BALTIMORE, MD / ACCESSWIRE / October 31, 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 update carries a rating and a price target. To view the new research update, 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 the Opportunity Research company update, analyst Rob Goldman discusses the impact of the Company’s latest blockbuster acquisition and Surge’s innovative model.
Goldman noted, “The Company has three things in its favor and each one on its own would serve as a major catalyst. A recently announced acquisition is set to serve as a key growth driver. This transaction will add roughly $50M in annual revenue to SURG. Given the cross-sale opportunities, we believe that this segment’s top-line could grow by 40-50% in its first full year.”
“The essence of Surge’s capabilities is its inherent, exponential growth model. In our view, the best way to describe the core of Surge’s approach is what we term the Multiplier Model. Top-line growth rises exponentially as new locations are on-boarded, and when new products/services are executed in existing or new stores through the Surge platform. Thus, revenue growth forecasts remain high.”
“One interesting and overlooked aspect is that Surge could become the first national in-store CBD sales channel. The sale of CBD products is one of the fastest growing and most popular consumer offerings and is limited only by the current lack of true, national, in-store availability. Through the Surge network of local retailers and C-stores, Surge has just begun to offer these products with strong results. The Multiplier Model targeting the introduction of the top CBD products could drive industry sales and add major revenue/profit growth to Surge. Thus, Surge could be viewed as a unique way to play the CBD segment,” concluded Goldman.
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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 Commissionhttp://www.sec.gov.
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About Surge Holdings, Inc.: Surge Holdings, Inc. (SURG)is a retail supply chain company leveraging blockchain technology to provide a virtual distribution hub for retailers, as well as offer telecom services for low income customers and financial payment services for the unbanked and under-banked. 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. This platform also provides manufacturers a cost-effective and efficient platform to access local retailers.
For more information, please visit: www.SurgeHoldings.com
Goldman Small Cap Research
Rob Goldman, Analyst
SOURCE: Goldman Small Cap Research
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