Surgepays Inc Stock Price, News & Analysis

SurgePays (SURG) has completed its nationwide launch on the AT&T network as a mobile virtual network operator (MVNO), marking a significant expansion of its wireless services capabilities. The company has already shipped over 250,000 SIM cards to customers and retail partners, with an additional 500,000 SIMs on order to meet growing demand.

The integration process, completed on April 1, 2025, took less than six months from contract execution to full network migration. SurgePays now operates through three main revenue channels:

• Direct-to-consumer prepaid services via LinkUp Mobile
• Government-subsidized Lifeline mobile offerings
• MVNE infrastructure for wholesale partners

Following a multi-year MVNO agreement signed with AT&T in November 2024, SurgePays can now provide nationwide 4G LTE and 5G services under its LinkUp Mobile brand while also offering telecom infrastructure to other mobile providers through its MVNE platform.

SurgePays (Nasdaq: SURG) has promoted Derron Winfrey to President, Sales and Operations. Winfrey, who joined SurgePays through its 2019 acquisition of ECS Prepaid, will oversee the company's expanding sales organization focusing on LinkUp Mobile prepaid wireless service, prepaid top-ups, financial services, federal Lifeline programs, and the Clearline marketing platform.

In his new role, Winfrey will lead the operational buildout of the company's new sales center in El Salvador and drive customer experience improvements. With over 25 years of fintech and wireless industry experience, he previously founded ECS Prepaid and served as president of Softgate Systems, which achieved 110% volume growth under his leadership.

SurgePays (Nasdaq: SURG), a wireless and point of sale technology company, has announced its participation in an upcoming Water Tower Research Fireside Chat scheduled for Tuesday, April 8, 2025, at 11:00 a.m. Eastern Time.

The event will feature CEO Brian Cox in discussion with Water Tower Research Managing Director Kunal Madhukar. Key topics to be covered include:

• SurgePays' return to growth and forward expectations
• Building the company's world class leadership team
• The mobile virtual network enabler (MVNE) and wholesale strategy

The Fireside Chat will be accessible to all investors through open registration via Water Tower Research.

SurgePays (Nasdaq: SURG) announced its 2024 financial results and provided guidance for the next 12 months. The company projects revenue exceeding $200 million and expects to achieve positive cash flow from operations by the end of 2025, following its successful AT&T integration.

Key operational highlights include:

• National rollout of LinkUp Mobile with expected monthly SIM card shipments of 250,000-300,000
• Completed AT&T integration for 4G LTE and 5G wireless services
• Launch of MVNE wholesale business offering wireless infrastructure services
• POS platform growth with over 400% increase in prepaid wireless top-up revenue from Q1 to Q2 2024

While 2024 revenue and gross profit were impacted by the end of federal ACP funding, the company retained a portion of its wireless subscriber base and is transitioning eligible customers to the Lifeline program. First quarter 2025 revenue is expected to remain consistent with Q4 2024.

SurgePays (NASDAQ: SURG), a technology and telecommunications company, has scheduled its fourth quarter and full year 2024 financial results release for March 25, 2025, after market close. The company will host a conference call at 5:00 pm ET on the same day to discuss the results.

Investors can access the live webcast through the company's IR website at ir.surgepays.com. Telephone access is available at 888-506-0062 (US) or 973-528-0011 (international) with participant code 937037. A replay will be accessible until April 8, 2025, via 877-481-4010 (US) or 919-882-2331 (international) using passcode 52151.

SurgePays (Nasdaq: SURG) has promoted Allison Seyler to vice president of sales, marking her as the company's first female executive in this role. Since joining as director of sales in March 2024, Seyler has significantly impacted the company by expanding the retail partner network and driving a 400% increase in cellular top-up revenues.

Seyler, who brings over 15 years of experience in fintech and telecommunications sales, will lead the company's sales strategy with a focus on scaling LinkUp Mobile, the company's prepaid MVNO service, and expanding digital services. In her new role, she will lead the sales team to increase SurgePays' nationwide distribution footprint, implementing data-driven insights and competitive pricing strategies.

SurgePays (Nasdaq: SURG) has appointed Mark Garner as Executive Vice President. Garner, who joined the company in October 2019 as vice president of technology, brings nearly 30 years of industry expertise. In his expanded role, he will oversee the integration of SurgePays' platforms—SurgePays, Shockwave and ClearLine—with wireless and financial technology partners globally.

Garner will spearhead the direct integration with AT&T and lead the launch of LinkUp Mobile, the company's new prepaid wireless brand. Prior to SurgePays, he served as vice president of operations at ECS Prepaid, which was acquired by SurgePays in 2019. His responsibilities will include collaborating with internal teams across sales, marketing, accounting, programming and contractors to align with company objectives.

GPO Plus (OTCQB:GPOX) has announced a strategic partnership with SurgePays (NASDAQ:SURG) to develop new sales channels. SurgePays will establish a dedicated outbound sales team from its 100+ person operations center in El Salvador to sell GPOX products. The initiative targets independent retailers, including convenience stores, bodegas, liquor stores, and smoke shops.

The partnership combines SurgePays' expertise in outbound sales and financial technology with GPOX's product sourcing and distribution capabilities. Key benefits include expanded sales outreach, access to SurgePays' existing retail network, and improved operational efficiency. SurgePays brings its sales infrastructure, bilingual team, patent-pending POS marketing software, and nationwide retail network of thousands of stores.

The collaboration aims to help GPOX penetrate deeper into existing markets and capture new retail partners through a scalable, cost-efficient solution. Both companies' CEOs expressed optimism about the partnership's potential to drive revenue growth and expand distribution footprint across independent retail markets.

SurgePays (NASDAQ: SURG) has integrated its ClearLine software marketing platform with Clover's point-of-sale (POS) system, enhancing marketing capabilities for small and medium-sized businesses (SMBs). The integration enables merchants to engage customers through targeted offers, manage campaigns, automate marketing actions, and implement loyalty programs using Clover's POS terminals.

The strategic partnership allows Independent Sales Organizations (ISOs) to offer enhanced value to merchants by bundling ClearLine with existing Clover payment solutions. This integration, along with recent partnerships with PAX Technology and LANDI Global, significantly expands ClearLine's potential installed base from thousands to millions of users.