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$SURG has Favorable Outlook for 2020 68% Annual Rev Increase

OTC:SURG   SURGE HOLDINGS, INC
Current Price: $0.29
Float: 18.32M
About Surge Holdings, Inc:
Surge Holdings, Inc. operates the SurgePays™ Marketplace, a product sales channel that disrupts the traditional c-store supply chain model by providing independent and local retailers direct access to regional manufacturers from around the country. Surge leverages its wholly owned subsidiaries (value driven prepaid wireless and fintech products) to build relationships with convenience stores, bodegas, tiendas and community markets that serve the underbanked and unbanked - approximately 35% of the US population. Once a store is onboarded to the SurgePays™ Marketplace, and the trusted profit partnership is established, Surge upsells other consumable goods by connecting manufacturers directly to these retail stores. The SurgePays™ Marketplace provides manufacturers measurable cost savings by cutting out distributors and offers an efficient platform to access independent retailers to sell products nationwide with improved payment terms. For more information on Surge Holdings and its subsidiaries, please visit: https://surgeholdings.com.
Investment Highlights:
At current levels, there may be no better risk/reward offering than Surge Holdings, Inc. The stock has multiple factors in its favor where each one on its own would serve as a major catalyst. Combined, major stock gains are projected by analysts.
Reported Rapid Growth in Surge Logics; Surge Logics Sales Increase Nearly 10-Fold in January 2020 Versus Same Period Last Year
Annual Revenue Increased 68.9% to $25.7 Million for 2019 Versus $15.2 Million for 2018
The Company recently acquired ECS adding 9,800 retail stores and approximately $48 million in top line revenue. Given the cross sell opportunites, we believe that this segment’s top line revenue could grow by 40%-50% in its first full year, potentially taking it to the $70-$75m level in 2020.
Surge announces completion of the onboarding of SurgePhone Wireless to ECS network. As a result of the integration Surge expects to add an additional $50 million of revenue on an annualized basis.
Surge’s “Multiplier Model” Translates into Exponential Growth. In our view, the best way to describe the core of Surge’s approach is what we term the “Multiplier Model.” The essence of Surge’s capabilities is its inherent, exponential growth model. Top-line growth rises exponentially as new locations are on-boarded, and when new products/services are executed in existing or new stores through the Surge platform. Thus, revenue growth forecasts remain high.
The First National In-Store CBD Sales Channel? The sale of CBD products is one of the fastest growing and most popular consumer offerings and is limited only by the current lack of true, national, in-store availability. Through the Surge network of local retailers and C-stores, a primary sales channel for these products, Surge has just begun to offer products with strong results. The Multiplier Model targeting the introduction of the top CBD products will drive industry sales and add major revenue/profit growth to Surge.
Surge Holdings Provides Year-End Business Update
Annual Revenue Increases 68.9% to $25.7 Million for 2019 Versus $15.2 Million for 2018
Reports favorable outlook for continued revenue growth and cash flow in 2020
The Company provided a business update and reported financial results for the twelve months ended December 31, 2019.
Brian Cox, Chairman and CEO of Surge Holdings, commented, “While the 69% increase in sales for 2019 is clear confirmation of our accomplishments, our true progress was marked by the dramatic transformation of the business, as we laid the foundation for accelerated growth in 2020. In the fourth quarter, we generated $13.4 million in sales, which puts us at a revenue run rate of more than $50 million at year end— substantially above our full year 2019 results. For the year, revenue associated with our SurgePays™ Marketplace increased more than three-fold to $4.2 million; revenue from Surge Logics increased eighteen-fold to $7.2 million; and we added $10.7 million in new revenue via the fourth quarter acquisition of ECS. Heading into 2020, we expect each of these business lines will continue to be significant contributors to our growth. With the addition of 9,800 ECS retail locations to our network, we have a significant opportunity to cross-sell additional products to these