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Ah, so Coxy will be diluting for years then. LOL!
$100M mixed securities shelf.
He's such a skank grifter, "Mr Fake Handshake", " Grifter of Memphis", Kevin Brian Cox, CEO of KSIX Media, who paid himself millions of shares upon merger into and CEO of Surge Holdings, Inc. that skanked it forward with a massive reverse split as CEO of SurgePays, Inc.
Where's all the past company news posts? Deleted by
Grifter Cox.
ParichuteConnect? LOL!
SCAM! FRONT!
Fact!
.
I am looking back to $3.00 looks like it's coming.
Harold
"The company reported it is modeling 5,000 sign-ups per month for the service and is looking to ramp over time." said SurgePays, Inc. CEO Kevin Brian Cox, Aug. 12th, 2021 --- lolzzzzzzzzzz
https://www.benzinga.com/news/21/08/22478968/surgepays-approved-for-emergency-broadband-benefit-program-to-expand-broadband-access-in-us
_________
Nov. 17, 2022
https://seekingalpha.com/article/4558807-surgepays-keeps-growing
"Then they organize subscription drives in tents with banners stating "Free internet" to sign up ACP subscribers."
"But as winter approaches, these outdoor drives will decrease, but luckily they have another ace up their sleeve to continue the sales drive, their network of community stores.
ACP enrollments in stores
The company has added ACP enrollments to its SurgePays platform for convenience stores, which brings multiple benefits:
75% of store visitors use SNAP, by virtue of which they qualify automatically for the ACP, data can be quickly entered into the software running in their community shops, which makes it attractive for stores to join their network as this is an easy earner for them as well.
It speeds up the growth of their ACP subscribers, especially as their outdoor pop-up tent subscription drives (used by most of their competitors as well) will decrease during winter."
lolzzzzzzzzzz
_________
https://finance.yahoo.com/news/q1-2023-surgepays-inc-earnings-111106565.html
"I want to add a little bit more color to why of all the things that I talked about in the press release and the script of why the stores are so advantageous for us as a distribution point for ACP, for our own MVNO subscribers and all the other products we sell. And then using ACP is that golden ticket to really just pave that way and open the door for us. It's not just the model. It's the cost. (uhhggg, reeks of Coxy bullshit)(but people like Coxy bullshit 'cause they think Coxy believes it himself).
When we're paying folks out there in tents that go out and set up the pop-up tents, that's their only source of income. They're traveling hotels, gas, and their only source of income is doing the ACP program. So at the end of the day, those people require a much higher, let's call it, a spiff, a bounty, a payment for that.
The store -- this is a simple quick transaction at the store where we're simply using them to get the telephone number where our software can then engage that customer by way of chat through SMS so that the heavy lifting of that subscriber activation is done by our people. So that store one is quick now. So we're paying the store $10 to $12 as opposed to paying someone in the field $50." (Your SurgePays' "people?" Who, where! why, how?)
"Our field sales cost us $50, at a store it cost us $12. If you run the math, I can get 4 store customers for every 3 field sales." -- lolzzzzzzzzzz
"If that tent rolls through town and it gets rid of all of its devices and gone. It's gone. It doesn't come back. The salesperson goes to the next town. If that customer ever has an issue, nobody to go to except the next tent that comes to town, if there's -- the tablet breaks or there's an issue, most of these people don't know their company. (Can you feel the bullshit, like the customer does not know their MVNO cell phone carrier after signing up? Stupid, right? That's Coxy bullshit!).
If it's the store that they go to 3 to 5x a week, and they can go back in there and that store owner has a very small residual payment just for that customer staying on the product. Well, that store owner has a vested interest to say, "Hey, Adam, hey, man, tell you what, text your problem to SURG, and the customer service, they'll help you out. They got -- they'll take care of it. And if you need anything else, let me know. They got an e-mail address and telephone number. We can help you. We got your back." So it's a completely different mindset of that customer engagement being in that community permanently for retention, for lower cost.". (So now the mom n pop store is going to have tech support counter, nice! Man, Coxy is a bullshitter!)
