Surge Holdings Inc (OTCMKTS:SURG) announced Wednesday that its full-service digital media subsidiary, Surge Logics, posted record sales of $1.35 million in February.
The company saw sales rocket more than five times higher year-over-year, up from $252,000 in February 2019. On a month-to-month basis, the figure represents 20% sequential growth versus January.
“We achieved another month of record revenue within our Surge Logics subsidiary,” CEO Brian Cox said. “Overall, we have built a highly scalable foundation to sustain long-term growth within Surge Logics, which we believe will positively impact both our company-wide revenue and cash flow. At the same time, we continue to execute on key milestones across each of our subsidiaries and look forward to providing further updates in the near-term.”
Surge Holdings, based in Memphis, operates the SurgePays Marketplace, a product sales channel that disrupts the traditional convenience store supply chain model by providing independent and local retailers direct access to regional manufacturers from around the country
In addition to operating Surge Logics, the company provides fintech and telecom services through its subsidiaries, including offering low-cost, no-contract wireless services.
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