stores. These products include our newly launched Loco Rabbit Brand “Grab-n-Go” Phones and other targeted consumer products, which we believe will help drive further growth through the SurgePays™ Marketplace. Importantly, 2019 was a year in which we invested heavily in software development, our infrastructure, and new initiatives, which temporarily impacted our profitability. More recently, we added key members to our management team, such as Tony Evers as CFO and Tod Farnan as National Sales Director for SurgePays™. We look forward to seeing all these initiatives take hold in 2020, with the expectation of driving meaningful increases in both revenues and cash flow. We will also be looking at additional strategic acquisitions to bolster our network and prepaid wireless base. I am more encouraged than ever in the outlook for our business and look forward to reporting our first quarter results in the coming weeks.”
For the twelve months ended December 31, 2019, revenue increased approximately 69% to approximately $25.7 million, compared to approximately $15.2 million for the same period last year. Net loss for the twelve months ending December 31, 2019 was approximately $8.4 million or ($0.09) per basic and diluted share, versus a loss of $1.5 million or ($.02) per basic and diluted share for the twelve months ending December 31, 2018.
Surge Holdings Reports Rapid Growth in Surge Logics; Surge Logics Sales Increase Nearly 10-Fold in January 2020 Versus Same Period Last Year
The Company achieved unaudited gross revenue of nearly $1 million in January 2020, close to a ten-fold increase versus the same period last year. This puts them at an annualized revenue run-rate in excess of $10 million within this division alone.
Surge has completed the onboarding of SurgePhone Wireless to ECS’s network and expects to commence rolling out its SIM Starter Kits in the next 30 days. The Company also announced that it has launched a real time national transaction tracker for the ECS and SurgePays™ networks, which is available to view at https://surgepays.com/live/
Brian Cox, Chairman and CEO of Surge Holdings, commented, “We are pleased with how the integration of ECS is progressing, which we expect to add nearly $50 million of additional revenue on an annualized basis. ECS’s prepaid wireless business and software platform already process over 18,000 transactions per day and add about 9,800 retail locations to the SurgePays™ Network. The wholesale products portion of the SurgePays™ Marketplace should be fully integrated shortly and we are actively working on syncing up new product launches to coincide with the completion of merging the two platforms. We have successfully onboarded SurgePhone Wireless to the ECS platform and will be rolling out the SIM kits to strategic locations in the coming weeks. This offering is particularly well suited for those in rural areas where there aren’t many prepaid options. We are building another branded wireless product suited for the urban stores that comes packaged with a phone that will retail for under $60. By interconnecting the Surge Marketplace Network with the ECS platform, we are also able to leverage the combined buying power of the two platforms, including our wireless products.”
Mr. Cox added, “Finally, I am excited to report the launch of a real-time national transaction tracker, where shareholders can see in real time the millions of dollars in transactions that are taking place on our platform and will be able to observe firsthand as our network grows with more stores being added nationwide on a daily basis.”
Surge Holdings, Inc. Discusses Its 2020 Growth Strategy and Recent ECS Acquisition with CEO Brian Cox On The Stock Day Podcast
CEO of the Company, Brian Cox, joined Stock Day host Everett Jolly to Discuss His Outlook for SURGE
Jolly began the interview by noting that the Company is in over 9,800 retail stores with the recent ECS acquisition, and has grown revenues from $15.2 million to $50 million over the last two years. Jolly also inquired about the significant market for this industry, noting that there are currently over 100 million prepaid cell phone customers in the United States. "What's interesting about the market of the pay-as-you-go cell phone industry is that there is a direct correlation to the underbanked in our country," explained Cox. "If you don't service the underbanked or provide products to the underbanked, you don't realize that it represents 35% of the population living in the United States," said Cox.



Jolly commented on the Company's game changing services, adding that they represent the potential of a "paradigm shift". He then asked about the Company's target market, as well as their core products and services. "The target market is actually the underbanked consumer," said Cox. "We're building relationships with corner stores, that's my metric, and that corner store becomes a sales person for Surge," he explained. "Our goal is to reach that underbanked consumer via that corner store."

Surge Holdings Inc. Recognized By The Deloitte Technology Fast 500 As One Of The Fastest-Growing Technology Companies In North America In 2019

For 25 years, Deloitte has been honoring the companies that define the cutting edge; transform the way we do business; combine technological innovation, entrepreneurship, and rapid growth; and disrupt the technology industry. Winners are selected based on percentage fiscal-year revenue growth over a three-year period. The ranking is compiled from applications submitted directly to the Technology Fast 500 website and public company database research conducted by Deloitte LLP.


Why Your 2020 Resolution Should Be to Buy More Fintech Stocks
Financial technology -- from digital payment processing to internet-based banking and services search companies -- are nothing new, but the industry gained serious momentum in the last decade. Added convenience, new features, and shifting consumer preferences led to the fast rise of e-commerce and digital money management along with it. Many stocks in the industry turned in triple-digit-percentage returns as a result.



Fintech could be just getting started, though, especially in developing markets around the globe where cash is still by far the preferred method of doing business and traditional banking services are scarce. With a new year and new decade now here, adding fintech stocks to the portfolio is a resolution worth considering.

Bringing much needed services to the masses

Even after big returns the last few years, fintech is still a fast-growing industry. According to various researchers, spending on fintech is expected to grow in the low 20% range each year through the next few years, topping $300 billion by 2023. Emerging economies in Asia and Latin America are expanding the fastest.

With An Anticipated +5,000% Growth In Revenue, We Believe That SURG Has More Upside Than Any Other Company Operating In This Sector.

SurgePhone Wireless Announces Launch of $30 Unlimited Plan

Significant development in SurgePays Software Platform enables SurgePhone to offer one of the lowest cost unlimited plans in the USA

Now available online at SurgePhone.com and participating retail stores

Last month SURG launched their SurgePhone Wireless Unlimited Plan with unlimited talk, text and nationwide LTE data for only $30 a month, taxes and fees included.

Anthony Nuzzo, President of Surge, stated, “The SurgePhone Wireless Unlimited Plan provides an unmatched value proposition for the market of 100 million no-contract “pay as you go” customers in the United States. We believe this disruptive product will attract more convenience stores to the SurgePays™ Marketplace due to retailers looking to cash in by selling the retail SIM kits and additionally making monthly commissions from processing the $30 payments. This product, along with our complementary $10 Basic plan rounds out our branded wireless offerings. Incentivizing discounts for our customers using SurgePhone, the SurgePays™ Prepaid Debit card and our recently launched rewards programs will help build brand loyalty within our Surge ecosystem.”

SurgePhone Wireless is also offering a $10 a month starter plan with unlimited text, 16 hours of talk and 1 Gig LTE data. These two plans are supported by one of the nation’s leading wireless LTE networks, offering exceptional wireless coverage and data speed. Customers can activate the SurgePhone Unlimited Plan in any unlocked GSM wireless device while saving an average of 50% off typical unlimited phone plans. Both plans are now available on http://www.surgephone.com.

Jonathon Coffman, VP of Wireless Sales for Surge, commented, “We built and priced the SurgePhone Unlimited Plan based off the feedback from what customers need and ask for…a low cost, flat rate and value driven unlimited plan. SurgePhone is an ideal wireless solution for everyone from the unbanked, to people with credit challenges, as well as teens, fixed income seniors, or price sensitive millennials simply looking to stretch their money further. Same towers, same LTE nationwide network, so why would anyone pay more?”


How SURG is Targeting Exponential Growth by Serving the Underserved

18% of the population are labeled as credit invisible.
35% of the US is considered “underbanked”, which describes people or organizations who lack sufficient access to mainstream financial services and products typically offered by retail banks, and generally don’t have access to credit cards or loans.