"And I think the stores are going to really help us reduce attrition because, like I said, that customer does business with that store. That's their guy. That's the guy that they buy their cigarettes from, their coffee from, their Doritos, they go in there 3 to 5 times a week. And it's almost a perception that I'm buying -- I got my service through him or her. It's not some random company that I got from a tent. It's them. I need to do business with them because I see them all the time. So we really do feel like that's going to really help reduce that and continue to help us grow.... But again, that's definitely a focus of mine personally."
_____
"and we believe the warmer spring months will provide even greater opportunities to sign up new customers."
https://www.globenewswire.com/news-release/2022/04/19/2424964/0/en/SurgePays-Passes-100-000-Mobile-Broadband-Subscribers.html
"The numbers that were coming in that we're seeing online, is a cost of about $20 to $25, compared to a $45 commission in the field. So we're hoping that continues. And we're able to look at more of a blended cost per acquisition, somewhere in the $30 to $35 range, which is would significantly, and estimates a 25% drop in our cost per acquisition by being able to go direct online."
https://seekingalpha.com/article/4512143-surgepays-inc-surg-ceo-brian-cox-on-q1-2022-results-earnings-call-transcript
All that Brian Cox SurgePays bull about CAC @ $12 per in-store, now Coxy Woxy wants to go online, and reduce the in-store sales. But his whole SurgePays Portal platform requires stores. -- lolzzzzzzzzzz.
_________
"Well, maintaining that supply is very important, because the salesperson cannot run out of tablets, or they will bounce to another competitor.
https://seekingalpha.com/article/4512143-surgepays-inc-surg-ceo-brian-cox-on-q1-2022-results-earnings-call-transcript
Looks like the SurgePay, Inc. sales force is not in-house at all.
_________
There's more, maybe another time. If Brian Cox is so legitimate, there would be zero need to align with a front or scam like Parichute. Nor scam retail over the years with pump n dump deceptions.
Who cares, no one is looking back, only forward as they continue to expand and increase Revenue every year! lolzzzzzzzzzz
The aggregate market value of our outstanding common stock held by non-affiliates is $70,177,543 based on 14,219,596 shares of outstanding common stock, of which 5,661,359 are held by affiliates, and a per share price of $8.20 based on the closing sale price of our common stock on June 13, 2023. Pursuant to General Instruction I.B.6 of Form S-3, We have no event will we sell our common stock in a public primary offering with a value exceeding more than one-third of our public float in any 12-month period so long as our public float remains below $75,000,000. offered any securities pursuant to General Instruction I.B.6. of Form S-3 during the prior 12 calendar month period that ends on and includes the date of this prospectus.
Nice pull back to re-load. Sales are strong, revenue is strong.....way undervalued now! Over sold
All disappeared! --Every SurgePays news PR prior to February-22,-2021.
What's grifter CEO Kevin Brian Cox doing hiding all the SurgePays, Inc. and Surge Holdings, Inc., and KSIX Media news releases?
https://ir.surgepays.com/news-events/press-releases/
.
New SurgePays Short Report Out
Report Here: birddogresearch.com
SurgePays files $100M mixed securities shelf
Hi StockItOut, I've checked the 10-Q's and 10-K's, but couldn't find your Memphis assertion. In spite of all the prior shenanigans, could it be that with the ACP-deals they actually did strike gold? I mean, it's probably a lousy product they're offering (given the extraordinary attrition rate), but the FCC is still working with them and I don't see how they can collect from the ACP without actual individuals buying their tablets...
Markets didn't fall for that bs 8k but the stock fell lol. These guys are dealing with NASDAQ buyers not the OTC buyer they could manipulate. The pazzz as wore off now it's reality.
Harold
It's funny Grifter Kevin Brian Cox is still doing his scam penny stock deals, considering he's on nasdaq now.
