Latest news with #NextNRG
Yahoo
23-05-2025
- Business
- Yahoo
Q1 2025 NextNRG Inc Earnings Call
Jeff Ramson; Investor Relations; PCG Advisory Group Michael Farkas; Executive Chairman of the Board, Chief Executive Officer; NextNRG Inc Joel Kleiner; Chief Financial Officer; NextNRG Inc Operator Good day and welcome to the NextNRG first quarter 2025 financial call. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Jeff Ramson, CEO of PCG Advisory. Please go ahead. Jeff Ramson Thank you, operator. Good morning, everyone, and thank you for joining us today. With me are Michael Farkas, CEO of NextNRG; and Joel Kleiner, its CFO. Before we begin, please note that today's call may contain forward-looking statements based on current expectations and assumptions. These are subject to risks and uncertainties, and actual results may differ materially. For a more complete discussion, please refer to our Form 10-Q for the quarter ended March 31, 2025, filed with the SEC. With that, I'll turn the call over to CEO, Michael Farkas. Michael Farkas Thank you, Jeff. Good morning, everyone. The first quarter of 2025 was nothing short of transformational for NextNRG, a true inflection point in our journey. We are not just scaling. We are surging forward with momentum that reflects the strength of our vision and the power of execution. Revenue soared to $16.3 million in Q1 2025, marking a remarkable 146% increase year over year. This explosive growth was fueled by the expansion of our mobile fueling operations and a series of bold strategic acquisitions that are already delivering outsized returns. On the operational front, our delivery volumes rose to over 4.7 million gallons up from 1.7 million gallons in Q1 2024, a staggering 183% increase. This leap underscores the seamless integration of the Shell and Yoshi fleet assets along with the onboarding of major national accounts, including the world's largest e-commerce company, a partnership that speaks volumes about the caliber of our capabilities. Excuse me -- demand of our fueling solutions is not just growing, it's accelerating. To meet it, we've expanded into multiple new states, extending our footprint across the nation. Meanwhile, our technology pipeline is gaining serious transaction. From smart microgrid developments to cutting-edge wireless EV charging, we are laying the digital and physical infrastructure for a distributed, intelligent and sustainable energy future. NextNRG is not just growing. We are defining the future of energy, 1 gallon, 1 watt and 1 breakthrough at a time. Now I'll hand it over to our CFO, Joel Kleiner, for a deeper look at our financials. Joel Kleiner Thank you, Michael. The first quarter of 2025 was a defining chapter in NextNRG's growth story. For the first three months ended March 31, NextNRG generated $16.3 million in revenue, a 146% increase from $6.6 million in Q1 2024. This powerful performance was driven by a triple force of increased fleet volume, strategic pricing initiatives and rapid geographic expansion. Cost of sales rose to $15.8 million, up from $6.1 million in the previous year, resulting in gross profit of approximately $517,000. While gross margins narrowed due to strategic spending on fleet scaling and other expansion costs, initiatives like volume-based discounting and delivery optimization position us for improved margins in the quarters ahead. Operating expenses totaled $6.3 million, the bulk of which $5.5 million was G&A with an additional $733,000 in depreciation and amortization. This brought our loss from operations to $5.8 million, up from $1.9 million in the same period last year, a reflection of our aggressive investment in infrastructure, talent and innovation to support future gains. We also recorded $3.2 million in net and other net expenses, primarily driven by interest on debt financing. This brought our net loss available to common shareholders to $8.9 million or $1.6 per share compared to $2.7 million or $1.48 per share in Q1 2024. Despite these near-term losses, our balance sheet reflects growing strength. We closed the quarter with $2.1 million in cash, a 31% increase from $1.6 million at year-end. Accounts receivables also saw a significant growth, rising to $3.9 million, more than doubling from $1.6 million in Q1 2024, reflecting the strong sales momentum. Additionally, we successfully raised over $50 million in equity financing during the quarter, a strong vote of confidence in our strategy and a critical infusion of capital to fuel our bold national expansion. Back to you, Michael. Michael Farkas Thanks, Joel. As we look ahead, our focus is anchored in five bold growth initiatives that position NextNRG at the forefront of energy innovation. Number one, we're making significant progress on our first smart microgrid deployment in Northern Florida, a major milestone in our vision to create resilient, intelligent energy systems that operate at the edge of the grid. In South Florida, we're developing a cutting-edge wireless EV charging pilot featuring bidirectional capabilities, a glimpse into a future where vehicles aren't