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Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>SurgePays announced on June 6 that it has officially launched LinkUp mobile.</li><li>The nationwide launch represents the company’s main effort to diversify its business model from the Affordable Connectivity Program (ACP) market.</li><li>LinkUp’s aggressive pricing and promotion seek to revolutionize the prepaid market. </li></ul>

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. 

SurgePays, Inc. - Launch of LinkUp Mobile Marks an Exciting New Chapter for Surge

<ul><li>After the close on Monday, SurgePays reported in- line 1Q24 results.</li><li>Total revenue of $31.4 million was in line with our $31.6 million estimate but easily beat consensus of $25.3 million.</li><li>Upside to consensus may be the result of the Street taking a much more conservative approach to the cessation of the ACP.</li></ul>

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.

SurgePays, Inc. - Reports In-Line 1Q24 Results; Outlines Bold Objectives for Prepaid

<ul><li>After the close on Tuesday, SurgePays reported mixed 4Q23 results.</li><li>Total revenue of $32.3 million exceeded our $32.1 million estimate but was slightly below consensus of $33.6 million.</li><li>However, EBITDA of $3.4 million was below both our estimate and consensus of $6.5 million and $6.9 million, respectively.</li></ul>

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.

SurgePays, Inc. - Reports Mixed 4Q Results in Uncertain Market

<ul><li>We are initiating coverage of SurgePays (SURG), a forward- looking financial technology and telecommunications firm dedicated to serving the underbanked.</li><li>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).</li><li>SURG has built a profitable business in the ACP segment of <span style="font-size: var(--content-font-size);">the wireless market. </span></li></ul>

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. 

SurgePays, Inc. - Wireless Provider Turns Emerging Fintech Platform

United States

SurgePays, Inc. is a technology and telecommunications company. The Company focuses on the underbanked and underserved communities, as well as provides fintech platform for financial and prepaid products to convert corner stores and bodegas into tech-hubs for underbanked neighborhoods. SurgePays serves customers in the United States.

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SurgePays (SURG US)

SurgePays, Inc. - Launch of LinkUp Mobile Marks an Exciting New Chapter for Surge

The nationwide launch represents the company’s main effort to diversify its business model from the Affordable Connectivity Program (ACP) market.

Water Tower Research

SurgePays, Inc. - Reports In-Line 1Q24 Results; Outlines Bold Objectives for Prepaid

Upside to consensus may be the result of the Street taking a much more conservative approach to the cessation of the ACP.

Water Tower Research

SurgePays, Inc. - 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...

Water Tower Research

SurgePays, Inc. - Wireless Provider Turns Emerging Fintech Platform

We are initiating coverage of SurgePays (SURG), a forward- looking financial technology and telecommunications firm dedicated to serving the...

Water Tower Research

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