Reports Q1 revenue $10.58M vs. $31.43M last year. 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 (SURG)’ history. With our AT&T integration now complete, we’ve launched nationwide across our wireless ecosystem as both a Mobile Virtual Network Operator and Enabler. 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.”
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SURG: