Financial Data and Key Metrics Changes - SurgePays reported revenues of $21.1 million for Q1 2022, a 92% increase from $9.9 million in Q1 2021, primarily driven by subscriber growth in the mobile broadband business [29] - Gross profit increased by 133% to $2.6 million compared to $1.1 million in the previous year [29] - The net loss narrowed to $1.2 million, or a loss of $0.10 per share, compared to a net loss of $4.8 million, or a loss of $1.85 per share in Q1 2021 [31] - EBITDA loss improved to $873,000 in Q1 2022 from a loss of $4 million in Q1 2021, with expectations of becoming EBITDA positive in Q2 2022 [32][33] Business Line Data and Key Metrics Changes - The mobile broadband subscriber business showed significant growth, with over 100,000 subscribers enrolled in the Affordable Connectivity Program (ACP) [14] - Each subscriber generates $30 of monthly recurring revenue, with a gross margin of approximately 40% per subscriber [14] Market Data and Key Metrics Changes - The Affordable Connectivity Program is now a permanent part of the government budget, aimed at bridging the digital divide for low-income households [11][12] - The FCC plans to spend $100 million on ACP outreach programs over the next five years to reach underserved individuals and families [13] Company Strategy and Development Direction - The company aims to reach $1 billion in annual sales with profitable growth, focusing on underserved communities [28] - SurgePays is expanding its sales force and has ramped up ordering of phones and tablets to support growth [17] - The acquisition of Torch Wireless allows SurgePays to offer services in all 50 states, enhancing its market reach [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory, emphasizing the importance of grassroots approaches to reach underserved markets [22] - The company is focused on maximizing growth opportunities despite short-term cash flow challenges, with expectations of positive EBITDA in the near future [20][21] Other Important Information - The company has a cash balance of $3.4 million as of March 31, down from $6.3 million at the end of 2021, with accounts receivable increasing by almost 74% due to subscriber growth [34][35] - SurgePays has minimal debt, allowing for a focus on investing in business growth and maintaining liquidity [35] Q&A Session Summary Question: Do larger companies pose a competitive threat? - Management indicated that larger companies are not focused on the underserved market due to economic challenges and lack of a prepaid model [43][46] Question: Is borrowing for short-term cash flow a consideration? - Management confirmed that leveraging receivables from the FCC for lines of credit is being considered to manage cash flow challenges [48][49] Question: Are there issues with customer churn? - Management acknowledged some churn but noted that the ACP limits customers to one tablet per year, which helps retain subscribers [54][55] Question: Any supply chain issues or inflation impacts? - Management reported no significant supply chain issues and maintained good relationships with suppliers, ensuring device availability [58][60] Question: Update on LogicsIQ and spin-off plans? - Management confirmed that LogicsIQ is on track to meet revenue projections and that the spin-off is progressing positively with SEC feedback [77][82]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 001-40992 SURGEPAYS, INC. (Exact name of registrant as specified in its charter) | Nevada | 98-055 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-40992 SURGEPAYS, INC. (Exact Name of Registrant as Specified in Its Charter) | Nevada | 98-0550352 | | --- | --- | | (State or Other Jurisdiction of | (I.R.S. Employer ...

S SurgePays® Providing essential financial services and prepaid products to the underbanked at a grassroots level NASDAQ: SURG Investor Presentation February 2022 Safe Harbor The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company and does not purport to be all-inclusive or to contain all of the information a prospective or existing investor may desire. In all cases, interested parties should conduct their own investigation and analysi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 001-40992 SURGEPAYS, INC. (Exact name of registrant as specified in its charter) | Nevada | 98 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 000-52522 SURGEPAYS, INC. (Exact name of registrant as specified in its charter) Securities registe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number 000-52522 SURGEPAYS, INC. (Exact name of registrant as specified in its charter) | Nevada | 98 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 000-52522 SURGEPAYS, INC. (Exact Name of Registrant as Specified in Its Charter) | Nevada | 98-0550352 | | --- | --- | | (State or Other Jurisdiction of | (I.R.S. Employer | | Incorporation or Organization) | Id ...