Core Viewpoint - SurgePays, Inc. is set to release its first quarter 2025 financial results on May 13, 2025, followed by a conference call to discuss these results [1]. Group 1: Financial Results Announcement - The financial results for the first quarter of 2025 will be released after the close of trading on May 13, 2025 [1]. - A conference call will be held on the same day at 5:00 p.m. ET to discuss the financial results [1]. Group 2: Accessing the Conference Call - The live webcast of the conference call can be accessed via the Company's investor relations website or through a registration link [2]. - Telephone access is available for participants in the U.S. and internationally, with specific numbers provided [2]. Group 3: Company Overview - SurgePays, Inc. is a wireless and fintech company focused on providing mobile connectivity and financial services to underserved communities [4]. - The company operates as both a mobile virtual network operator (MVNO) and a mobile virtual network enabler (MVNE), offering its own wireless brand and back-end infrastructure to other providers [4]. - SurgePays has a proprietary point-of-sale platform used in thousands of retail locations across the nation, facilitating SIM activations, top-ups, and digital financial services [4].

Wall Street expects a year-over-year decline in earnings on lower revenues when SurgePays, Inc. (SURG) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock ...

Vancouver, British Columbia, April 15, 2025 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2) ("Surge" or the "Company") is pleased to highlight results from an industrial energy efficiency study investigating the potential benefits of incorporating high-pressure grinding rolls ("HPGR") into the comminution circuit at its Berg Project in central British Columbia. The study, conducted by Ausenco Engineering Canada ULC with input and support provided by BC Hydro, evaluates t ...

Core Viewpoint - SurgePays (NASDAQ: SURG) has gained significant attention due to its strong growth prospects, particularly with its ACP program aimed at low-income earners, leading to a nearly 100% increase in stock price to $9 in 2024 [1] Group 1: Company Characteristics - SurgePays is recognized for its revenue, earnings, and free cash flow growth, making it an attractive investment option [1] - The company is noted for having excellent growth prospects, particularly in the mobile prepaid sector [1] - SurgePays is characterized by favorable valuations, appealing to investors looking for steadily growing companies [1] Group 2: Investment Preferences - The company aligns with investment preferences for high free cash flow margins, dividend stocks, and generous share repurchase programs [1]

SurgePays TodaySURGSurgePays$2.26 -0.09 (-3.62%) 52-Week Range$1.05▼$4.38Price Target$8.50Add to WatchlistSurgePays NASDAQ: SURG stock surged more than 70% after it issued solid guidance. That is the one reason to buy. The company expects the Q1 and possibly Q2 results to be soft, aligning with Q4 2024, but after years of efforts, revenue will start to blossom in the back half, and cash flow will turn positive. The forecast is for at least 225% annual growth and could be cautious. The company provides nume ...

Surgepays (SURG) Q4 2024 Earnings Call March 26, 2025 01:28 AM ET Company Participants Mike Mccormack - Managing Director, Investor RelationsBrian Cox - President & CEOAnthony Evers - CFOKunal Madhukar - Managing DirectorMichael Diana - Managing Director Conference Call Participants Anja Soderstrom - Senior Equity Research AnalystEdward Woo - Director of Research & Senior Analyst Operator Please note this conference is being recorded. I will now turn the conference over to your host, Mike McCormack, Investo ...

Financial Data and Key Metrics Changes - In 2024, the company reported revenues of $60.9 million, a decrease of 56% compared to $137.1 million in 2023, primarily due to the shutdown of the Affordable Connectivity Program (ACP) federal funding [19][20] - Gross loss was $14.3 million in 2024, compared to a gross profit of $35.6 million in 2023, significantly impacted by the end of ACP funding [21][24] - The net loss for 2024 was $45.7 million, translating to a loss per share of $2.39, adversely affected by the cessation of ACP [24] Business Line Data and Key Metrics Changes - The platform service revenue grew to $17.4 million in 2024 from $11.3 million in 2023, driven by a new sales director [20] - The top-up platform experienced over 300% revenue growth from Q1 to Q4 in 2024, indicating strong activation readiness [14] Market Data and Key Metrics Changes - The company has built a retail distribution network of nearly 9,000 convenience community stores nationwide, enhancing its market presence [8] - The company expects to ship 250,000 to 300,000 SIMs per month moving forward, reflecting strong demand [17][38] Company Strategy and Development Direction - The company aims to transition subscribers to either the non-subsidized MVNO business model (LinkUp Mobile) or into another subsidized program (Lifeline) [21][24] - A multiyear agreement with AT&T was announced, providing customers with access to the largest wireless network, which is expected to drive growth [16] - The company is focusing on a diversified revenue model, emphasizing the importance of not relying on a single revenue stream [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving over $200 million in revenue over the next twelve months, with expectations of exiting 2025 cash flow positive [18] - The management noted that economic conditions could lead consumers to seek value, which may benefit the company's offerings [70][72] Other Important Information - SG&A expenses increased by 57% year-over-year, primarily due to additional non-cash stock compensation for management [22] - The company is prioritizing cash allocation to finance the transition of subscribers and establish the Linco Mobile brand [26] Q&A Session Summary Question: Inquiry about SIM card orders and delivery - Management confirmed that SIM card activation was historically dependent on physical SIM cards, but now eSIM capabilities have been added to bypass physical cards [32] Question: Clarification on projected revenue of $200 million - The projected revenue of over $200 million is for the next twelve months starting from April 1, 2025 [39][43] Question: Economics and margin profile of SIM cards - The blended average margin for LinkUp Mobile is expected to be between $8 to $15 per subscriber, with various margins for different plans [50] Question: Composition of revenue target for the next twelve months - Over 50% of the projected revenue will come from the wireless segment, primarily from LinkUp Mobile and Lifeline [55] Question: Economic outlook for the working class - Management noted that economic tightness often leads consumers to seek value, which could positively impact the company's business [70][72] Question: Strategy for converting ACP customers - Approximately one-third of the 280,000 ACP customers have been converted to Lifeline, with efforts ongoing to transition the remaining customers [80][86]

