SurgePays Full Year 2023 Earnings: EPS Misses Expectations

SurgePays (NASDAQ:SURG) Full Year 2023 Results

Key Financial Results

• Revenue: US$137.1m (up 13% from FY 2022).
• Net income: US$20.6m (up from US$680.8k loss in FY 2022).
• Profit margin: 15% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue.
• EPS: US$1.45 (up from US$0.055 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SurgePays EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%.

The company's shares are down 32% from a week ago.

Risk Analysis

Be aware that SurgePays is showing 4 warning signs in our investment analysis and 1 of those is a bit concerning...

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