Earnings Call Summary | SurgePays(SURG.US) Q4 2023 Earnings Conference
Earnings Call Summary | SurgePays(SURG.US) Q4 2023 Earnings Conference
The following is a summary of the SurgePays, Inc. (SURG) Q4 2023 Earnings Call Transcript:
以下是SurgePays, Inc.(SURG)2023年第四季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
SurgePays recorded a record net income of $20.6 million and EBITDA of $22.3 million in 2023.
Annual revenue was $137.1 million, which is an 11% increase from 2022. Q4 revenues alone were $32.3 million.
Gross profit saw a 165% rise to reach $35.6 million for the year, with Q4 accounting for $7.4 million. The gross margin also improved from 18.1% to 23.0% in Q4.
SG&A expenses increased by 30.7%, primarily due to compensation expenses.
Operational income swung to a profit of $18.9 million from a loss of $0.6 million in 2022.
The company reported a year-end cash balance of $14.6 million, up from $7 million in 2022, and accounts receivable increased by $306,000 to $9.5 million.
SurgePays在2023年創下了創紀錄的2,060萬美元的淨收入和2,230萬美元的息稅折舊攤銷前利潤。
年收入爲1.371億美元,比2022年增長11%。僅第四季度的收入就爲3,230萬美元。
該年度的毛利增長了165%,達到3560萬美元,其中第四季度佔740萬美元。毛利率也從第四季度的18.1%提高到23.0%。
銷售和收購費用增加了30.7%,這主要是由於薪酬支出。
運營收入從2022年的虧損60萬美元轉爲1,890萬美元的利潤。
該公司報告的年終現金餘額爲1,460萬美元,高於2022年的700萬美元,應收賬款增加了30.6萬美元,至950萬美元。
Business Progress:
業務進展:
SurgePays launched Linkup Mobile in combination with Clearline technology, providing the company a competitive edge.
The growth strategy hinges on in-house and indirect sales channels and distribution.
Installation of customer-facing touchscreen tablets at the registers of all network stores is underway for real-time marketing.
The company has made key hires to fortify its team for future growth.
A cash influx of $15 million was obtained from an equity raise in January 2024, and the company witnessed a positive response to its 2021 warrants.
The company targets to drive 2024 revenue growth through organic sales, strategic hires, and possible synergistic and accretive acquisitions.
SurgePays anticipates maintaining liquidity for future expansion and intends to invest the $15 million raised from a secondary offering and the $8.6 million from exercising warrants into this.
SurgePays推出了結合Clearline技術的Linkup Mobile,爲該公司提供了競爭優勢。
增長戰略取決於內部和間接的銷售渠道和分銷。
正在所有網絡商店的收銀機上安裝面向客戶的觸摸屏平板電腦,以進行實時營銷。
該公司已經招聘了關鍵員工,以加強其團隊以適應未來的增長。
2024年1月,通過一次股權籌集,獲得了1500萬美元的現金流入,該公司見證了對2021年認股權證的積極回應。
該公司的目標是通過有機銷售、戰略招聘以及可能的協同增值收購來推動2024年的收入增長。
SurgePays預計將爲未來的擴張保持流動性,並打算將二次發行籌集的1500萬美元和行使認股權證的860萬美元投資於此。
More details: SurgePays IR
更多詳情: SurgePays IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。