Once a scammer... then always... ok maybe not. But 'continued scammer' is well evidenced with grifter CEO Kevin Brian Cox of SurgePays, Inc.
Coxy's new deal: that ParichuteConnect is a total scam or front. Nothing worthy of a nasdaq listed company to engage business with, unless nasdaq has become 'the big board that's good for scams,' that SurgePays, Inc. certainly is.
Confused because this is NASDAQ, not a penny stock promising to build a plane or flying car 20 years from now! lolzzzzz
Look at Brian "The Grifter" Cox's latest ParichuteConnect scam.
Laughable how lame this grift is thrown together.
Yet another Brian Cox scam partnership.
Jeremy Gies shows himself a scammer too.
President of SurgePays Fintech, Jeremy Gies, "With our capability to enroll new wireless customers through a social impact distributor like ParichuteConnect..." Wow! Really? A "social impact distributor" that impacts just a relatively few socialites, maybe, and impacts their bank account balances upward.
The parachute, (in this case 'parichute') has a hole in it with broken chute tethers too. Sparkling new domain name... what else...? There's plenty more...
SurgePays, Inc. is a scam. Always has been. Fact.
.
Brian Cox continues-his-same SurgePays, Inc. penny-stock fake news and PR promotions.
ParichuteConnect is a scam. So obvious, but can't tell CEO Coxy "The Grifter" and the Guy because they'll just obfuscate what readily shows itself as their scam.
LOL! 10-minutes-of-DD-readily-shows ParichuteConnect is a scam.
Revenue doesn't come-from-stores, just read the 10-K, & 10-Qs.
It's all been mentioned before, often. Pay attention.
As to SurgePay Inc.'s Affordable Connectivity Program revenues, these SurgePays Inc. 'customers', where SurgePays Inc. CEO Brian "Mr. Fake Handshake" Cox lied about how these SurgePays, Inc. customers were acquired, this revenue is purchased by SurgePay Inc.
Mentioned before, and described often.
SurgePay Inc. is a scam company, with grifter management. Always has been. Fact.
SurgePays Announces Partnership with ParichuteConnect
BARTLETT, Tenn., June 27, 2023 (GLOBE NEWSWIRE) -- SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a technology and telecommunications company focused on the underbanked and underserved, announced today that it has entered into a Distribution Agreement with ParichuteConnect, a social impact investor who looks to use their investment dollars to effect social improvements, to drive signups in the Affordable Connectivity Program ("ACP") for their focus populations across the United States.
The distribution agreement allows SurgePays the opportunity to provide ParichuteConnect's representatives with the resources necessary to drive ACP applications in state or city school systems, community service organizations, and public service organizations.
President of SurgePays Fintech, Jeremy Gies said, "This agreement is a great opportunity for SurgePays to expand our ACP subscriber base by partnering with local grassroots and even national government organizations. Social awareness and corporate responsibility are foundational to our business model of providing access to the internet and wireless services to the underserved and lower-income markets in our country. With our capability to enroll new wireless customers through a social impact distributor like ParichuteConnect, we can create win-win scenarios, grow the SurgePays network, and increase the benefits offered by our partners."
ACP eligibility is open to households that benefit from various government programs like the free school lunch program, Supplemental Nutrition Assistance Program (SNAP) and Special Supplemental Nutrition Program for Women, Infants, and Children (WIC), among others.
About ParichuteConnect
ParichuteConnect (PAR) was birthed from Mastar Capital, a New York Merchant Bank and social impact investor. In addition to their business pursuits, PAR's founding partners were former chairs of the Boys and Girls Club of America and members of the Bill and Melinda Gates Foundation Advisory Board. PAR developed a Crowdfunding Platform that utilizes luminaries, sports stars, celebrities, etc., who migrate to Social Media sites to encourage donations for worthy causes. PAR has mounted recent campaigns for the Boys and Girls Clubs in connection with the Men's World Cup, using some of the leading world soccer players as sponsors of the campaign. In addition, PAR is mounting a similar campaign for the Women's World Cup this summer.
