SurgePays Q1 revenue $16M (+51% YoY) driven by POS/prepaid up 71%; net loss $12.1M

SurgePays, Inc.

Revenue ~$16M, up 51% YoY; point-of-sale and prepaid services segment grew 71%.
Net loss available to common stockholders $12.1M vs $7.6M prior year; operating loss $11.2M.
G&A expenses declined 25% to $3.5M; net cash used in operations improved to $4.6M from $7.0M.
Wireless subscribers surpassed 200,000; entered multiyear commercial agreement with Alpha Modus (AMOD) post-quarter.
Launched stored value/loyalty platform and Managed Marketing Services to monetize retail network.

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