company Phone Number: 302-9587   Stock Exchange / Ticker: NASDAQ SURG
   SURG is expected to report next financial results on March 29, 2024.


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BILL   -4.39%    
CCSI   -6.57%    
FNGR   -5.73%    
PYPL        4.61% 
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Surgepays Inc

SurgePays Inc. Reports Record Earnings Boosted by Strategic Tax Provisions

SurgePays Inc., a technology and telecommunications company focused on the underbanked and underserved communities, has recently announced its commitment to serving underbanked consumers and achieving remarkable returns on investment (ROI). This comes as the company gears up to discuss its fourth quarter and full-year 2023 earnings in a live conference call and webcast.
During a recent visit by Congressman David Kustoff to SurgePays Inc.'s headquarters in Bartlett, Tennessee, CEO Brian Cox and the management team showcased the company's dedication to improving financial inclusion. The visit shed light on SurgePays Inc.'s essential business operations and their unwavering effort to address the needs of underbanked and underserved consumers across the nation.

Management Announcement

SurgePays Inc: A Financial Powerhouse Serving the Underbanked, Achieves Stellar ROI Growth

Published Tue, Feb 27 2024 1:30 PM UTC

SurgePays Inc's Commitment to Serving Underbanked Consumers Surges, Achieving Remarkable ROI
Bartlett, Tenn. - A recent visit by Congressman David Kustoff to SurgePays Inc's headquarters has shed light on the company's essential business operations and their unwavering dedication to providing for the needs of underbanked and underserved consumers across the nation. Dur...

Partnership

SurgePays Forges Strategic Partnership and Demonstrates Resilient Financial Performance Despite Revenue Setbacks

Published Tue, Jan 23 2024 1:30 PM UTC

In an era of growing market competition and wavering macroeconomic conditions, SurgePays Inc's recent developments and financial performance raise several points of discussion. The company is best known for its blockchain-based payment and digital commerce services. Their recent alliance with SIN PIN has expanded its reach into thousands of Hispanic community stores, creatin...

Financing Agreement

SurgePays Raises $15 Million in Public Offering, Paving the Way for Financial Inclusion and Empowerment

Published Mon, Jan 22 2024 11:00 PM UTC

SurgePays Successfully Completes $15 Million Public Offering, Expanding Opportunities for Underbanked Communities
Bartlett, Tennessee - January 22, 2024 - SurgePays, Inc. (Nasdaq: SURG), a technology and telecom company dedicated to serving underbanked and underserved communities, announced today the successful closing of its underwritten public offering. The offering, c...

Financing Agreement

SurgePays Empowers Underserved Communities with $15 Million Public Offering for Growth and Financial Inclusion

Published Thu, Jan 18 2024 1:01 AM UTC

SurgePays Announces Pricing of $15 Million Public Offering to Support Growth in Underserved Communities
BARTLETT, Tenn., Jan. 17, 2024 - SurgePays, Inc. (Nasdaq: SURG), a leading technology and telecom company focused on serving the underbanked and underserved communities, has successfully priced its underwritten public offering. The offering comprises 2,678,571 shares o...






 

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Earnings Outlook
Surgepays Inc does not provide earnings estimates.

 
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