SURG reaches this market through a network of convenience store community “hubs”. For mobile phone service, electronic check service, and a range of products, and services provided through a network of convenience store community “hubs”, SURG is an innovator at targeting this underbanked market. SURG provides these community “hubs” a digital supply chain solution, developed similar to Alibaba’s approach eliminating middlemen creating efficiencies and cost savings.

The retail stores become a profit partners to SURG as well as providing access to this large consumer addressable market. Now that the pipeline is created, SURG scales exponentially as they add new stores and products to their network.

The company’s CEO , Brian Cox, is a veteran in the fintech and supply chain markets, with a particular track record of success at targeting this underbanked space.

Here’s the big point for SURG: as it expands the number of participating c-stores – the local commerce hubs in underserved communities – the company’s top-line growth will skyrocket through organic expansion of its footprint/network.

That growth will accelerate as it then begins to include more and more products and services into each hub, gradually building out the marketplace for the underbanked consumers in the communities centering on these hubs.

In other words, the horizontal growth will provide a platform for vertical growth, compounding returns.

The upside potential for this model is breathtaking, and the leadership team that has been put in place has already proven that it has the chops to pull it off.

That suggests this stock is sitting at a huge undervaluation right now in the market.



Surge Holdings Inc. (OTCQB: SURG )

Current Price: $0.29

Float: 18.32M

Chart Analysis

Website | Recent News

Investor Presentation



About Surge Holdings, Inc:
Surge Holdings, Inc. operates the SurgePays™ Marketplace, a product sales channel that disrupts the traditional c-store supply chain model by providing independent and local retailers direct access to regional manufacturers from around the country. Surge leverages its wholly owned subsidiaries (value driven prepaid wireless and fintech products) to build relationships with convenience stores, bodegas, tiendas and community markets that serve the underbanked and unbanked - approximately 35% of the US population. Once a store is onboarded to the SurgePays™ Marketplace, and the trusted profit partnership is established, Surge upsells other consumable goods by connecting manufacturers directly to these retail stores. The SurgePays™ Marketplace provides manufacturers measurable cost savings by cutting out distributors and offers an efficient platform to access independent retailers to sell products nationwide with improved payment terms. For more information on Surge Holdings and its subsidiaries, please visit: https://surgeholdings.com.

Investment Highlights:
At current levels, there may be no better risk/reward offering than Surge Holdings, Inc. The stock has multiple factors in its favor where each one on its own would serve as a major catalyst. Combined, major stock gains are projected by analysts.
Reported Rapid Growth in Surge Logics; Surge Logics Sales Increase Nearly 10-Fold in January 2020 Versus Same Period Last Year
Annual Revenue Increased 68.9% to $25.7 Million for 2019 Versus $15.2 Million for 2018
The Company recently acquired ECS adding 9,800 retail stores and approximately $48 million in top line revenue. Given the cross sell opportunites, we believe that this segment’s top line revenue could grow by 40%-50% in its first full year, potentially taking it to the $70-$75m level in 2020.
Surge announces completion of the onboarding of SurgePhone Wireless to ECS network. As a result of the integration Surge expects to add an additional $50 million of revenue on an annualized basis.
Surge’s “Multiplier Model” Translates into Exponential Growth. In our view, the best way to describe the core of Surge’s approach is what we term the “Multiplier Model.” The essence of Surge’s capabilities is its inherent, exponential growth model. Top-line growth rises exponentially as new locations are on-boarded, and when new products/services are executed in existing or new stores through the Surge platform. Thus, revenue growth forecasts remain high.
The First National In-Store CBD Sales Channel? The sale of CBD products is one of the fastest growing and most popular consumer offerings and is limited only by the current lack of true, national, in-store availability. Through the Surge network of local retailers and C-stores, a primary sales channel for these products, Surge has just begun to offer products with strong results. The Multiplier Model targeting the introduction of the top CBD products will drive industry sales and add major revenue/profit growth to Surge.
Source: https://www.goldmanresearch.com/20191031...



