View Future GrowthSurgePays 過去の業績過去 基準チェック /06SurgePaysの収益は年間平均-32.1%の割合で減少していますが、 Wireless Telecom業界の収益は年間 増加しています。収益は年間19.6% 2.2%割合で 増加しています。主要情報-32.13%収益成長率25.26%EPS成長率Wireless Telecom 業界の成長23.12%収益成長率2.16%株主資本利益率n/aネット・マージン-63.32%前回の決算情報31 Dec 2025最近の業績更新お知らせ • May 11SurgePays, Inc. to Report Q1, 2026 Results on May 15, 2026SurgePays, Inc. announced that they will report Q1, 2026 results Pre-Market on May 15, 2026Reported Earnings • Nov 14Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: US$0.38 loss per share (improved from US$0.72 loss in 3Q 2024). Revenue: US$18.7m (up 292% from 3Q 2024). Net loss: US$7.49m (loss narrowed 48% from 3Q 2024). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 162%. Revenue is forecast to grow 93% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.お知らせ • Nov 03SurgePays, Inc. to Report Q3, 2025 Results on Nov 12, 2025SurgePays, Inc. announced that they will report Q3, 2025 results on Nov 12, 2025Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: US$0.36 loss per share (improved from US$0.66 loss in 2Q 2024). Revenue: US$11.5m (down 24% from 2Q 2024). Net loss: US$7.08m (loss narrowed 45% from 2Q 2024). Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 85%. Revenue is forecast to grow 90% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.お知らせ • Aug 05SurgePays, Inc. to Report Q2, 2025 Results on Aug 13, 2025SurgePays, Inc. announced that they will report Q2, 2025 results After-Market on Aug 13, 2025Reported Earnings • May 15First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: US$0.38 loss per share (down from US$0.069 profit in 1Q 2024). Revenue: US$10.6m (down 66% from 1Q 2024). Net loss: US$7.64m (down US$8.86m from profit in 1Q 2024). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 84% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.すべての更新を表示Recent updatesお知らせ • May 16SurgePays, Inc. announced delayed 10-Q filingOn 05/15/2026, SurgePays, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.お知らせ • May 11SurgePays, Inc. to Report Q1, 2026 Results on May 15, 2026SurgePays, Inc. announced that they will report Q1, 2026 results Pre-Market on May 15, 2026ナラティブの更新 • May 03SURG: Higher Future P/E Will Support Upside Despite Margin And Listing RisksAnalysts have trimmed their price target on SurgePays by $4.75, citing updated assumptions on profit margins and future P/E levels, even as fair value, discount rate, and revenue growth inputs remain broadly consistent. Analyst Commentary Bullish Takeaways Bullish analysts view the updated price target trim as mainly reflecting refreshed assumptions on profit margins and P/E levels, rather than a shift in views on the company’s core business or revenue potential.お知らせ • Apr 29SurgePays, Inc., Annual General Meeting, Jun 16, 2026SurgePays, Inc., Annual General Meeting, Jun 16, 2026.お知らせ • Apr 23SurgePays, Inc. Advances AI Decisioning Platform Focused On Increasing Revenue Per User Across The Subprime MarketSurgePays, Inc. announced it is advancing a real time AI decisioning platform built on ProgramBenefits.com and its nationwide retail network, which together capture verified consumer data and engagement at scale. The system is designed to expand each customer interaction into a multi-product revenue opportunity while increasing engagement across wireless, financial services, and other essential offerings. The system evaluates eligibility, predicts conversion probability, and ranks opportunities in real time to determine the next best action for each user. Instead of returning a single product outcome, it expands each interaction into multiple qualified opportunities across wireless, financial services, healthcare savings, and other essential services within a single session. The system will capture user behavior and outcomes to continuously improve decisioning accuracy over time. This supports the development of a proprietary dataset, optimized conversion models, and an expected increase in revenue per user as the system scales. Initial development is focused on integrating the decisioning engine into the Company’s existing CRM and POS infrastructure, including ProgramBenefits.com and its in-store distribution channels. Phase one prioritizes expanding the product set by integrating additional financial and service-based offerings into existing wireless and benefits channels.ナラティブの更新 • Apr 17SURG: Premium Future P/E Will Support Upside Despite Lower Margin AssumptionsAnalysts lowered their price target on SurgePays by $4.75 to $5.00, reflecting updated assumptions for slower revenue growth, a lower profit margin of 3.16% and a higher future P/E of about 43.53x. Analyst Commentary Bullish Takeaways Bullish analysts still see upside potential relative to the revised US$5.00 price target, given the higher assumed P/E of about 43.53x.お知らせ • Apr 01+ 1 more updateSurgePays, Inc. announced delayed annual 10-K filingOn 03/31/2026, SurgePays, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.お知らせ • Mar 28SurgePays Inc. Launches Managed Marketing Services PlatformSurgePays, Inc. announced the launch of the SurgePays Managed Marketing Services platform, a centrally managed in-store digital marketing network to be deployed across the Company’s growing nationwide retail footprint. The SurgePays Managed Marketing Services platform utilizes smart TVs installed in retail locations to replace traditional printed signage with dynamic, digitally managed content. Through the Company’s proprietary software platform, SurgePays can remotely control and update an unlimited lineup of static and video advertisements in rotation across its retail network in real time. This platform transforms traditional in-store signage into a centrally managed digital media network that can be scaled across the Company’s entire retail footprint. As the Company continues expanding its retail footprint, each additional screen should increase SurgePays’ ability to acquire customers, promote its services, and generate advertising and marketing revenue across its network. By deploying centrally managed digital screens in these locations, the intent is to build a retail media network that allows brands and service providers to reach consumers directly inside neighborhood stores where purchasing decisions are frequently made. This platform will become an important part of the Company’s long-term strategy by supporting customer acquisition for LinkUp Mobile and Torch Wireless while also creating a new, high-margin marketing and advertising revenue stream as the number of connected retail locations continues to grow.お知らせ • Mar 25SurgePays, Inc. Announces Non-Compliance Notices from NasdaqOn March 18, 2026, SurgePays, Inc. (the Company) received a written notice (the MVLS Notice) from the Listing Qualifications Department of The Nasdaq Stock Market (Nasdaq) indicating that the Company no longer meets the minimum market value of listed securities (MVLS) of $35,000,000 (the MVLS Requirement) set forth in Nasdaq's Listing Rules (the Rules). On March 23, 2026, the Company received a written notice (the Bid Price Notice and together with the MVLS Notice collectively the Notices) from the Nasdaq Listing Qualifications Department indicating that the Company is not in compliance with the $1.00 minimum bid price requirement (the Bid Price Requirement) set forth in the Rules. The Notice has no immediate effect on the listing or trading of the Company's securities, except that an indicator will be displayed with quotation information related to the Company's securities on NASDAQ.com and NASDAQTrader.com and may be displayed by other third-party providers of market data information. If the Company fails to timely regain compliance with the Rules, the Company's securities will be subject to delisting from Nasdaq. Under the Rules, the Company has (i) 180 calendar days, or until September 14, 2026, to regain compliance with the MVLS Requirement, and (ii) 180 calendar days, or until September 21, 2026, to regain compliance with the Bid Price Requirement. If the Company's MVLS closes at $35,000,000 or more for a minimum of ten consecutive business days during the relevant 180-day period described above, Nasdaq will provide the Company with written confirmation of compliance with respect to the MVLS Requirement, and the matter will be closed. If the bid price of the Company's common stock closes at or above $1.00 per share for a minimum of ten consecutive business days during the relevant 180-period described above, Nasdaq will provide the Company with written confirmation of compliance with respect to the Bid Price Requirement, and the matter will be closed. If the Company fails to regain compliance with the Bid Price Requirement prior to the expiration of the initial 180-day period, the Company may be eligible for an additional 180 calendar day period to regain compliance with the Bid Price Requirement, provided (i) the Company meets the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market (except for the Bid Price Requirement), and (ii) it provides written notice to Nasdaq of its intention to cure this deficiency during the second compliance period. If the Company's common stock ultimately were to be delisted for any reason, it could negatively impact the Company by (i) reducing the liquidity and market price of the Company's common stock; (ii) reducing the number of investors willing to hold or acquire the Company's common stock, which could negatively impact the Company's ability to raise equity financing; (iii) limiting the Company's ability to use a registration statement to offer and sell freely tradable securities, thereby preventing the Company from accessing the public capital markets; and (iv) impairing the Company's ability to provide equity incentives to its employees.New Risk • Jan 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-US$6.4m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.5m net loss next year). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (US$27.4m market cap).New Risk • Jan 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$6.4m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.5m net loss next year). Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (US$28.8m market cap).分析記事 • Jan 22Take Care Before Jumping Onto SurgePays, Inc. (NASDAQ:SURG) Even Though It's 26% CheaperTo the annoyance of some shareholders, SurgePays, Inc. ( NASDAQ:SURG ) shares are down a considerable 26% in the last...お知らせ • Jan 22SurgePays, Inc. has completed a Follow-on Equity Offering in the amount of $2.5 million.SurgePays, Inc. has completed a Follow-on Equity Offering in the amount of $2.5 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,000,000 Price\Range: $1.25 Discount Per Security: $0.0875お知らせ • Jan 21SurgePays, Inc. has filed a Follow-on Equity Offering.SurgePays, Inc. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Security Name: Pre-Funded Warrants Security Type: Equity Warrantお知らせ • Jan 15SurgePays, Inc. Appoints Chelsea Pullano as Interim Chief Financial Officer, Effective as of January 14, 2026SurgePays, Inc. announced that effective as of January 14, 2026, the Board appointed Chelsea Pullano as interim Chief Financial Officer to fill the vacancy created by the previous separation with Tony Evers. Ms. Pullano's appointment is in connection with the Company's entry into the master services agreement with MACK Financial Solutions LLC on January 9, 2026, pursuant to which MACK shall provide outsourced financial, accounting, and executive financial services to the Company as requested by the Company from time to time, including, without limitation, Chief Financial Officer services, accounting oversight, bookkeeping, financial reporting, and public-company financial compliance support (collectively, the Services"). Ms. Pullano's role as Chief Financial Officer will be on a part-time basis, and Ms. Pullano will spend no less than 40 hours per month in such capacity as Chief Financial Officer providing the Services as described herein. Ms. Pullano is a financial executive with experience supporting public and private companies in accounting, financial reporting, and strategic finance. Since May 2023, Ms. Pullano has been a partner and serves as Chief Executive Officer of MACK, an accounting and advisory firm that provides outsourced financial and accounting services to growth-stage and public companies. From June 29, 2020 to May 2023, Ms. Pullano served as Chief Financial Officer of Creatd, Inc, and from September 2024 to March 2025, she served as Director of Finance at Lucosky Brookman LLP.お知らせ • Jan 08SurgePays, Inc. Announces Board and Committee ChangesEffective January 2, 2026, Richard Schurfeld resigned as a member of the Board of Directors (the “Board”), including all committee appointments, of SurgePays, Inc. Mr. Schurfeld’s departure is for personal reasons and v is not the result of any disagreement with management or the Company’s Board on any matter relating to the Company’s operations, policies or practices. On January 5, 2026, the Board appointed current director David May to each of the Company’s Audit, Compensation, and Nominating and Corporate Governance Committee of the Board, to replace the positions left vacant by Mr. Schurfeld’s resignation from the Board. The Board also appointed Mr. May as chairperson of the Nominating and Corporate Governance Committee.Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Laurie Weisberg was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • Dec 22Price target increased by 8.3% to US$9.75Up from US$9.00, the current price target is provided by 1 analyst. New target price is 498% above last closing price of US$1.63. Stock is down 8.9% over the past year. The company is forecast to post a net loss per share of US$1.28 next year compared to a net loss per share of US$2.39 last year.New Risk • Dec 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$26m free cash flow). Negative equity (-US$6.4m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$3.9m net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$34.9m market cap).Recent Insider Transactions • Dec 13Non-Independent Director recently bought US$62k worth of stockOn the 10th of December, David May bought around 38k shares on-market at roughly US$1.60 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$74k more in shares than they bought in the last 12 months.Recent Insider Transactions Derivative • Dec 05Chief Financial Officer notifies of intention to sell stockAnthony Evers intends to sell 176k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of December. If the sale is conducted around the recent share price of US$1.70, it would amount to US$299k. Since March 2025, Anthony has owned 183.19k shares directly. Company insiders have collectively sold US$136k more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Dec 05Surgepays, Inc. Announces the Addition of Three Lead Generation Aggregators to Its Programbenefits PlatformSurgePays, Inc. announced the addition of three lead generation aggregators to its ProgramBenefits platform. These integrations continue the expansion into subprime consumers seeking wireless service, credit solutions, and everyday benefit programs. The three aggregators add meaningful momentum to the ProgramBenefits initiative by routing an expected 10,000 new subprime leads per day at full scale. The consumer data intake platform is built to lower wireless subscriber acquisition costs while creating multiple revenue opportunities from each consumer. All incoming traffic flows through SurgePays' proprietary LogicsIQ engine, where each consumer is matched with the next best offer across wireless, credit, financial services, healthcare savings, and everyday lifestyle benefits. This creates a predictable monetization cycle with recurring opportunities to grow revenue. Increasing traffic to ProgramBenefits.com improves the economics of every subscriber the company activate. By transitioning from field sales to this lead-generation model, can now scale wireless subscribers nationwide much faster and at a significantly lower acquisition cost, which reduces overall cost of revenue. Most importantly, this model provides a clear path to scale with no foreseeable plateau," said Brian Cox, Chief Executive Officer of SurgePays. "Commissions and revenue share from complementary product sales quickly cover the cost of each lead. This data-driven model reduces wireless subscriber acquisition costs while shortening the timeframe for a customer to become profitable. At scale, the company believe it can eliminate acquisition costs altogether. Ultimately, its ability to build and monetize a large base of subprime consumer data records should generate significant revenue while creating a highly valuable and usable asset. The company believe this positions SurgePays for a breakout revenue year in 2026." SurgePays' dual position as both a mobile telecom provider and a fintech enabler gives the company a distinct advantage within the 138 million adult subprime sector. This allows SurgePays to reach and monetize consumers across digital channels and through its nationwide growing network of more than 9,000 retail locations. The continued expansion of the ProgramBenefits platform adds complementary growth verticals to the company's existing revenue channels: subsidized wireless, prepaid MVNO, prepaid top-up POS, and ClearLine SaaS.New Risk • Nov 20New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$42m Forecast net loss in 1 year: US$3.9m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$26m free cash flow). Negative equity (-US$6.4m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$3.9m net loss next year). Market cap is less than US$100m (US$40.8m market cap).お知らせ • Nov 15SurgePays, Inc. Unveils ProgramBenefits.com as Next Phase in Data Monetization StrategySurgePays, Inc. announced the next phase of its data monetization strategy with the launch of ProgramBenefits.com, a SurgePays platform developed to convert verified benefit-qualified consumers into measurable, recurring revenue opportunities. Previously, the Company announced the launch of its new Growth Marketing and Data Partnerships Division to transform its expanding consumer data ecosystem into a scalable, high-margin revenue growth engine. The launch represents the direct execution of SurgePays' Growth Marketing and Data Partnerships roadmap, led by Vice President James Herber. ProgramBenefits.com serves as the company's public-facing consumer portal and intake engine, connecting individuals who receive government benefits to a broad range of complementary products and services--from wireless and prepaid debit cards to health programs, open enrollment options, medical equipment, and financial offers. The platform was built by reengineering SurgePays' legacy LogicsIQ system into a modernized data intake and qualification engine tailored specifically for the underserved consumer segment. By leveraging its advanced infrastructure of affiliate and publisher management architecture, SurgePays can now generate revenue from both marketing qualified leads to partners and from converting those consumers into wireless subscribers through its own brands, including Torch Wireless and LinkUp Mobile. By integrating proprietary technology, consumer verification, and data analytics, SurgePays is positioned to serve the over 137 million Americans who are classified as underserved or subprime. These households frequently qualify for government assistance programs yet remain largely overlooked by traditional marketers. ProgramBenefits.com creates a direct digital gateway to this demographic, transforming verified consumer interest into measurable, high-value outcomes.Reported Earnings • Nov 14Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: US$0.38 loss per share (improved from US$0.72 loss in 3Q 2024). Revenue: US$18.7m (up 292% from 3Q 2024). Net loss: US$7.49m (loss narrowed 48% from 3Q 2024). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 162%. Revenue is forecast to grow 93% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.分析記事 • Nov 14It's Down 28% But SurgePays, Inc. (NASDAQ:SURG) Could Be Riskier Than It LooksSurgePays, Inc. ( NASDAQ:SURG ) shareholders won't be pleased to see that the share price has had a very rough month...お知らせ • Nov 03SurgePays, Inc. to Report Q3, 2025 Results on Nov 12, 2025SurgePays, Inc. announced that they will report Q3, 2025 results on Nov 12, 2025お知らせ • Oct 16SurgePays, Inc. Provides Revenue Guidance for Third Quarter of 2025 and Affirms Revenue Guidance for Full Year 2026SurgePays, Inc. provided revenue guidance for third quarter of 2025 and affirms revenue guidance for full year 2026. For the quarter, the company estimated its revenue to increase sequentially by more than 60%. For the year 2026, the Company affirmed 2026 full year revenue guidance of $225 million.Price Target Changed • Oct 03Price target increased by 8.6% to US$9.50Up from US$8.75, the current price target is provided by 1 analyst. New target price is 251% above last closing price of US$2.71. Stock is up 52% over the past year. The company is forecast to post a net loss per share of US$0.80 next year compared to a net loss per share of US$2.39 last year.お知らせ • Oct 03SurgePays, Inc. Announces Non-Renewal of Chief Financial Officer Anthony Evers' Employment Agreement Upon its Expiration on December 31, 2025SurgePays, Inc. announced that the company has provided notice to Anthony Evers, Chief Financial Officer of the company that his employment agreement as CFO will not be renewed upon its expiration on December 31, 2025. Mr. Evers and the Company intend to discuss his continuing service and position with the Company.分析記事 • Sep 16Market Might Still Lack Some Conviction On SurgePays, Inc. (NASDAQ:SURG) Even After 47% Share Price BoostSurgePays, Inc. ( NASDAQ:SURG ) shareholders would be excited to see that the share price has had a great month...お知らせ • Aug 29SurgePays, Inc. Launches ClearLine Across All Market Basket Stores, Driving High-Margin Recurring SaaS Revenue Through Nationwide Retail Media RolloutSurgePays, Inc. announced the full deployment of smart digital advertising and content display units across all 17 Market Basket Food Stores in North Carolina through SurgePays' innovative ClearLine software-as-a-service (SaaS) platform. ClearLine transforms mounted flat screens into fully connected retail media hubs, capable of running video ads, dynamic promotions, coupons and QR codes in real-time. ClearLine provides retailers with a reliable way to engage shoppers, foster brand loyalty and unlock new advertising revenue streams. The addition of smart technology in-store will enable control over advertising, the rotation of ads, the ability to play videos and facilitate promotions through coupons and QR codes. By replacing outdated and unreliable signage, ClearLine empowers store owners to run dynamic, targeted campaigns that boost shopper engagement and brand loyalty, while simultaneously creating new advertising revenue streams that drive measurable ROI for both retailers and SurgePays. This deployment highlights ClearLine's ability to turn a long-standing retail challenge into a scalable, high-margin, subscription-based revenue opportunity delivering value not only to retailers and brand partners, but also to SurgePays shareholders. Each location that has adopted this in-store digital advertising technology will carry and be tied to SurgePays' point-of-sale ClearLine software. Market Basket selected SurgePays' ClearLine platform to overcome the shortcomings of legacy digital signage, which typically consists of flat screens with USB drives displaying rotating photos. With ClearLine, stores can now run dynamic, dayparted campaigns from promoting fresh morning coffee to highlighting afternoon beverage specials alongside sponsored brand messages. This capability not only enhances the in-store customer experience but also delivers measurable sales lift at the point of purchase, proving ClearLine's value as a revenue-driving solution for SurgePays' scalable growth strategy.Major Estimate Revision • Aug 20Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$94.2m to US$75.5m. Forecast losses increased from -US$0.40 to -US$0.86 per share. Wireless Telecom industry in the US expected to see average net income growth of 1.8% next year. Consensus price target of US$9.00 unchanged from last update. Share price fell 19% to US$2.33 over the past week.Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: US$0.36 loss per share (improved from US$0.66 loss in 2Q 2024). Revenue: US$11.5m (down 24% from 2Q 2024). Net loss: US$7.08m (loss narrowed 45% from 2Q 2024). Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 85%. Revenue is forecast to grow 90% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.お知らせ • Aug 14SurgePays, Inc. Provides Revenue Guidance for the 2025 and 2026SurgePays, Inc. provided revenue guidance for the 2025 and 2026. The company now expected 2025 revenue to be $75 million - $90 million, and 2026 revenue to be $225 million - $240 million, driven by accelerating subscriber growth, new distribution partnerships, expansion of its high-margin wholesale platform, and continued growth of its prepaid POS fintech network.お知らせ • Aug 06SurgePays, Inc. has filed a Follow-on Equity Offering in the amount of $15 million.SurgePays, Inc. has filed a Follow-on Equity Offering in the amount of $15 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offeringお知らせ • Aug 05SurgePays, Inc. to Report Q2, 2025 Results on Aug 13, 2025SurgePays, Inc. announced that they will report Q2, 2025 results After-Market on Aug 13, 2025Major Estimate Revision • Jun 17Consensus EPS estimates fall from profit to US$0.40 loss, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$88.3m to US$94.2m. Now expected to report loss of -US$0.40 instead of US$0.00 per share profit. Wireless Telecom industry in the US expected to see average net income growth of 17% next year. Consensus price target up from US$8.75 to US$9.00. Share price fell 3.2% to US$2.69 over the past week.New Risk • Jun 16New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$55m Forecast net loss in 1 year: US$4.