SURG - Earnings call transcript Q1 2024

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Operator

Greetings, and welcome to the SurgePays Q1 2024 Earnings. [Operator Instructions].

As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Quinn Cullinan. Thank you.

begin. may You

Unknown Executive

today and Chief First operator, Today's everyone. to Officer; the Welcome is President Brian Thank Chief Officer. and XXXX good Earnings SurgePays Executive call on And Quarter XX, Tony Call. SurgePays Webcast the are May Cox, Evers, you, and XXXX. afternoon, from Financial and date Conference

Litigation XXXX. are that the contain forward-looking may statements we I'd defined the to and Before under call certain begin, of expressed to like cause uncertainties this to materially Reform Private subject are that in Securities as from statements. those These actual remind they Act differ everyone risks forward-looking statements results could

All and please any reflect such press a today that release are most and forward-looking our Relations Copies of current For on this expectations SEC. Investor reflect today's undertake to see occur update statements uncertainties, website. to discussion after no obligation call. SurgePays' only, made recent risks events SurgePays the we statement the filings accessible with of

President Brian Form available XX-Q be March Chief XXXX, the ended XX, for to And over quarter Officer, I'd the also turn call to SurgePays Relations Executive like SurgePays will now Cox. Investor on addition, website. and In

Kevin Cox

Thanks, Quinn.

First, those for joining our I the shareholders like thank interested would call. to and in SurgePays

market. of expanded continue overview what have we who like our brief expanding and a are, target we do to As our audience, give I'd we and

shown closest is underbank platform to suite live clerks underbank grassroots underbanked most customers the convenience they at to that at empowers technology homes. a financial level at and at SurgePays their SurgePays trusted the the have to and to financial their provide wireless do shop. core Our at products register. the to local wireless these Studies stores the convenience prepaid and financial of of and store populations transactions layered mission provide technology prepaid underserved services where

QX XXX-pound results, let's address dive gorilla. the we into Before

provision to environment being ACP, to pending continuing floor Program. it made complicated the a in currently funding government the funding Act. of of by Connectivity the Affordable ACP The are We Reauthorization approval FAA attached The

to We So [ in attached bill. know replace a weeks. a vote it's be ] could to few it program another and could another or likely rip come with

prepaid We we are hopeful ACP have that I I waiting they XX passes, plan ago, replace to not for combined or X to my it thrilled technology met months revenue months. but us duplicate challenge with make put ACP aren't our around company, LinkUp successful that Strategic team all great position. legacy but Wireless have hires, of to Prepaid only approval. this challenged ramping I'm a within believe announce Mobile, initiatives other exceeded corporate up rollout wireless a business. and our new with in the Top-up

will a comprehensive funded, is put I our confident our which not us as revenue rollout just prepaid with a are and SurgePays. ACP has our delivery Our is immediately. plan replace expect together us team that product-agnostic underbanked a LinkUp in the current months of Mobile, it is wireless distribution If exceed the only in situation company, not be XX ACP utilizing platform, scaling fantastic to but we own the ACP the to SurgePays underserved distribution. stores funded, strategic utilizing enable grow and our If convenience will of points the to we network, nationwide system

to own As us. Wireless and MVNO prepaid dealers nationwide X have and signed an to accomplished, distribution Prepaid Top-up distribution platform believe for the combination master we of over of now is our Company the business. LinkUp We we've business the example compelling Top-up traction long-standing switch

[ convenience dealers, out roll our Bodegas into will and wireless ]. We program companies help those stores

quarter. the shift of revenue Overall effectively million focus to team's and from away that our is of execution. this LogicsIQ. should Touching last eliminated the happen This of were It our our quarter results independently revenues the on of $X.X XXXX. revenue first expected affected direct and decision bears LogicsIQ timing year ACP rollout financial by emphasizing that of growth result contributed in for the a

allowed team to completely our term. aligned in the our benefit recent verticals we the model. scalable on with business company and it long new quarterly focus However, be will focused the loss generation revenue, lead Despite in our profitable believe

to Our $XX.X Wireless quarter million in XXXX. gross increased period, million margin revenue ago about to X% the increased $XX.X first the of quarter Mobile first Network from Operator, the of X% Gross million to million or year MVNO, profit Virtual in increased and $X.X in $X.X XX%. compared XXXX to

and things team's base is stores Whether revenue or of to base of from we ACP as to use ACP. the with confident largest with If our place. is network stores or big distribution expand our funded, to products plan distribution and are this convenience mechanisms points we not in effort I'd for looking customer of execution. the underbanked and continue coming of future our like without the funded, I'm services, emphasize can ACP the big and utilizing ACP we other point. build the

never the ACP word plan in had it. business Our

partners brand, has team been team fintech platform, has into carriers, with represents our LinkUp what which and our Mobile, our of a Our year Integrations business. the development working the prepaid relentlessly on over SurgePays, and well for highlight APIs accomplished. cornerstone endless distribution. wireless our

wireless synergy our never fintech in when represent Our offering seen and and industry. in products work an combined,

LinkUp if as revenue complementary hires, funded, synergistic Mobile will the wireless It are business stores convert to aggressive opportunities ACP or Keep and sales, looking and to to is those them dealers base prepaid customers access be this companies. ACP their of our plans all not customers distribution utilizing wireless is in transactions customers. and plays that think scenario, that our LinkUp the lurch We is to frontline how the prepaid subsidized in plan we distribution replace regardless leverage in model. into will accretive who out. successful and give not of Whether situation believe are many increase current aggressively look convenience the platform ACP acquisitions key left us the products any in service. our the extremely strategic have to existing Mobile arise, organic low-cost upper a the to funding our our ACP while to we team, through ACP to and other funded, be partnerships, will ACP for offering the hand new mind ACP In value converting relationship with to promotions millions company we

we million the in March cash contributing acquisitions. We are bank have looking targets cash approximately positive to flow for meantime, XX, In XXXX. had and aggressive $XX in XXXX, and this the anticipate in as internal accretive of

call earnings is positive over focus model. Our net financial today's to on that Tony our before I'll review to call. Tony? summarizing turn complement the results our businesses

Anthony Evers

of Thank my financial you, Brian, I results. first will and overview the good quarter's begin afternoon, everyone.

compared our first Lead -- revenues Generation during its revenues operational quarter, For due the Gross $XX.X in to first year period. $XX.X services million by changes late XX%. a increased reported we $X.X decrease consisting representing was the ago to million. in XXXX of of LogicsIQ the profit to $X.X million to million compared $X.X decreasing primarily quarter XXXX, in to of management the million The with X% decrease by

was SG&A First noncash for last year-over-year. stock in to by in The employment expenses margin compensation increase due to showed compensation also management. stock XXX% primarily late improvement quarter XX% XX.X% increased versus relates agreements the gross XXXX. to year. signed The first quarter

the year the for million expenses or $X.X first $X.XX million year. period. in additional a to the per the to during had share Income was compared quarter $X.X fees share income million year or the compared also was quarter consultant of Clearline ago quarter. earlier We $X.XX and from for gain million to Net operations this contractor related $X.X purchase $X.X in per of first prior

share. EPS Our million reported and per $X.XX net income $X.X and were

impacted quarter, related by share Our on to noncash to the noncash income agreements. the earnings and in expenses per based the primarily were executives compensation employment adversely

per to XXXX. to comparative the of the share. XXXX, of capital -- $X.XX back occurring stock in diluted quarter would EPS million quarter in of in a was compensation EPS XX% the warrant in For have conversions in shares the quarter to resulted related first quarter raise XXXX by increase $X.X first outstanding an also purpose adding first and

balance to liquidity the flow. sheet, and cash Turning

to capital million. of by XXXX raise exercise the as XXXX, XX, $XX.X XXXX. March receivables of quarter of balance both during year-end stopped million February from was to approximately first ACP January [indiscernible] at compared accepting year-end million The million. XXXX. XXXX warrants to of cash subscribers of the $X.X $XX.X million in $X.X $XX Our was over attributable increase the The of $X and million decreased in

end. government a as our receivable the quarter result, As U.S. decreased overall from of

investing closing in for I business pass back position, financial structure, and the our allocation maintaining cash priorities on now strengthened remarks. ample our future capital cash Given Brian focus to and balance growth. for some will call liquidity the

Kevin Cox

components believe the I most the are history the prepaid a best the team, team believe success Tony. assembled and products, in distribution of experienced we I the and Thanks, have funding. the wireless. key four company's the to

I today. offering in to We plays regardless our currently. market how the Thank ACP $XX believe We time the situation and our out. for distribution, for own bank the so in plan. we success you is of over have most compelling your execute much the cash million own SurgePays built funding have

We questions. will now open to up the call Operator?

Operator

question first The from Andrew we is Instructions] of OIS. Scott [Operator have

Unknown Analyst

you're Are We're look really guys you $X bad know quick it. getting give a you Washington? I more the you on of like seeing thoughts senators your just the I you called anything any million -- seeing? ACP? language quarter Didn't out when but XXX-pound lot other it gorilla. about feel think at two compensation got Interesting can nonstock like us what's situation. you to any And of a questions, more charge. look big body talk you that's Can

Kevin Cox

-- question. Yes. that's Sure, you for the And yes, Thank day-to-day. Andrew. it's

think learned we to about XX days Because in that than Civics now applies more all last did took we I in school us. it the we in sure. for classes any have

it the get the probable. it out probable which We committee in script that a bill now did stated to got they lot FAA to and people lot on we more that will it As of it. floor, the more vote to leverage have makes a

we off and even credit want people advocates I have from if but up can additional the take Google don't too it in see you where Senators been much could our lining definitely situation funding, it. you Washington. over told to is get a for ACP If politics, want to into It's funded, weekend.

to White folks Washington the that than the watch especially an have body we as like save in the people I in the election language, far think on to I do. with as to last So connectivity year. And minutes day, -- swoop better Horse in

service. have a mean off other And that people try original is, what AT&T, the ACP Friday because believe grab pulled promotional I to was go a customers. by was customers their to And go pulled dealer, is I pulled spiff it try week the the the that, bunch last of ACP basically snag table it of bunch was us lost watch to When don't off was when table a to at wholesale to was funded. table. the It that the spiff they intention ACP a watch

that we're The good that's the whole in mine. guess know. part mean, would So language in But have than parties of. people Washington really the It's a as more who Washington. your normally that And more body is be a lot lot I for. would cocktail look -- I

weekend. I million the saw everybody I people. Federman. XX not talked -- million XX to an Vance about I but advocate million -- it's mean I people. households, from over saw it's And it's J.D. it's XX -- there's

If launch Mobile. long That's the would together. took very, we're launching and better the and We're again, thank both how we We're fine, our us business hopeful. LinkUp executing the couldn't timing goodness, got in ACP and middle, you've aisle. the extremes was not But because sides Mobile to model very now. it praying for every day. of to still everything perfectly So walking the sun outside be be definitely of the that LinkUp put

in we're great either So a or a we're either situation. phenomenal way, in situation

Unknown Analyst

more on a I All division. comments it's new right. LinkUp Brian, any know Mobile.

hires. strategic of kind some there? there Is said you're can to give us You on any more guidance any what you looking accomplish

Kevin Cox

guidance since just don't around in of been the that I X and into about day the of out trunk that owned that have one a original I that's of know those on sold word for calls. let's wireless. get background, don't guys copper know CLECs But cars. jumped into buying definitely, I I I a people didn't store, Boost when I funny I these we saw am go lining X. convenience know, this, Yes. my phones flip line up because

day a and own offer I launch wireless prepaid entire been my into an one to had wireless own also the be day wouldn't we've reason was really ran. X, in brand wireless got compelling when and So since our I that

to be don't top prepaid a is of that's three. to in that wireless dealers it's all know, everywhere the, city like They're that of that parts couple And that kind the would town. there's also Don't opportunity wireless race prepaid are horse to because let's your the for those customers. getting call more We primarily prepaid wanted now it, And and a over over -- ran. guys, resellers wireless an wireless in of the be of reference things, until had of even A++ million racing. the class predicated the wireless upper now. Never XXX distribution just those really on as be in

never way spiff then folks rates Well, they a on make they right not front-end offer wireless only take both prepaid combination every of month. to these on make the the competition these percentage we the ability our payments make money them had the for but to Well, customers all also, customers. the payments, components as activating the there. great ability really money. by And And taking well. of

wireless we're the own None the And it, company. they fintech wireless we head-to-head the companies out their transactions guys Now the there. all who do. companies. do as own other those the third-party with call for of folks third-party payments,

go we when head-to-head So is dealer that SurgePays they master not. that or should storefront debating when whether with go or when

a LinkUp the the We few throw board, Mobile. on to ability have points more utilizing

point then this we we'll So just on hey, now we're not trying, prepaid business. for Verizon example, your and because we own X.XX get to over say, negotiate can product.

the similar very [indiscernible], you take margins are Absolutely, huge we'll that have ACP. sir. XX% give payment We to to

the out. rolling that's process, So Phase X the kind that's of and we're how of

the most that we're I've far, been. so is -- And this excited, Andrew,

And think first since guys great like we the as the We've and great are got you I is fun. win, CLEC XXXX, fun. approval seeing got We're as we this I is my think the the to fight year that technology. points got win. I We've and Tennessee scoreboard. in winning This a in head-to-head to I going at progresses, winning. start team.

Unknown Analyst

lot $XX I'll do don't got you are do. I in what finish questions. of million going there, line. see to love I'd And Yes. a guys couple but to want the with other that A cash. to I to hog

Kevin Cox

the team fridge execute same bank, I forget. got a And fantastic started guy can floor mattress card a it. and I have Don't on -- still credit did $XX limit. a the in a I've but didn't $XX,XXX dorm definitely help a -- this million the with company now And dog. that me with that a I'm on.

appreciate I Andrew. questions, So the

Operator

from is question Ed we Woo have Capital next Ascendiant The Markets. of

Edward Woo

said, this I such obviously, process. My through funded. war out like rooting are And of for there and Yes. to managing Congratulations is, question ACP get and having definitely the you congratulations huge lot on quarter people on chest. the a a

Do your same for acquisitions relatively of maybe be to Some of that your the one a it anticipate going expand more have minor will recent buying MVNO small forward? in Or you major the of pretty space? been kind shift of doing maybe technology. competitors

Kevin Cox

No.

often. I question. fantastic that's know talk thing our about You a CFO what, with exact that quite Tony,

NDAs, do accomplish who on trying We watching we're They're good now us. right would have a with these contracts -- and our our month. master when send But of going then right a of which be route with many of they're are have and that like -- but going have acquisition the think all after not going these being distributors, these watching on targets people a I'm providers. do that targeting and represent we there out And revenue neighborhood, necessarily of board not of I what as what a networks I executed in acquisitions in them these route. time for guys service in I'm and our millions us technology building. almost after after potential that's competitors a known to at tens some then basically for our draft revenue dealers, spreadsheet we

around acquiring company in they've this knocked it a less as been if rounds. think company, to going they're politically an I If with can't for value a I comes [indiscernible] be a offer correct when with, people to few their we're others that that argument is can. compelling willing after may compete

us have We amount offering. low our a now of with line tremendous for that's fruit revenue right

our master do that and if dealer us? is pay acquisition then, Why is month do acquiring we then going are an linkup a bring me doing if, in what the like a a paying? kicker we And them? them maybe And What mobile we almost I'm XX,XXX bucks working putting got that co-op give behind other you like And bit say, make but subscribers we're to master that them couple buy for a not them of maybe part. dealer them x much So of little competitor. to I'd revenue, people know this say carrier, your competitor with input. is is we of It's can they give what to access example, more for more feel activations. it's and offering attack. activation, for doing let's for them how Well, to They've more a a activations that push. to residual we maybe a and

the is, to those But it have we do things. whatever flexibility

a that's and where exactly I'm I'm to we're let's that activations. scenario activations -- like in for I It's an up, stiff thumbs upfront pulled almost go. acquiring and what you authorize now, of gave paying real-life XX,XXX So watching we're

seeing things we're now, think we're hit kind those Ed. to I that so the what going we're of to do, hard LinkUp. are And market And right going with the

at going lot -- a about be is most the X out be that by people now. coming Phase I you more you they're add people check online to the your are the probably way, is into really We get to And hearing things what every your about it going going things store this always month. put market. fine-tuned check value to cart. on guys of a week mean grocery linkupmobile.com. that. a ahead You're And be value-centric is go to the going cart where left and the here We're what it are call few got We but and centric. And while on got our hits in deemed what There's core, X. of out or the automated our dollar up things. into credit not right you payment. roll when enough card. to push, go be you that And on a for We've goes can market

value-oriented. is market Our

$XX So do additional and $XX we can in, taxes out roll a We we've a plan, feel fees. no something special. $XX got plan, plan like a all

to we that some competitor. I a so make very and will move we opportunities. again, go we on heads going But hard. push knock very, a are are And some there there, out absolutely

Edward Woo

experienced know very of take to you thank Well, that. guys And able you. congratulations good well be luck. to advantage and Great. And I are

Operator

Research. from Water next Shauger have of The Tower question Curtis we is

Curtis Shauger

all the ACP. execution they with themselves? are there. little network you a folks Bodegas? described challenging can Can to provide stores more you master do help as distribution help the that only convenience a could a investors your in more populate Or mentioned? Are and I going environment be the on have mentioned bit partnerships dealers. these on You out diverse you of for maybe If Congrats what

Kevin Cox

They're X approaching as they're up, sometimes Curtis, take guess, really of the Yes. know the you that because be is that who time. a agents at over. a look territory normally, everything long The those also or a There's wireless and prepaid most to X how map expectation us and the That's in for an used I to prepaid they're their you No, AT&T, of going it in question. own rollout their granted. or that through acronyms master is carriers. been if else you that's have the in the they you called. have good would -- do. Phase brand, the we this ordering a from way of Verizon, mind, using dealers can us And the day, too. we're everybody activations of master master guys And get all and dealers masters deal X using with that SIMs keep thank country question T-Mobile, these And the has utilize for every set

of there's X companies they So carry. a combination or that usually X

going now. exciting amount a There's up we've Tony to business we're that a for everything being of There's understand doing has the those wireless of specifically right many low LinkUp, of masters. product side into our of that month, folks how company don't certain the about know it. straight for how since they're us. days prepaid dig to to lot because a going by because proud tens and lot activating of been than we're time. And cards attrition, can we calls for over our little have of for fruit channel Especially those together, called are feet embark going been myself accountable on that for with a phone more the having favors back. revenue There's now. of piece. the product amount better of significant pat wireless in we the predictability from have wireless, thousands about wireless they're the we to lean the rekindling great stores. to have ordered predictability especially side because first once they on a very, It's in lot And are to got is wireless. a going be of our have the prepaid a in We're a in And very we freestanding SIM from geared stores activations we're where our they or kind start just and put that do little which really a a convenience have the opportunity And with know line ACP to

proud Our team it. very of is very,

dealer of through volume. they be convenience would may to go activations, going same dealer to be network a piece week. master existing not a as time that straight little putting the X grow is a times Phase I, convenience don't And our our but it's little number approach, customers your wireless X online, bit because great convenience that So place It's a week. store lot is store, of and loyal the a II times, and more times in go over a Phase also we be go those People different the volume definitely together bit stores. to the

competitors, maximize prepaid So end come at the that but Phase who the your And with called III. going day, you Woo's most and III get guys is our for revenue competition the be TSPs, love providers. that They're the to service question the I integrating do technology kind subscribers back with the customers convenience would business of Ed from ironically way, that to the top-ups your Phase of do store. always and to -- everyone.

