SURG Research | Milton Maxwell

SURG

SurgePays, Inc.

1.7200

+0.0700+4.24%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

36.19M

P/E (TTM)

Basic EPS (TTM)

-2.13

Dividend Yield

Recent Filings

8-K

SurgePays raises $2.5M

1/22/26Jan 22, 2026

SurgePays priced a $2.5 million underwritten offering of 2 million common shares at $1.25 each on January 20, 2026, expected to close January 22. Net proceeds target Lifeline business expansion and working capital. Insiders locked up for 180 days. Warrants dilute later.

8-K

Interim CFO appointed via outsourcing

1/14/26Jan 14, 2026

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

1/7/26Jan 7, 2026

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%

11/13/25Nov 13, 2025

SurgePays reported Q3 2025 revenue of $18.7 million, up 292% year-over-year from $4.8 million and 62% sequentially. Gross losses narrowed to $2.6 million from $7.8 million; SG&A fell 32.5% to $4.2 million. Revenue exploded. Company reaffirms $225 million 2026 guidance amid scaling risks.

10-Q

Q3 FY2025 results

11/12/25Nov 12, 2025

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.

About

SurgePays, Inc., together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates in two segments, Mobile Virtual Network Operator (MVNO) Telecommunications and Comprehensive Platform Services. The company offers mobile broadband solutions to consumers; ACH banking relationships and fintech transactions platform to convenience stores; prepaid wireless top-ups platform for convenience store clerks to handle top-ups for wireless brands; and transaction and marketing solutions. SurgePays, Inc. is headquartered in Bartlett, Tennessee.

CEO

Mr. Kevin Brian Cox

IPO

1/17/2018

Website

https://surgepays.com

Employees

130

Sector

Communication Services

Industry

Telecom Services