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SurgePays, Inc. - $SURG STOCK NEWS

Welcome to our dedicated page for SurgePays news (Ticker: $SURG), a resource for investors and traders seeking the latest updates and insights on SurgePays stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SurgePays's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SurgePays's position in the market.

Rhea-AI Summary
SurgePays, Inc. (Nasdaq: SURG) reported a net income of $6.0 million, revenue of $35.9 million, and EPS of $0.42 for the second quarter of 2023. The gross profit margin increased to 27.9%, and EBITDA reached $6.4 million, marking a significant improvement over the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.97%
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Rhea-AI Summary
SurgePays, Inc. (Nasdaq: SURG) announced a live conference call and webcast to discuss its second quarter 2023 earnings on August 10, 2023, at 5:00pm ET. The call can be accessed at 2Q23 Webcast Link or on the company’s investor relations website. Telephone access is available at 844-481-2822 (in the U.S.) or 412-317-0681 (outside U.S.). A telephone replay will be available until August 24, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
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Rhea-AI Summary
SurgePays, Inc. (Nasdaq: SURG) announced a partnership agreement between its distribution partner, ParichuteConnect, and the Boys & Girls Clubs of America Native Services to launch an Affordable Connectivity Program (ACP) enrollment process using SurgePays’ platform for members on Native Lands.
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End-of-Day
5.57%
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Rhea-AI Summary
SurgePays partners with LeadEx Solutions to expand reach to underbanked consumers through ATMs
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-4.82%
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partnership
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Rhea-AI Summary
SurgePays, Inc. provides a company update to address a recent report containing errors and misleading content. The company asserts that its controls and procedures are compliant and that it contracts a third-party compliance company. SurgePays expects to report a net income of over $6 million in the second quarter and remains focused on its growth strategy. The company also states that its accounting records are accurate and its financial results are correctly reported.
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End-of-Day
13.02%
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Rhea-AI Summary
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4.12%
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partnership
Rhea-AI Summary
SurgePays, Inc. (Nasdaq: SURG) announced its financial results for the first quarter of 2023. Highlights include a 64% increase in revenue, gross profit of $7.7 million, net income of $4.5 million, and EBITDA of $5.0 million. The company expects total revenues of at least $190 million and positive operating cash flow in 2023.
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Rhea-AI Sentiment
End-of-Day
15.65%
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Rhea-AI Summary
SurgePays, Inc. (Nasdaq: SURG) is now available for trading on Upstream, the trading app for digital securities and NFTs. SurgePays also offers a free digital collectible NFT to commemorate the dual listing. Global shareholders can trade SurgePays shares by downloading Upstream and completing a simple KYC verification. Trading will commence when an existing shareholder places an offer for sale on Upstream. More details can be found at https://ir.surgepays.com/.
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-0.23%
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0.7%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
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1.65%
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SurgePays, Inc.

Nasdaq:SURG

SURG Rankings

SURG Stock Data

81.14M
13.61M
29.47%
7.46%
5.4%
Wireless Telecommunications Carriers (except Satellite)
Information
Link
United States of America
BARTLETT

About SURG

surge holdings is a technology company that has ventures and provides services in telecommunications, fintech and blockchain-oriented technologies. surge holdings completed a major reorganization merger in april 2018. before the merger completed, the management team eliminated all convertible debt, strengthened the balance sheets, brought current all sec filings, and uplisted the company to the otcqb. surge now has complete control of the marketing arm, the online distribution, the physical merchant network distribution and the payment mechanisms for all of our existing products as well as new products under development. the result is a competitive advantage delivering no-contract communication and financial technology services to the unbanked, under-banked, the overlooked and unhappily banked millennial population. digitizeiq and surgepays situate surge products in front of customers physically where they shop or through social media. led by “ahead of the game” ceo brian cox, the mana