Announcement • May 11
SurgePays, Inc. to Report Q1, 2026 Results on May 15, 2026 SurgePays, Inc. announced that they will report Q1, 2026 results Pre-Market on May 15, 2026 Announcement • Apr 29
SurgePays, Inc., Annual General Meeting, Jun 16, 2026 SurgePays, Inc., Annual General Meeting, Jun 16, 2026. Announcement • Apr 23
SurgePays, Inc. Advances AI Decisioning Platform Focused On Increasing Revenue Per User Across The Subprime Market SurgePays, 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. Announcement • Mar 28
SurgePays Inc. Launches Managed Marketing Services Platform SurgePays, 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. Announcement • Mar 25
SurgePays, Inc. Announces Non-Compliance Notices from Nasdaq On 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. Announcement • Jan 22
SurgePays, 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 Announcement • Jan 21
SurgePays, 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 Announcement • Jan 15
SurgePays, Inc. Appoints Chelsea Pullano as Interim Chief Financial Officer, Effective as of January 14, 2026 SurgePays, 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. Announcement • Jan 08
SurgePays, Inc. Announces Board and Committee Changes Effective 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. Announcement • Dec 05
Surgepays, Inc. Announces the Addition of Three Lead Generation Aggregators to Its Programbenefits Platform SurgePays, 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. Announcement • Nov 15
SurgePays, Inc. Unveils ProgramBenefits.com as Next Phase in Data Monetization Strategy SurgePays, 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. Announcement • Nov 03
SurgePays, Inc. to Report Q3, 2025 Results on Nov 12, 2025 SurgePays, Inc. announced that they will report Q3, 2025 results on Nov 12, 2025 Announcement • Oct 16
SurgePays, Inc. Provides Revenue Guidance for Third Quarter of 2025 and Affirms Revenue Guidance for Full Year 2026 SurgePays, 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. Announcement • Oct 03
SurgePays, Inc. Announces Non-Renewal of Chief Financial Officer Anthony Evers' Employment Agreement Upon its Expiration on December 31, 2025 SurgePays, 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. Announcement • Aug 29
SurgePays, Inc. Launches ClearLine Across All Market Basket Stores, Driving High-Margin Recurring SaaS Revenue Through Nationwide Retail Media Rollout SurgePays, 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. Announcement • Aug 14
SurgePays, Inc. Provides Revenue Guidance for the 2025 and 2026 SurgePays, 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. Announcement • Aug 06
SurgePays, 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 Announcement • Aug 05
SurgePays, Inc. to Report Q2, 2025 Results on Aug 13, 2025 SurgePays, Inc. announced that they will report Q2, 2025 results After-Market on Aug 13, 2025 Announcement • May 06
SurgePays, Inc. to Report Q1, 2025 Results on May 13, 2025 SurgePays, Inc. announced that they will report Q1, 2025 results After-Market on May 13, 2025 Announcement • Apr 25
SurgePays Promotes Derron Winfrey to President, Sales and Operations SurgePays, 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. Announcement • Apr 14
SurgePays, Inc., Annual General Meeting, May 15, 2025 SurgePays, Inc., Annual General Meeting, May 15, 2025. Announcement • Mar 26
Surgepays, Inc. Provides Earnings Guidance for First Quarter and Full Year 2025 SurgePays, 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. Announcement • Mar 11
SurgePays, Inc. to Report Q4, 2024 Results on Mar 25, 2025 SurgePays, Inc. announced that they will report Q4, 2024 results After-Market on Mar 25, 2025 Announcement • Jan 24
SurgePays, Inc. Appoints Mark Garner as Executive Vice President SurgePays, 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. Reported Earnings • Nov 14
Third quarter 2024 earnings released: US$0.72 loss per share (vs US$0.50 profit in 3Q 2023) Third 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 is forecast to grow 12% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Wireless Telecom industry in Europe. 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. Announcement • Nov 05
SurgePays, Inc. to Report Q3, 2024 Results on Nov 12, 2024 SurgePays, Inc. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Recent Insider Transactions • Sep 06
CFO & Acting COO recently sold €51k worth of stock On the 4th of September, Anthony Evers sold around 37k shares on-market at roughly €1.38 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 €102k. Anthony has been a net seller over the last 12 months, reducing personal holdings by €186k. Reported Earnings • Aug 15
Second quarter 2024 earnings released: US$0.66 loss per share (vs US$0.42 profit in 2Q 2023) Second 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 is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Wireless Telecom industry in Europe are expected to grow by 3.6%. Announcement • Aug 15
SurgePays, 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 Announcement • Aug 08
