Surgepays Inc Stock Price, News & Analysis

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.

SurgePays (Nasdaq: SURG) has promoted Allison Seyler to vice president of sales, marking her as the company's first female executive in this role. Since joining as director of sales in March 2024, Seyler has significantly impacted the company by expanding the retail partner network and driving a 400% increase in cellular top-up revenues.

Seyler, who brings over 15 years of experience in fintech and telecommunications sales, will lead the company's sales strategy with a focus on scaling LinkUp Mobile, the company's prepaid MVNO service, and expanding digital services. In her new role, she will lead the sales team to increase SurgePays' nationwide distribution footprint, implementing data-driven insights and competitive pricing strategies.

SurgePays (Nasdaq: SURG) has appointed Mark Garner as Executive Vice President. Garner, who joined the company in October 2019 as vice president of technology, brings nearly 30 years of industry expertise. In his expanded role, he will oversee the integration of SurgePays' platforms—SurgePays, Shockwave and ClearLine—with wireless and financial technology partners globally.

Garner will spearhead the direct integration with AT&T and lead the launch of LinkUp Mobile, the company's new prepaid wireless brand. Prior to SurgePays, he served as vice president of operations at ECS Prepaid, which was acquired by SurgePays in 2019. His responsibilities will include collaborating with internal teams across sales, marketing, accounting, programming and contractors to align with company objectives.

GPO Plus (OTCQB:GPOX) has announced a strategic partnership with SurgePays (NASDAQ:SURG) to develop new sales channels. SurgePays will establish a dedicated outbound sales team from its 100+ person operations center in El Salvador to sell GPOX products. The initiative targets independent retailers, including convenience stores, bodegas, liquor stores, and smoke shops.

The partnership combines SurgePays' expertise in outbound sales and financial technology with GPOX's product sourcing and distribution capabilities. Key benefits include expanded sales outreach, access to SurgePays' existing retail network, and improved operational efficiency. SurgePays brings its sales infrastructure, bilingual team, patent-pending POS marketing software, and nationwide retail network of thousands of stores.

The collaboration aims to help GPOX penetrate deeper into existing markets and capture new retail partners through a scalable, cost-efficient solution. Both companies' CEOs expressed optimism about the partnership's potential to drive revenue growth and expand distribution footprint across independent retail markets.

SurgePays (NASDAQ: SURG) has integrated its ClearLine software marketing platform with Clover's point-of-sale (POS) system, enhancing marketing capabilities for small and medium-sized businesses (SMBs). The integration enables merchants to engage customers through targeted offers, manage campaigns, automate marketing actions, and implement loyalty programs using Clover's POS terminals.

The strategic partnership allows Independent Sales Organizations (ISOs) to offer enhanced value to merchants by bundling ClearLine with existing Clover payment solutions. This integration, along with recent partnerships with PAX Technology and LANDI Global, significantly expands ClearLine's potential installed base from thousands to millions of users.

SurgePays (Nasdaq: SURG) announces a strategic integration with LANDI Global, incorporating LANDI M20 handheld devices into their merchant network. The partnership enhances SurgePays' portal with ClearLine Application integration, enabling merchants to offer advanced features including top-ups, bill payments, QR codes, and NFC-enabled interactions. The collaboration expands merchant capabilities through the ClearLine app and enhanced SurgePays app, providing access to Lifeline wireless programs and advanced marketing tools. This integration aims to streamline operations and improve customer engagement at the point of sale.

SurgePays (NASDAQ: SURG) has integrated its ClearLine point-of-sale marketing platform with PAX Technology's smart payment terminals. The integration enables merchants to transform existing PAX terminals into marketing tools without additional hardware investment. PAX Technology, with over 50 million terminals globally and 8% U.S. market share, provides a significant growth opportunity.

The ClearLine platform offers features including idle-time marketing content display, real-time customer interaction during payments, post-transaction prompts, dynamic QR codes on receipts, and comprehensive analytics for campaign tracking. This integration aims to enhance customer engagement at the point of sale while providing merchants with valuable marketing capabilities.

SurgePays (NASDAQ: SURG) has signed a multi-year mobile virtual network operator (MVNO) agreement with AT&T, enabling it to offer mobile wireless, voice, data, and messaging services on AT&T's network, which covers over 99% of Americans. The strategic partnership allows SurgePays to provide 4G LTE and 5G wireless services and empowers the company to support other aspiring MVNOs. Through its network of convenience stores and local outlets, SurgePays aims to serve underserved and rural communities with affordable prepaid wireless and financial products, leveraging its transaction platform for processing, activations, and top-ups.

SurgePays (NASDAQ: SURG) reported Q3 2024 financial results with sales of $4.8 million, down from previous quarters due to the end of Affordable Connectivity Program (ACP) funding. MVNO revenue decreased to $23,609 from $30.2 million year-over-year, while Prepaid Platform Services grew 69% to $4.7 million. The company reported a $7.8 million gross loss, compared to a $10.5 million profit in Q3 2023. SurgePays has migrated over 70,000 customers to the Lifeline program through a partnership with TerraCom, and their prepaid top-ups platform reached $2.2 million in monthly revenue. The company held $24 million in cash and investments as of September 30, 2024.