See more : Belden Inc. (BDC) Income Statement Analysis – Financial Results
Complete financial analysis of SurgePays, Inc. (SURG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of SurgePays, Inc., a leading company in the Software – Application industry within the Technology sector.
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SurgePays, Inc. (SURG)
About SurgePays, Inc.
SurgePays, Inc., a financial technology and telecommunications company, provides services to the underbanked community in the United States. Its blockchain platform utilizes a suite of financial and prepaid products to convert corner stores and bodegas into tech-hubs for underbanked neighborhoods. The company offers voice and SMS text messaging services to subsidized and direct retail prepaid customers, as well as to low-income consumers. It also offers subsidized mobile broadband services to consumers in California, Colorado, Florida, Illinois, Maryland, Mississippi, Missouri, Nevada, New Jersey, Ohio, Oklahoma, Rhode Island, Tennessee, and Texas, as well as prepaid wireless plans. In addition, the company provides marketing business intelligence, plaintiff generation, and case load management solutions primarily to law firms in the mass tort industry. Further, it operates a bilingual operations center offering the Company with sales support, customer service, IT infrastructure design, graphic media, database programming, software development, revenue assurance, lead generation, and other various operational support services. The company is headquartered in Bartlett, Tennessee.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 137.14M | 121.54M | 51.06M | 54.41M | 25.74M | 15.24M | 1.43M | 3.30M | 2.83M | 2.67M | 1.88K | 2.09K | 4.88K | 14.34K | 9.01K | 0.00 | 0.00 |
| Cost of Revenue | 101.50M | 108.07M | 44.89M | 51.94M | 20.31M | 8.57M | 733.03K | 2.33M | 2.33M | 1.68M | 1.19K | 1.14K | 9.16K | 23.61K | 37.35K | 0.00 | 0.00 |
| Gross Profit | 35.64M | 13.47M | 6.17M | 2.47M | 5.44M | 6.67M | 696.84K | 968.28K | 500.66K | 996.57K | 689.00 | 950.00 | -4.28K | -9.27K | -28.34K | 0.00 | 0.00 |
| Gross Profit Ratio | 25.99% | 11.08% | 12.08% | 4.54% | 21.12% | 43.78% | 48.73% | 29.37% | 17.67% | 37.26% | 36.75% | 45.37% | -87.80% | -64.63% | -314.58% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 15.56M | 11.65M | 10.74M | 9.42M | 10.88M | 0.00 | 0.00 | 3.16M | 1.19M | 0.00 | 50.01K | 652.76K | 372.63K | 872.06K | 645.31K | 0.00 | 0.00 |
| Selling & Marketing | 152.85K | 259.39K | 661.24K | 273.03K | 1.12M | 8.06M | 2.65M | 73.92K | 36.60K | 965.35K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 15.71M | 11.91M | 11.40M | 9.69M | 11.99M | 8.06M | 2.65M | 3.23M | 1.22M | 965.35K | 50.01K | 652.76K | 372.63K | 872.06K | 645.31K | 72.77K | 16.91K |
| Other Expenses | 0.00 | 931.59K | 759.38K | 1.17M | 227.32K | 43.12K | 9.59K | 5.84K | 0.00 | 0.00 | 34.48K | 130.00 | 1.53K | 6.94K | 266.00 | 0.00 | 0.00 |
| Operating Expenses | 16.78M | 12.84M | 12.16M | 10.86M | 12.22M | 8.21M | 2.77M | 3.67M | 1.72M | 965.35K | 50.17K | 652.89K | 374.16K | 879.01K | 651.11K | 72.77K | 16.91K |
| Cost & Expenses | 118.28M | 120.92M | 57.05M | 62.80M | 32.53M | 16.78M | 3.50M | 5.99M | 4.06M | 2.64M | 51.35K | 654.03K | 383.32K | 902.62K | 688.47K | 72.77K | 16.91K |
| Interest Income | 0.00 | 1.96M | 7.52M | 1.42M | 227.02K | 0.00 | 0.00 | 0.00 | 65.00 | 14.14K | 0.00 | 0.00 | 0.00 | 900.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 595.98K | 1.96M | 7.52M | 3.38M | 227.02K | 140.46K | 416.96K | 1.66M | 15.20K | 12.06K | 40.63K | 13.13K | 37.06K | 49.62K | 437.00 | -72.77K | 46.00 |
| Depreciation & Amortization | 1.11M | 988.70K | 917.47K | 1.37M | 282.93K | 149.64K | 119.26K | 433.12K | 501.09K | 1.36K | 159.00 | 130.00 | 1.53K | 6.94K | 5.80K | 0.00 | 7.00K |
| EBITDA | 20.08M | 1.86M | -5.23M | -5.40M | -7.94M | -1.17M | -1.44M | -2.51M | -819.82K | 46.72K | -14.84K | -642.19K | -423.81K | -1.33M | -1.09M | -72.77K | -13.41K |
