SURG

Nationwide Launch: SurgePays has completed its nationwide launch on the AT&T network as a mobile virtual network operator, shipping over 250,000 SIM cards to customers and partners.

Growth Prospects: The company has an additional 500,000 SIM cards on order and is guiding for $200 million in revenue over the next 12 months, leading to a 2.6% increase in stock premarket.

SurgePays Launches on AT&T Network: SurgePays, Inc. has successfully completed its nationwide launch as a mobile virtual network operator (MVNO) on the AT&T network, enabling it to offer direct-to-consumer wireless services and infrastructure for other providers. The company has shipped over 250,000 SIM cards and has strong demand for its LinkUp Mobile brand.

Rapid Integration and Growth Strategy: The integration process was completed in under six months, allowing SurgePays to provide nationwide 4G LTE and 5G services while expanding through direct prepaid offerings, government-subsidized Lifeline services, and MVNE infrastructure for wholesale partners.

Leadership Announcement: SurgePays, Inc. has promoted Derron Winfrey to President of Sales and Operations, where he will focus on expanding the company's core services and enhancing customer experience through data intelligence.

Background and Vision: Winfrey, a fintech and wireless industry veteran with over 25 years of experience, aims to build high-performing teams and drive growth initiatives, leveraging his extensive background from previous roles in the prepaid and check processing sectors.

Overbought Stocks in Communication Services: As of April 22, 2025, Telefonica SA and SurgePays Inc are identified as overbought stocks in the communication services sector, with RSI values of 70.1 and 74.1 respectively, indicating potential selling pressure for investors focused on momentum.

Recent Performance Highlights: Telefonica's stock rose 11% following better-than-expected FY 2024 sales, while SurgePays saw a significant 103% increase in its stock price after reporting strong FY24 sales results and completing AT&T integration, positioning it for aggressive revenue growth.

Company Announcement: SurgePays, Inc. will have CEO Brian Cox participate in the Water Tower Research Fireside Chat on April 8, 2025, discussing the company's growth, leadership, and strategies in the mobile virtual network sector.

Business Overview: SurgePays operates a technology platform that integrates prepaid wireless services and point-of-sale systems aimed at underserved communities, with expectations of exceeding $200 million in revenue over the next year and achieving positive cash flow by the end of 2025.

SurgePays Stock Surge: SurgePays stock soared by 113.8% after the company announced a positive revenue forecast of over $200M for the next year, primarily driven by its wireless segment, despite reporting a significant net loss for 2024.

CEO's Optimistic Outlook: CEO Brian Cox emphasized the company's readiness for aggressive growth following successful infrastructure developments and partnerships, aiming for positive cash flow by the end of 2025 while focusing on execution and shareholder value.

Market Reaction to Tariff Signals: U.S. stock futures are trading lower as investors respond to mixed tariff signals from President Trump, with the market showing sensitivity to fluctuating trade policies and a potential Federal Reserve interest rate hold.

Sector Performance and Economic Indicators: Recent market activity saw gains in consumer discretionary and financial sectors, while home prices reached record highs; however, consumer confidence declined for the fourth consecutive month, indicating mixed economic signals.

GameStop Earnings Report: GameStop Corp. shares rose 13.4% in pre-market trading after reporting fourth-quarter adjusted earnings of 30 cents per share, exceeding analyst expectations, despite revenue falling short of estimates at $1.283 billion.

Pre-Market Stock Movements: Several stocks saw significant gains in pre-market trading, including Theratechnologies Inc. (+88.3%) and SurgePays, Inc. (+69.5%), while others like Golden Heaven Group Holdings Ltd. (-24.4%) and Humacyte, Inc. (-22.1%) experienced notable declines.

U.S. Stock Market Performance: U.S. stock futures are slightly up, with the S&P500 gaining 0.1% and Nasdaq 100 up 0.2%. Consumer Discretionary and Communications Services sectors performed well, while Healthcare and Utilities lagged behind; investors remain optimistic despite disappointing Consumer Confidence data.