just consumers of energy, but active participants in the grid. Number three, our mobile fueling operations are accelerating at full throttle. We're now live in more than a dozen major cities and expanding rapidly, delivering convenience and sustainability at scale. Number four, we're locking new revenue streams by activating SaaS and licensing models tied to our proprietary energy infrastructure technologies. And five, we are finally finalizing a partnership with a seasoned industry financer in the sustainable energy sector. And together, we will secure financing, advance our technology and scale our 1 gigawatt -- over 1 gigawatts of utility microgrid projects in our pipeline. We believe we are uniquely positioned at the nexus of mobile logistics, AI-powered energy infrastructure and clean transportation. Thank you to our employees, partners and shareholders. Your belief in our mission powers everything we do. Operator And at this time we will now begin the question-and-answer session. Jeff Ramson I'm sorry, I was on mute. I'm going to share questions that we received from investors. Michael, where are you with wireless charging? Michael Farkas Great question. As mentioned earlier, we are in the process of deploying and developing a prototype pilot in Southern Florida that for the first time anywhere on the planet is going to incorporate wireless charging and bidirectional capabilities. That's something that we have a patent on, and we're going to be deploying that technology. In addition, because of the needs of certain customers of ours, especially those that are heavily invested in warehouses, logistics, delivery and so on and through conversations with our biggest customer, we see that there's a major need of this technology, not just outside on the streets, but literally in these facilities and not just for passenger vehicles, but for forklifts and robotics and all these types of equipment that are currently being used by these companies. And because of them not being able to be charged wirelessly and in motion, they need a substantial amount more of that equipment in order that once it's charging and offline that they have other equipment operating. And through our technology, certain equipment, these vendors will be able to reduce the amount of -- by [a third and other equipment by a half] and considerably change the entire footprint of these locations. So this technology that we have on the wireless charging side is not just for passenger vehicles and delivery vehicles, but it could really be used. And I believe the biggest beneficiaries are -- it's going to be inside the buildings, inside these manufacturing facilities, inside these logistical centers. So we're very excited about being able to show our technology in that environment as well. Jeff Ramson Another question I have here is, how do you view NextNRG's differentiation versus other mobile fueling or microgrid players in the market? Michael Farkas Excellent question. I think when you understand our business and you look at the EzFill component and you look at our smart microgrid technologies and you look at smart microgrid and you combine all of this together, you really realize that it's a solution that's necessary. There's no other company today that can literally fill your internal combustion engine vehicle at your facility now, assist you with providing charging services for the vehicles that you're using today that may need some wires and then also provide you with wireless charging in the future. But it's not only that. The smart microgrid component allows us to generate that electricity at your location. So you don't have to rely solely upon the grid. So the biggest problem today, and most people don't realize this, for fleets to be able to go ahead and electrify, it's not about getting a charging station anymore. It's not about getting the vehicles. Those are plenty. You get massive of those. The problem today is actually getting the power at these locations to be able to provide the fuel for those vehicles. And the only company today that can really hold your hand and take you through that entire process and assist you in not only producing the energy for your vehicles, but for your entire facility. That's what having all of these different components of our business allows us to do. We could fill your vehicle today with EzFill. We could charge your vehicle today using typical means. In the future, we'll be able to use wireless charging. And at the same time, we'll be able to power your facility store the energy there and then allow that energy to be used not only for your fleets and for mobility, but literally for your electronics, for your air conditioning, for your computers, for your robotics. That really separates us from every other single player out there. There's no one that has these capabilities internally. And more importantly, nobody has the technology, the IT and the patents that we do that allow us to provide these services. Jeff Ramson Great. One other question. So can you talk about AI-powered energy infrastructure and maybe some