then add Phase at we March, I next So days, it of this. X. X the and kind that's would way And XX Phase is look X, XX-day look the then a you add way at Phase

this all I of in picture QX, how clearer got Lightning see on it thing board. putting and bit bottle we've reference much how by humming the of of a predictability on got what going points to can a is up. going cylinders, be fast -- little we've we're where and we the able and used So more We're this ramp to about what

Curtis Shauger

kind Excellent. about If or know into there any question mode it dormant we've it status. a what But in Is terms can there, of talked know going thought with idea I us the is nonoperable about quick before it in -- all? is of there you that -- up could I about follow any -- LogicsIQ. give you is I a about it of divesting was finality if point which at it?

Kevin Cox

it question. was Generation wireless to then interesting completely CFO And level, and underbank as into a different it I Yes, people Lead transactions didn't little dealing could appreciate question. and the and of and fintech lawsuits. part of that the creating just wear sure. bit side even the experts Tony the all that immediately subject is wasn't I was model. company, it subject a to I see expert. the stress field. I hats, mean with matter was was on just in not completely [indiscernible] an a -- sense. a you, and that matter for And across And having and a not was note, having jumping strain It with honest at scenario vernacular prepaid a make be my It I bringing were

some mass pending when [indiscernible] other there a country. share We cases the from x fall. out Earbuds, XM, we how see the had interest. filed outcome do in have booked are certain did that vested to delivered waiting the subsidiary, those partnership the book come to x call for where just And were we LogicsIQ certain and [indiscernible] have around number millions. million back a of, courts we cases -- and of them, June, Now last we cases that chips in of could year, that pushing are the valuated, outcome cases, signed, the let's that

that? an Because Does So asset. really of sense ourselves make debating. we almost are to that's divest it

a world, asset it's GAAP be -- in something but us that you the to If would real not that has value.

think then cases -- to deck. X the outcome of to go willing to over access associated would X, offload share and we to have sitting our fees years, that ahead side legal the would And next have the scenario, be that discount, the the us. of it's as an asset. come at worst-case those just to But with And on So year so. share over we fruition considered to cash? those cases X, a I come

are So right that's where now. we

Operator

of Soderstrom Sidoti & The next from question we Co. have Anja is

Unknown Analyst

sign-ups are April. Or... So that ACP taking I'm transition in stopped you funding trending? February and sort expectations? any new just curious not above fully it's more seeing Is it the the How with in of

Kevin Cox

the the a Anja. to February I the Care appreciate earlier. the It question, both new down. closed good and almost It's On call think they and question. clarify, enrollments. I allowing enrollment. stopped X, And release did open touch press That's because the like government on stopped we this, Obama

any customers customers. So big allowed really which take they wasn't a did in but of, they from to us, us new allow competitors, fan bring not but

it tapping to looked they another ACP whatever money. us us a competitor, Where way were their has tablet just didn't think credit they money, or a spend most at wanted They from it was a customer the if they a you're already that the company the care been likely for would as whether sending $XXX be. I used. that cap of affected pulling fact

that a -- that did tablet used $XXX pop is hurt is for So credit. our revenue, our called that top line this anybody not

to we're time mouth. the mean, crosses all we're in other and It's XX% always ACP right we not while get that to funded we this is at has is all about when my day consuming. never can my all e-mails, our back sure street, up it looking are clear, not talk been I up. the go other looking now, text, beat so we because make want on all in this competitors to spending of So collectively each is part of again, program beating word were the of you groups that irony what I advocacy the may building. -- each But is competitors expectations, a make the

customers, that, to companies election an there against you not a believe after continuing all it. talk of ones go year, both lot sides, out are that to, people the they're very especially out bipartisan speaking They hopeful. got in still we that most are whole So

but the of There's I in subsidized, it that that a It where think off technically it's really program. new get program. it's manner, a a an just is efficient not fact program rich no people people. it. a run truly Washington It's of government is in government

