reports
- Curtis Shauger
Launch of LinkUp Mobile Marks an Exciting New Chapter for Surge
SurgePays announced on June 6 that it has officially launched LinkUp mobile. The nationwide launch represents the company’s main effort to diversify its business model from the Affordable Connectivity Program (ACP) market. LinkUp’s aggressive pricing and promotion seek to revolutionize the prepaid market. With plans starting at $10 per month with the first month free, SurgePays has aggressively targeted the underserved, value-conscious segment of the market. Key features should appeal to key gro...
- Curtis Shauger
Looking Forward to Launch of LinkUp Mobile
We hosted a fireside chat with CEO Brian Cox on April 23, 2024. This report contains a transcript of the conversation, which can be accessed on demand. Cox gave a brief update on the status of the ACP funding as well as a comprehensive overview of LinkUp Mobile, its new prepaid wireless offering. ACP funding remains uncertain but there are more than rays of hope for its future. With 25-30% of the US population needing help in affording internet connectivity, SURG believes, despite budgetary and...
- Curtis Shauger
Reports In-Line 1Q24 Results; Outlines Bold Objectives for Prepaid
After the close on Monday, SurgePays reported in-line 1Q24 results. Total revenue of $31.4 million was in line with our $31.6 million estimate but easily beat consensus of $25.3 million. Upside to consensus may be the result of the Street taking a much more conservative approach to the cessation of the ACP. EPS in line with our estimate despite impact of one-time compensation items. SURG reported 1Q24 EPS of $0.07 versus our $0.08 estimate, despite management calling out $2 million in one-time, ...
- Curtis Shauger
Reports Mixed 4Q Results in Uncertain Market
After the close on Tuesday, SurgePays reported mixed 4Q23 results. Total revenue of $32.3 million exceeded our $32.1 million estimate but was slightly below consensus of $33.6 million. However, EBITDA of $3.4 million was below both our estimate and consensus of $6.5 million and $6.9 million, respectively. Enters 2024 on solid financial footing with more than $40 million in cash. While SURG reported $14.6 million in cash at the end of 2023, it is important to note it has since raised ~$15 million...
- Curtis Shauger
Wireless Provider Turns Emerging Fintech Platform; Initiating Coverage...
We are initiating coverage of SurgePays (SURG), a forward-looking financial technology and telecommunications firm dedicated to serving the underbanked. Its wireless subsidiaries provide mobile broadband, voice, and SMS services to subsidized and direct retail prepaid customers primarily through the US Federal Affordable Connectivity Program (ACP). SURG has built a profitable business in the ACP segment of the wireless market. Through its two wireless brands, SurgePhone and Torch Wireless, Surge...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.