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (26% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$4.6m net loss next year). Significant insider selling over the past 3 months (US$177k sold). Market cap is less than US$100m (US$52.7m market cap).Recent Insider Transactions • Jun 12Non-Independent Director recently sold US$177k worth of stockOn the 6th of June, David May sold around 63k shares on-market at roughly US$2.81 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$817k more than they bought in the last 12 months.Reported Earnings • May 15First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: US$0.38 loss per share (down from US$0.069 profit in 1Q 2024). Revenue: US$10.6m (down 66% from 1Q 2024). Net loss: US$7.64m (down US$8.86m from profit in 1Q 2024). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 84% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.お知らせ • May 14SurgePays, Inc. Reaffirms Earnings Guidance for the Year 2025SurgePays, Inc. reaffirmed earnings guidance for the year 2025. With the nationwide launch of LinkUp Mobile and a growing pipeline of MVNE partnerships, the company expects to surpass $200 million in revenue over the next 12 months beginning April 1, 2025.分析記事 • May 14SurgePays, Inc.'s (NASDAQ:SURG) Shares Leap 49% Yet They're Still Not Telling The Full StorySurgePays, Inc. ( NASDAQ:SURG ) shares have continued their recent momentum with a 49% gain in the last month alone...お知らせ • May 14SurgePays, Inc. announced that it expects to receive $6 million in fundingSurgePays, Inc. announced that it has entered into a senior secured convertible note agreement with a current institutional shareholder to issue convertible note with principal amount of $7,000,000 for gross proceeds of $6,000,000 on May 13, 2025. The notes will be convertible into shares of the company's common stock at a fixed price of $4 per share. The note will mature two years from the date of issuance.Price Target Changed • May 13Price target increased by 30% to US$8.75Up from US$6.75, the current price target is provided by 1 analyst. New target price is 160% above last closing price of US$3.36. Stock is down 21% over the past year. The company is forecast to post a net loss per share of US$0.057 next year compared to a net loss per share of US$2.39 last year.お知らせ • May 06SurgePays, Inc. to Report Q1, 2025 Results on May 13, 2025SurgePays, Inc. announced that they will report Q1, 2025 results After-Market on May 13, 2025新しいナラティブ • Apr 29MVNE And LinkUp Mobile Expansion Will Drive Sustainable Cash Flow Transitioning to an MVNE model and agreements with major networks are set to boost cash flow and profitability. お知らせ • Apr 25SurgePays Promotes Derron Winfrey to President, Sales and OperationsSurgePays, Inc. announced the promotion of Derron Winfrey to the role of President, Sales and Operations. Winfrey will oversee SurgePays' expanding sales organization with a focus on scaling the Company's core offerings: LinkUp Mobile prepaid wireless service, prepaid top-ups and financial services, federal Lifeline programs, and the Clearline marketing and customer engagement platform. He will also lead the operational buildout of the Company's new sales center in El Salvador and drive enhancements to customer onboarding and experience by leveraging data intelligence across the organization. A fintech and wireless industry pioneer with over 25 years of experience, Winfrey joined SurgePays through its 2019 acquisition of ECS Prepaid, a company he founded. Since then, he has helped transform SurgePays' go-to-market strategy, building out the prepaid business platform, scaling the ISO channel, and preparing the Company's LinkUp Mobile MVNO for direct market launch with AT&T. Winfrey's leadership philosophy centers on investing in people and building high-performing teams. Prior to joining SurgePays, Winfrey was president of Electronic Check Services (ECS), a company offering merchants and ISO channel partners a full suite of check processing services. He also founded and served as president of ECS Prepaid, a business providing prepaid cellular phone reloads, bill payments, gift cards and loyalty programs. To power the processing of ECS Prepaid, Mr. Winfrey created the concept and helped launch Softgate Systems, a fintech product processing company, in 2007, where he served as president until 2009. During that time, Softgate grew in volume by nearly 110% by providing processing services for 12 other companies in addition to both ECS and ECS Prepaid. Softgate Systems was acquired in 2009 by In Person Payments (IPP). In 2011, under Winfrey's leadership, ECS Prepaid earned several honors, including ranking 69 in Inc. Magazine's List of Fastest Growing Companies in North America and being named the Fastest Growing Company in Southwest Missouri by the Springfield Business Journal. He served for six years on the Petroleum Marketers Advisory Council, including two years as vice president and two years as president, for a four-state Midwest region creating market concepts for the Midwest convenience store industry. In 2012, Winfrey was named top entrepreneur business person in Springfield, Mo. by the Springfield Business Journal. He is a member of the Springfield Business Journal's 40 Under 40 Class of 2009 and has been honored in the publication's list of 12 People You Should Know and Top 12 Businesspeople in Southwest Missouri. Born in Oklahoma City, Okla., Winfrey earned his bachelor's degree in communications at Wichita State University. He resides in Springfield with his wife, Paula. He enjoys cheering for the Kansas State University football team and spends quality time with his three children and six grandchildren.Major Estimate Revision • Apr 23Consensus revenue estimates increase by 15%, EPS downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$111.5m to US$128.6m. EPS estimate fell from -US$0.19 to -US$0.21 per share. Wireless Telecom industry in the US expected to see average net income growth of 35% next year. Consensus price target broadly unchanged at US$6.88. Share price rose 11% to US$2.63 over the past week.分析記事 • Apr 23Is SurgePays (NASDAQ:SURG) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...お知らせ • Apr 14SurgePays, Inc., Annual General Meeting, May 15, 2025SurgePays, Inc., Annual General Meeting, May 15, 2025.Major Estimate Revision • Apr 01Consensus revenue estimates increase by 17%, EPS downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$95.1m to US$111.5m. EPS estimate fell from -US$0.162 to -US$0.19 per share. Wireless Telecom industry in the US expected to see average net income growth of 35% next year. Consensus price target up from US$5.75 to US$6.75. Share price rose 62% to US$2.23 over the past week.分析記事 • Mar 27SurgePays, Inc. (NASDAQ:SURG) Stock Rockets 75% But Many Are Still Ignoring The CompanySurgePays, Inc. ( NASDAQ:SURG ) shareholders would be excited to see that the share price has had a great month...Price Target Changed • Mar 26Price target increased by 13% to US$6.75Up from US$6.00, the current price target is an average from 2 analysts. New target price is 187% above last closing price of US$2.35. Stock is down 37% over the past year. The company is forecast to post a net loss per share of US$0.67 next year compared to a net loss per share of US$2.39 last year.お知らせ • Mar 26Surgepays, Inc. Provides Earnings Guidance for First Quarter and Full Year 2025SurgePays, Inc. provides earnings guidance for first quarter and full year 2025. SurgePays expects first quarter 2025 revenue to remain consistent with Quarter four of 2024. With the national launch of LinkUp Mobile and expanding MVNE partnerships, revenue is projected to exceed $200 million over the next 12 months and the Company anticipates achieving positive cash flow from operations before the end of 2025.お知らせ • Mar 11SurgePays, Inc. to Report Q4, 2024 Results on Mar 25, 2025SurgePays, Inc. announced that they will report Q4, 2024 results After-Market on Mar 25, 2025お知らせ • Jan 24SurgePays, Inc. Appoints Mark Garner as Executive Vice PresidentSurgePays, Inc. announced 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 2019 as vice president of technology, Garner has been instrumental in driving technological advancements and operational excellence. In his expanded role, he will oversee the integration of SurgePays' platforms—SurgePays, Shockwave and ClearLine—with wireless and financial technology partners globally. Garner will also collaborate closely with internal teams across sales, marketing, accounting, programming and contractors to ensure seamless alignment with the Company's ambitious short- and long-term objectives. Before joining SurgePays, Garner served as vice president of operations at ECS Prepaid, where he played a pivotal role in enabling merchant partners to offer prepaid cellular top-ups, activations and other financial services. SurgePays acquired ECS Prepaid in 2019 to expand its portfolio of financial services and capabilities for its rapidly growing network of independent convenience stores. Garner's expertise has been key to successfully integrating partners and vendors into SurgePays' platform ecosystem.New Risk • Jan 15New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$242k sold). Market cap is less than US$100m (US$32.0m market cap).分析記事 • Jan 14Is SurgePays (NASDAQ:SURG) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Recent Insider Transactions • Dec 05CFO & Acting COO recently sold US$68k worth of stockOn the 2nd of December, Anthony Evers sold around 37k shares on-market at roughly US$1.86 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anthony has been a net seller over the last 12 months, reducing personal holdings by US$329k.分析記事 • Nov 29Investors Appear Satisfied With SurgePays, Inc.'s (NASDAQ:SURG) Prospects As Shares Rocket 25%SurgePays, Inc. ( NASDAQ:SURG ) shareholders would be excited to see that the share price has had a great month...Major Estimate Revision • Nov 19Consensus EPS estimates fall by 43%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$1.11 to -US$1.59 per share. Revenue forecast unchanged at US$60.0m. Wireless Telecom industry in the US expected to see average net income growth of 61% next year. Consensus price target of US$6.00 unchanged from last update. Share price fell 8.2% to US$1.56 over the past week.Price Target Changed • Nov 17Price target increased by 57% to US$9.00Up from US$5.75, the current price target is provided by 1 analyst. New target price is 488% above last closing price of US$1.53. Stock is down 74% over the past year. The company is forecast to post a net loss per share of US$1.59 compared to earnings per share of US$1.45 last year.Reported Earnings • Nov 14Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: US$0.72 loss per share (down from US$0.50 profit in 3Q 2023). Revenue: US$4.77m (down 86% from 3Q 2023). Net loss: US$14.3m (down 302% from profit in 3Q 2023). Revenue missed analyst estimates by 45%. Earnings per share (EPS) also missed analyst estimates by 174%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Nov 05SurgePays, Inc. to Report Q3, 2024 Results on Nov 12, 2024SurgePays, Inc. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024Recent Insider Transactions Derivative • Nov 04CFO & Acting COO notifies of intention to sell stockAnthony Evers intends to sell 37k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of November. If the sale is conducted around the recent share price of US$1.60, it would amount to US$59k. Since March 2024, Anthony's direct individual holding has increased from 3.87k shares to 288.26k. Company insiders have collectively sold US$459k more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Nov 01SurgePays Hit By Sharp Revenue Decline (Rating Downgrade)Summary Q2 2024 sales fell sharply to $15.1 million from $35.9 million, primarily due to ACP funding cuts. Gross profit dropped to a -$3.4 million loss in Q2 from a $10 million profit in Q2 2023. Transition to non-subsidized LinkUp Mobile raised costs to retain 280K subscribers, straining cash reserves and profit margins. SG&A expenses surged 101% year-over-year in Q2, driven by stock compensation and consulting fees, worsening cash flow. The announced $5 million stock buyback (~16.5% of market cap) signals management’s confidence, despite ongoing financial challenges. Read the full article on Seeking Alpha分析記事 • Oct 06SurgePays, Inc. (NASDAQ:SURG) Held Back By Insufficient Growth Even After Shares Climb 29%Those holding SurgePays, Inc. ( NASDAQ:SURG ) shares would be relieved that the share price has rebounded 29% in the...Recent Insider Transactions • Oct 06President recently sold US$57k worth of stockOn the 2nd of October, Kevin Cox sold around 32k shares on-market at roughly US$1.75 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$87k. Kevin has been a net seller over the last 12 months, reducing personal holdings by US$260k.Recent Insider Transactions Derivative • Oct 04CFO & Acting COO notifies of intention to sell stockAnthony Evers intends to sell 37k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of October. If the sale is conducted