SurgePays, Inc. to Report Q2, 2024 Results on Aug 13, 2024 SurgePays, Inc. announced that they will report Q2, 2024 results After-Market on Aug 13, 2024 Recent Insider Transactions • Aug 06
President recently sold €80k worth of stock On the 2nd of August, Kevin Cox sold around 34k shares on-market at roughly €2.38 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 €102k. Kevin has been a net seller over the last 12 months, reducing personal holdings by €117k. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €2.17, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Wireless Telecom industry in Europe. Total loss to shareholders of 55% over the past year. Announcement • Jul 24
SurgePays, Inc. Announces its Subsidiary, ClearLine to Launch its Innovative Point-of-Sale Marketing Solution at RSPA RetailNOW Conference in Las Vegas SurgePays, 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. Recent Insider Transactions • Jul 05
President recently sold €59k worth of stock On the 2nd of July, Kevin Cox sold around 21k shares on-market at roughly €2.84 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 €37k. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €3.91, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 13x in the Wireless Telecom industry in Europe. Total loss to shareholders of 47% over the past year. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: US$0.069 (vs US$0.32 in 1Q 2023) First 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 is expected to decline by 9.4% p.a. on average during the next 2 years, while revenues in the Wireless Telecom industry in Europe are expected to grow by 1.0%. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.48, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Wireless Telecom industry in Europe. Total loss to shareholders of 9.5% over the past year. New Risk • Apr 01
New major risk - Revenue and earnings growth Earnings 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 Share price has been highly volatile over the past 3 months (15% average weekly change). 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 Shareholders have been diluted in the past year (37% increase in shares outstanding). Market cap is less than US$100m (€68.9m market cap, or US$74.2m). New Risk • Mar 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €88.5m (US$96.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). High level of non-cash earnings (86% accrual ratio). Minor Risks Shareholders have been diluted in the past year (39% increase in shares outstanding). Market cap is less than US$100m (€88.5m market cap, or US$96.8m). Announcement • Mar 13
SurgePays, Inc., Annual General Meeting, Apr 18, 2024 SurgePays, Inc., Annual General Meeting, Apr 18, 2024, at 12:00 Pacific Standard Time. Agenda: To elect Kevin Brian Cox, David N. Keys, David May, Laurie Weisberg, and Richard Schurfeld as directors to the Company to hold office until the Company’s 2025 annual meeting of stockholders and until their respective successors are duly elected and qualified; To ratify the appointment of Rodefer Moss & Co, PLLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; To transact any other business which may properly be brought before the Annual Meeting or any adjournment thereof. Reported Earnings • Mar 13
Full year 2023 earnings released: EPS: US$1.45 (vs US$0.055 loss in FY 2022) Full year 2023 results: EPS: US$1.45 (up from US$0.055 loss in FY 2022). Revenue: US$137.1m (up 13% from FY 2022). Net income: US$20.6m (up US$21.3m from FY 2022). Profit margin: 15% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €6.10, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Wireless Telecom industry in Europe. Total returns to shareholders of 38% over the past year. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €6.80, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Wireless Telecom industry in Europe. Total returns to shareholders of 28% over the past year. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €6.95, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Wireless Telecom industry in Europe. Total returns to shareholders of 21% over the past year. Announcement • Jan 19
SurgePays, Inc. has completed a Follow-on Equity Offering in the amount of $14.999998 million. SurgePays, Inc. has completed a Follow-on Equity Offering in the amount of $14.999998 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,678,571
Price\Range: $5.6 New Risk • Jan 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% 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 (11% average weekly change). High level of non-cash earnings (74% accrual ratio). Minor Risks Shareholders have been diluted in the past year (14% increase in shares outstanding). Market cap is less than US$100m (€86.6m market cap, or US$94.1m). Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €5.45, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 13x in the Wireless Telecom industry in Europe. Total loss to shareholders of 4.4% over the past year. Announcement • Jan 18
