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Stock impact report

Surgepays Inc (SURG) Q3 2024 Earnings Call Highlights: Strategic Shifts Amid Revenue Challenges [Yahoo! Finance]

SurgePays, Inc. (SURG) 
Company Research Source: Yahoo! Finance
Surgepays Inc ( NASDAQ:SURG ) is focusing on becoming cash flow positive quickly by aligning sales integration and strategy to generate new revenue streams. The company has successfully transitioned from the Affordable Connectivity Program (ACP) to the Lifeline program, maintaining customer continuity and positioning for long-term economic returns. Surgepays Inc ( NASDAQ:SURG ) reported a 69% increase in sales for its prepaid platform service segment, showcasing significant growth momentum. The company is expanding its footprint with a new sales and operations center in El Salvador, enhancing customer relationships and maximizing sales opportunities. Surgepays Inc ( NASDAQ:SURG ) is preparing for a transformative agreement with the largest wireless network in the country, expected to significantly increase subscribers and establish a strong presence in the prepaid space. Surgepays Inc ( NASDAQ:SURG ) experienced an 86% decrease in revenue compared to the same period in 2023 Show less Read more
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