Goldman Small Cap Research Issues New Research Update On Surge Holdings, Inc.
BALTIMORE, MD / ACCESSWORE / August 21, 2018 / 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 update on Surge Holdings, Inc. (SURG). Surge Holdings serves the overlooked, unbanked and underbanked through key business verticals and offerings including telecom service and payment services via its Blockchain/Fintech Software Platform. The update carries a rating and a price target. To view the new research report, along with disclosures and disclaimers, or to download them in their entirety, please visit http://www.goldmanresearch.com.
In addition to the consumer market, Surge is targeting the multi-billion-dollar industry represented by 300,000+ corner store/bodega, convenience store, wireless dealer market with prepaid wireless, bill payment and related services to underserved and underbanked customers. Surge is building a merchant network of independent stores catering to underserved consumers by providing them an all-in-one Blockchain-supported PoS and payment processing software application platform (SaaS model) whereby they offer telecom and fintech payment offerings to low income customers.
In the Opportunity Research company update, analyst Rob Goldman discusses the Company's recently released 2Q18 results, fundamentals, valuation, and technical analysis.
Goldman noted, "Surge Holdings enjoyed a strong 2Q18--the first with the combined companies. The key future metric for investors: An estimated $1.5M in monthly revenue per 1000 stores, which can be continually replicated with greater sales penetration over time."
"Impressive combined 2Q18 results included a 20% revenue jump from pro forma 2017 results for the period and 7% from 1Q18. Results were in line with our expectations and gross profit showed a marked increase from 1Q18 as well. In fact, SURG ended the period with a very healthy $1.6M in cash and positive cash flow. Trends are favorable as $1M in Lifeline revenue from the USAC is due and the cash position increased by $352K from the beginning of the quarter to the end, commented Goldman."
"Separately, we believe that the current valuation is primed to change," said Goldman. "SURG trades only 10x trailing twelve months net income and 2x revenue---despite its status as a fast-growing microcap stock."
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.
A Goldman Small Cap Research report, update, newsletter, article, trading alert, corporate profile, or press release is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed is to be used for informational purposes only. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other regulatory agency. To download this research report or any of our research, view our disclosures and disclaimers, or for more information, visit www.goldmanresearch.com. Goldman Small Cap Research was compensated $4000 by the Company for research and distribution services, including the production of this press release.
About Surge Holdings, Inc.: Surge Holdings, Inc. (SURG) is a publicly traded company that wholly owns subsidiaries that utilize emerging technology to improve the quality of life for the unbanked, under-banked, and the overlooked. Current holdings include Telecommunications, Blockchain Fintech Software as a Service (SaaS), Cryptocurrency Asset Mining and Social Media Digital Marketing.
For more information, please visit: www.SurgeHoldings.com
Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
rob@goldmanresearch.com
SOURCE: Goldman Small Cap Research
