SurgePays, Inc.

Good day, everyone, and welcome to the Surge Pays 2025 Second Quarter Financial Results Conference Call. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Walter Pinto, Investor Relations at Surge Pays. Sir, the floor is yours.

Thank you, Operator, and good afternoon, everyone. Welcome to the Surge Pays 2025 Second Quarter Financial Results Conference Call. Today's date is August 13th, 2025, and on the call today from the company are Brian Cox, President and CEO, and Tony Evers, CFO. Before we begin, I'd like to remind everyone that this call may contain forward-looking statements as they are defined under the Private Securities Litigation Reform Act of 1995. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. For discussion of such risks and uncertainties, please see SurgePay's most recent filings with the SEC. All forward-looking statements made today reflect our current expectations only, and we undertake no obligation to update any statement to reflect the events that occur after this call. Copies of today's press release are accessible on SurgePay's investor relations website, ir.surgepay.com. In addition, SurgePay's Forum 10Q for the quarter ended June 30, 2025. We'll also be available on SurgePay's Investor Relations website. I'd now like to turn the call over to President and CEO, Brian Topps. Brian?

Good afternoon, and thank you for joining us. Our second quarter 2025 revenue increased approximately 8.9% sequentially, bringing total revenue for the first half of 2025, to approximately $22.1 million. Subsequent to the second quarter, we saw a strong accelerating momentum across all of our business verticals. Our MV&O operations through LinkUp Mobile and our government subsidized brand Torch Wireless, as well as our MV&E wholesale platform, which offers a full suite of nationwide wireless solutions to third party wireless providers. Our surge pays point of sale prepaid top-ups revenue has spiked upwards as well. Today is less about the past and more about what's happening now and what's ahead. We have visibility on our growth and full confidence in providing revenue guidance of 75 to 90 million for 2025 and 225 to 240 million for 2026. Let me start with the subsidized Lifeline wireless program through our Torch brand, which has scaled significantly. The Lifeline program is a government-subsidized benefit program that provides essential wireless connectivity to those who qualify. While the ramp in activations took about 60 days longer than we anticipated due to regulatory approvals and software platform adjustments, we are now 100% live and activations are steadily increasing daily. After activating 20,000 Lifeline subscribers in June, we acted 57,000 in July and are now projecting to activate 80,000 to 90,000 subscribers, approximately 3,000 per day by September. To put this into perspective, at our highest peak during ACP, we were activating roughly 3,000 per day. With Lifeline, we are approaching that level and have reached it in a significantly shorter period of time. What's even more exciting is that we're still operating well below our full capacity. Many sales channels are still being opened, so we expect continued sales growth. This positions us exceptionally well for the continued growth in the months ahead. During ACP, we made significant investments in infrastructure, and operational efficiencies to support the growth we experienced. When ACP funding ended in June of last year, we immediately repurposed that infrastructure to support Lifeline and our other platforms. We successfully built upon that foundation by adding an exceptionally seasoned team, new technology, additional distribution, and most notably, a direct strategic partnership with AT&T. We signed a multi-year agreement with AT&T in November 2024 and completed full integration, including a network migration and SIM activation rollout on April 1st. This partnership gives us direct access to one of the most reliable networks in the country and positions us to provide back-end telecom infrastructure to MVNOs that don't have a direct carrier relationship. Another key differentiating factor from the ACP days is that we are now uniquely diversified, not only through Lifeline, but also our MB&O prepaid LinkUp platform. We fully launched LinkUp in April, activating approximately 10,000 users. In July, we more than doubled that, surpassing 20,500 activations, driven primarily by expanded retail distribution, targeted marketing, and competitive pricing. The grind of market adoption takes longer on the prepaid side of the wireless business, but we are seeing the expected traction. These drivers are sustainable as we continue opening new doors and building customer loyalty. The heart of this model is our proprietary point of sale software, which not only facilitates transactions, but also drives reoccurring revenue from activations and replenishments right at the convenience store register. It's not just a tool. It's the backbone of our ecosystem and a true competitive advantage. Third-party prepaid wireless top-up revenue is a key indicator of future revenue growth in our other products. In July alone, we generated $4.3 million in top-up revenue and are projecting nearly $5 million in August, putting us at a run rate of over $60 million, assuming no growth. Last year at this time, we were generating approximately $1 million in monthly top-up revenue. This same channel's revenue in July 2025 is now almost four times higher. Our strategic initiatives, including the recent signing of several key new accounts, are expected to drive sustained reoccurring revenue growth. The model is working and the investments are paying off. On the wholesale side, Our MV&E platform is a growing revenue engine with a robust pipeline. As an MV&E, we provide billing, provisioning, SIMs, and eSIMs to other wireless companies. A high-margin model with minimal incremental costs and low overhead. Many MV&Os in the market today are actually sub-MV&Os. We're one of the few with direct carrier access, putting us in a rare and powerful position. To date, we've onboarded three MVNO partners. Collectively, these partners serve thousands of subscribers and they're looking to grow quickly, providing us with a path to scale our platform and reoccurring revenue base. We're also in advanced talks with national convenience store distributors, each with footprints in tens of thousands of community retail store locations. Last quarter, we discussed HT Hackney, which services over 40,000 stores. Hackney is carrying our phone-in-a-box product, which continues to perform well. Phone-in-a-box is our retail-ready grab-and-go solution that enables stores to sell and instantly activate wireless service by scanning it at the registrar. As rollout progresses, each Hackney location becomes part of our extended ecosystem and begins to accept top-up payments for our monthly wireless plans. That means each store transforms into a new activation point for our entire product suite. Our near-term goal is to ramp to 100,000 locations operating on the SurgePace platform, driven by a combination of organic growth and distribution agreements with HT Hackney and other partners. Before I turn the call over to Tony to discuss our results in more detail, I could not be more excited about the future. July was the turning point. We have built a powerful engine that blends technology, innovation, and distribution. Today, we have the products, partnerships, and infrastructure to enter the next phase of high growth. Thank you for your support and belief in our mission. I'll now turn it over to Tony for a detailed review of our Q2 financials. Tony?