Monday, November 15, 2021 4:44:10 PM
Revenue decreased $6,199,394 (14%) primarily as a result of a decreases in revenue for: ECS of $8,048,595 and True Wireless of $567,072, offset by increases in LogicsIQ of $1,723,853, and Surge Blockchain of $692,420. Loss from operations decreased $4,438,936 primarily as a result of an increase in operating profit in Surge Blockchain and LogicsIQ.
The Company has incurred significant losses since its inception and has not demonstrated an ability to generate sufficient revenues from the sales of its products and services to achieve profitable operations.
Revenues are generated through the re-sale of telecommunication products such as mobile phones, wireless top-up refills, and other mobile related products. At the time in which our products are sold through our online web portal (point of sale), our performance obligation is considered complete. At point of sale, our web portal platform initiates an automated clearing house transaction (ACH) resulting in the recording revenue.
Recent SURG News
- SurgePays, Inc. Announces Launch of Prepaid Wireless Brand LinkUp Mobile • GlobeNewswire Inc. • 06/06/2024 12:30:00 PM
- SurgePays Announces First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/13/2024 08:15:00 PM
- SurgePays Announces First Quarter 2024 Earnings Release and Conference Call • GlobeNewswire Inc. • 05/06/2024 08:01:00 PM
- SurgePays to Participate in Water Tower Fireside Chat Series • GlobeNewswire Inc. • 04/18/2024 08:55:37 PM
- SurgePays Announces Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 03/12/2024 08:01:00 PM
- SurgePays Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call • GlobeNewswire Inc. • 03/05/2024 09:01:00 PM
- Congressman David Kustoff Visits SurgePays Headquarters in Bartlett, Tenn. • GlobeNewswire Inc. • 02/27/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 10:00:33 PM
- SurgePays Taps Derron Winfrey as Vice President • GlobeNewswire Inc. • 02/16/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/12/2024 10:25:22 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 02/05/2024 09:34:15 PM
- SurgePays Announces Strategic Partnership with SIN PIN • GlobeNewswire Inc. • 01/23/2024 01:30:00 PM
- SurgePays Announces Closing of $15 Million Public Offering • GlobeNewswire Inc. • 01/22/2024 11:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/22/2024 02:00:13 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 01/19/2024 09:30:29 PM
- SurgePays Announces Pricing of $15 Million Public Offering • GlobeNewswire Inc. • 01/18/2024 01:01:00 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 01/17/2024 09:05:50 PM
- SurgePays Announces Proposed Public Offering • GlobeNewswire Inc. • 01/17/2024 09:05:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 02:00:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/12/2024 09:30:25 PM
- Jeremy Gies Appointed to President of SurgePays, Inc. • GlobeNewswire Inc. • 01/12/2024 09:01:00 PM
- Garth Billstin Named Vice President of Sales for SurgePays • GlobeNewswire Inc. • 01/10/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 01:00:34 PM
- SurgePays Acquires ClearLine Mobile • GlobeNewswire Inc. • 01/09/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 09:55:32 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM