According to the most recent market check, shares of SurgePays, Inc. (NASDAQ: SURG) had a sharp increase in trade, rising 51.04% to $2.08. The significant surge follows the company’s disclosure of its financial results, which emphasized excellent future revenue estimates and strategic development efforts.
Strategic Investments and the Financial Outlook
In addition to releasing its financial statistics for the fiscal year that concluded on December 31, 2024, SurgePays offered a positive forecast for the upcoming year. Before the end of 2025, the firm expects to have over $200 million in sales and positive operating cash flow.
The forecast comes after its services in collaboration with AT&T were successfully integrated and formally launched. Revenue and gross profit were significantly impacted by the end of the federally supported Affordable Connectivity Program (ACP) last year.
In order to overcome these obstacles, the company made calculated investments, such as expanding its point-of-sale (POS) network, integrating with AT&T, and developing its Mobile Virtual Network Enabler (MVNE) platform.
Wireless Service Expansion
The nationwide deployment of SurgePays’ retail prepaid cellular brand, LinkUp Mobile, has formally begun. Strong demand from its wide retail distribution network, which includes around 9,000 convenience and community stores, is expected to propel the company’s monthly SIM card shipments to between 250,000 and 300,000.
In November 2024, SurgePays signed a multi-year strategic deal with AT&T, further consolidating its position in the industry. North America now has complete access to AT&T’s 4G LTE and 5G cellular services thanks to this deal. The complete implementation of the integration as of April 1, 2025, enables the company to improve its service offerings.
Increasing Market Share
Additionally, the business has broadened its responsibilities as a Mobile Virtual Network Enabler (MVNE) by offering other telecom operators wireless infrastructure services such SIM provisioning and invoicing. This high-margin revenue stream is expected to scale rapidly in the coming months.
In reaction to the cessation of ACP financing, SurgePays has successfully retained a percentage of their cellular subscriber base. SURG is well-positioned for one of its most aggressive development stages to date because of a strong infrastructure, a great alliance with AT&T, and a clear route toward revenue growth.