$SurgePays (SURG.US)$Excluded from the analysis on November ...

A USA company listed in 2021, mainly engaged in mobile communication related business, single USA market, current price is 4.06.

Since going public, after a slight revenue decline, it grew significantly for two years. The growth rate in 2023 decreased to 12.8%. Operating profit significantly increased in 2023 to 0.019 billion due to the increase in gross margin. Net income reached 0.021 billion in 2023 due to income tax refunds. The interest expense accounted for 3.2% of the operating profit in 2023, with a very light interest burden. The gross margin has increased significantly in the past 3 years from 12.1% to 26%, net margin reached 15.1% in 2023, and ROE reached 124%.

However, the revenue has been continuously shrinking for the past 2 quarters. Operating profit was almost zero in 23Q4 due to a sharp increase in operating expenses, indicating significant obstacles to revenue and profit growth.

Currently, the PE ratio is only 3, considering the current scale is still very small, it can continue to be observed.