About SurgePays, Inc.
SurgePays is a technology and telecommunications company focused on the underbanked and underserved. SurgePhone wireless companies provide mobile broadband to low-income consumers nationwide. SurgePays fintech platform utilizes a suite of financial and prepaid products to convert corner stores and bodegas into tech-hubs for underbanked neighborhoods. SurgePays is aggressively cornering the underbanked market directly to the consumer and in the stores where they shop. Please visit www.SurgePays.com for more information.
MZ Contact
Brian M. Prenoveau, CFA
MZ Group - MZ North America
brian.prenoveau@mzgroup.us
+561 489 5315
If no products or stores, then where does the revenue come from? lolzzzzzzz
Where's the list of 8000 stores? Does-not-exist.
This company is all smoke n mirrors.
SurgePays, Inc. purchases its revenue and customers.
Fact.
Those 8,000 points of sale are not corner stores.
Fact.
There are no SurgePays, Inc. products.
Fact.
Gift cards purchased with bitcoin...? Really?
SurgePays, Inc. is bullshit, and has always been.
Fact.
Agreed, looking strong.
SurgePays Looks Ready To Scale
Jun. 16, 2023 5:54 PM ETSurgePays, Inc. (SURG)
Michael Dion
SurgePays focuses on underbanked communities, offering prepaid financial services and mobile broadband, and plans to expand its network of partner shops.
The company turned profitable in Q1 2023 and aims to grow from 8,000 stores to have 13,000 stores by the end of 2023 and 25,000 by 2024.
I believe the stock is undervalued as the market is still focused on historical results and not pricing in the benefits of scale that management has guided for 2023.
SurgePays, Inc. (NASDAQ:SURG) is a technology and telecommunications company focused on the underbanked and underserved communities. The company offers a comprehensive suite of prepaid financial services, including mobile broadband through SurgePhone Wireless, as well as prepaid debit cards and other payment solutions.
The company's revenue streams come from two main sources: customer fees for its products and services, such as monthly subscription fees for its mobile broadband service, and royalties from its network of partner shops. SurgePays also has plans to expand its network of partner shops in order to create a bit of a virtuous cycle that will help drive more customers to their products and services.
After being held back by supply chain issues in 2022, SurgePays has set itself up to scale rapidly, planning to more than double its presence in low-income neighborhoods while increasing profitability. The benefits of scale were already beginning to show in Q1 2023 results as the company turned profitable, both in EBITDA and Net Income. I believe the stock is undervalued as the market is still focused on historical results and not pricing in the benefits of scale that management has guided (and started delivering on) for 2023.
Driving Scale Through The "Corner Store"
SurgePays has driven most of its growth by leveraging the Affordable Connectivity Program. The ACP is a federal initiative in the United States to provide affordable internet access to low-income households. The program offers a $30 monthly subsidy to eligible families to help offset the cost of broadband service provided by participating internet service providers. In addition, the program provides a one-time discount of up to $100 for a laptop, tablet, or desktop computer purchased through a participating retailer.
SurgePays offers its services to consumers through neighborhood convenience stores, which is the cornerstone of its strategy to scale. As discussed in the Q1 2023 earnings call, SurgePays has 8,000 stores online now and expects to have 13,000 by the end of 2023. They are also staging to have 25,000 stores by the end of 2024.
Management noted in the Q1 2023 earnings press release that growth in 2022 stagnated due to supply chain issues with the tablets SurgePays provides convenience store owners. The supply chain issue was resolved, and SurgePays has also cut the cost of tablets by almost half, setting the company up to onboard thousands of retailers this year. In addition, management noted that they resolved supply chain issues with pre-paid mobile devices, allowing them to onboard customers to pre-paid plans with "unthrottled sales capacity." This explains why 2023 performance and scale will look so different from the stagnant performance in 2022.
