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SurgePays (SURG)
NASDAQ:SURG
Holding SURG?
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Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.07Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 15, 2019
|% Change Since: -8.82%
|Next Earnings Date:May 16, 2019
Earnings Call Sentiment|Neutral
Despite significant revenue decline and increased losses due to the end of ACP funding, SurgePays is strategically transitioning to Lifeline and other growth initiatives, showing potential for future growth.Company Guidance
During the SurgePays Q3 2024 earnings call, the management highlighted their strategic focus on transitioning from the Affordable Connectivity Program (ACP) to the Lifeline program, following the cessation of ACP funding in May. They emphasized their efforts to migrate 280,000 subscribers to Lifeline, leveraging a new partnership with TerraCom, Inc., to ensure sustained revenue generation. The company's Q3 revenue was $4.8 million, a significant decrease from $34.2 million in Q3 2023, primarily due to the ACP shutdown. However, their prepaid platform services segment saw a 69% growth to $4.7 million. SurgePays is also ramping up its LinkUp Mobile brand with plans for a significant rollout in Q1 2025, expecting to secure a direct carrier connection to enhance service offerings. The company's ClearLine point-of-sale SaaS platform is anticipated to contribute meaningfully to revenues by early 2025. Despite the challenges, the company is optimistic about achieving cash flow positivity by scaling its Lifeline customers and expanding its prepaid services.Strategic Transition to Lifeline Program
SurgePays successfully transitioned 70,000 customers to the Lifeline program, aiming for a total of 280,000, which is expected to cover overhead and bring cash flow breakeven closer.
Prepaid Top-Up Revenue Growth
Monthly revenue growth in the prepaid top-up platform surged nearly 400% in five months, reaching $2.2 million, with expectations of continued growth.
New Master Service Agreement with TerraCom
A pivotal partnership with TerraCom, Inc. to migrate 280,000 subscribers to Lifeline, establishing a steady alternative subsidy channel.
ClearLine SaaS Deployment
ClearLine point-of-sale platform is ready for market deployment and expected to contribute meaningfully to consolidated revenues by Q1 2025.
Expansion in El Salvador
Opened a dedicated sales and operations center in El Salvador, transitioning nearly 100 team members to full-time SurgePays employees to support growth.
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SURG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SURG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $1.70 | $1.71 | +0.59% |
| Aug 13, 2024 | $2.72 | $1.99 | -26.84% |
| May 13, 2024 | $3.77 | $4.27 | +13.26% |
| Mar 12, 2024 | $6.99 | $5.02 | -28.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SurgePays (SURG) report earnings?
SurgePays (SURG) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is SurgePays (SURG) earnings time?
SurgePays (SURG) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SURG EPS forecast?
Currently, no data Available
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