SurgePays (NASDAQ:SURG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$4.77m (down 86% from 3Q 2023).
• Net loss: US$14.3m (down by 302% from US$7.08m profit in 3Q 2023).
• US$0.72 loss per share (down from US$0.50 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

SurgePays Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 45%. Earnings per share (EPS) also missed analyst estimates by 174%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Wireless Telecom industry in the US.

Performance of the American Wireless Telecom industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 5 warning signs for SurgePays that we have uncovered.

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