examples of how it's being implemented? Michael Farkas Yes. Okay. So when you're looking at a broad-based grid scale deployment of AI, it really hasn't been done except for one place, which is Florida Power Light. The technology that was developed in that $850 million Department of Energy collaboration between NextNRG, Florida Power Light, FIU, which is the university that we got the technology from and the Department of Energy, that really was the first implementation of AI and machine learning broad-based deployment throughout the utility grid. And what happened was that technology took FPL from being one of the worst performing utilities in the United States to literally the most efficient in the world. And all of that technology that was developed under that program ultimately is now ours. We licensed -- we acquired a company that licensed all of that technology. There was a portfolio of patents, four of them pertain to smart microgrid and utility operating system technologies and three of them were focused on wireless EV charging. It's very important to note that on our utility operating system technology, that's really where you see the deployment of AI throughout the grid. The efficiencies that Florida Power Light receives now allowed them in 2024 to reduce the cost of electricity to their consumers twice. No other utility in the world was able to do that. And really, what this technology does is it allows utility grids to better predict what actual demand is going to be. The way utility grid works today is there's supply and demand, and they always need to create way more supply than demand requires because it's not, if there's ever a spike, that's when you have brownouts and blackouts and issues that you see in Puerto Rico and what we saw in Europe the last couple of weeks. So what our technology does, it's able to monitor and understand and predict what that actual demand is going to be. And then we're able to supply the right amount of electricity for that. You're talking savings 10%, 12%, 15% and even 17%. These are massive, massive savings. And it's very, very, very beneficial for utilities to implement this technology. No one has done it besides FPL. Our role now after gaining control of this technology is to allow and assist other utilities to deploy that exact same technology. Jeff Ramson Got it. Okay. Great. I don't have any other questions here, Michael. Operator This concludes our question-and-answer session. I would like to turn the conference back over to Michael Farkas for any closing remarks. Michael Farkas Yes, it was a pleasure. Keep on focusing on looking at what we're doing. Every day, we're having additional developments. We're at really an amazing point in the business. We're starting to really see a major convergence between all of these different services. There are many, many fleet operators out there, hundreds of millions of vehicles globally that need services that we provide. And little by little, we're getting that traction, and we believe that we're going to make a big impact in the energy markets globally. Thank you. Operator The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.
Yahoo
21-05-2025
- Business
- Yahoo
NextNRG Reports Q1 2025 Revenues up 147% Year-over-Year
Triple-Digit Growth Highlights Execution of Integrated Energy Infrastructure Strategy Q1 2025 Conference Call Scheduled for May 22, 2025 at 9:15 AM ET MIAMI, May 21, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation—transforming how energy is produced, managed and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging and on-demand mobile fuel delivery solutions— today announced financial results for the first quarter ended March 31, 2025, and provided a strategic update on its technology roadmap and growth trajectory. The Company will host a conference call to discuss these results on May 22, 2025 at 9:15 AM ET. Dial-in details are as follows: North America Toll-Free: 1-866-524-3160 International: 1-412-317-6760 Canada Toll-Free: 1-866-605-3852 Webcast URL: Selected Financial & Operational Highlights Metric Q1 2025 (unaudited) Q1 2024 (unaudited) Revenue $16.3M $6.6M Gross Profit $518K $462K 'We entered 2025 with tremendous momentum and a clear roadmap to scale, and Q1 results are a reflection of that execution,' said Michael D. Farkas, CEO of NextNRG. 'With triple-digit revenue growth, record-setting fuel volumes, and expanding margins, our core operations continue to exceed expectations. At the same time, we are advancing the next phase of our integrated energy strategy, with smart microgrid deployments and wireless EV charging programs progressing toward commercial launch. We believe our hybrid platform—combining traditional fueling, electrification, and AI-driven grid intelligence—represents the future of distributed energy,' Farkas added. 