around the recent share price of US$1.67, it would amount to US$61k. Since March 2024, Anthony's direct individual holding has increased from 3.87k shares to 258.26k. Company insiders have collectively sold US$402k more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Sep 06CFO & Acting COO recently sold US$56k worth of stockOn the 4th of September, Anthony Evers sold around 37k shares on-market at roughly US$1.53 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$110k. Anthony has been a net seller over the last 12 months, reducing personal holdings by US$202k.Recent Insider Transactions Derivative • Sep 05President notifies of intention to sell stockKevin Cox intends to sell 35k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of September. If the sale is conducted around the recent share price of US$1.64, it would amount to US$58k. For the year to December 2019, Kevin's total compensation was 34% salary and 66% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Kevin's direct individual holding has increased from 5.45m shares to 5.74m. Company insiders have collectively sold US$297k more than they bought, via options and on-market transactions in the last 12 months.Major Estimate Revision • Aug 16Consensus revenue estimates fall by 32%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$100.4m to US$68.6m. Forecast loss of -US$1.06, down from profit of US$0.005 per share profit previously. Wireless Telecom industry in the US expected to see average net income growth of 19% next year. Consensus price target down from US$6.75 to US$5.75. Share price fell 24% to US$1.90 over the past week.Reported Earnings • Aug 15Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: US$0.66 loss per share (down from US$0.42 profit in 2Q 2023). Revenue: US$15.1m (down 58% from 2Q 2023). Net loss: US$12.9m (down 316% from profit in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Wireless Telecom industry in the US are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.お知らせ • Aug 15SurgePays, Inc. (NasdaqCM:SURG) announces an Equity Buyback for $5 million worth of its shares.SurgePays, Inc. (NasdaqCM:SURG) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares. The program will end upon the earlier of 6 months after the commencement of the program, till December 31, 2024, or the date upon which the Maximum Amount has been purchased and can be discontinued at any timePrice Target Changed • Aug 14Price target increased by 36% to US$9.50Up from US$7.00, the current price target is provided by 1 analyst. New target price is 377% above last closing price of US$1.99. Stock is down 59% over the past year. The company is forecast to post a net loss per share of US$0.02 compared to earnings per share of US$1.45 last year.お知らせ • Aug 08SurgePays, Inc. to Report Q2, 2024 Results on Aug 13, 2024SurgePays, Inc. announced that they will report Q2, 2024 results After-Market on Aug 13, 2024Recent Insider Transactions • Aug 06President recently sold US$87k worth of stockOn the 2nd of August, Kevin Cox sold around 34k shares on-market at roughly US$2.60 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$110k. Kevin has been a net seller over the last 12 months, reducing personal holdings by US$127k.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$2.47, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Wireless Telecom industry in the US. Total loss to shareholders of 62% over the past three years.Recent Insider Transactions Derivative • Aug 04Insider notifies of intention to sell stockDavid Ansani intends to sell 37k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of August. If the sale is conducted around the recent share price of US$2.78, it would amount to US$102k. Since March 2024, David has owned 140.00 shares directly. Company insiders have collectively sold US$162k more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Jul 24SurgePays, Inc. Announces its Subsidiary, ClearLine to Launch its Innovative Point-of-Sale Marketing Solution at RSPA RetailNOW Conference in Las VegasSurgePays, Inc. announced its subsidiary, ClearLine, will launch its innovative point-of-sale (POS) marketing solution at this month's RSPA RetailNOW Conference in Las Vegas. The ClearLine digital marketing platform and touchscreen display provides a highly efficient turnkey solution for merchants seeking to boost retail sales through increased customer engagement by allowing merchants to capture more customer information through incentivized interactions. This additional customer information can enhance target marketing campaigns, increase customer spending, capture valuable reviews and feedback, gather customer data, and digitize loyalty program enrollment. Exhibiting in booth #1037, ClearLine will demonstrate its newest integrations with Clover and PAX POS terminals. These allow clients to manage all their in-store and POS marketing channels from one unified dashboard. ClearLine plans to have additional integrations with devices from Ingenico, Verifone, and Dejavoo in the near future as well.分析記事 • Jul 17Little Excitement Around SurgePays, Inc.'s (NASDAQ:SURG) EarningsWhen close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$3.23, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Wireless Telecom industry in the US. Total loss to shareholders of 48% over the past three years.Recent Insider Transactions • Jul 05President recently sold US$64k worth of stockOn the 2nd of July, Kevin Cox sold around 21k shares on-market at roughly US$3.05 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kevin has been a net seller over the last 12 months, reducing personal holdings by US$39k.Major Estimate Revision • Jun 09Consensus EPS estimates fall by 83%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$96.7m to US$100.4m. EPS estimate fell from US$0.03 to US$0.005 per share. Net income forecast to shrink 79% next year vs 4.4% growth forecast for Wireless Telecom industry in the US . Consensus price target down from US$7.00 to US$6.75. Share price rose 17% to US$4.28 over the past week.Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$4.28, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Wireless Telecom industry in the US. Total loss to shareholders of 38% over the past three years.Major Estimate Revision • May 31Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$96.7m to US$81.6m. Forecast loss of -US$0.115, down from profit of US$0.03 per share profit previously. Wireless Telecom industry in the US expected to see average net income growth of 24% next year. Consensus price target of US$7.00 unchanged from last update. Share price fell 6.6% to US$3.67 over the past week.分析記事 • May 21The Trend Of High Returns At SurgePays (NASDAQ:SURG) Has Us Very InterestedWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...Major Estimate Revision • May 20Consensus EPS estimates fall by 85%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.207 to US$0.03 per share. Revenue forecast steady at US$96.7m. Net income forecast to shrink 77% next year vs 21% growth forecast for Wireless Telecom industry in the US . Consensus price target of US$7.00 unchanged from last update. Share price rose 12% to US$4.22 over the past week.Reported Earnings • May 15First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: US$0.069 (down from US$0.32 in 1Q 2023). Revenue: US$31.4m (down 9.6% from 1Q 2023). Net income: US$1.22m (down 73% from 1Q 2023). Profit margin: 3.9% (down from 13% in 1Q 2023). Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 53%. Revenue is expected to decline by 9.4% p.a. on average during the next 2 years, while revenues in the Wireless Telecom industry in the US are expected to grow by 3.4%. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.Major Estimate Revision • May 07Consensus EPS estimates fall by 49%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$118.0m to US$114.2m. EPS estimate also fell from US$0.507 per share to US$0.26 per share. Net income forecast to shrink 45% next year vs 24% growth forecast for Wireless Telecom industry in the US . Consensus price target of US$7.00 unchanged from last update. Share price rose 4.9% to US$3.82 over the past week.分析記事 • Apr 25What Is SurgePays, Inc.'s (NASDAQ:SURG) Share Price Doing?While SurgePays, Inc. ( NASDAQ:SURG ) might not have the largest market cap around , it saw significant share price...Major Estimate Revision • Apr 02Consensus EPS estimates fall by 45%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$135.5m to US$122.0m. EPS estimate also fell from US$1.00 per share to US$0.55 per share. Net income forecast to shrink 31% next year vs 30% growth forecast for Wireless Telecom industry in the US . Consensus price target down from US$11.50 to US$10.00. Share price was steady at US$3.84 over the past week.New Risk • Apr 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 19% per year for the foreseeable future. High level of non-cash earnings (86% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). Market cap is less than US$100m (US$74.2m market cap).Valuation Update With 7 Day Price Move • Mar 29Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$3.85, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 16x in the Wireless Telecom industry in the US. Total loss to shareholders of 69% over the past three years.収支内訳SurgePays の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NasdaqCM:SURG 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Dec 2557-3620030 Sep 2550-4220030 Jun 2536-4922031 Mar 2540-5526031 Dec 2461-4627030 Sep 2484-2327030 Jun 24113-224031 Mar 241341720031 Dec 231372117030 Sep 231412113030 Jun 231431213031 Mar 23135512031 Dec 22122-113030 Sep 2299-1112030 Jun 2278-1113031 Mar 2261-1013031 Dec 2151-1412030 Sep 2148-911030 Jun 2146-1012031 Mar 2150-1213031 Dec 2054-1113030 Sep 2057-1113030 Jun 2049-1010031 Mar 2038-1011031 Dec 1926-810030 Sep 1916-612030 Jun 1915-611031 Mar 1916-49031 Dec 1815-28030 Sep 181507030 Jun 181436031 Mar 181435031 Dec 171335031 Dec 1612-260質の高い収益: SURGは現在利益が出ていません。利益率の向上: SURGは現在利益が出ていません。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: SURGは利益が出ておらず、過去 5 年間で損失は年間32.1%の割合で増加しています。成長の加速: SURGの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。収益対業界: SURGは利益が出ていないため、過去 1 年間の収益成長をWireless Telecom業界 ( -11.5% ) と比較することは困難です。株主資本利益率高いROE: SURGの負債は資産を上回っているため、自己資本利益率を計算することは困難です。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YTelecom 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/20 05:27終値2026/05/20 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋SurgePays, Inc. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Edward WooAscendiant Capital Markets LLCMichael DianaMaxim GroupAnja Marie SoderstromSidoti & Company, LLC
お知らせ • May 11SurgePays, Inc. to Report Q1, 2026 Results on May 15, 2026SurgePays, Inc. announced that they will report Q1, 2026 results Pre-Market on May 15, 2026
Reported Earnings • Nov 14Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: US$0.38 loss per share (improved from US$0.72 loss in 3Q 2024). Revenue: US$18.7m (up 292% from 3Q 2024). Net loss: US$7.49m (loss narrowed 48% from 3Q 2024). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 162%. Revenue is forecast to grow 93% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 03SurgePays, Inc. to Report Q3, 2025 Results on Nov 12, 2025SurgePays, Inc. announced that they will report Q3, 2025 results on Nov 12, 2025
Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: US$0.36 loss per share (improved from US$0.66 loss in 2Q 2024). Revenue: US$11.5m (down 24% from 2Q 2024). Net loss: US$7.08m (loss narrowed 45% from 2Q 2024). Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 85%. Revenue is forecast to grow 90% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 05SurgePays, Inc. to Report Q2, 2025 Results on Aug 13, 2025SurgePays, Inc. announced that they will report Q2, 2025 results After-Market on Aug 13, 2025
Reported Earnings • May 15First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: US$0.38 loss per share (down from US$0.069 profit in 1Q 2024). Revenue: US$10.6m (down 66% from 1Q 2024). Net loss: US$7.64m (down US$8.86m from profit in 1Q 2024). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 84% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
お知らせ • May 16SurgePays, Inc. announced delayed 10-Q filingOn 05/15/2026, SurgePays, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
お知らせ • May 11SurgePays, Inc. to Report Q1, 2026 Results on May 15, 2026SurgePays, Inc. announced that they will report Q1, 2026 results Pre-Market on May 15, 2026
ナラティブの更新 • May 03SURG: Higher Future P/E Will Support Upside Despite Margin And Listing RisksAnalysts have trimmed their price target on SurgePays by $4.75, citing updated assumptions on profit margins and future P/E levels, even as fair value, discount rate, and revenue growth inputs remain broadly consistent. Analyst Commentary Bullish Takeaways Bullish analysts view the updated price target trim as mainly reflecting refreshed assumptions on profit margins and P/E levels, rather than a shift in views on the company’s core business or revenue potential.