SurgePays, 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 Announcement • Jan 13
SurgePays, Inc. Appoints Jeremy Gies to President SurgePays, Inc. has appointed Jeremy Gies, to President of SurgePays, Inc. In his new role, Mr. Gies will draw upon his seasoned expertise and industry relationships to drive sales growth, optimize operational efficiencies, explore strategic M&A opportunities, and guide the launch of new products. A focal point of his responsibilities includes a nationwide expansion of the convenience store network, with an emphasis on elevating both the quantity of stores transacting on the SurgePays network and the sales per store. Prior to his work at SurgePays, Gies served as Senior Channel Business Manager and Senior Account Manager for Honeywell Voice Solutions where he played a key role for nearly four years. Previously, he was Chief Operating Officer of Tiercel Wireless, an MVNO on the Sprint network demonstrating his capacity for operational leadership. Earlier to that he was Vice President, Business Development, for global e-payments company Wave Crest Payment Services significantly impacting revenue growth. For nearly five years, he served first as Executive Vice President and then CEO of telSPACE, a provider of billing and back-office solutions for the MVNO/NVNE marketplace. The foundation of his career began with AT&T Wireless where, over a 10-year period, he rose through the ranks in early sales positions to Western Area Sales Manager and ultimately National Sales Manager. Gies is also a partner and co-founder of Blue Horizon Group, a business consulting company providing outsourced sales, business development, marketing, distribution, operations, and logistics services to the wireless industry. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €5.95, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Wireless Telecom industry in Europe. Total loss to shareholders of 2.5% over the past year. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €5.75, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Wireless Telecom industry in Europe. Negligible returns to shareholders over past year. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: US$0.50 (vs US$0.12 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.50 (up from US$0.12 loss in 3Q 2022). Revenue: US$34.2m (down 5.6% from 3Q 2022). Net income: US$7.08m (up US$8.62m from 3Q 2022). Profit margin: 21% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Wireless Telecom industry in Europe. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €4.76, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 13x in the Wireless Telecom industry in Europe. Total loss to shareholders of 21% over the past year. Announcement • Nov 03
SurgePays, Inc. to Report Q3, 2023 Results on Nov 14, 2023 SurgePays, Inc. announced that they will report Q3, 2023 results on Nov 14, 2023 Announcement • Oct 27
SurgePays, Inc. Appoints Gary Chekan as Director of Revenue Assurance and Financial Technology SurgePays, Inc. announced the hiring of Gary Chekan as Director of Revenue Assurance and Financial Technology. Mr. Chekan, a seasoned telecom executive, has over 25 years of experience in leading finance organizations at large and small telecom organizations. He will oversee wireless revenue assurance, forecasting, business intelligence reporting, and margin efficiencies. Additionally, Gary will oversee reporting consolidation across multiple company software platforms, creating centralized sales revenue and back-office visibility for executive management. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €4.22, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 11x in the Wireless Telecom industry in Europe. Total loss to shareholders of 12% over the past year. Announcement • Aug 16
SurgePays, Inc., Annual General Meeting, Sep 28, 2023 SurgePays, Inc., Annual General Meeting, Sep 28, 2023, at 12:00 Central Standard Time. Agenda: To elect five members of the Board of Directors to serve until the 2024 annual meeting of stockholders; and to ratify the selection of Rodefer Moss & Co, PLLC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2023. New Risk • Aug 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 72% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). High level of non-cash earnings (72% accrual ratio). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€67.0m market cap, or US$73.4m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: US$0.42 (vs US$0.079 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.42 (up from US$0.079 loss in 2Q 2022). Revenue: US$35.9m (up 28% from 2Q 2022). Net income: US$5.97m (up US$6.94m from 2Q 2022). Profit margin: 17% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 1.6% growth forecast for the Wireless Telecom industry in Europe. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €5.15, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Wireless Telecom industry in Europe. Total returns to shareholders of 9.1% over the past year. