SurgePays, Inc. - SURG STOCK NEWS

SurgePays (NASDAQ: SURG) announces the launch of its subsidiary ClearLine's innovative point-of-sale (POS) marketing solution at the RSPA RetailNOW Conference in Las Vegas. The ClearLine digital marketing platform and touchscreen display offer a turnkey solution for merchants to boost retail sales through increased customer engagement. Key features include:

- Integration with Clover and PAX POS terminals
- Unified dashboard for managing in-store and POS marketing channels
- Capture of customer information through incentivized interactions
- Enhanced target marketing campaigns
- Digitized loyalty program enrollment

SurgePays aims to partner with independent sales organizations (ISOs) and POS providers to enhance their value proposition and unlock new revenue streams. The company plans future integrations with Ingenico, Verifone, and Dejavoo devices.

SurgePays has appointed Joseph Gomez as Vice President of MVNO Operations, a new role aimed at enhancing their mobile virtual network operator strategy. Gomez brings over 18 years of experience from AT&T, where he led strategic initiatives and developed partnerships. His immediate focus at SurgePays will be on developing innovative wireless products and services for the value market segment and growing market share. Gomez aims to bridge the digital divide by connecting with underserved communities through the recently launched LinkUp Mobile.

Gomez, recognized for his ability to build strong industry relationships and drive revenue growth, will be based in Los Angeles.

SurgePays (NASDAQ: SURG), a technology and telecom company, has launched LinkUp Mobile, a new prepaid wireless brand. The service offers a free first month and up to 10% monthly savings, targeting the underbanked and value-conscious consumers in North America. LinkUp Mobile provides unlimited talk and text plans for the USA, Canada, and Mexico without roaming charges. The easy activation process allows users to switch networks while keeping their existing smartphones. CEO Brian Cox emphasized that this move aims to enhance the prepaid market experience and build customer loyalty.

SurgePays (Nasdaq: SURG) reported its Q1 2024 financial results, noting revenues of $31.4 million. This reflects a dip from last year as the company shifted focus from its Lead Generation subsidiary, which contributed $3.2 million in Q1 2023. Despite this, their MVNO wireless revenue saw a slight increase to $28.9 million from $28.7 million the previous year.

The company recorded a net income of $1.2 million, inclusive of $2 million in non-cash stock charges. SurgePays holds a substantial cash balance of over $42 million. The company is also strategizing to mitigate risks related to potential lapses in Affordable Connectivity Program (ACP) funding, aiming to grow its non-ACP businesses through its nationwide network.

CEO Brian Cox highlighted the company's preparedness to adapt regardless of ACP funding outcomes, citing strong congressional support for the program. SurgePays will discuss these results in a webcast at 5 p.m. ET on May 13, 2024.

SurgePays, Inc. (Nasdaq: SURG) will host a live conference call and webcast on May 13, 2024, to discuss its first quarter 2024 earnings. The call will be accessible via webcast link and telephone. A replay will be available until May 27, 2024.

SurgePays, Inc. (Nasdaq: SURG) will be participating in the Water Tower Research Fireside Chat Series on April 23, 2024, at 11:00am ET. Chairman and CEO Brian Cox will discuss LinkUp Mobile's service offering, competitive advantages, distribution strategy, and projected service unit economics.

SurgePays, Inc. (SURG) reported record financial results for 2023, with revenue reaching $137.1 million, EBITDA of $22.3 million, and net income of $20.6 million. The company's gross profit margin rose to 26%, showing significant growth. SurgePays acquired Clearline Mobile to enhance its services and plans to launch Linkup Mobile in 2024. Despite potential funding issues with the ACP program, SurgePays aims to expand its customer base and revenue streams through strategic initiatives.

SurgePays, Inc. (SURG) to host a conference call to discuss fourth quarter and full year 2023 earnings on March 12, 2024. Investors and analysts can access the live webcast or call in for details.

SurgePays, Inc. (Nasdaq: SURG) emphasizes its commitment to serving underbanked and underserved communities. Congressman David Kustoff visits SurgePays' headquarters to learn more about the company's essential business.