A Business at a Glance
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ITEM 1. BUSINESS Company Overview and History About SurgePays, Inc. SurgePays, Inc. (“SurgePays”, “we”, the “Company”) is a financial technology and telecommunications company with one clear mission: to enhance connectivity and financial access in the places people live, shop, and work. We were previously known as North American Energy Resources, Inc. and KSIX Media Holdings, Inc. Prior to April 27, 2015, we operated solely as an independent oil and natural gas company engaged in the acquisition, exploration and development of oil and natural gas properties and the production of oil and natural gas through its wholly owned subsidiary, NAER. On April 27, 2015, NAER entered into a Share Exchange Agreement with KSIX Media whereby KSIX Media became a wholly owned subsidiary of NAER and which resulted in the shareholders of KSIX Media owning approximately 90% of the voting stock of the surviving entity.
| Metric | TTM | FY2024 | FY2015 | FY2012 | FY2011 |
|---|---|---|---|---|---|
| Revenue | 61M | 61M | 2.8M | - | - |
| Net Income | -46M | -46M | -1.3M | -655K | -462K |
| EPS | $-2.39 | $-2.39 | $-2.00 | $-1.52 | $-1.07 |
| Free Cash Flow | -22M | -22M | -234K | - | -69K |
| ROIC | -215.5% | -215.5% | -106.1% | 18014.4% | 2875.4% |
| Gross Margin | -23.5% | -23.5% | 17.7% | - | - |
| Debt/Equity | 0.00 | 0.57 | -0.92 | -1.00 | -1.10 |
| Dividends/Share | $0.00 | - | - | - | - |
| Operating Income | -42M | -42M | -1.3M | 652K | 425K |
| Operating Margin | -68.6% | -68.6% | -46.6% | - | - |
| ROE | -298.6% | -209.9% | - | - | - |
| Shares Outstanding | 19M | 19M | 1M | 0M | 0M |
| Metric | 2011 | 2012 | |||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | N/A | N/A | 2.8M | 61M | 61M |
| Gross Margin | N/A | N/A | 17.7% | -23.5% | -23.5% |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 425K | 652K | -1.3M | -42M | -42M |
| Op. Margin | N/A | N/A | -46.6% | -68.6% | -68.6% |
| Net Income | -462K | -655K | -1.3M | -46M | -46M |
| Net Margin | N/A | N/A | -47.2% | -75.1% | -75.1% |
| Non-Recurring | 47K | 0 | 0 | 867K | 867K |
| Returns on Capital | |||||
| ROIC | N/M | N/M | -106.1% | N/M | N/M |
| ROE | N/A | N/A | N/A | -209.9% | -298.6% |
| ROA | -3956.8% | -9012.7% | -65.3% | -138.8% | -190.7% |
| Cash Flow | |||||
| Op. Cash Flow | -69K | 0 | -225K | -21M | -21M |
| Free Cash Flow | -69K | N/A | -234K | -22M | -22M |
| Owner Earnings | -71K | 0 | -726K | -22M | -22M |
| CapEx | 0 | 0 | 10K | 518K | 518K |
| Maint. CapEx | 2K | 0 | 501K | 942K | 942K |
| Growth CapEx | N/A | N/A | 0 | 0 | 0 |
| D&A | 2K | 0 | 501K | 942K | 942K |
| CapEx/OCF | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 0 | 0 | 300K | 11K | 11K |
| Balance Sheet | |||||
| Net Debt | N/A | N/A | 1.6M | N/A | 0 |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | 556K | N/A | N/A |
| Debt/Equity | -1.10 | -1.00 | -0.92 | 0.57 | 0.00 |
| Interest Coverage | 11.5 | 49.7 | -86.9 | -75.4 | -75.4 |
| Equity | -113K | -769K | -607K | 15M | 15M |
| Total Assets | 12K | 3K | 2.6M | 24M | 24M |
| Total Liabilities | 125K | 772K | 3.2M | 8.7M | 8.7M |
| Intangibles | N/A | N/A | N/A | 4.8M | 4.8M |
| Retained Earnings | 3.0M | 3.6M | -1.4M | -61M | -61M |
| Working Capital | -116K | -771K | -2.3M | 12M | 12M |
| Current Assets | 9K | 0 | 346K | 18M | 18M |
| Current Liabilities | 125K | 772K | 2.6M | 6.1M | 6.1M |
| Per Share Data | |||||
| EPS | -1.07 | -1.52 | -2.00 | -2.39 | -2.39 |
| Owner EPS | -0.16 | 0.00 | -1.09 | -1.16 | -1.16 |
| Book Value | -0.26 | -1.78 | -0.91 | 0.80 | 0.80 |
| Cash Flow/Share | -0.16 | N/A | -0.34 | -1.11 | -2.34 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 0.4M | 0.4M | 0.7M | 19.1M | 19.1M |
| Valuation | |||||
| P/E Ratio | N/A | N/A | N/A | N/A | -0.3 |
| P/FCF | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | 2.3 | 1.0 |
| Price/Sales | N/A | N/A | N/A | 1.1 | 0.3 |
| FCF Yield | N/A | N/A | N/A | -62.3% | -137.7% |
| Market Cap | N/A | N/A | N/A | 35M | 16M |
| Avg. Price | N/A | N/A | N/A | 3.61 | 0.83 |
| Year-End Price | N/A | N/A | N/A | 1.83 | 0.83 |
SurgePays, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
SurgePays, Inc. (SURG) has a 5-year average return on invested capital (ROIC) of -106.1%. This is below average and may indicate limited pricing power.
SurgePays, Inc. (SURG) has a market capitalization of $16M. It is classified as a small-cap stock.
SurgePays, Inc. (SURG) does not currently pay a regular dividend.
SurgePays, Inc. (SURG) operates in the Telephone Communications (No Radiotelephone) industry, within the Communication Services sector.
SurgePays, Inc. (SURG) reported annual revenue of $61 million in its most recent fiscal year, based on SEC EDGAR filings.
SurgePays, Inc. (SURG) has a net profit margin of -75.1%. The company is currently unprofitable.
SurgePays, Inc. (SURG) generated $-22 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
SurgePays, Inc. (SURG) has a debt-to-equity ratio of 0.57. This indicates moderate leverage.
SurgePays, Inc. (SURG) reported earnings per share (EPS) of $-2.39 in its most recent fiscal year.
SurgePays, Inc. (SURG) has a return on equity (ROE) of -209.9%. A negative ROE may indicate losses or negative equity.
SurgePays, Inc. (SURG) has a 5-year average gross margin of -2.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 4 years of financial data for SurgePays, Inc. (SURG), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SurgePays, Inc. (SURG) has a book value per share of $0.80, based on its most recent annual SEC filing.