See more : BGP Acquisition Corp. (BGPPF) 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 |
Why Is Surgepays (SURG) Stock Down 21% Today?
Surgepays (NASDAQ: SURG ) stock is falling hard on Wednesday after the financial technology and telecom company announced its earnings for the second quarter of 2024. The bad news from this earnings report includes the company's diluted EPS of -66 cents.
SurgePays, Inc. (SURG) Q2 2024 Earnings Call Transcript
SurgePays, Inc. (NASDAQ:SURG ) Q2 2024 Earnings Conference Call August 13, 2024 5:00 PM ET Company Participants Brian Cox - President & Chief Executive Officer Tony Evers - Chief Financial Officer Conference Call Participants Anja Soderstrom - Sidoti Curtis Shauger...
SurgePays, Inc. (SURG) Reports Q2 Loss, Tops Revenue Estimates
SurgePays, Inc. (SURG) came out with a quarterly loss of $0.66 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to earnings of $0.40 per share a year ago.
SurgePays Announces Second Quarter 2024 Financial Results
$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...
SurgePays Announces Second Quarter 2024 Earnings Release and Conference Call
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.
ClearLine to Unveil its Innovative SaaS Retail Point-of-Sale Marketing Solutions at RSPA RetailNOW Conference
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:...
SurgePays Appoints Joseph Gomez as Vice President of MVNO Operations
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...
SurgePays, Inc. Announces Launch of Prepaid Wireless Brand LinkUp Mobile
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...
SurgePays, Inc. (SURG) Q1 2024 Earnings Call Transcript
SurgePays, Inc. (NASDAQ:SURG ) Q1 2024 Earnings Conference Call May 13, 2024 5:00 PM ET Company Participants Quinn Callanan - Investor Relations Brian Cox - President and Chief Executive Officer Tony Evers - Chief Financial Officer Conference Call Participants Ed...
SurgePays Announces First Quarter 2024 Financial Results
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.
Source: https://incomestatements.info
Category: Stock Reports