お知らせ • Apr 29SurgePays, Inc., Annual General Meeting, Jun 16, 2026SurgePays, Inc., Annual General Meeting, Jun 16, 2026.
お知らせ • Apr 23SurgePays, Inc. Advances AI Decisioning Platform Focused On Increasing Revenue Per User Across The Subprime MarketSurgePays, Inc. announced it is advancing a real time AI decisioning platform built on ProgramBenefits.com and its nationwide retail network, which together capture verified consumer data and engagement at scale. The system is designed to expand each customer interaction into a multi-product revenue opportunity while increasing engagement across wireless, financial services, and other essential offerings. The system evaluates eligibility, predicts conversion probability, and ranks opportunities in real time to determine the next best action for each user. Instead of returning a single product outcome, it expands each interaction into multiple qualified opportunities across wireless, financial services, healthcare savings, and other essential services within a single session. The system will capture user behavior and outcomes to continuously improve decisioning accuracy over time. This supports the development of a proprietary dataset, optimized conversion models, and an expected increase in revenue per user as the system scales. Initial development is focused on integrating the decisioning engine into the Company’s existing CRM and POS infrastructure, including ProgramBenefits.com and its in-store distribution channels. Phase one prioritizes expanding the product set by integrating additional financial and service-based offerings into existing wireless and benefits channels.
ナラティブの更新 • Apr 17SURG: Premium Future P/E Will Support Upside Despite Lower Margin AssumptionsAnalysts lowered their price target on SurgePays by $4.75 to $5.00, reflecting updated assumptions for slower revenue growth, a lower profit margin of 3.16% and a higher future P/E of about 43.53x. Analyst Commentary Bullish Takeaways Bullish analysts still see upside potential relative to the revised US$5.00 price target, given the higher assumed P/E of about 43.53x.
お知らせ • Apr 01+ 1 more updateSurgePays, Inc. announced delayed annual 10-K filingOn 03/31/2026, SurgePays, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
お知らせ • Mar 28SurgePays Inc. Launches Managed Marketing Services PlatformSurgePays, Inc. announced the launch of the SurgePays Managed Marketing Services platform, a centrally managed in-store digital marketing network to be deployed across the Company’s growing nationwide retail footprint. The SurgePays Managed Marketing Services platform utilizes smart TVs installed in retail locations to replace traditional printed signage with dynamic, digitally managed content. Through the Company’s proprietary software platform, SurgePays can remotely control and update an unlimited lineup of static and video advertisements in rotation across its retail network in real time. This platform transforms traditional in-store signage into a centrally managed digital media network that can be scaled across the Company’s entire retail footprint. As the Company continues expanding its retail footprint, each additional screen should increase SurgePays’ ability to acquire customers, promote its services, and generate advertising and marketing revenue across its network. By deploying centrally managed digital screens in these locations, the intent is to build a retail media network that allows brands and service providers to reach consumers directly inside neighborhood stores where purchasing decisions are frequently made. This platform will become an important part of the Company’s long-term strategy by supporting customer acquisition for LinkUp Mobile and Torch Wireless while also creating a new, high-margin marketing and advertising revenue stream as the number of connected retail locations continues to grow.
お知らせ • Mar 25SurgePays, Inc. Announces Non-Compliance Notices from NasdaqOn March 18, 2026, SurgePays, Inc. (the Company) received a written notice (the MVLS Notice) from the Listing Qualifications Department of The Nasdaq Stock Market (Nasdaq) indicating that the Company no longer meets the minimum market value of listed securities (MVLS) of $35,000,000 (the MVLS Requirement) set forth in Nasdaq's Listing Rules (the Rules). On March 23, 2026, the Company received a written notice (the Bid Price Notice and together with the MVLS Notice collectively the Notices) from the Nasdaq Listing Qualifications Department indicating that the Company is not in compliance with the $1.00 minimum bid price requirement (the Bid Price Requirement) set forth in the Rules. The Notice has no immediate effect on the listing or trading of the Company's securities, except that an indicator will be displayed with quotation information related to the Company's securities on NASDAQ.com and NASDAQTrader.com and may be displayed by other third-party providers of market data information. If the Company fails to timely regain compliance with the Rules, the Company's securities will be subject to delisting from Nasdaq. Under the Rules, the Company has (i) 180 calendar days, or until September 14, 2026, to regain compliance with the MVLS Requirement, and (ii) 180 calendar days, or until September 21, 2026, to regain compliance with the Bid Price Requirement. If the Company's MVLS closes at $35,000,000 or more for a minimum of ten consecutive business days during the relevant 180-day period described above, Nasdaq will provide the Company with written confirmation of compliance with respect to the MVLS Requirement, and the matter will be closed. If the bid price of the Company's common stock closes at or above $1.00 per share for a minimum of ten consecutive business days during the relevant 180-period described above, Nasdaq will provide the Company with written confirmation of compliance with respect to the Bid Price Requirement, and the matter will be closed. If the Company fails to regain compliance with the Bid Price Requirement prior to the expiration of the initial 180-day period, the Company may be eligible for an additional 180 calendar day period to regain compliance with the Bid Price Requirement, provided (i) the Company meets the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market (except for the Bid Price Requirement), and (ii) it provides written notice to Nasdaq of its intention to cure this deficiency during the second compliance period. If the Company's common stock ultimately were to be delisted for any reason, it could negatively impact the Company by (i) reducing the liquidity and market price of the Company's common stock; (ii) reducing the number of investors willing to hold or acquire the Company's common stock, which could negatively impact the Company's ability to raise equity financing; (iii) limiting the Company's ability to use a registration statement to offer and sell freely tradable securities, thereby preventing the Company from accessing the public capital markets; and (iv) impairing the Company's ability to provide equity incentives to its employees.
New Risk • Jan 30New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-US$6.4m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.5m net loss next year). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (US$27.4m market cap).
New Risk • Jan 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Negative equity (-US$6.4m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$5.5m net loss next year). Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (US$28.8m market cap).
分析記事 • Jan 22Take Care Before Jumping Onto SurgePays, Inc. (NASDAQ:SURG) Even Though It's 26% CheaperTo the annoyance of some shareholders, SurgePays, Inc. ( NASDAQ:SURG ) shares are down a considerable 26% in the last...
お知らせ • Jan 22SurgePays, Inc. has completed a Follow-on Equity Offering in the amount of $2.5 million.SurgePays, Inc. has completed a Follow-on Equity Offering in the amount of $2.5 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,000,000 Price\Range: $1.25 Discount Per Security: $0.0875
お知らせ • Jan 21SurgePays, Inc. has filed a Follow-on Equity Offering.SurgePays, Inc. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Security Name: Pre-Funded Warrants Security Type: Equity Warrant
お知らせ • Jan 15SurgePays, Inc. Appoints Chelsea Pullano as Interim Chief Financial Officer, Effective as of January 14, 2026SurgePays, Inc. announced that effective as of January 14, 2026, the Board appointed Chelsea Pullano as interim Chief Financial Officer to fill the vacancy created by the previous separation with Tony Evers. Ms. Pullano's appointment is in connection with the Company's entry into the master services agreement with MACK Financial Solutions LLC on January 9, 2026, pursuant to which MACK shall provide outsourced financial, accounting, and executive financial services to the Company as requested by the Company from time to time, including, without limitation, Chief Financial Officer services, accounting oversight, bookkeeping, financial reporting, and public-company financial compliance support (collectively, the Services"). Ms. Pullano's role as Chief Financial Officer will be on a part-time basis, and Ms. Pullano will spend no less than 40 hours per month in such capacity as Chief Financial Officer providing the Services as described herein. Ms. Pullano is a financial executive with experience supporting public and private companies in accounting, financial reporting, and strategic finance. Since May 2023, Ms. Pullano has been a partner and serves as Chief Executive Officer of MACK, an accounting and advisory firm that provides outsourced financial and accounting services to growth-stage and public companies. From June 29, 2020 to May 2023, Ms. Pullano served as Chief Financial Officer of Creatd, Inc, and from September 2024 to March 2025, she served as Director of Finance at Lucosky Brookman LLP.
