secwatch.observer — SEC 8-K summary
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Issuer:     SurgePays, Inc. (SURG)
CIK:        0001392694
Form:       8-K
Filed at:   2026-05-20T19:39:03+00:00
Accession:  0001493152-26-024589
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392694/000149315226024589/0001493152-26-024589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392694/000149315226024589/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-024589

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer