SurgePays, Inc. Provides Earnings Guidance for the Year 2021; Provides Earnings Guidance for the Fourth Quarter of 2022
February 01, 2022 at 09:25 am EST
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SurgePays, Inc. provided earnings guidance for the year 2021. For the year, the company expects to report revenues between $51 - $55 million and with loss from operations cut almost in half compared to 2020.
For the fourth quarter, the company expects consolidated to hit $130 million in annualized revenues by fourth quarter in 2022.
SurgePays, Inc. is a technology and telecommunications company, which is focused on the underbanked and underserved communities. The Company provides mobile broadband to low-income consumers nationwide. Its segments include Mobile Virtual Network Operators, Comprehensive Platform Services and Lead Generation. Mobile Virtual Network Operators segment provides mobile broadband (internet connectivity), voice and SMS text messaging to both subsidized and direct retail prepaid customers through its subsidiaries, SurgePhone Wireless, LLC and Torch Wireless, LLC. Comprehensive Platform Services segment provides financial technology and a wireless top-up platform to independently owned convenience stores throughout the country via its subsidiaries, SurgePays Fintech, ECS Prepaid, LLC, Electronic Check Services, Inc. and Central States Legal Services, Inc. Lead Generation segment provides lead generation and case management solutions, primarily to the law firms in the mass tort industry.
SURGEPAYS, INC. 