EBITDA Has Turned A Corner And Continues To Improve
SurgePays turned profitable in Q1 2023 on $34.8 million in revenue, posting a net income of $4.5 million and EBITDA of $5.0 million. This was an eye-popping improvement from the full year 2022 which generated a net income of ($0.7) million and EBITDA of $1.6 million.
In the Q1 2023 earnings release, management provided revenue guidance for 2023 of $190 million or roughly $47.5M per quarter. Since Q1 was only $34.8 million, the growth is heavily backloaded, as management confirmed in the earnings call. While they wouldn't provide specific EBITDA guidance, they indicated in the earnings discussion that it would scale at a similar rate from Q4 2022 to Q1 2023. This would give an EBITDA range of $26 to $30 million across the full year or a 14-16% margin at the low end.
Valuation Multiples Don't Reflect Growth Trajectory
Given the rapid growth and quick turn to profitability, you would expect fairly strong valuation multiples. However, that is not at all the case. The Wireless Telecommunications Sector overall is made up of more mature, slower-growing companies. Yet, SurgePays has a P/E ratio of 60% below the sector, an EV / Sales ratio of 69% below the sector, and an EV / EBITDA ratio of 29% below the sector. Depressed valuations made sense in 2022 as growth stagnated, but the market has not reacted to the business momentum in 2023.
Looking at the quant ratings, SurgePays is given a Strong Buy rating even with the company having just turned profitable. As discussed above, momentum and growth ratings are especially strong, with valuation lagging.
Downside Potential
First and foremost, relying on government programs is always tricky. If funding for the ACP program is cut by future legislation, it could have an effect on SurgePays’ customer base and revenue.
Second, there are numerous competitors in the market. SurgePays may be one of the frontrunners now, but that doesn’t mean they won’t face increased competition soon. It will be important to keep up with technological advances and maintain strong customer relationships to avoid being outpaced.
Lastly, the success of SurgePays is highly dependent on its ability to scale rapidly. If they are unable to recruit new stores successfully and hit their target of 25,000 stores, then their revenue and profitability could be impacted.
Verdict
SurgePays has taken a unique approach to scaling by focusing on neighborhood convenience stores and has already seen success with its 8,000 stores online. They will have 13,000 stores by the end of 2023 and 25,000 by 2024. Profitability is improving as well, with improved EBITDA and revenue growth. Valuation multiples are very depressed for a company driving this type of profitability, making it an attractive investment opportunity. However, there are risks to be aware of, particularly in relying on government programs and the potential for increased competition.
Despite the risks, I believe that the stock is undervalued as the market hasn't given SurgePays credit for its demonstrated ability to scale and the profitability improvements in the Q1 2023 results. I rate this stock a buy, as I think the growth potential and momentum in 2023 outweigh the long-term risks.
I feel the pain for the shorts.........that is one heck of a burning smell! lolzzzzzz
"more likely they are real." LOL! That's right, can't tell what's real and what's not with this scam.
We know for certain SurgePays purchases it customers.
As fact, SurgePays, Inc. did not acquire its customers in the manner Grifter CEO Brian Cox conveyed.
Those Benzinga boys hate Brian Cox now. He flat out lied to them on a live streaming show too.
Fact.
Sorry,
Hmmmm, hard to get real revenue and keep growing it with Magic Customers.......more likely they are real, and obviously growing in numbers......lolzzzzzz
Magic customers are the best because you never run out of them!
This stock is about to explode! They are trying to hold it down. When the next ER is initiated in August the numbers will be undeniable. If anyone plans to buy in they better do it now before she goes to double digits!!
I wouldn't short this piece-of-sh*4 scam
Shorts took a hard hit the other day.........no way holding this back....upward from here!
Where is one SurgePays store located? Where?
Scam here!
100% Fact.
.