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €7.30, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Wireless Telecom industry in Europe. Total returns to shareholders of 64% over the past year. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 45% After last week's 45% share price gain to €5.70, the stock trades at a trailing P/E ratio of 16.7x. Average forward P/E is 13x in the Wireless Telecom industry in Europe. Total returns to shareholders of 55% over the past year. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: US$0.32 (vs US$0.10 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.32 (up from US$0.10 loss in 1Q 2022). Revenue: US$34.8m (up 65% from 1Q 2022). Net income: US$4.55m (up US$5.76m from 1Q 2022). Profit margin: 13% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 1.2% growth forecast for the Wireless Telecom industry in Europe. Announcement • May 12
SurgePays, Inc. Provides Revenue Guidance for the Full Year 2023 SurgePays, Inc. provided revenue guidance for the full year 2023. For the year, the company expected total revenues of at least $190 million. Announcement • May 11
SurgePays, Inc. to Report Q1, 2023 Results on May 11, 2023 SurgePays, Inc. announced that they will report Q1, 2023 results on May 11, 2023 Reported Earnings • Apr 01
Full year 2022 earnings released: US$0.055 loss per share (vs US$3.09 loss in FY 2021) Full year 2022 results: US$0.055 loss per share (improved from US$3.09 loss in FY 2021). Revenue: US$121.5m (up 138% from FY 2021). Net loss: US$680.8k (loss narrowed 95% from FY 2021). Announcement • Jan 13
SurgePays, Inc., Annual General Meeting, Mar 07, 2023 SurgePays, Inc., Annual General Meeting, Mar 07, 2023. Board Change • Dec 29
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director David May was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 24
SurgePays, Inc. Announces Changes To Its Board Of Directors SurgePays, Inc. announced the election of Laurie Weisberg and Richard Schurfeld to the company's Board of Directors. Along with the above election, the company announces the resignation of Jay Jones from the Company's Board of Directors. Both changes are effective immediately. Ms. Laurie Weisberg joins SurgePays' Board with over 30 years of experience in digital technology, data, and marketing services senior management. Previously, she had been involved in several companies across the technology industry, holding positions including Chief Executive Officer, Chief Sales Officer, Chief Revenue Officer, and board member. From July 2020 through September 2022, Ms. Weisberg was the Chief Executive Officer for Creatd, Inc., a technology and creator services company. From February 2019 to Jul 2020, she was Chief Sales Officer for Intent, Inc., a company involved in data and digital media advertising. From January 2018 to February 2019, she was Chief Revenue Officer of Thrive Inc., a technology company founded by Arianna Huffington that focused on a new technology platform for health and wellness in the workplace. Before that role, Ms. Weisberg spent six years at Oracle from October 2010 to October 2017, leading commercial for their new data business unit that acquired her previous company for a 31X ROI for private investors. Ms. Weisberg is also the Chief Commercial Officer of Whalar inc, a creator commerce company helping creators, social platforms, and brands drive growth. As part of Creatd, Ms. Weisberg served on the Board as director. Rich Schurfeld joins SurgePays' Board, having founded Redsson over 20 years ago and where he currently serves as CEO. Redsson has been a sector leader in software-based telecom billing and management while evolving into a Software as a Service (SaaS) product, mainly providing solutions involving the intricacies of public records information. Mr. Schurfeld is a creative-thinking entrepreneur who successfully procures market solutions through the take-charge initiative. Prior to founding Redsson, Mr. Schurfeld worked at Dean Witter enabling him to earn securities licenses 7, 6, 65, 3 and gain valuable experience in the US securities markets. Early in his career, Mr. Schurfeld spent time in the USAF, first as a cadet at the US Air Force Academy and later active duty. Post-military he was first a player, and then later served on the coaching staff of the USA Rugby Men’s National Team including two Rugby World Cups. Breakeven Date Change • Nov 22
Forecast breakeven date pushed back to 2023 The 2 analysts covering SurgePays previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 70% to 2022. The company is expected to make a profit of US$18.7m in 2023. Average annual earnings growth of 209% is required to achieve expected profit on schedule. Reported Earnings • Nov 16
Third quarter 2022 earnings released: US$0.12 loss per share (vs US$0.51 loss in 3Q 2021) Third quarter 2022 results: US$0.12 loss per share (improved from US$0.51 loss in 3Q 2021). Revenue: US$36.2m (up 149% from 3Q 2021). Net loss: US$1.54m (loss narrowed 7.1% from 3Q 2021). Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Wireless Telecom industry in Europe. Announcement • Nov 02
