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SurgePays Reports 2024 Financial Results and Issues Revenue Guidance of Over $200 Million in Next 12 Months
SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a wireless and point of sale technology company, today announced its financial results for the year ended December 31, 2024, and is issuing guidance of over $200 million in revenue over the next 12 months and positive cash flow from operations before the end of 2025, following the successful integration and official launch with AT&T.
About this update from Surgepays, Inc.
[{"type":"text","content":"Completed AT&T integration positions company for its most aggressive growth phase to date with projected positive cash flow from operations in 2025","length":151,"tagName":"p","attribs":{}},{"type":"text","content":"BARTLETT, Tenn., March 25, 2025 /PRNewswire/ -- SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a wireless and point of sale technology company, today announced its financial results for the year ended December 31, 2024, and is issuing guidance of over $200 million in revenue over the next 12 months and positive cash flow from operations before the end of 2025, following the successful integration and official launch with AT&T.","length":470,"tagName":"p"},{"type":"image","alt":"SurgePays, Inc. (NASDAQ: SURG) (PRNewsfoto/SurgePays)","displaySize":"","headline":null,"caption":"SurgePays, Inc. (NASDAQ: SURG) (PRNewsfoto/SurgePays)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":67,"url":"https://media.zenfs.com/en/prnewswire.com/fd986650f01115b495fba9b54211125a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/0umlTjgrAuMTJV8nTgUpGA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTExODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/fd986650f01115b495fba9b54211125a","width":400,"height":67}},"href":"https://mma.prnewswire.com/media/2477709/SurgePays_logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Brian Cox, Chairman and CEO, commented, "We built the infrastructure. Now we are scaling. With AT&T integration complete and LinkUp Mobile launching nationally, SurgePays is positioned for the most aggressive revenue growth phase in our history."","length":265,"tagName":"p"},{"type":"text","content":"2024 Operational Highlights:","length":28,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Nationwide Launch of LinkUp Mobile: SurgePays has begun its national rollout of its retail prepaid wireless brand, LinkUp Mobile. The Company expects monthly SIM card shipments of 250,000–300,000, driven by robust demand from its retail distribution network of nearly 9,000 convenience and community stores.","length":307,"tagName":"p"}]},{"val":[{"type":"text","content":"AT&T Integration Complete: In November 2024, SurgePays signed a multi-year strategic agreement with AT&T to deliver full ac...