SurgePays, Inc. financial data

Symbol
SURG, SURGW on Nasdaq
Industry
Telephone Communications (No Radiotelephone)
Location
3124 Brother Blvd, Suite 104, Bartlett, TN
State of incorporation
NV
Fiscal year end
December 31
Former names
Surge Holdings, Inc. (to 11/4/2020), KSIX Media Holdings, Inc. (to 12/28/2017), NORTH AMERICAN ENERGY RESOURCES, INC. (to 6/10/2015), North American Energy Resources, Inc. (to 6/10/2015), Mar Ked Mineral Exploration, Inc. (to 8/11/2008)
Latest financial report
10-Q - Q2 2024 - Aug 13, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 413 % +218%
Quick Ratio 90.9 % +58.3%
Debt-to-equity 36.6 % -89.9%
Return On Equity -3.97 % -103%
Return On Assets -2.91 % -109%
Operating Margin 11.9 % +152%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 19.7M shares +38.8%
Common Stock, Shares, Outstanding 19.4M shares +36.5%
Entity Public Float 62.6M USD +77.6%
Common Stock, Value, Issued 19.4K USD +36%
Weighted Average Number of Shares Outstanding, Basic 19.4M shares +36.9%
Weighted Average Number of Shares Outstanding, Diluted 19.4M shares +28.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 134M USD -1.02%
Revenue from Contract with Customer, Excluding Assessed Tax 113M USD -21%
Cost of Revenue 90.3M USD -22.6%
Costs and Expenses 114M USD -11.9%
Operating Income (Loss) -1.17M USD -109%
Nonoperating Income (Expense) 538K USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -10.3M USD -271%
Income Tax Expense (Benefit) 2.55M USD
Net Income (Loss) Attributable to Parent -1.54M USD -113%
Earnings Per Share, Basic 0.12 USD/shares -86.2%
Earnings Per Share, Diluted 0.08 USD/shares -90.5%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 7.04M USD +12%
Accounts Receivable, after Allowance for Credit Loss, Current 1.41M USD -86.3%
Inventory, Net 8.36M USD -53.8%
Assets, Current 48.7M USD +44.4%
Property, Plant and Equipment, Net 221K USD -56%
Operating Lease, Right-of-Use Asset 396K USD -3.27%
Intangible Assets, Net (Excluding Goodwill) 1.8M USD -26.6%
Goodwill 4.17M USD +150%
Assets 56.4M USD +41.2%
Liabilities, Current 6.6M USD -64.3%
Operating Lease, Liability, Noncurrent 317K USD -16.1%
Liabilities 10.1M USD -56.7%
Retained Earnings (Accumulated Deficit) -26.8M USD -6.07%
Stockholders' Equity Attributable to Parent 46.2M USD +182%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 46.3M USD +179%
Liabilities and Equity 56.4M USD +41.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 4.04M USD +41%
Net Cash Provided by (Used in) Financing Activities 24.3M USD
Net Cash Provided by (Used in) Investing Activities -157K USD -1277%
Common Stock, Shares Authorized 500M shares 0%
Common Stock, Shares, Issued 19.4M shares +36.5%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 28.3M USD +1451%
Interest Paid, Excluding Capitalized Interest, Operating Activities 129K USD +28.9%
Deferred Tax Assets, Valuation Allowance 4.75M USD
Deferred Tax Assets, Gross 4.97M USD
Operating Lease, Liability 414K USD -1.38%
Depreciation 282K USD -26.8%
Payments to Acquire Property, Plant, and Equipment 11.4K USD +336%
Lessee, Operating Lease, Liability, to be Paid 473K USD -6.36%
Property, Plant and Equipment, Gross 1.09M USD 0%
Operating Lease, Liability, Current 96.3K USD +133%
Lessee, Operating Lease, Liability, to be Paid, Year Two 65K USD +2.49%
Lessee, Operating Lease, Liability, to be Paid, Year One 116K USD +87.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 58.9K USD -30.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 66.6K USD
Deferred Tax Assets, Operating Loss Carryforwards 4.84M USD
Deferred Federal Income Tax Expense (Benefit) 293K USD
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 61.1K USD
Operating Lease, Payments 9.55K USD -56.7%
Additional Paid in Capital 73M USD +75.3%
Current Federal Tax Expense (Benefit) 130K USD
Amortization of Intangible Assets 654K USD 0%
Deferred Tax Assets, Net of Valuation Allowance 217K USD
Interest Expense 400K USD