| EBITDA Ratio | 14.64% | 1.53% | -14.34% | -7.77% | -27.02% | -8.81% | -135.69% | -68.50% | -25.50% | 1.75% | -791.25% | -31,586.82% | -6,764.03% | -3,035.30% | -7,473.83% | 0.00% | 0.00% |
| Operating Income | 18.87M | 873.66K | -5.99M | -8.40M | -6.78M | -1.54M | -2.07M | -3.11M | -1.32M | 31.22K | -49.48K | -651.94K | -425.34K | -1.33M | -1.10M | -72.77K | -20.41K |
| Operating Income Ratio | 13.76% | 0.72% | -11.73% | -15.43% | -26.35% | -10.07% | -144.70% | -94.24% | -46.63% | 1.17% | -2,638.83% | -31,133.67% | -8,717.67% | -9,302.49% | -12,178.66% | 0.00% | 0.00% |
| Total Other Income/Expenses | -485.77K | -1.19M | -7.54M | -575.96K | -679.00K | 76.62K | -2.18M | -2.33M | -15.14K | 2.08K | -6.15K | -3.51K | -83.95K | -445.98K | -418.01K | 0.00 | -3.50K |
| Income Before Tax | 18.38M | -553.23K | -13.53M | -10.72M | -8.45M | -1.46M | -1.98M | -4.60M | -1.34M | 33.30K | -55.62K | -642.32K | -472.23K | -1.78M | -1.10M | 0.00 | -23.91K |
| Income Before Tax Ratio | 13.40% | -0.46% | -26.50% | -19.71% | -32.81% | -9.57% | -138.49% | -139.54% | -47.16% | 1.25% | -2,966.61% | -30,674.31% | -9,678.81% | -12,411.88% | -12,180.55% | 0.00% | 0.00% |
| Income Tax Expense | -2.27M | -404.38K | 5.27M | 6.18M | -228.98K | 82.23K | 426.54K | 1.67M | 15.20K | 26.19K | 75.11K | -19.24K | 93.79K | 891.06K | 417.84K | 72.77K | 46.00 |
| Net Income | 20.62M | -148.85K | -18.80M | -16.90M | -8.22M | -1.54M | -1.98M | -4.60M | -1.34M | 33.30K | -55.62K | -655.45K | -462.39K | -1.38M | -1.10M | -72.77K | -20.45K |
| Net Income Ratio | 15.03% | -0.12% | -36.81% | -31.07% | -31.92% | -10.11% | -138.49% | -139.54% | -47.16% | 1.25% | -2,966.61% | -31,301.29% | -9,477.19% | -9,642.15% | -12,180.55% | 0.00% | 0.00% |
| EPS | 1.45 | -0.01 | -4.29 | -7.92 | -4.27 | -0.94 | -1.30 | -5.13 | -2.01 | 0.04 | -2.97 | -34.97 | -27.90 | -100.35 | -91.36 | -383.02 | -72.02 |
| EPS Diluted | 1.38 | -0.01 | -4.29 | -7.92 | -4.27 | -0.94 | -1.30 | -5.13 | -2.01 | 0.04 | -2.97 | -34.97 | -27.90 | -100.35 | -91.36 | -383.02 | -72.02 |
| Weighted Avg Shares Out | 14.26M | 12.40M | 4.38M | 2.13M | 1.92M | 1.63M | 1.52M | 895.93K | 664.42K | 937.17K | 18.74K | 18.74K | 16.58K | 13.78K | 12.01K | 190.00 | 284.00 |
| Weighted Avg Shares Out (Dil) | 14.92M | 12.40M | 4.38M | 2.13M | 1.92M | 1.63M | 1.52M | 895.93K | 664.42K | 937.17K | 18.74K | 18.74K | 16.58K | 13.78K | 12.01K | 190.00 | 284.00 |
SurgePays Expands Merchant Capabilities with LANDI Global Partnership
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...
SurgePays Integrates its ClearLine Marketing Platform with PAX Smart Payment Terminals
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...
SurgePays Establishes Strategic Agreement with AT&T
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...
SurgePays, Inc. (SURG) Reports Q3 Loss, Misses Revenue Estimates
SurgePays, Inc. (SURG) came out with a quarterly loss of $0.73 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to earnings of $0.49 per share a year ago.
SurgePays, Inc. (SURG) Q3 2024 Earnings Call Transcript
SurgePays, Inc. (NASDAQ:SURG ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 AM ET Company Participants Conference Call Participants Operator Good day, everyone and welcome to the SurgePays Third Quarter 2024 Earnings Conference Call. At this time, all participants...
SurgePays Announces Third Quarter 2024 Financial Results
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...
SurgePays Announces Third Quarter 2024 Earnings Release and Conference Call
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.
SurgePays Opens Dedicated Sales and Operations Center in El Salvador
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...
SurgePays Announces Master Services Agreement with TerraCom, Inc.
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...
SurgePays Announces Commencement of Share Repurchase Program
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...
Source: https://incomestatements.info
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