$2.85
+0.35%SurgePays, Inc., a financial technology and telecommunications company, provides services to the underbanked community in the United States. Its blockchain platform utilizes a suite of financial and prepaid products to convert corner stores and bodegas into tech-hubs for underbanked neighborhoods. The company offers voice and SMS text messaging services to subsidized and direct retail prepaid customers, as well as to low-income consumers. It also offers subsidized mobile broadband services to consumers in California, Colorado, Florida, Illinois, Maryland, Mississippi, Missouri, Nevada, New Jersey, Ohio, Oklahoma, Rhode Island, Tennessee, and Texas, as well as prepaid wireless plans. In addition, the company provides marketing business intelligence, plaintiff generation, and case load management solutions primarily to law firms in the mass tort industry. Further, it operates a bilingual operations center offering the Company with sales support, customer service, IT infrastructure design, graphic media, database programming, software development, revenue assurance, lead generation, and other various operational support services. The company is headquartered in Bartlett, Tennessee.
Negative gross margin indicates the company is losing money on each saleโunsustainable long-term.
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.
SURG โข NASDAQ
| SurgePays, Inc. Income Statement | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Apr 2014 | Apr 2012 | Apr 2011 | Apr 2010 | Apr 2009 | Nov 2007 | Nov 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||
60.9M | 137.1M | 121.5M | 51.1M | 54.4M | 25.7M | 15.2M | 1.4M | 3.3M | 2.8M | 2.7M | 1.9K | 2.1K | 4.9K | 14.3K | 9K | 0.0 | 0.0 | |
GROSS PROFIT | ||||||||||||||||||
(75.2M) | (101.5M) | (108.1M) | (44.9M) | (51.9M) | (20.3M) | (8.6M) | (733K) | (2.3M) | (2.3M) | (1.7M) | (1.2K) | (1.1K) | (9.2K) | (23.6K) | (37.4K) | (0.0) | (0.0) | |
-14.3M | 35.6M | 13.5M | 6.2M | 2.5M | 5.4M | 6.7M | 696.8K | 968.3K | 500.7K | 996.6K | 689.0 | 950.0 | -4.3K | -9.3K | -28.3K | 0.0 | 0.0 | |
OPERATING INCOME | ||||||||||||||||||
(27.5M) | (16.8M) | (12.8M) | (12.2M) | (12.6M) | (12.2M) | (8.2M) | (2.8M) | (3.7M) | (1.7M) | (965.3K) | (50.2K) | (652.9K) | (374.2K) | (879K) | (651.1K) | (72.8K) | (16.9K) | |
(26.3M) | (15.7M) | (11.9M) | (11.4M) | (9.7M) | (12M) | (8.1M) | (2.6M) | (3.2M) | (1.2M) | (965.3K) | (50K) | (652.8K) | (372.6K) | (872.1K) | (645.3K) | (72.8K) | (16.9K) | |
-41.8M | 18.9M | 633.8K | -6M | -10.1M | -6.8M | -1.5M | -2.1M | -3.1M | -1.3M | 31.2K | -49.5K | -651.9K | -425.3K | -1.3M | -1.1M | -72.8K | -20.4K | |
PRE-TAX INCOME | ||||||||||||||||||
(554.2K) | (596K) | (2M) | (7.5M) | (4M) | (227K) | (140.5K) | (24K) | (1.7M) | (15.2K) | (12.1K) | (40.6K) | (13.1K) | (37.1K) | (49.6K) | (437.0) | -72.8K | (46.0) | |
-448.8K | -596K | -2M | -7.5M | -4M | -227K | -140.5K | -24K | -1.7M | -15.2K | 2.1K | -40.6K | -13.1K | -37.1K | -48.7K | -437.0 | 0.0 | 0.0 | |
(1.2M) | (1.1M) | (931.6K) | (759.4K) | (2.9M) | (227.3K) | (43.1K) | (9.6K) | (5.8K) | (0.0) | (0.0) | (0.0) | (130.0) | (1.5K) | (6.9K) | (266.0) | (0.0) | (0.0) | |
-1.3M | -485.8K | -1.2M | -7.5M | -576K | -679K | 76.6K | -2.2M | -2.3M | -15.1K | 2.1K | -6.1K | -3.5K | -84K | -446K | -418K | 0.0 | -3.5K | |
-43.1M | 18.4M | -553.2K | -13.5M | -10.7M | -8.4M | -1.5M | -2M | -4.6M | -1.3M | 33.3K | -55.6K | -642.3K | -472.2K | -1.8M | -1.1M | 0.0 | -23.9K | |
NET INCOME | ||||||||||||||||||
(2.9M) | -2.3M | (0.0) | (0.0) | (0.0) | -229K | (82.2K) | (426.5K) | (1.7M) | (0.0) | (0.0) | (0.0) | -19.2K | (93.8K) | (891.1K) | (417.8K) | (72.8K) | (46.0) | |
-45.7M | 20.6M | -680.8K | -13.5M | -10.7M | -8.4M | -1.5M | -2M | -4.6M | -1.3M | 33.3K | -55.6K | -655.4K | -462.4K | -1.4M | -1.1M | -72.8K | -20.5K |
SURG - Filing history and reports
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