'As we continue executing on this vision, we are building an ecosystem capable of delivering reliable, intelligent, and sustainable infrastructure at national scale laying the foundation for enormous long-term SaaS-based recurring revenue streams.' Recent Accomplishments Strong April Momentum Across Key Metrics: Preliminary April 2025 revenue reached $5.82 million, up 154% year-over-year. Volume increased 207%, underscoring sustained demand across multiple regions. Commercial Enterprise Expansion: Extended key existing relationships into Texas using a dedicated fleet portal for operational oversight, increasing engagement from enterprise clients seeking scalable site-level energy solutions. Oklahoma Market Entry: Expanded footprint into a seventh operational state under a long-term agreement with one of the country's largest in-house fleet operators. Network Reach Strengthened: Grew national deployment capacity to 144 active vehicles servicing major logistics corridors across metro regions including California, Michigan, Tennessee, and the Southeastern U.S. Q1 2025 Strategic and Operational Highlights Corporate Rebrand and Capital Formation: Completed $15 million public offering and corporate rebrand to NextNRG. Utility OS Rollout Underway: Initiated deployment of NextNRG's AI-powered Utility Operating System to optimize microgrid efficiency, automate fleet energy delivery, and enable real-time energy management across new infrastructure projects. Smart Microgrids: On track to begin utility-scale microgrid deployment in Northern Florida in Q2 2025. EV Innovation: Planning launch of the largest bidirectional wireless EV charging pilot in Southern Florida later this year. Infrastructure Expansion with Strategic Acquisitions: Completed the Shell Oil mobile fleet acquisition and integration of Yoshi Mobility assets, boosting logistics capacity and infrastructure access. Geographic Growth in Four New Markets: Entered Phoenix, Austin, San Antonio, and Houston, furthering national service availability and support for new utility and municipal customers. Commercial Channel Maturation: Executed logistics support agreements with major national brands, reinforcing recurring delivery demand and infrastructure reliability. Fleet Partnerships: Initiated deliveries to the world's largest e-commerce company under a multi-year agreement, significantly expanding the Company's B2B revenue base. First Quarter 2025 Performance Revenue reached $16.3 million, a 147% increase from $6.6 million in Q1 2024. Gallons delivered totaled 4.7 million, up 183% from 1.7 million in the prior-year quarter. Average fuel margin per gallon expanded to $0.71, compared to $0.65 in Q1 2024. Gross profit rose to $518,000, a 12% increase from $462,000 in the same period last year. Ended the quarter with $2.1 million in cash, a 31% year-over-year increase. Looking Ahead: Scaling the Energy Intelligence Grid NextNRG is focused on expanding its integrated platform across three infrastructure-aligned revenue streams: Utility Operating System and Smart Microgrids: Deploying AI-driven grid management software and battery/solar microgrid systems through SaaS and power purchase agreements. Wireless EV Charging: Advancing from R&D to commercial pilots with property owners, CPOs, and municipalities. Mobile Energy Logistics: Scaling across sectors with centralized scheduling and recurring site-level optimization. About NextNRG, Inc. (NextNRG) is Powering What's Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging and on-demand mobile fuel delivery to create an integrated ecosystem. At the core of NextNRG's strategy is its Utility Operating System, which leverages AI and ML to help make existing utilities' energy management as efficient as possible, and the deployment of NextNRG smart microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities and government properties, expanding energy accessibility while supporting decarbonization initiatives. NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility's fuel division and Shell Oil's trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV, supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG's innovative wireless EV charging solutions. To find out more visit: Forward-Looking StatementsThis press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG's goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as "expect," "intends," "will," and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG's business and macroeconomic and geopolitical events. These and other risks are described in NextNRG's filings with the Securities and Exchange Commission from time to time. NextNRG's forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG's forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements. Investor Relations ContactNextNRG, CohenSCohen@
Yahoo
31-03-2025
- Business
- Yahoo
NextNRG Reports Strong Fourth Quarter and Full Year 2024 Financial Results
