SurgePays Remains A Wild Card [Seeking Alpha]
SurgePays, Inc. (SURG)
US:NASDAQ Investor Relations:
globenewswire.com/news-release/2018/02/15/1348912/0/en/surge-holdings-inc-has-been-approved-for-trading-on-the-otcqb-venture-market.html
Company Research
Source: Seeking Alpha
Follow Play 11min Summary I initially rated SurgePays stock as "Buy" due to expected operational expansion, but then downgraded it to "Hold" due to the ACP funding program's end and financial uncertainties. Q2 FY2024 results were disappointing with a 58% revenue drop, negative gross profit, and increased SG&A expenses, highlighting the risks of dependency on government contracts. Despite some weakening in Q2 FY2024, the balance sheet still looks good. SURG is transitioning to a non-subsidized model and aims for positive cash flow by year-end, but this may be a long-term endeavor, in my opinion. SurgePays' current stock valuation appears discounted, but ongoing financial struggles and execution risks suggest further declines; thus, maintaining a "Hold" rating on SURG stock is prudent. Looking for a helping hand in the market? Members of Beyond the Wall Investing get exclusive ideas and guidance to navigate any climate. Learn More » Shutthiphong Chandaeng/iStock via
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SURG
News
- SurgePays, Inc. (SURG) Reports Q3 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- SurgePays Announces Third Quarter 2024 Financial ResultsPR Newswire
- Surgepays Inc (SURG) Q3 2024: Everything You Need To Know Ahead Of Earnings [Yahoo! Finance]Yahoo! Finance
- SurgePays Announces Third Quarter 2024 Earnings Release and Conference CallPR Newswire
- SurgePays Opens Dedicated Sales and Operations Center in El SalvadorPR Newswire
SURG
Earnings
- 11/12/24 - Miss
SURG
Analyst Actions
- 9/11/24 - Ascendiant Capital
SURG
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/4/24 - Form 144
- SURG's page on the SEC website