Surge Holdings Provides Year-End Business Update
Annual Revenue Increases 68.9% to $25.7 Million for 2019 Versus $15.2 Million for 2018
Reports favorable outlook for continued revenue growth and cash flow in 2020



The Company provided a business update and reported financial results for the twelve months ended December 31, 2019.



Brian Cox, Chairman and CEO of Surge Holdings, commented, “While the 69% increase in sales for 2019 is clear confirmation of our accomplishments, our true progress was marked by the dramatic transformation of the business, as we laid the foundation for accelerated growth in 2020. In the fourth quarter, we generated $13.4 million in sales, which puts us at a revenue run rate of more than $50 million at year end— substantially above our full year 2019 results. For the year, revenue associated with our SurgePays™ Marketplace increased more than three-fold to $4.2 million; revenue from Surge Logics increased eighteen-fold to $7.2 million; and we added $10.7 million in new revenue via the fourth quarter acquisition of ECS. Heading into 2020, we expect each of these business lines will continue to be significant contributors to our growth. With the addition of 9,800 ECS retail locations to our network, we have a significant opportunity to cross-sell additional products to these stores. These products include our newly launched Loco Rabbit Brand “Grab-n-Go” Phones and other targeted consumer products, which we believe will help drive further growth through the SurgePays™ Marketplace. Importantly, 2019 was a year in which we invested heavily in software development, our infrastructure, and new initiatives, which temporarily impacted our profitability. More recently, we added key members to our management team, such as Tony Evers as CFO and Tod Farnan as National Sales Director for SurgePays™. We look forward to seeing all these initiatives take hold in 2020, with the expectation of driving meaningful increases in both revenues and cash flow. We will also be looking at additional strategic acquisitions to bolster our network and prepaid wireless base. I am more encouraged than ever in the outlook for our business and look forward to reporting our first quarter results in the coming weeks.”



For the twelve months ended December 31, 2019, revenue increased approximately 69% to approximately $25.7 million, compared to approximately $15.2 million for the same period last year. Net loss for the twelve months ending December 31, 2019 was approximately $8.4 million or ($0.09) per basic and diluted share, versus a loss of $1.5 million or ($.02) per basic and diluted share for the twelve months ending December 31, 2018.

Source: https://finance.yahoo.com/news/surge-hol...





Surge Holdings Reports Rapid Growth in Surge Logics; Surge Logics Sales Increase Nearly 10-Fold in January 2020 Versus Same Period Last Year
The Company achieved unaudited gross revenue of nearly $1 million in January 2020, close to a ten-fold increase versus the same period last year. This puts them at an annualized revenue run-rate in excess of $10 million within this division alone.


SurgePhone Wireless Completes Integration with ECS Prepaid Nationwide Network



Launches Realtime Network Transaction Tracker

Surge has completed the onboarding of SurgePhone Wireless to ECS’s network and expects to commence rolling out its SIM Starter Kits in the next 30 days. The Company also announced that it has launched a real time national transaction tracker for the ECS and SurgePays™ networks, which is available to view at https://surgepays.com/live/

Brian Cox, Chairman and CEO of Surge Holdings, commented, “We are pleased with how the integration of ECS is progressing, which we expect to add nearly $50 million of additional revenue on an annualized basis. ECS’s prepaid wireless business and software platform already process over 18,000 transactions per day and add about 9,800 retail locations to the SurgePays™ Network. The wholesale products portion of the SurgePays™ Marketplace should be fully integrated shortly and we are actively working on syncing up new product launches to coincide with the completion of merging the two platforms. We have successfully onboarded SurgePhone Wireless to the ECS platform and will be rolling out the SIM kits to strategic locations in the coming weeks. This offering is particularly well suited for those in rural areas where there aren’t many prepaid options. We are building another branded wireless product suited for the urban stores that comes packaged with a phone that will retail for under $60. By interconnecting the Surge Marketplace Network with the ECS platform, we are also able to leverage the combined buying power of the two platforms, including our wireless products.”

