SurgePays Reports Q1 2025 Results: Revenue Forecasted to Surpass $200 Million Amid Nationwide AT&T Launch

Reuters

05/14

SurgePays Reports Q1 2025 Results: Revenue Forecasted to Surpass $200 Million Amid Nationwide AT&T Launch

SurgePays, Inc. has reported its financial results for the first quarter ending March 31, 2025. The company announced a forecast of surpassing $200 million in revenue over the next 12 months starting April 1, 2025, following the nationwide launch of LinkUp Mobile and a growing pipeline of MVNE partnerships. SurgePays expects to achieve positive operating cash flow before the end of the year, indicating a shift towards sustained profitability and scalable growth. The company's cash, cash equivalents, and investments totaled $5.4 million as of March 31, 2025. Additionally, SurgePays secured a $7 million senior secured convertible note with a 15% annual interest rate, maturing 24 months from the date of closing. This financial backing is anticipated to further accelerate the company's expansion efforts. Following the integration with AT&T and the shipping of over 250,000 SIM cards, SurgePays is poised for significant growth. The investments made in technology, distribution, and strategic partnerships are expected to drive the company towards achieving its financial targets for 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Surgepays Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY87075) on May 13, 2025, and is solely responsible for the information contained therein.

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The company announced a forecast of surpassing $200 million in revenue over the next 12 months starting April 1, 2025, following the nationwide launch of LinkUp Mobile and a growing pipeline of MVNE partnerships. SurgePays expects to achieve positive operating cash flow before the end of the year, indicating a shift towards sustained profitability and scalable growth. The company's cash, cash equivalents, and investments totaled $5.4 million as of March 31, 2025. Additionally, SurgePays secured a $7 million senior secured convertible note with a 15% annual interest rate, maturing 24 months from the date of closing. This financial backing is anticipated to further accelerate the company's expansion efforts. Following the integration with AT&amp;T and the shipping of over 250,000 SIM cards, SurgePays is poised for significant growth. 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ID: NY87075) on May 13, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"T","symbol_name":"At&T","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250513:nNDL23SsVy:1","article_id":"2535084378","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535084378","pubTimestamp":1747166852,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"SurgePays, Inc. has reported its financial results for the first quarter ending March 31, 2025. 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The company's cash, cash equivalents, and investments totaled $5.4 million as of March 31, 2025. Additionally, SurgePays secured a $7 million senior secured convertible note with a 15% annual interest rate, maturing 24 months from the date of closing. This financial backing is anticipated to further accelerate the company's expansion efforts. Following the integration with AT&T and the shipping of over 250,000 SIM cards, SurgePays is poised for significant growth. The investments made in technology, distribution, and strategic partnerships are expected to drive the company towards achieving its financial targets for 2025.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Surgepays Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY87075) on May 13, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}