SURG
SurgePays, Inc.1.7200
+0.0700+4.24%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Retailers upbeat, consolidation no threat.
Brief Q&A reinforced prepared remarks on retail traction, with Cox sharing store owners' upbeat feedback amid economic uncertainty—underserved customers now seek value products like Lifeline and prepaid. Subprime market ballooned to 137 million, perfect timing. Owners chase extra $100 monthly via commissions on POS activations and Clearline, no upfront costs. Consolidation? Store autonomy and deep trust integrations shield SurgePays. No contradictions or hedges. Investors watch retail ramps into 2026's $225 million target.
Key Stats
Market Cap
36.19MP/E (TTM)
-Basic EPS (TTM)
-2.13Dividend Yield
0%Recent Filings
8-K
SurgePays raises $2.5M
8-K
Interim CFO appointed via outsourcing
SurgePays appointed Chelsea Pullano as interim CFO effective January 14, 2026, following Tony Evers' departure, via a January 9 master services agreement with MACK Financial Solutions. Pullano, MACK's CEO with prior public company CFO experience, commits at least 40 hours monthly for $5,000, while MACK provides additional services for another $5,000 monthly. Outsourced setup cuts costs but risks service disruptions on 60-day notice.
8-K
CFO exits with consulting deal
SurgePays finalized a separation agreement with ex-CFO Anthony Evers effective January 1, 2026, following non-renewal of his employment. Evers will consult full-time through June 30 on finances, SEC filings, and transition for $250,000 paid monthly, plus COBRA reimbursement. Director Richard Schurfeld resigned January 2 for personal reasons; David May filled his committee seats. Smooth handover secured.
8-K
Q3 revenue surges 292%
10-Q
Q3 FY2025 results
SurgePays posted Q3 revenue of $18.7M, up 291.6% y/y yet down sharply q/q (derived) as MVNO Lifeline ramped in California while prepaid services exploded 176% y/y to $13.1M; gross margins stayed negative at -13.9% amid heavy marketing. Operating loss narrowed to $7.0M from $14.3M y/y, diluted EPS held at -$0.38 on 19.8M shares—anti-dilutive. Cash fell to $2.5M with $17.7M current liabilities versus $9.2M assets; new $7M secured convertible notes (15%, $4 conv.) and $1.8M short-term debt funded ops, related-party note payments paused. Debt load jumped to $12M. Ongoing True Wireless litigation lingers.
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