SurgePays Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St.11-15

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...

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Earnings per share  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.The company's share price is broadly unchanged from a week ago.Before you take the next step you should know about the 5 warning signs for SurgePays that we have uncovered.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SURGW":"SurgePays, Inc. Warrant","SURG":"Surgepays Inc"},"translate_title":"SurgePays 2024年第三季度收益：未达预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SURG":0.9,"SURGW":0.9},"content_text":"SurgePays (NASDAQ:SURG) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$4.77m (down 86% from 3Q 2023).\nNet loss: US$14.3m (down by 302% from US$7.08m profit in 3Q 2023).\nUS$0.72 loss per share (down from US$0.50 profit in 3Q 2023).\n\n\n\n\n  NasdaqCM:SURG Earnings and Revenue Growth November 15th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nSurgePays Revenues and Earnings Miss Expectations\n Revenue missed analyst estimates by 45%. Earnings per share (EPS) also missed analyst estimates by 174%. \n 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. \nPerformance of the American Wireless Telecom industry.\n The company's share price is broadly unchanged from a week ago. \nRisk Analysis\n Before you take the next step you should know about the 5 warning signs for SurgePays that we have uncovered. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483537835"}