Commodities and Earnings Highlights: WTI Crude Oil prices stay above $69 per barrel amid a significant draw in API Petroleum inventories, indicating rising demand. SurgePays saw a notable increase of 95.7% after earnings, alongside other companies like GameStop and Paysign also experiencing gains.

Company Growth and Financial Projections: SurgePays, Inc. has completed its integration with AT&T and is set for significant growth, projecting over $200 million in revenue within the next year and positive cash flow from operations by the end of 2025.

Operational Highlights: The company has launched its LinkUp Mobile service nationally, expanded its MVNE wholesale business, and experienced substantial growth in its point-of-sale platform, positioning itself for aggressive revenue growth despite challenges faced in 2024.

Earnings Report: Surgepays reported a FY GAAP EPS of -$2.39, missing expectations by $0.79, while revenue was $60.81M, a 55.7% decrease year-over-year, but exceeded estimates by $1.3M.

Financial Insights: The report includes historical earnings data and financial information for Surgepays, along with Seeking Alpha’s Quant Rating on the company.

Earnings Announcement: Surgepays (NASDAQ: SURG) will announce its FY earnings results on March 25th, with an expected EPS of -$1.60 and revenue of $59.51M, reflecting a 56.6% year-over-year decline.

Performance History: Over the past two years, Surgepays has beaten EPS estimates 38% of the time and revenue estimates 50% of the time.

Earnings Release: $SURG is set to announce its quarterly earnings on March 25th, with analysts predicting revenue of $8.39 million and a loss of $0.25 per share.

Insider Trading Activity: In the past six months, $SURG insiders have made 14 trades (8 purchases and 6 sales), while 19 institutional investors have adjusted their positions in the stock.

Financial Results Announcement: SurgePays, Inc. will release its fourth quarter and full year 2024 financial results on March 25, 2025, followed by a conference call at 5:00 pm ET to discuss the results.

Company Overview: SurgePays, Inc. specializes in providing prepaid wireless and point-of-sale platform services in underserved communities through local convenience stores and bodegas.

Promotion Announcement: SurgePays, Inc. has promoted Allison Seyler to vice president of sales, making her the first female executive in this role, reflecting the company's commitment to leadership excellence and innovation.

Impact on Growth: Seyler, who previously served as director of sales, significantly increased the company's retail partner network and cellular top-up revenues by over 400%, and will now focus on scaling LinkUp Mobile and expanding SurgePays' digital services portfolio.

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Integration of ClearLine and Clover: SurgePays, Inc. has integrated its ClearLine marketing platform with Clover's POS system, providing small- and medium-sized businesses (SMBs) with advanced marketing tools to enhance customer engagement and loyalty.

Benefits for Independent Sales Organizations (ISOs): This partnership allows ISOs to offer added value through marketing capabilities, improving merchant acquisition and retention while creating new revenue opportunities by bundling ClearLine's services with Clover's payment solutions.

Integration of ClearLine and Clover: SurgePays, Inc. has integrated its ClearLine marketing platform with Clover's POS system, providing small- and medium-sized businesses (SMBs) with advanced marketing tools to enhance customer engagement and loyalty.

Benefits for Independent Sales Organizations (ISOs): This partnership allows ISOs to offer added value through marketing capabilities, improving merchant acquisition and retention while creating new revenue opportunities by bundling ClearLine's services with Clover's payment solutions.

New Integration Announcement: SurgePays, Inc. has partnered with LANDI Global to integrate advanced technology into its services, enhancing merchant capabilities through the ClearLine Application and LANDI M20 handheld devices for improved customer engagement and operational efficiency.

Empowering Merchants Nationwide: This collaboration aims to empower merchants by providing them with tools for managing services like bill payments and top-ups, ultimately improving customer satisfaction and unlocking new revenue opportunities while expanding SurgePays' network across underserved communities.

Collaboration Overview: SurgePays has integrated its ClearLine marketing platform with PAX Technology's smart payment terminals, allowing merchants to enhance customer engagement at the point of sale without needing new hardware investments.

Benefits for Merchants: This integration enables real-time marketing opportunities, personalized interactions during transactions, and comprehensive analytics, ultimately driving customer loyalty and increasing revenue for businesses of all sizes.