BALTIMORE, MD / ACCESSWIRE / July 11, 2019 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has released a new research report on Surge Holdings, Inc. (SURG). Surge Holdings serves the overlooked, unbanked, underbanked and credit-challenged, through key verticals and offerings including telecom service and financial payment services via its SurgePays™ SaaS portal. This report carries a rating and a price target. To view the new research report, along with disclosures and disclaimers, or to download all of our Surge Holdings reports and updates in their entirety, please visit http://www.goldmanresearch.com.
In addition to the aforementioned, consumer market, Surge is targeting the multi-billion-dollar industry represented by 300,000+ corner store/bodega, convenience store, wireless dealer markets as well as key manufacturers with products geared for this demographic. As a retail supply chain company leveraging blockchain technology to provide a virtual distribution hub for retailers, Surge products are delivered through a nationwide network of convenience stores and corner markets connected to the SurgePays™ retail blockchain network. This retail platform is designed to transform the traditional supply chain by providing local retailers seamless access to global products, and empowers the corner store to select, order and fulfill delivery of wholesale goods from around the country.
In the Opportunity Research company report, analyst Rob Goldman discusses the current and future drivers of the Company’s revenue and market share.
Goldman noted, Emerging fintech and retail supply chain solutions provider Surge Holdings is poised to generate outsized revenue and market share in large, underserved markets. The Company’s approach improves and enhances operations and profits for retailers, provides previously inaccessible broad-scale distribution for manufacturers, and improves the quality of life directly and indirectly for its low income, underbanked consumers.
“Moreover, SurgePays™ Retail Blockchain Network is a first-in-kind fintech network connecting independent retailers, manufacturers and consumers,” said Goldman. “As the first company to truly tie these three specific components of the food chain together, we view Surge as a unique combination of financial transactions clearinghouse and service/product marketplace. Surge is on its way to installing its flagship blockchain offering in 40,000 stores affiliated with the highly regarded trade association, AATAC. We believe at least $1500/mo. in revenue per store can be generated, once fully deployed. As a technology company Surge is well-positioned to scale easily and rapidly.”
“Our forecasts call for revenue to leap from $25M in 2019 to $104M in 2020 and $204M in 2021, with over 21% margins. Fees are generated via sales of products in the retail and manufacturer chain, and the soon-to-be-launched Visa PrePaid Card. Our price target is based on our future price/revenue and EPS forecasts. It should be noted that these metrics are below that of a key publicly traded retail supply chain comparable as well as other, traditional SaaS companies,” remarked Goldman.
About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.
Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
This press release contains excerpts of our most recently published sponsored company research report on Surge Holdings, Inc. which carries a rating and a price target. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from Surge Holdings, Inc. (“the Company”) authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission http://www.sec.gov.
Separate from the factual content of our report about the Company, we may from time to time include our own opinions about the Company, its business, markets and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.
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Goldman Small Cap Research
Rob Goldman, Analyst
SOURCE: Goldman Small Cap Research
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