お知らせ • Jan 08SurgePays, Inc. Announces Board and Committee ChangesEffective January 2, 2026, Richard Schurfeld resigned as a member of the Board of Directors (the “Board”), including all committee appointments, of SurgePays, Inc. Mr. Schurfeld’s departure is for personal reasons and v is not the result of any disagreement with management or the Company’s Board on any matter relating to the Company’s operations, policies or practices. On January 5, 2026, the Board appointed current director David May to each of the Company’s Audit, Compensation, and Nominating and Corporate Governance Committee of the Board, to replace the positions left vacant by Mr. Schurfeld’s resignation from the Board. The Board also appointed Mr. May as chairperson of the Nominating and Corporate Governance Committee.
Board Change • Jan 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Laurie Weisberg was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • Dec 22Price target increased by 8.3% to US$9.75Up from US$9.00, the current price target is provided by 1 analyst. New target price is 498% above last closing price of US$1.63. Stock is down 8.9% over the past year. The company is forecast to post a net loss per share of US$1.28 next year compared to a net loss per share of US$2.39 last year.
New Risk • Dec 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$26m free cash flow). Negative equity (-US$6.4m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$3.9m net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$34.9m market cap).
Recent Insider Transactions • Dec 13Non-Independent Director recently bought US$62k worth of stockOn the 10th of December, David May bought around 38k shares on-market at roughly US$1.60 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$74k more in shares than they bought in the last 12 months.
Recent Insider Transactions Derivative • Dec 05Chief Financial Officer notifies of intention to sell stockAnthony Evers intends to sell 176k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of December. If the sale is conducted around the recent share price of US$1.70, it would amount to US$299k. Since March 2025, Anthony has owned 183.19k shares directly. Company insiders have collectively sold US$136k more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Dec 05Surgepays, Inc. Announces the Addition of Three Lead Generation Aggregators to Its Programbenefits PlatformSurgePays, Inc. announced the addition of three lead generation aggregators to its ProgramBenefits platform. These integrations continue the expansion into subprime consumers seeking wireless service, credit solutions, and everyday benefit programs. The three aggregators add meaningful momentum to the ProgramBenefits initiative by routing an expected 10,000 new subprime leads per day at full scale. The consumer data intake platform is built to lower wireless subscriber acquisition costs while creating multiple revenue opportunities from each consumer. All incoming traffic flows through SurgePays' proprietary LogicsIQ engine, where each consumer is matched with the next best offer across wireless, credit, financial services, healthcare savings, and everyday lifestyle benefits. This creates a predictable monetization cycle with recurring opportunities to grow revenue. Increasing traffic to ProgramBenefits.com improves the economics of every subscriber the company activate. By transitioning from field sales to this lead-generation model, can now scale wireless subscribers nationwide much faster and at a significantly lower acquisition cost, which reduces overall cost of revenue. Most importantly, this model provides a clear path to scale with no foreseeable plateau," said Brian Cox, Chief Executive Officer of SurgePays. "Commissions and revenue share from complementary product sales quickly cover the cost of each lead. This data-driven model reduces wireless subscriber acquisition costs while shortening the timeframe for a customer to become profitable. At scale, the company believe it can eliminate acquisition costs altogether. Ultimately, its ability to build and monetize a large base of subprime consumer data records should generate significant revenue while creating a highly valuable and usable asset. The company believe this positions SurgePays for a breakout revenue year in 2026." SurgePays' dual position as both a mobile telecom provider and a fintech enabler gives the company a distinct advantage within the 138 million adult subprime sector. This allows SurgePays to reach and monetize consumers across digital channels and through its nationwide growing network of more than 9,000 retail locations. The continued expansion of the ProgramBenefits platform adds complementary growth verticals to the company's existing revenue channels: subsidized wireless, prepaid MVNO, prepaid top-up POS, and ClearLine SaaS.
New Risk • Nov 20New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$42m Forecast net loss in 1 year: US$3.9m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$26m free cash flow). Negative equity (-US$6.4m). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$3.9m net loss next year). Market cap is less than US$100m (US$40.8m market cap).
お知らせ • Nov 15SurgePays, Inc. Unveils ProgramBenefits.com as Next Phase in Data Monetization StrategySurgePays, Inc. announced the next phase of its data monetization strategy with the launch of ProgramBenefits.com, a SurgePays platform developed to convert verified benefit-qualified consumers into measurable, recurring revenue opportunities. Previously, the Company announced the launch of its new Growth Marketing and Data Partnerships Division to transform its expanding consumer data ecosystem into a scalable, high-margin revenue growth engine. The launch represents the direct execution of SurgePays' Growth Marketing and Data Partnerships roadmap, led by Vice President James Herber. ProgramBenefits.com serves as the company's public-facing consumer portal and intake engine, connecting individuals who receive government benefits to a broad range of complementary products and services--from wireless and prepaid debit cards to health programs, open enrollment options, medical equipment, and financial offers. The platform was built by reengineering SurgePays' legacy LogicsIQ system into a modernized data intake and qualification engine tailored specifically for the underserved consumer segment. By leveraging its advanced infrastructure of affiliate and publisher management architecture, SurgePays can now generate revenue from both marketing qualified leads to partners and from converting those consumers into wireless subscribers through its own brands, including Torch Wireless and LinkUp Mobile. By integrating proprietary technology, consumer verification, and data analytics, SurgePays is positioned to serve the over 137 million Americans who are classified as underserved or subprime. These households frequently qualify for government assistance programs yet remain largely overlooked by traditional marketers. ProgramBenefits.com creates a direct digital gateway to this demographic, transforming verified consumer interest into measurable, high-value outcomes.
Reported Earnings • Nov 14Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: US$0.38 loss per share (improved from US$0.72 loss in 3Q 2024). Revenue: US$18.7m (up 292% from 3Q 2024). Net loss: US$7.49m (loss narrowed 48% from 3Q 2024). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 162%. Revenue is forecast to grow 93% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.
分析記事 • Nov 14It's Down 28% But SurgePays, Inc. (NASDAQ:SURG) Could Be Riskier Than It LooksSurgePays, Inc. ( NASDAQ:SURG ) shareholders won't be pleased to see that the share price has had a very rough month...
お知らせ • Nov 03SurgePays, Inc. to Report Q3, 2025 Results on Nov 12, 2025SurgePays, Inc. announced that they will report Q3, 2025 results on Nov 12, 2025
お知らせ • Oct 16SurgePays, Inc. Provides Revenue Guidance for Third Quarter of 2025 and Affirms Revenue Guidance for Full Year 2026SurgePays, Inc. provided revenue guidance for third quarter of 2025 and affirms revenue guidance for full year 2026. For the quarter, the company estimated its revenue to increase sequentially by more than 60%. For the year 2026, the Company affirmed 2026 full year revenue guidance of $225 million.
Price Target Changed • Oct 03Price target increased by 8.6% to US$9.50Up from US$8.75, the current price target is provided by 1 analyst. New target price is 251% above last closing price of US$2.71. Stock is up 52% over the past year. The company is forecast to post a net loss per share of US$0.80 next year compared to a net loss per share of US$2.39 last year.
お知らせ • Oct 03SurgePays, Inc. Announces Non-Renewal of Chief Financial Officer Anthony Evers' Employment Agreement Upon its Expiration on December 31, 2025SurgePays, Inc. announced that the company has provided notice to Anthony Evers, Chief Financial Officer of the company that his employment agreement as CFO will not be renewed upon its expiration on December 31, 2025. Mr. Evers and the Company intend to discuss his continuing service and position with the Company.
分析記事 • Sep 16Market Might Still Lack Some Conviction On SurgePays, Inc. (NASDAQ:SURG) Even After 47% Share Price BoostSurgePays, Inc. ( NASDAQ:SURG ) shareholders would be excited to see that the share price has had a great month...
お知らせ • Aug 29SurgePays, Inc. Launches ClearLine Across All Market Basket Stores, Driving High-Margin Recurring SaaS Revenue Through Nationwide Retail Media RolloutSurgePays, Inc. announced the full deployment of smart digital advertising and content display units across all 17 Market Basket Food Stores in North Carolina through SurgePays' innovative ClearLine software-as-a-service (SaaS) platform. ClearLine transforms mounted flat screens into fully connected retail media hubs, capable of running video ads, dynamic promotions, coupons and QR codes in real-time. ClearLine provides retailers with a reliable way to engage shoppers, foster brand loyalty and unlock new advertising revenue streams. The addition of smart technology in-store will enable control over advertising, the rotation of ads, the ability to play videos and facilitate promotions through coupons and QR codes. By replacing outdated and unreliable signage, ClearLine empowers store owners to run dynamic, targeted campaigns that boost shopper engagement and brand loyalty, while simultaneously creating new advertising revenue streams that drive measurable ROI for both retailers and SurgePays. This deployment highlights ClearLine's ability to turn a long-standing retail challenge into a scalable, high-margin, subscription-based revenue opportunity delivering value not only to retailers and brand partners, but also to SurgePays shareholders. Each location that has adopted this in-store digital advertising technology will carry and be tied to SurgePays' point-of-sale ClearLine software. Market Basket selected SurgePays' ClearLine platform to overcome the shortcomings of legacy digital signage, which typically consists of flat screens with USB drives displaying rotating photos. With ClearLine, stores can now run dynamic, dayparted campaigns from promoting fresh morning coffee to highlighting afternoon beverage specials alongside sponsored brand messages. This capability not only enhances the in-store customer experience but also delivers measurable sales lift at the point of purchase, proving ClearLine's value as a revenue-driving solution for SurgePays' scalable growth strategy.
Major Estimate Revision • Aug 20Consensus revenue estimates fall by 20%The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$94.2m to US$75.5m. Forecast losses increased from -US$0.40 to -US$0.86 per share. Wireless Telecom industry in the US expected to see average net income growth of 1.8% next year. Consensus price target of US$9.00 unchanged from last update. Share price fell 19% to US$2.33 over the past week.
