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 |
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