NASDAQ$SURG
Surgepays Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
SurgePays reported its Q4 2024 results with declining revenue and a significant net loss due to the end of ACP funding and strategic customer retention efforts.
SurgePays faced a challenging Q4-24 with revenue of $9.62M and a net loss of $19.81M, reflecting the impact of ACP funding cessation and self-funding decisions. Despite short-term losses, the company is positioning itself for future growth with the national launch of LinkUp Mobile and the completion of its AT&T integration.
- Q4 revenue reached $9.62M, significantly lower due to the ACP program ending.
- Net loss of $19.81M driven by self-funding efforts to retain customer base.
- AT&T integration completed, paving the way for aggressive growth in 2025.
- LinkUp Mobile national rollout expected to accelerate subscriber acquisition.
Headline financials
Revenue & EPS history
Surgepays · Revenue · Quarterly
$9.62M
Revenue by segment
Surgepays · $16M total across 2 segments · Q1 2026
- Point-of-Sale and Prepaid Services$14.2M—88.7%
- Mobile Virtual Network Operators$1.8M—11.3%
Forward guidance
SurgePays projects revenue exceeding $200M over the next 12 months and positive cash flow before the end of 2025, fueled by LinkUp Mobile national launch and MVNE business expansion.
Tailwinds
- Completed AT&T integration will enhance wireless service offerings.
- National rollout of LinkUp Mobile to drive retail growth.
- MVNE wholesale platform expected to scale quickly with high margins.
- Expansion of the point-of-sale platform will drive top-up revenue.
- Positive cash flow expected before end of 2025.
Headwinds
- End of ACP funding has impacted short-term revenue and profitability.
- Heavy reliance on successful Lifeline subscriber migration.
- Current net losses require careful cash management.
- High cost of self-funding customer retention strategies.
- Potential delays in scaling MVNE partnerships could affect revenue projections.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q4 2024
-1.0%
Avg return
Earnings day
+0.8%
Avg return
5 days after
-0.1%
Avg return
30 days after
47%
16 / 34 earnings
Positive
+70.3%
Q4 2024
Best reaction
-30.7%
Q2 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.8% | — | — | |
| Q4 2025 | -7.9% | +6.8% | -20.7% | |
| Q3 2025 | -17.8% | -20.6% | -39.1% | |
| Q2 2025 | -25.5% | -21.2% | +3.1% | |
| Q1 2025 | +1.8% | +10.9% | -6.0% | |
| Q4 2024 | +70.3% | +50.0% | +141.3% | |
| Q3 2024 | +3.6% | -7.3% | +11.5% | |
| Q2 2024 | -24.9% | -21.9% | -44.5% | |
| Q1 2024 | +11.5% | +10.1% | +2.1% | |
| Q4 2023 | -20.3% | -26.6% | -34.6% | |
| Q3 2023 | -1.1% | +5.9% | -3.6% | |
| Q2 2023 | -5.0% | -14.0% | -11.6% | |
| Q1 2023 | +10.9% | +35.7% | +73.3% | |
| Q4 2022 | -6.7% | +5.0% | -10.6% | |
| Q3 2022 | -6.8% | +4.6% | +25.8% | |
| Q2 2022 | -30.7% | -25.6% | -35.7% | |
| Q1 2022 | +5.3% | +18.4% | +31.8% | |
| Q4 2021 | +1.3% | +3.5% | -8.9% | |
| Q3 2021 | +6.2% | -16.5% | -16.3% | |
| Q2 2021 | -12.4% | -13.6% | +9.1% | |
| Q4 2020 | +11.9% | +16.0% | -10.0% | |
| Q1 2021 | +11.9% | +16.0% | -10.0% | |
| Q3 2020 | +13.1% | +39.4% | +36.7% | |
| Q2 2020 | +3.9% | +14.3% | -12.1% | |
| Q1 2020 | -10.2% | -10.1% | -17.2% | |
| Q4 2019 | -4.1% | -3.3% | -7.0% | |
| Q3 2019 | +8.6% | +28.6% | +5.4% | |
| Q2 2019 | -14.3% | -15.8% | -40.4% | |
| Q1 2019 | -16.0% | -30.8% | -37.6% | |
| Q4 2018 | -1.7% | +3.0% | +26.4% | |
| Q3 2018 | +4.0% | -4.0% | -0.5% | |
| Q2 2018 | -3.7% | -11.1% | -12.1% | |
| Q1 2018 | +11.6% | +15.9% | +14.6% | |
| Q4 2017 | +3.3% | -15.0% | -6.7% | |
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| Q4 2009 | — | — | — |
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