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Surge Holdings media subsidiary hits record $1.35M February sales

Sales rocketed more than five times higher year-over-year

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In addition to operating Surge Logics, Surge Holdings company provides financial and telecom services through its subsidiaries

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.”

READ: Surge Holdings subsidiary, Surge Logics sees January sales increase nearly tenfold

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.

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

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Price: 0.2889 USD

OTCQB:SURG
Market: OTCQB
Market Cap: $29.86 m
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