Core Insights - SurgePays, Inc. reported a second quarter revenue of $11.5 million, reflecting an 8.9% sequential increase from $10.6 million in Q1 2025, and is on track for record-breaking results in 2026 due to strong subscriber activations and growth across various platforms [2][8]. Financial Performance - The company expects 2025 revenue to be between $75 million and $90 million, and for 2026, revenue is projected to be between $225 million and $240 million, driven by subscriber growth and new partnerships [3][9]. - In Q2 2025, the company experienced a net loss of $7.08 million, compared to a net loss of $12.87 million in Q2 2024, with total revenues for the first half of 2025 at $22.1 million, down from $46.5 million in the same period of 2024 [17][18]. Subscriber Growth and Business Expansion - SurgePays has seen significant subscriber growth, particularly with its Torch Wireless brand, which activated 20,000 subscribers in June and 57,000 in July, with expectations of reaching 80,000 to 90,000 activations per month by September [5][11]. - The LinkUp Mobile prepaid platform has shipped over 250,000 SIMs, with activations more than doubling to over 30,000 subscribers between April and July 2025 [11]. Operational Highlights - The company completed a nationwide launch on the AT&T network and fully integrated by April 1, 2025, enhancing its service capabilities [11]. - SurgePays has expanded its prepaid POS fintech network, driving recurring revenue from over 9,000 retail locations [11]. Financial Position - As of June 30, 2025, the company reported total assets of $15.2 million, a decrease from $24.0 million at the end of 2024, with current liabilities increasing to $8.7 million from $6.1 million [16][17]. - The company secured $6 million in financing from a large shareholder to accelerate growth initiatives [11].

Core Insights - SurgePays has completed its integration with AT&T and launched its services nationwide, positioning the company for significant growth [1][2] - The company aims to generate over $200 million in revenue over the next 12 months starting April 1, 2025, with expectations of positive operating cash flow by year-end [1][6] Financial Performance - For Q1 2025, SurgePays reported revenues of $10.58 million, a decrease from $31.43 million in Q1 2024 [12][14] - The company incurred a net loss of $7.64 million in Q1 2025, compared to a net income of $1.22 million in the same period last year [14] - Cash and cash equivalents as of March 31, 2025, were $5.4 million, down from $11.79 million at the end of 2024 [12] Operational Highlights - SurgePays shipped over 250,000 SIM cards and has an additional 290,000 in inventory, with plans to ship another 250,000 by June 2025 [8] - The company has fully integrated three MVNOs and is onboarding two more, expanding its MVNE pipeline [8] - The launch of the "Phone in a Box" product exceeded expectations, selling out 2,600 smartphones in under 30 days [8] Strategic Developments - SurgePays secured $7 million in financing, including $6 million in cash, to support its growth initiatives [2][8] - The transition from a reseller model to a direct carrier partner is seen as a transformative milestone for the company [2] - The company is focused on scaling its MVNO and POS platforms, anticipating significant revenue growth and margin expansion [6][7]

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].