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Dec 31, 2024
Surgepays Q4 2024 Earnings Report
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.
Key Takeaways
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.
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.
Positive Outlook
- 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.
Challenges Ahead
- 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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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