Welcome to our dedicated page for Surgepays news (Ticker: SURG), a resource for investors and traders seeking the latest updates and insights on Surgepays stock.
SurgePays Inc (NASDAQ: SURG) delivers fintech and telecommunications solutions through its mobile broadband services, digital payment platforms, and blockchain innovations. This news hub provides investors with essential updates on the company's strategic initiatives in serving underbanked communities.
Access real-time announcements including quarterly earnings, technology partnerships, and retail network expansions. Our curated collection features press releases about SURG's MVNO operations, ClearLine POS marketing developments, and collaborations with industry leaders like AT&T and Clover.
Key updates cover product launches, regulatory filings, and market expansion efforts across the company's three core verticals: prepaid wireless services, financial technology integrations, and blockchain-powered solutions. Stay informed about operational milestones through verified reports on store network growth, subscriber metrics, and technological advancements.
Bookmark this page for streamlined access to SurgePays' official communications. Check regularly for new developments impacting the company's position in competitive fintech and telecom markets.
SurgePays (NASDAQ: SURG) has launched a new "phone-in-a-box" prepaid service under its LinkUp Mobile MVNO brand, operating on the AT&T network. The service offers ready-to-go smartphone kits specifically designed for convenience stores and non-wireless retail channels.
The offering includes two models: The Better Phone with a 6.3-inch screen, 32GB storage, and 2GB RAM, and The Best Phone with a 6.5-inch screen, 32GB storage, and 3GB RAM expandable to 6GB. Both phones come with the first month of service included, featuring 12GB of data and unlimited voice/text in the US, Canada, and Mexico for $30 monthly.
The service requires no credit checks or contracts, with a simple six-question activation process designed for grab-and-go convenience.
SurgePays (NASDAQ: SURG) has secured a $7 million senior secured convertible note from an existing institutional shareholder. The note matures in two years and becomes convertible into common stock at a fixed price of $4.00 per share after eight months. The deal includes $6 million in cash and the company's repurchase of 333,333 shares from the holder's equity position.
The financing will support the nationwide launch of LinkUp Mobile and expand the MVNE wholesale business following AT&T integration. Management projects revenue to exceed $200 million in the next 12 months starting April 1, 2025, and expects to achieve positive cash flow from operations by end of 2025.
SurgePays (NASDAQ: SURG), a wireless and point-of-sale technology company, has scheduled its first quarter 2025 financial results announcement for Tuesday, May 13, 2025, after market close. The company will host a conference call at 5:00 p.m. ET the same day to discuss the results.
Investors can access the live webcast through the company's IR website at ir.surgepays.com. For telephone access, U.S. participants can dial 877-545-0523, while international callers should use 973-528-0016 (access code: 877643). A replay will be available until May 27, 2025, accessible at 877-481-4010 (U.S.) or 919-882-2331 (international) with passcode 52439.
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.
FAQ
What is the current stock price of Surgepays (SURG)?
What is the market cap of Surgepays (SURG)?