SurgePays, Inc. Appoints Jeremy Gies as President of SurgePays Fintech SurgePays, Inc. has appointed Jeremy Gies, a senior sales, business development and operations executive, as President of the Company's subsidiary, SurgePays Fintech, Inc. Gies, a highly accomplished industry veteran, has more than 25 years' experience in supporting businesses in the telecom, fintech and prepaid channels. He will be responsible for developing and expanding nationwide network of convenience stores channel with the primary focus on adding stores transacting on the SurgePays network while increasing sales per store. Reported Earnings • Aug 13
Second quarter 2022 earnings released: US$0.079 loss per share (vs US$0.069 loss in 2Q 2021) Second quarter 2022 results: US$0.079 loss per share (down from US$0.069 loss in 2Q 2021). Revenue: US$28.0m (up 146% from 2Q 2021). Net loss: US$973.0k (loss widened 355% from 2Q 2021). Over the next year, revenue is forecast to grow 104%, compared to a 2.1% growth forecast for the industry in Germany. Announcement • Aug 12
SurgePays, Inc. Reiterates Earnings Guidance for the Year 2022 SurgePays, Inc. reiterated earnings guidance for the year 2022. For the full year 2022, the Company expects to achieve the following financial targets: total revenues of at least $130 million. Reported Earnings • May 17
First quarter 2022 earnings released: US$0.10 loss per share (vs US$1.85 loss in 1Q 2021) First quarter 2022 results: US$0.10 loss per share (up from US$1.85 loss in 1Q 2021). Revenue: US$21.1m (up 92% from 1Q 2021). Net loss: US$1.21m (loss narrowed 75% from 1Q 2021). Over the next year, revenue is forecast to grow 136%, compared to a 1.7% growth forecast for the industry in Germany. Announcement • Apr 08
SurgePays, Inc. (NasdaqCM:SURG) acquired Torch Wireless. SurgePays, Inc. (NasdaqCM:SURG) acquired Torch Wireless on April 7, 2022 in a cash and limited royalties deal.
SurgePays, Inc. (NasdaqCM:SURG) completed the acquisition of Torch Wireless on April 7, 2022. Breakeven Date Change • Feb 22
Forecast to breakeven in 2022 The analyst covering SurgePays expects the company to break even for the first time. New forecast suggests the company will make a profit of US$251.0k in 2022. Average annual earnings growth of 136% is required to achieve expected profit on schedule. Announcement • Feb 18
Surgepays, Inc. Announces the Full Roll Out of Bitcoin Sale Software Platform SurgePays, Inc. announced the full roll out of its Bitcoin sale software platform. The SurgePays’ software platform has enhanced its ability to serve the underbanked in the community by enabling store owners to sell Bitcoin to customers – with or without a bank account or credit card. Store owners can sell Bitcoin at local convenience and neighborhood stores which are part of the Company’s 8,000-plus and growing retail store network. SurgePays’ new feature will allow the store clerk to facilitate the purchase of between $50 to $1,499 of Bitcoin. Announcement • Feb 02
SurgePays, Inc. Provides Earnings Guidance for the Year 2021; Provides Earnings Guidance for the Fourth Quarter of 2022 SurgePays, Inc. provided earnings guidance for the year 2021. For the year, the company expects to report revenues between $51 - $55 million and with loss from operations cut almost in half compared to 2020.For the fourth quarter, the company expects consolidated to hit $130 million in annualized revenues by fourth quarter in 2022. Announcement • Dec 22
SurgePays, Inc. Blockchain Update Enables Bitcoin Purchases at Corner Stores SurgePays, Inc., has completed the initial development on the newest version of its software platform which enables a store owner to sell certain cryptocurrencies to customers – with or without a bank account or credit card – at local convenience and neighborhood stores which are part of the Company’s 8,000-plus retail store network. SurgePays is a highly innovative fintech company providing a complete suite of financial services and prepaid products to its rapidly growing base of retail c-stores. The Company plans to release the update in January 2022 and enable stores on its network to offer cash sales of Bitcoin, Ethereum and Dogecoin without using an ATM or other costly and space consuming equipment. Customers will receive receipts with simple instructions how to load purchased coins into their own digital wallet of choice. The SurgePays blockchain platform already performs more than 20,000 secure daily transactions of underbanked financial services. SurgePays new feature will allow the store clerk to facilitate the purchase of between $50 to $1,499 of cryptocurrency. This cryptocurrency service represents a powerful expansion of the SurgePays fintech suite of products, providing a competitive advantage catalyst to its recently announced expansion plan utilizing a national sales team. Reported Earnings • Nov 17
Third quarter 2021 earnings released: US$0.50 loss per share (vs US$1.08 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$14.5m (up 14% from 3Q 2020). Net loss: US$1.66m (loss narrowed 34% from 3Q 2020). 
