Business
SurgePays Reports First Quarter 2025 Financial Results
SurgePays, Inc. (Nasdaq: SURG) ("SurgePays" or the "Company"), a wireless and point-of-sale technology company, today announced its financial results for the first quarter ended March 31, 2025. Following the successful nationwide launch and full integration with AT&T, the Company is reaffirming its outlook of generating over $200 million in revenue for the twelve months beginning April 1, 2025, with positive operating cash flow expected before year-end.
About this update from Surgepays, Inc.
[{"type":"text","content":"AT&T Integration Complete; Nationwide Launch Positions Company for Most Aggressive Growth Phase to Date","length":107,"tagName":"p","attribs":{}},{"type":"text","content":"Company Ships Over 250,000 SIM Cards and Secures $6 Million in Cash to Accelerate Expansion","length":91,"tagName":"p","attribs":{}},{"type":"text","content":"BARTLETT, Tenn., May 13, 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 first quarter ended March 31, 2025. Following the successful nationwide launch and full integration with AT&T, the Company is reaffirming its outlook of generating over $200 million in revenue for the twelve months beginning April 1, 2025, with positive operating cash flow expected before year-end.","length":527,"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:"The investments we've made in our team, technology, distribution, and strategic partnerships have set the stage for the most significant growth phase in SurgePays' history. With our AT&T integration now complete, we've launched nationwide across our wireless ecosystem as both a Mobile Virtual Network Operator (MVNO) and Enabler (MVNE). To accelerate this expansion, we recently closed a $7 million financing, including $6 million in cash, with one of our largest shareholders. This transition from a reseller model to a direct carrier partner is a transformative milestone, positioning us to scale rapidly and profitably in both retail and wholesale."","length":720,"tagName":"p"},{"type":"text","con...