Strong move today......shorts taking a beating for sure
Surge looking STRONG! Revenue keeps on increasing! Solid investment!
Yup, same ol' Brian Cox bullshit. "Earning revenue" means SurgePays pays a lot of money to purchase its revenue.
SurgePays, Inc. is a scam.
Always has been.
SurgePays, Inc. did not acquire its broadband customers in the manner described by Brian Cox. Fact. Guaranteed. Tents and tables outside stores.... Coxy lies.
Even the Benzigna boys wound up hating Brian Cox when they figured out he's complete bullshit, a fraud. Bitcoin transaction fees selling personalized gift cards and cell phone re-up cards to the underbanked. LOL.
CEO Brian Cox is a grifter with an apple pie football analogy talkin' smile.
.
"Overall, SurgePays is predicting that it will earn at least $190 million in total revenue in FY 2023."
Bartlett-based SurgePays eclipses $100M in revenue for first time
By John Klyce – Reporter, Memphis Business Journal
Apr 3, 2023
https://www.bizjournals.com/memphis/news/2023/04/03/surgepays-technology-broadband-growth-earnings.html?csrc=6398&taid=642bd90abfdda20001eb430d&utm_campaign=trueAnthemTrendingContent&utm_medium=trueAnthem&utm_source=twitter
Surge revenue keeps doubling each year! No SCAM in that ! lolzzzzz
Ouch! buying $3.50 before the stock split.
.
Best short ever! Always short a scammer!
Yes, was a great spot for me to reload! Weeeeeeeeeeeee
Nice update.......I can see $8+ near soon as well.
Ummmm, chart says something completely different. Time to load!
Daily 50 just crossed below 200.
.
Fake revenues that in majority SurgePays purchases.
100% certain SurgePays, Inc. did not acquire its broadband customers in the manner it claims.
Scam is certain.
What happened to SurgePays, Inc. installing its SurgePays Portal into 40,000 to 110,000 AATAC stores. CEO Brian Cox abandoned that 2.5 year push to replace all those SurgePays promised never delivered products (lol) sales with zero revenue.
Nice going Cox.
SurgePays, Inc. motto is "build it so they don't come."
.
Interesting reddit thread on earnings report:
https://www.reddit.com/r/pennystocks/comments/11zzniw/surg_surgepays_major_investor_conference_call/
SurgePays, Inc. legitimate scam, Illegitimate company.
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Moderators bUrRpPPP! SurgeGuy2.0 StockItOut |
Q1 and Q2 'Massive' Revenue Increased solely due to
share-dilution purchase acquision of ECS Marketplace.
ECS Marketplace was purchased Sept 30, 2019.
So, year-to-year Quarterly revenue increases from ECS are over.
In fact, ECS already has lower revenue by $10 Million annually,
than when as claimed at purchase on Sept. 30, 2019.
ECS Marketplace is a money losing operation!!
ECS Marketplace, since acquisition, has always been a
money losing operation for Surge Holdings!!
_________
Surge Holdings Inc. files its SEC filings to say:
"At the level of operations, the Company has to borrow funds
to meet basic operating costs."
__________
This Section is Maintained by SurgeGuy 2.0
WARNING
The Above Information in this Box are based on Lies against the CEO. An easy Google search will confirm the CEO was never convicted of Fraud or anything else....in fact, the Government had to drop the case and apologize!!!!! The other fact is the lies that the company lies on the financials, yet every 10K is audited and SurgePays was up-listed to NASDAQ!!! Despite posts claiming they never applied....
FACTS!!!
SurgePays has increased revenue over the past 2 years by over 300%!!!!!!
SurgePays is listed on the NASDAQ!!!
SurgePays O/S is only around 12.5M shares
SurgePays has over $12M in cash on hand and has retired all debt!!!!
Revenue continues to grow and will be about 3 times the current market cap!!!!!
First year evaluation has the price per share at $6.63!!!!!!
This section maintained by SurgeGuy 2.0
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