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SurgePays (SURG)
NASDAQ:SURG
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.35Last Year’s EPS
0.07Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 25, 2025
|% Change Since: 70.29%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted strategic advancements such as the nationwide launch of Linco Mobile, a new MVNE revenue model, and successful integration with AT&T, which are expected to drive future growth. However, these positives were overshadowed by significant financial challenges, including a major revenue decline, a significant net loss, and increased operational costs due to the shutdown of the ACP program and other factors.Company Guidance
During the SurgePays, Inc. fourth quarter 2024 earnings call, the company outlined its strategic vision and financial guidance for the upcoming year. They anticipate over $200 million in revenue for the next twelve months, starting from April 1, 2025, marking a substantial increase compared to previous periods. SurgePays plans to leverage its position as a mobile virtual network enabler (MVNE) and its partnerships, particularly with AT&T, to scale its operations and drive growth. The company expects to ship 250,000 to 300,000 SIMs monthly, supported by its expanded retail network of nearly 9,000 stores. The point of sale (POS) platform, a core component of their strategy, experienced over 300% revenue growth in 2024 from Q1 to Q4, reflecting its role in boosting activations and transactions. Despite a 56% decrease in overall 2024 revenues to $60.9 million due to the shutdown of the Affordable Connectivity Program (ACP), SurgePays remains confident in achieving positive cash flow by exiting 2025, driven by diversified revenue streams from their wireless and POS segments.Launch of Linco Mobile Nationwide
Linco Mobile, SurgePays' prepaid brand, is launching nationwide with growth expected to accelerate soon.
New Revenue Engine as a Mobile Virtual Network Enabler (MVNE)
SurgePays has unlocked a new revenue engine as an MVNE, providing wireless infrastructure to other companies, which is expected to drive significant cash flow.
Successful Integration with AT&T
A multiyear agreement with AT&T has been completed, providing SurgePays customers with nationwide 4G LTE and 5G coverage. The initial soft launch exceeded expectations with 30,000 SIMs deployed.
300% Revenue Growth in Top-Up Platform
The point of sale software platform saw over 300% revenue growth from Q1 to Q4 in 2024.
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SURG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SURG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 25, 2025 | $1.38 | $2.35 | +70.29% |
| Nov 12, 2024 | $1.70 | $1.71 | +0.59% |
| Aug 13, 2024 | $2.72 | $1.99 | -26.84% |
| May 13, 2024 | $3.77 | $4.27 | +13.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SurgePays (SURG) report earnings?
SurgePays (SURG) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is SurgePays (SURG) earnings time?
SurgePays (SURG) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SURG EPS forecast?
SURG EPS forecast for the fiscal quarter 2025 (Q1) is -0.35.
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