SurgePays reports Q2 EPS (36c) vs. (66c) last year

Reports Q2 revenue $11.5M vs. $ last year. CEO Brian Cox commented: “Q2 set the stage, but the momentum in recent weeks has been extraordinary, with subscriber activations, retail expansion, and wholesale platform growth all hitting record levels – positioning SurgePays (SURG) for the strongest growth period in its history. Since July, we have seen unprecedented acceleration across every vertical – led by Torch Wireless, our Lifeline-subsidized brand, which activated 20,000 subscribers in June, 57,000 in July, and is on track for an expected 80,000 to 90,000 ongoing activations per month by September, surpassing our ACP-era peak growth rate in a fraction of the time. This momentum is the result of retooling our ACP infrastructure for Lifeline, adding a seasoned leadership team, deploying new technology, expanding distribution, and fully integrating with AT&T’s nationwide network. In parallel, LinkUp Mobile is gaining strong traction, our MVNE wholesale platform is onboarding multiple new partners, and our prepaid POS fintech network is driving recurring transaction revenue from thousands of retail locations nationwide. With visibility into our growth trajectory and scalable infrastructure in place, we are confident in achieving our $75M-$90M revenue guidance for 2025 and $225M-$240M for 2026.”