Professional
Added to YB: 2022-10-31
Pitch date: 2022-10-31
SURG [bullish]
SurgePays, Inc.
-73.67%
current return
Author Info
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Company Info
SurgePays, Inc., together with its subsidiaries, operates as a financial technology and telecom company in the United States.
Market Cap
$47.6M
Pitch Price
$5.62
Price Target
N/A
Dividend
N/A
EV/EBITDA
-0.99
P/E
-0.97
EV/Sales
0.66
Sector
Wireless Telecommunication Services
Category
growth
SurgePays
SURG: Offers telecom & fintech to underserved. ACP program key growth driver - free internet to low-income households, reimbursed by gov't. Attractive unit econ: $135 CAC, $15/m/sub cost, $30/m/sub revenue. 220K subs as of Oct, adding 1-1.5K/day. Factoring financing fueling growth. Estimates: $40M+ EBITDA in '23, ~$80M in '24 despite assuming high churn. At 7.5x '23 EBITDA, $15 PT vs $5.50 today. Upside from cheaper financing, lower CAC, LogicsIQ spinoff. Key risks: execution, churn.
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