have from that's to this that out. that push minute think it moving things going next a to forward going I at and lot of end it this as the do a victory fighting the once out I you believe, to doesn't because kind of lot to think that's find the of is it hold helped think the told, And it people. back in know, last couple be that weeks hearing, they But as of I I little runs And been advocates. I'm the the what not claim And people who for pile direction. at there's on seems in actually know of month. team of bit funding we're And from I've win. there's what to people a one

of I lot a there's lot over of momentum. think momentum even weekend. A the

wanted has who White You've gotten got of the everything now couple essentially House they've for years. a

You've got -- that you've think I I Senate. close. SEC, -- we're think the got mean the I

So let's see.

Unknown Analyst

the the by been of about than is tablet also How That forward? was improved right, in representatives. should sign-ups, then out? margin, rolling in-person that Okay. that that's How helpful. going think helped And gross your we terms rather

Kevin Cox

should -- keep there aggression really absolute think funded you trend If forward. I to mode is think going questions go types I well, -- Mobile that forward, it almost If have into to or. these do well margins I and not, subscribers. LinkUp ACP grow to either again, it's answer see of I'm gross Going moving with

down millions that. run, have up term, margins pull great in things branding, So short being you're to in thousands and the gross things problem the margins promotions, I if and make hundreds front-loaded if track of incentives, chart that trajectory spiffs, and sure short to able model pushing to subscribers. of cash no leading we'll is the bank because achieve to that having maximizing one your in That's growth the out about of have those with that.

I'm million we How my How million is thing the wired. That's do, ever every not $XXX in double day one do here. how my do margin focused grow gross I'm revenue. $XXX ? could But million. the I why That on in we time. see at do $XXX then a just is it. worst and way we double double we opinion, absolutely pebble asking I'm team,

it look that funded money important we of obviously, getting is now, margins, is making or to a for not on regardless I was at something of subscriber think my whether world, coming -- not you so are absolutely.But growing the base where higher entrepreneur list. And and right the important, ACP way side from profitable me, when is definitely priority

Unknown Shareholder

time should And frame type revenue. the ACP expected ACP you not do on you that? does that in have replace one What case that earlier last of get In one. that linkupMobile refunded

Kevin Cox

That's question. We now. good SIM going cards a have out

out We have SIM going cards now.

have We and APIs finalized. being contracts

maybe opportunity Let question to color me me little bit earlier. an answered more add to the -- I you gave a

signed you're for Let's you We exclusively the deal me have you -- that Mobile. dealers say got wireless with today to. coming deal. that And a LinkUp you XXX distribute to

X, -- guys into ability -- can have business are API supplying in those to process payments your to I to we're our work you platform for, said, top are also up payments with competitors. so all going seamlessly. transactions we're our also and like activations, now the because and integrate We we now IT together then them of that

So we're essentially watching redlining guys right and contracts now. these and development my IT APIs

working I'm to bone. think the them I

is doing. ACP. some don't we I reporting I reporting to get hey, creating in I I'm do that in want They're the did hit a to stuck going some And what XXX,XXX. bit keep on hey, We this can to forward sales by little but non-subsidized people early oil of showing But want an milestones. and to milestones, we're we we definitely way, that do hit of start the with non-CP of look start do what -- market. just up start these expectation, rut XX,XXX, in to burning think a midnight excited. We the really team

So think, see out. you're then next roll X for I going formally like think And really week the as we to I said, things. news look over I special this some some or

Operator

to any end come closing I to back the would like over and turn session, have of the call for the question-and-answer We to Bryan remarks. Cox

Kevin Cox

for a you. who and a the call. to look Hi. I We you quarter. Thanks Bye-bye... next again everyone day. shareholder appreciate appreciate forward good Have being joined

Operator

conference. Thank joining for this concludes us. you that gentlemen, and Ladies

disconnect You may your lines. now

SurgePays (SURG) 13 May 242024 Q1 Earnings call transcript