Company Delivers Record Financial Results with EBITDA of $22.3 Million
- 2023 Revenue of $137.1 million
- 2023 Net income of $20.6 million
- 2023 $22.3 million EBITDA
- 2023 EPS of $1.39
- Gross profit margin increased to 26%
BARTLETT, Tenn., March 12, 2024 (GLOBE NEWSWIRE) — SurgePays, Inc. (Nasdaq: SURG) (“SurgePays” or the “Company”), a technology and telecom company focused on the underbanked and underserved, today announced its financial results for the fourth quarter and full year ended December 31, 2023.
Full Year 2023 and Fourth Quarter Highlights
- Revenue of $137.1 million for the full year 2023 and $32.3 million for the fourth quarter, changes of 13% and -11% over the prior year periods, respectively.
- Gross profit of $35.6 million for the full year 2023 and $7.4 million for the fourth quarter, increases of 165% and 11% over the prior year periods, respectively.
- Net income of $20.6 million for the full year 2023 and $3.0 million for the fourth quarter.