Core Insights - SurgePays, Inc. reported a quarterly loss of $0.93 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.27, marking an earnings surprise of -244.44% [1] - The company generated revenues of $9.6 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 20.11%, but down from $32.32 million year-over-year [2] - SurgePays, Inc. shares have declined approximately 26.4% year-to-date, contrasting with the S&P 500's decline of -1.9% [3] Financial Performance - Over the last four quarters, SurgePays, Inc. has consistently failed to meet consensus EPS estimates [2] - The current consensus EPS estimate for the upcoming quarter is -$0.20 on revenues of $12.2 million, and for the current fiscal year, it is -$0.17 on revenues of $91.43 million [7] Market Outlook - The company's earnings outlook will be crucial for future stock performance, with management's commentary on the earnings call expected to influence investor sentiment [3][4] - The Zacks Rank for SurgePays, Inc. is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Context - The Internet - Software industry, to which SurgePays, Inc. belongs, is currently in the top 50% of Zacks-ranked industries, suggesting a favorable environment compared to the bottom 50% [8] - Another company in the same industry, Snap (SNAP), is expected to report quarterly earnings of $0.04 per share, reflecting a year-over-year increase of +33.3% [9]

Revenue Performance - Revenue decreased by $76,260,659 (55.6%) from $137,141,832 in 2023 to $60,881,173 in 2024, primarily due to a decline in the Mobile Virtual Network Operator segment, which fell by $75,127,676 (63.4%)[133] - The Comprehensive Platform Services segment saw an increase in revenue of $6,077,905, attributed to an expanded sales force and the hiring of a new Director of Sales[136] - Total cost of revenue decreased from $101,499,341 in 2023 to $75,205,372 in 2024, reflecting a reduction in expenses associated with the Mobile Virtual Network Operator segment[140] - Other income increased by $636,868 in 2024, primarily due to a one-time reduction in accounts payable to CenterCom[147] Subscriber and Program Changes - The company transitioned over 80,000 subscribers to the Lifeline program in 2024, maintaining a subscriber base of 250,000 after the cessation of ACP funding[134][135] Expenses and Losses - General and administrative expenses rose by $10,681,045 (63.7%) from $16,777,107 in 2023 to $27,458,152 in 2024, driven by increased compensation and contractor costs[143][144] - The company incurred an aggregate impairment loss of $1,183,376 related to goodwill and software development assets due to the shuttering of LogicsIQ operations[147] - The Company recognized a net loss for the year ended December 31, 2024, leading to a decrease in total stockholders' surplus from $28,403,464 in 2023 to $15,261,613 in 2024, a decline of $12,643,578[171] - Net cash used in operating activities for 2024 was $(21,310,603), compared to a net cash provided of $10,287,345 in 2023[173] Shareholder Activities - The Company issued 3,080,356 shares of common stock for gross proceeds of $17,249,994 in January 2024, resulting in net proceeds of $15,854,994 after direct offering costs[149] - The Company issued 40,238 shares of common stock in connection with the cashless exercise of warrants, resulting in a net effect of $0 on stockholders' equity[153] - The Company issued 242,615 shares of common stock for services rendered in 2023, with a fair value of $1,290,024, averaging between $4.19 and $9.40 per share[158] - The Company implemented a share repurchase program in July 2024, reacquiring 362,620 shares for $631,967 at an average price of $1.74 per share[156] - The Company ceased its share repurchase program effective October 2024[157] Asset Management - Total assets decreased from $41,925,307 in 2023 to $23,976,005 in 2024, a reduction of $17,949,302, primarily due to the suspension of the Affordable Connectivity Program[170] - Current assets decreased from $33,366,661 in 2023 to $17,870,323 in 2024, resulting in a working capital surplus of $11,810,847[167] Future Outlook - The company expects to improve gross margins in the Comprehensive Platform Service segment during 2025 and aims to return to positive results in the MVNO segment[141] - The Company is exploring strategic opportunities for acquisitions but has no current commitments or known timing for such transactions[178] Accounting and Valuation - The Company recognized stock compensation expense of $529,534 related to vesting for the year ended December 31, 2023[166] - The Company uses the fair value method for equity instruments granted to non-employees and measures the fair value of options using the Black-Scholes model[193] - Outstanding warrants are classified as equity awards and are measured at fair value using the Black-Scholes option pricing model or a binomial pricing model for derivative liabilities[194] - Warrants issued in conjunction with common stock issuance are recorded at fair value as a reduction in additional paid-in capital[195] - All other warrants for services are recorded at fair value and expensed over the requisite service period or at the date of issuance if there is no service period[195] - The Company evaluates new accounting pronouncements to determine their potential impact on Consolidated Financial Statements[196] - There are no applicable quantitative and qualitative disclosures about market risk[197] Profitability Metrics - The gross profit margin for the Mobile Virtual Network Operator segment was -34.4% in 2024, down from 29.2% in 2023, while the Comprehensive Platform Services segment improved to 3.7% from 0.5%[142]

Completed AT&T integration positions company for its most aggressive growth phase to date with projected positive cash flow from operations in 2025 BARTLETT, Tenn., March 25, 2025 /PRNewswire/ -- SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a wireless and point of sale technology company, today announced its financial results for the year ended December 31, 2024, and is issuing guidance of over $200 million in revenue over the next 12 months and positive cash flow from operations before th ...