Mr. Cox added, “Finally, I am excited to report the launch of a real-time national transaction tracker, where shareholders can see in real time the millions of dollars in transactions that are taking place on our platform and will be able to observe firsthand as our network grows with more stores being added nationwide on a daily basis.”

SurgePhone Wireless’ $10 and $30 service plans can also be purchased online at http://www.surgephone.com.


video
Surge Holdings, Inc. Discusses Its 2020 Growth Strategy and Recent ECS Acquisition with CEO Brian Cox On The Stock Day Podcast
CEO of the Company, Brian Cox, joined Stock Day host Everett Jolly to Discuss His Outlook for SURGE



Jolly began the interview by noting that the Company is in over 9,800 retail stores with the recent ECS acquisition, and has grown revenues from $15.2 million to $50 million over the last two years. Jolly also inquired about the significant market for this industry, noting that there are currently over 100 million prepaid cell phone customers in the United States. "What's interesting about the market of the pay-as-you-go cell phone industry is that there is a direct correlation to the underbanked in our country," explained Cox. "If you don't service the underbanked or provide products to the underbanked, you don't realize that it represents 35% of the population living in the United States," said Cox.



Jolly commented on the Company's game changing services, adding that they represent the potential of a "paradigm shift". He then asked about the Company's target market, as well as their core products and services. "The target market is actually the underbanked consumer," said Cox. "We're building relationships with corner stores, that's my metric, and that corner store becomes a sales person for Surge," he explained. "Our goal is to reach that underbanked consumer via that corner store."


Surge Holdings Inc. Recognized By The Deloitte Technology Fast 500 As One Of The Fastest-Growing Technology Companies In North America In 2019

For 25 years, Deloitte has been honoring the companies that define the cutting edge; transform the way we do business; combine technological innovation, entrepreneurship, and rapid growth; and disrupt the technology industry. Winners are selected based on percentage fiscal-year revenue growth over a three-year period. The ranking is compiled from applications submitted directly to the Technology Fast 500 website and public company database research conducted by Deloitte LLP.


Why Your 2020 Resolution Should Be to Buy More Fintech Stocks

Financial technology -- from digital payment processing to internet-based banking and services search companies -- are nothing new, but the industry gained serious momentum in the last decade. Added convenience, new features, and shifting consumer preferences led to the fast rise of e-commerce and digital money management along with it. Many stocks in the industry turned in triple-digit-percentage returns as a result.



Fintech could be just getting started, though, especially in developing markets around the globe where cash is still by far the preferred method of doing business and traditional banking services are scarce. With a new year and new decade now here, adding fintech stocks to the portfolio is a resolution worth considering.

Bringing much needed services to the masses

Even after big returns the last few years, fintech is still a fast-growing industry. According to various researchers, spending on fintech is expected to grow in the low 20% range each year through the next few years, topping $300 billion by 2023. Emerging economies in Asia and Latin America are expanding the fastest.

With An Anticipated +5,000% Growth In Revenue, We Believe That SURG Has More Upside Than Any Other Company Operating In This Sector.


SurgePhone Wireless Announces Launch of $30 Unlimited Plan

Significant development in SurgePays Software Platform enables SurgePhone to offer one of the lowest cost unlimited plans in the USA

Now available online at SurgePhone.com and participating retail stores

Last month SURG launched their SurgePhone Wireless Unlimited Plan with unlimited talk, text and nationwide LTE data for only $30 a month, taxes and fees included.

Anthony Nuzzo, President of Surge, stated, “The SurgePhone Wireless Unlimited Plan provides an unmatched value proposition for the market of 100 million no-contract “pay as you go” customers in the United States. We believe this disruptive product will attract more convenience stores to the SurgePays™ Marketplace due to retailers looking to cash in by selling the retail SIM kits and additionally making monthly commissions from processing the $30 payments. This product, along with our complementary $10 Basic plan rounds out our branded wireless offerings. Incentivizing discounts for our customers using SurgePhone, the SurgePays™ Prepaid Debit card and our recently launched rewards programs will help build brand loyalty within our Surge ecosystem.”