Reported Earnings • Aug 15Second quarter 2025 earnings: EPS and revenues miss analyst expectationsSecond quarter 2025 results: US$0.36 loss per share (improved from US$0.66 loss in 2Q 2024). Revenue: US$11.5m (down 24% from 2Q 2024). Net loss: US$7.08m (loss narrowed 45% from 2Q 2024). Revenue missed analyst estimates by 29%. Earnings per share (EPS) also missed analyst estimates by 85%. Revenue is forecast to grow 90% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 14SurgePays, Inc. Provides Revenue Guidance for the 2025 and 2026SurgePays, Inc. provided revenue guidance for the 2025 and 2026. The company now expected 2025 revenue to be $75 million - $90 million, and 2026 revenue to be $225 million - $240 million, driven by accelerating subscriber growth, new distribution partnerships, expansion of its high-margin wholesale platform, and continued growth of its prepaid POS fintech network.
お知らせ • Aug 06SurgePays, Inc. has filed a Follow-on Equity Offering in the amount of $15 million.SurgePays, Inc. has filed a Follow-on Equity Offering in the amount of $15 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
お知らせ • Aug 05SurgePays, Inc. to Report Q2, 2025 Results on Aug 13, 2025SurgePays, Inc. announced that they will report Q2, 2025 results After-Market on Aug 13, 2025
Major Estimate Revision • Jun 17Consensus EPS estimates fall from profit to US$0.40 loss, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$88.3m to US$94.2m. Now expected to report loss of -US$0.40 instead of US$0.00 per share profit. Wireless Telecom industry in the US expected to see average net income growth of 17% next year. Consensus price target up from US$8.75 to US$9.00. Share price fell 3.2% to US$2.69 over the past week.
New Risk • Jun 16New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$55m Forecast net loss in 1 year: US$4.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (26% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$4.6m net loss next year). Significant insider selling over the past 3 months (US$177k sold). Market cap is less than US$100m (US$52.7m market cap).
Recent Insider Transactions • Jun 12Non-Independent Director recently sold US$177k worth of stockOn the 6th of June, David May sold around 63k shares on-market at roughly US$2.81 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$817k more than they bought in the last 12 months.
Reported Earnings • May 15First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: US$0.38 loss per share (down from US$0.069 profit in 1Q 2024). Revenue: US$10.6m (down 66% from 1Q 2024). Net loss: US$7.64m (down US$8.86m from profit in 1Q 2024). Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 7.0%. Revenue is forecast to grow 84% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
お知らせ • May 14SurgePays, Inc. Reaffirms Earnings Guidance for the Year 2025SurgePays, Inc. reaffirmed earnings guidance for the year 2025. With the nationwide launch of LinkUp Mobile and a growing pipeline of MVNE partnerships, the company expects to surpass $200 million in revenue over the next 12 months beginning April 1, 2025.
分析記事 • May 14SurgePays, Inc.'s (NASDAQ:SURG) Shares Leap 49% Yet They're Still Not Telling The Full StorySurgePays, Inc. ( NASDAQ:SURG ) shares have continued their recent momentum with a 49% gain in the last month alone...
お知らせ • May 14SurgePays, Inc. announced that it expects to receive $6 million in fundingSurgePays, Inc. announced that it has entered into a senior secured convertible note agreement with a current institutional shareholder to issue convertible note with principal amount of $7,000,000 for gross proceeds of $6,000,000 on May 13, 2025. The notes will be convertible into shares of the company's common stock at a fixed price of $4 per share. The note will mature two years from the date of issuance.
Price Target Changed • May 13Price target increased by 30% to US$8.75Up from US$6.75, the current price target is provided by 1 analyst. New target price is 160% above last closing price of US$3.36. Stock is down 21% over the past year. The company is forecast to post a net loss per share of US$0.057 next year compared to a net loss per share of US$2.39 last year.
お知らせ • May 06SurgePays, Inc. to Report Q1, 2025 Results on May 13, 2025SurgePays, Inc. announced that they will report Q1, 2025 results After-Market on May 13, 2025
新しいナラティブ • Apr 29MVNE And LinkUp Mobile Expansion Will Drive Sustainable Cash Flow Transitioning to an MVNE model and agreements with major networks are set to boost cash flow and profitability.
お知らせ • Apr 25SurgePays Promotes Derron Winfrey to President, Sales and OperationsSurgePays, Inc. announced the promotion of Derron Winfrey to the role of President, Sales and Operations. Winfrey will oversee SurgePays' expanding sales organization with a focus on scaling the Company's core offerings: LinkUp Mobile prepaid wireless service, prepaid top-ups and financial services, federal Lifeline programs, and the Clearline marketing and customer engagement platform. He will also lead the operational buildout of the Company's new sales center in El Salvador and drive enhancements to customer onboarding and experience by leveraging data intelligence across the organization. A fintech and wireless industry pioneer with over 25 years of experience, Winfrey joined SurgePays through its 2019 acquisition of ECS Prepaid, a company he founded. Since then, he has helped transform SurgePays' go-to-market strategy, building out the prepaid business platform, scaling the ISO channel, and preparing the Company's LinkUp Mobile MVNO for direct market launch with AT&T. Winfrey's leadership philosophy centers on investing in people and building high-performing teams. Prior to joining SurgePays, Winfrey was president of Electronic Check Services (ECS), a company offering merchants and ISO channel partners a full suite of check processing services. He also founded and served as president of ECS Prepaid, a business providing prepaid cellular phone reloads, bill payments, gift cards and loyalty programs. To power the processing of ECS Prepaid, Mr. Winfrey created the concept and helped launch Softgate Systems, a fintech product processing company, in 2007, where he served as president until 2009. During that time, Softgate grew in volume by nearly 110% by providing processing services for 12 other companies in addition to both ECS and ECS Prepaid. Softgate Systems was acquired in 2009 by In Person Payments (IPP). In 2011, under Winfrey's leadership, ECS Prepaid earned several honors, including ranking 69 in Inc. Magazine's List of Fastest Growing Companies in North America and being named the Fastest Growing Company in Southwest Missouri by the Springfield Business Journal. He served for six years on the Petroleum Marketers Advisory Council, including two years as vice president and two years as president, for a four-state Midwest region creating market concepts for the Midwest convenience store industry. In 2012, Winfrey was named top entrepreneur business person in Springfield, Mo. by the Springfield Business Journal. He is a member of the Springfield Business Journal's 40 Under 40 Class of 2009 and has been honored in the publication's list of 12 People You Should Know and Top 12 Businesspeople in Southwest Missouri. Born in Oklahoma City, Okla., Winfrey earned his bachelor's degree in communications at Wichita State University. He resides in Springfield with his wife, Paula. He enjoys cheering for the Kansas State University football team and spends quality time with his three children and six grandchildren.
Major Estimate Revision • Apr 23Consensus revenue estimates increase by 15%, EPS downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$111.5m to US$128.6m. EPS estimate fell from -US$0.19 to -US$0.21 per share. Wireless Telecom industry in the US expected to see average net income growth of 35% next year. Consensus price target broadly unchanged at US$6.88. Share price rose 11% to US$2.63 over the past week.
分析記事 • Apr 23Is SurgePays (NASDAQ:SURG) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
お知らせ • Apr 14SurgePays, Inc., Annual General Meeting, May 15, 2025SurgePays, Inc., Annual General Meeting, May 15, 2025.
Major Estimate Revision • Apr 01Consensus revenue estimates increase by 17%, EPS downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$95.1m to US$111.5m. EPS estimate fell from -US$0.162 to -US$0.19 per share. Wireless Telecom industry in the US expected to see average net income growth of 35% next year. Consensus price target up from US$5.75 to US$6.75. Share price rose 62% to US$2.23 over the past week.
分析記事 • Mar 27SurgePays, Inc. (NASDAQ:SURG) Stock Rockets 75% But Many Are Still Ignoring The CompanySurgePays, Inc. ( NASDAQ:SURG ) shareholders would be excited to see that the share price has had a great month...
Price Target Changed • Mar 26Price target increased by 13% to US$6.75Up from US$6.00, the current price target is an average from 2 analysts. New target price is 187% above last closing price of US$2.35. Stock is down 37% over the past year. The company is forecast to post a net loss per share of US$0.67 next year compared to a net loss per share of US$2.39 last year.
お知らせ • Mar 26Surgepays, Inc. Provides Earnings Guidance for First Quarter and Full Year 2025SurgePays, Inc. provides earnings guidance for first quarter and full year 2025. SurgePays expects first quarter 2025 revenue to remain consistent with Quarter four of 2024. With the national launch of LinkUp Mobile and expanding MVNE partnerships, revenue is projected to exceed $200 million over the next 12 months and the Company anticipates achieving positive cash flow from operations before the end of 2025.
お知らせ • Mar 11SurgePays, Inc. to Report Q4, 2024 Results on Mar 25, 2025SurgePays, Inc. announced that they will report Q4, 2024 results After-Market on Mar 25, 2025
お知らせ • Jan 24SurgePays, Inc. Appoints Mark Garner as Executive Vice PresidentSurgePays, Inc. announced 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 2019 as vice president of technology, Garner has been instrumental in driving technological advancements and operational excellence. In his expanded role, he will oversee the integration of SurgePays' platforms—SurgePays, Shockwave and ClearLine—with wireless and financial technology partners globally. Garner will also collaborate closely with internal teams across sales, marketing, accounting, programming and contractors to ensure seamless alignment with the Company's ambitious short- and long-term objectives. Before joining SurgePays, Garner served as vice president of operations at ECS Prepaid, where he played a pivotal role in enabling merchant partners to offer prepaid cellular top-ups, activations and other financial services. SurgePays acquired ECS Prepaid in 2019 to expand its portfolio of financial services and capabilities for its rapidly growing network of independent convenience stores. Garner's expertise has been key to successfully integrating partners and vendors into SurgePays' platform ecosystem.
New Risk • Jan 15New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Significant insider selling over the past 3 months (US$242k sold). Market cap is less than US$100m (US$32.0m market cap).
分析記事 • Jan 14Is SurgePays (NASDAQ:SURG) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Recent Insider Transactions • Dec 05CFO & Acting COO recently sold US$68k worth of stockOn the 2nd of December, Anthony Evers sold around 37k shares on-market at roughly US$1.86 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anthony has been a net seller over the last 12 months, reducing personal holdings by US$329k.
分析記事 • Nov 29Investors Appear Satisfied With SurgePays, Inc.'s (NASDAQ:SURG) Prospects As Shares Rocket 25%SurgePays, Inc. ( NASDAQ:SURG ) shareholders would be excited to see that the share price has had a great month...