SurgePhone Wireless is also offering a $10 a month starter plan with unlimited text, 16 hours of talk and 1 Gig LTE data. These two plans are supported by one of the nation’s leading wireless LTE networks, offering exceptional wireless coverage and data speed. Customers can activate the SurgePhone Unlimited Plan in any unlocked GSM wireless device while saving an average of 50% off typical unlimited phone plans. Both plans are now available on http://www.surgephone.com.

Jonathon Coffman, VP of Wireless Sales for Surge, commented, “We built and priced the SurgePhone Unlimited Plan based off the feedback from what customers need and ask for…a low cost, flat rate and value driven unlimited plan. SurgePhone is an ideal wireless solution for everyone from the unbanked, to people with credit challenges, as well as teens, fixed income seniors, or price sensitive millennials simply looking to stretch their money further. Same towers, same LTE nationwide network, so why would anyone pay more?”


How SURG is Targeting Exponential Growth by Serving the Underserved

18% of the population are labeled as credit invisible.
35% of the US is considered “underbanked”, which describes people or organizations who lack sufficient access to mainstream financial services and products typically offered by retail banks, and generally don’t have access to credit cards or loans.

SURG reaches this market through a network of convenience store community “hubs”. For mobile phone service, electronic check service, and a range of products, and services provided through a network of convenience store community “hubs”, SURG is an innovator at targeting this underbanked market. SURG provides these community “hubs” a digital supply chain solution, developed similar to Alibaba’s approach eliminating middlemen creating efficiencies and cost savings.

The retail stores become a profit partners to SURG as well as providing access to this large consumer addressable market. Now that the pipeline is created, SURG scales exponentially as they add new stores and products to their network.

The company’s CEO , Brian Cox, is a veteran in the fintech and supply chain markets, with a particular track record of success at targeting this underbanked space.

Here’s the big point for SURG: as it expands the number of participating c-stores – the local commerce hubs in underserved communities – the company’s top-line growth will skyrocket through organic expansion of its footprint/network.

That growth will accelerate as it then begins to include more and more products and services into each hub, gradually building out the marketplace for the underbanked consumers in the communities centering on these hubs.

In other words, the horizontal growth will provide a platform for vertical growth, compounding returns.

The upside potential for this model is breathtaking, and the leadership team that has been put in place has already proven that it has the chops to pull it off.

That suggests this stock is sitting at a huge undervaluation right now in the market.

Bullish Technical Indicators:

Perfect Bounce Once Again Off The Fibonacci .786 Level.
Historically A Strong Reversal Trade Opportunity.
200 Day Moving Average Rising and Providing Support

The Bullish Case is attacking the part of the digital commerce map that no one else has managed to conquer: the underbanked in the developed economies, which represents a massive market world hundreds of billions.
is already making real money, with trailing revs coming in at $16M.
is starting to see major topline growth, with quarterly y/y revs increasing at 21%.
acquisition of ECS added $48 million in annualized revenue and 9,800 retail stores
shares recently received a target at the $3.25 level from Goldman Small Cap Research, representing +1,020% potential upside for shares according to this analysis.
Annual Revenue Increased 68.9% to $25.7 Million for 2019 Versus $15.2 Million for 2018

The Bottom Line:
SURG is predicating its value proposition for investors by moving on what amounts to the Final Frontier of the digital commerce model for the developed world. Surge is committed to presenting a digital solution for selling goods and services to people who don’t have the financial standing to make simple bank/credit based online purchases.

SURG is using blockchain technology and its strong partnership network of relationships to plot a new path for supply chain and fintech to provide a new means of commerce for the 100 million US residents unable to participate in 21st century digital consumer activity because of a lack of access to core banking and credit services.
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