Major Estimate Revision • Nov 19Consensus EPS estimates fall by 43%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -US$1.11 to -US$1.59 per share. Revenue forecast unchanged at US$60.0m. Wireless Telecom industry in the US expected to see average net income growth of 61% next year. Consensus price target of US$6.00 unchanged from last update. Share price fell 8.2% to US$1.56 over the past week.
Price Target Changed • Nov 17Price target increased by 57% to US$9.00Up from US$5.75, the current price target is provided by 1 analyst. New target price is 488% above last closing price of US$1.53. Stock is down 74% over the past year. The company is forecast to post a net loss per share of US$1.59 compared to earnings per share of US$1.45 last year.
Reported Earnings • Nov 14Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: US$0.72 loss per share (down from US$0.50 profit in 3Q 2023). Revenue: US$4.77m (down 86% from 3Q 2023). Net loss: US$14.3m (down 302% from profit in 3Q 2023). Revenue missed analyst estimates by 45%. Earnings per share (EPS) also missed analyst estimates by 174%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Wireless Telecom industry in the US. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Nov 05SurgePays, Inc. to Report Q3, 2024 Results on Nov 12, 2024SurgePays, Inc. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024
Recent Insider Transactions Derivative • Nov 04CFO & Acting COO notifies of intention to sell stockAnthony Evers intends to sell 37k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of November. If the sale is conducted around the recent share price of US$1.60, it would amount to US$59k. Since March 2024, Anthony's direct individual holding has increased from 3.87k shares to 288.26k. Company insiders have collectively sold US$459k more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Nov 01SurgePays Hit By Sharp Revenue Decline (Rating Downgrade)Summary Q2 2024 sales fell sharply to $15.1 million from $35.9 million, primarily due to ACP funding cuts. Gross profit dropped to a -$3.4 million loss in Q2 from a $10 million profit in Q2 2023. Transition to non-subsidized LinkUp Mobile raised costs to retain 280K subscribers, straining cash reserves and profit margins. SG&A expenses surged 101% year-over-year in Q2, driven by stock compensation and consulting fees, worsening cash flow. The announced $5 million stock buyback (~16.5% of market cap) signals management’s confidence, despite ongoing financial challenges. Read the full article on Seeking Alpha
分析記事 • Oct 06SurgePays, Inc. (NASDAQ:SURG) Held Back By Insufficient Growth Even After Shares Climb 29%Those holding SurgePays, Inc. ( NASDAQ:SURG ) shares would be relieved that the share price has rebounded 29% in the...
Recent Insider Transactions • Oct 06President recently sold US$57k worth of stockOn the 2nd of October, Kevin Cox sold around 32k shares on-market at roughly US$1.75 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$87k. Kevin has been a net seller over the last 12 months, reducing personal holdings by US$260k.
Recent Insider Transactions Derivative • Oct 04CFO & Acting COO notifies of intention to sell stockAnthony Evers intends to sell 37k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of October. If the sale is conducted around the recent share price of US$1.67, it would amount to US$61k. Since March 2024, Anthony's direct individual holding has increased from 3.87k shares to 258.26k. Company insiders have collectively sold US$402k more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Sep 06CFO & Acting COO recently sold US$56k worth of stockOn the 4th of September, Anthony Evers sold around 37k shares on-market at roughly US$1.53 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$110k. Anthony has been a net seller over the last 12 months, reducing personal holdings by US$202k.
Recent Insider Transactions Derivative • Sep 05President notifies of intention to sell stockKevin Cox intends to sell 35k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of September. If the sale is conducted around the recent share price of US$1.64, it would amount to US$58k. For the year to December 2019, Kevin's total compensation was 34% salary and 66% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Kevin's direct individual holding has increased from 5.45m shares to 5.74m. Company insiders have collectively sold US$297k more than they bought, via options and on-market transactions in the last 12 months.
Major Estimate Revision • Aug 16Consensus revenue estimates fall by 32%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$100.4m to US$68.6m. Forecast loss of -US$1.06, down from profit of US$0.005 per share profit previously. Wireless Telecom industry in the US expected to see average net income growth of 19% next year. Consensus price target down from US$6.75 to US$5.75. Share price fell 24% to US$1.90 over the past week.
Reported Earnings • Aug 15Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: US$0.66 loss per share (down from US$0.42 profit in 2Q 2023). Revenue: US$15.1m (down 58% from 2Q 2023). Net loss: US$12.9m (down 316% from profit in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Wireless Telecom industry in the US are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings.
お知らせ • Aug 15SurgePays, Inc. (NasdaqCM:SURG) announces an Equity Buyback for $5 million worth of its shares.SurgePays, Inc. (NasdaqCM:SURG) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its shares. The program will end upon the earlier of 6 months after the commencement of the program, till December 31, 2024, or the date upon which the Maximum Amount has been purchased and can be discontinued at any time
Price Target Changed • Aug 14Price target increased by 36% to US$9.50Up from US$7.00, the current price target is provided by 1 analyst. New target price is 377% above last closing price of US$1.99. Stock is down 59% over the past year. The company is forecast to post a net loss per share of US$0.02 compared to earnings per share of US$1.45 last year.
お知らせ • Aug 08SurgePays, Inc. to Report Q2, 2024 Results on Aug 13, 2024SurgePays, Inc. announced that they will report Q2, 2024 results After-Market on Aug 13, 2024
Recent Insider Transactions • Aug 06President recently sold US$87k worth of stockOn the 2nd of August, Kevin Cox sold around 34k shares on-market at roughly US$2.60 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$110k. Kevin has been a net seller over the last 12 months, reducing personal holdings by US$127k.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$2.47, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Wireless Telecom industry in the US. Total loss to shareholders of 62% over the past three years.
Recent Insider Transactions Derivative • Aug 04Insider notifies of intention to sell stockDavid Ansani intends to sell 37k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of August. If the sale is conducted around the recent share price of US$2.78, it would amount to US$102k. Since March 2024, David has owned 140.00 shares directly. Company insiders have collectively sold US$162k more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Jul 24SurgePays, Inc. Announces its Subsidiary, ClearLine to Launch its Innovative Point-of-Sale Marketing Solution at RSPA RetailNOW Conference in Las VegasSurgePays, Inc. announced its subsidiary, ClearLine, will launch its innovative point-of-sale (POS) marketing solution at this month's RSPA RetailNOW Conference in Las Vegas. The ClearLine digital marketing platform and touchscreen display provides a highly efficient turnkey solution for merchants seeking to boost retail sales through increased customer engagement by allowing merchants to capture more customer information through incentivized interactions. This additional customer information can enhance target marketing campaigns, increase customer spending, capture valuable reviews and feedback, gather customer data, and digitize loyalty program enrollment. Exhibiting in booth #1037, ClearLine will demonstrate its newest integrations with Clover and PAX POS terminals. These allow clients to manage all their in-store and POS marketing channels from one unified dashboard. ClearLine plans to have additional integrations with devices from Ingenico, Verifone, and Dejavoo in the near future as well.
分析記事 • Jul 17Little Excitement Around SurgePays, Inc.'s (NASDAQ:SURG) EarningsWhen close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$3.23, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Wireless Telecom industry in the US. Total loss to shareholders of 48% over the past three years.
Recent Insider Transactions • Jul 05President recently sold US$64k worth of stockOn the 2nd of July, Kevin Cox sold around 21k shares on-market at roughly US$3.05 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Kevin has been a net seller over the last 12 months, reducing personal holdings by US$39k.
Major Estimate Revision • Jun 09Consensus EPS estimates fall by 83%, revenue upgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$96.7m to US$100.4m. EPS estimate fell from US$0.03 to US$0.005 per share. Net income forecast to shrink 79% next year vs 4.4% growth forecast for Wireless Telecom industry in the US . Consensus price target down from US$7.00 to US$6.75. Share price rose 17% to US$4.28 over the past week.
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 17%After last week's 17% share price gain to US$4.28, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Wireless Telecom industry in the US. Total loss to shareholders of 38% over the past three years.
Major Estimate Revision • May 31Consensus revenue estimates fall by 16%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$96.7m to US$81.6m. Forecast loss of -US$0.115, down from profit of US$0.03 per share profit previously. Wireless Telecom industry in the US expected to see average net income growth of 24% next year. Consensus price target of US$7.00 unchanged from last update. Share price fell 6.6% to US$3.67 over the past week.
分析記事 • May 21The Trend Of High Returns At SurgePays (NASDAQ:SURG) Has Us Very InterestedWhat are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
Major Estimate Revision • May 20Consensus EPS estimates fall by 85%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.207 to US$0.03 per share. Revenue forecast steady at US$96.7m. Net income forecast to shrink 77% next year vs 21% growth forecast for Wireless Telecom industry in the US . Consensus price target of US$7.00 unchanged from last update. Share price rose 12% to US$4.22 over the past week.
Reported Earnings • May 15First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: EPS: US$0.069 (down from US$0.32 in 1Q 2023). Revenue: US$31.4m (down 9.6% from 1Q 2023). Net income: US$1.22m (down 73% from 1Q 2023). Profit margin: 3.9% (down from 13% in 1Q 2023). Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) missed analyst estimates by 53%. Revenue is expected to decline by 9.4% p.a. on average during the next 2 years, while revenues in the Wireless Telecom industry in the US are expected to grow by 3.4%. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
Major Estimate Revision • May 07Consensus EPS estimates fall by 49%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$118.0m to US$114.2m. EPS estimate also fell from US$0.507 per share to US$0.26 per share. Net income forecast to shrink 45% next year vs 24% growth forecast for Wireless Telecom industry in the US . Consensus price target of US$7.00 unchanged from last update. Share price rose 4.9% to US$3.82 over the past week.
分析記事 • Apr 25What Is SurgePays, Inc.'s (NASDAQ:SURG) Share Price Doing?While SurgePays, Inc. ( NASDAQ:SURG ) might not have the largest market cap around , it saw significant share price...
Major Estimate Revision • Apr 02Consensus EPS estimates fall by 45%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$135.5m to US$122.0m. EPS estimate also fell from US$1.00 per share to US$0.55 per share. Net income forecast to shrink 31% next year vs 30% growth forecast for Wireless Telecom industry in the US . Consensus price target down from US$11.50 to US$10.00. Share price was steady at US$3.84 over the past week.
New Risk • Apr 01New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 19% per year for the foreseeable future. High level of non-cash earnings (86% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Shareholders have been diluted in the past year (37% increase in shares outstanding). Market cap is less than US$100m (US$74.2m market cap).
Valuation Update With 7 Day Price Move • Mar 29Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$3.85, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 16x in the Wireless Telecom industry in the US. Total loss to shareholders of 69% over the past three years.