Stronger Revenue, Improved Margins, and Expanded Volumes — FY 2024 Revenue Increased 20% to $27.8 Million from $23.2 Million in 2023 —— FY 2024 Gross Profit Grew 64% to $2.3 Million, Up from $1.4 Million in 2023 — — Q4 2024 Revenue Increased 21% to $6.9 Million from $5.7 Million in Q4 2023 —— Q4 2024 Gross Profit Grew 97% to $652 Thousand, Up from $330 Thousand in Q4 2023 —MIAMI, March 27, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (NASDAQ: NXXT), a pioneer in AI-driven energy innovation—transforming how energy is produced, managed, and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging, and on-demand mobile fuel delivery solutions— today reported financial results for the fourth quarter and fiscal year ended December 31, 2024, and provided a strategic update on its key growth initiatives. The Company will hold a conference call to discuss its fourth quarter and full year 2024 financial results on March 31st at 4:30 pm ET. Dial in and webcast details are below. Selected Financial & Operational Highlights Metric Q4 2024(unaudited) Q4 2023(unaudited) FY 2024 FY 2023 Revenue $6.9M $5.7M $27.8M $23.2M Gross Profit $652K $330K $2.3M $1.4M 'We entered 2024 with the clear goal of laying the groundwork for long-term growth—and we believe we delivered on that vision,' said Michael D. Farkas, CEO of NextNRG. 'Through enhanced operating efficiency and higher-margin fuel delivery, we increased revenues by 20%, expanded gross profit, while investing in transformative technologies. Our pipeline in microgrids and EV infrastructure is larger than ever, and we believe we are just beginning to unlock the full value of our platform. Additionally, our expanding footprint in mobile fueling is set to open significant opportunities to convert these fleets to electric, aligning with our commitment to sustainable energy solutions' Strategic and Operational Milestones Corporate Rebranding: Completed transition from EzFill Holdings to NextNRG, Inc. in Q1 2025, aligning with the Company's expanded clean energy vision. Fueling Platform Growth: Delivered 7.2 million gallons in 2024 (+22% YOY), supported by 140 operational trucks across six states. Smart Microgrid Pipeline: Company expects to put out guidance on expanded microgrid pipeline in the next quarter. EV Innovation: Advanced static and dynamic wireless EV charging solutions (grid to vehicle and vehicle to grid capabilities) through exclusive technology licenses from Florida International University. Capital Raise: Completed $15 million public offering in February 2025 to support scale and strengthen the balance sheet. Fiscal Year 2024 Financial Highlights Revenue increased 20% year-over-year to $27.8 million, compared to $23.2 million in 2023, driven by volume growth and improved fuel margin. Gross profit rose to approximately $2.3 million, a 44% increase from the prior year. Cash balance at year-end was $438,299, up from $226,985 at the end of 2023. Fourth Quarter 2024 Performance Revenue for Q4 2024 totaled $6.9 million, an increase of 21% compared to $5.7 million in Q4 2023, driven by higher fuel volumes and improved margin per gallon. Gallons delivered during the quarter rose to 1.8 million, up from 1.5 million in the prior-year period, reflecting new fleet accounts and increased market penetration. Average fuel margin per gallon expanded to $0.71, compared to $0.65 in Q4 2023, reflecting a continued focus on pricing optimization and operational discipline. Gross profit for the quarter more than doubled year-over-year to $652,000, compared to $330,000 in Q4 2023. Looking Ahead NextNRG enters 2025 with a clear mandate: to scale its AI/ML-powered energy solutions through a combination of SaaS contracts, infrastructure deployment, and recurring mobile fueling revenue. The Company is targeting sustainable long-term growth across multiple verticals. 'We believe NextNRG's integrated platform—combining mobile fueling, wireless EV charging, and AI-optimized Utility Operating System and smart microgrids—is uniquely positioned to power the distributed energy future.' Teleconference and Webcast Information To participate, domestic callers may dial 1-866-524-3160 and international callers may dial 1-412-317-6760 at least 10 minutes prior to the start of the call and ask to join the NextNRG call. A simultaneous webcast of the call may be accessed here: A replay of the call will be available at 1-877-344-7529 or 1-412-317-0088, access code 1610449, through April 7, 2025. The call will also be available for replay on the Company's website at About NextNRG, Inc. NextNRG Inc. (NextNRG) is Powering What's Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging, and on-demand mobile fuel delivery to create an integrated ecosystem. At the core of NextNRG's strategy is its Utility Operating System which leverages AI and ML to help make existing utilities' energy management as efficient as possible; and the deployment of NextNRG Smart Microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs, and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities, and government properties, expanding energy accessibility while supporting decarbonization initiatives. NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility's fuel division and Shell Oil's trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG's innovative wireless EV charging solutions. To find out more visit: Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG's goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as "expect," "intends," "will," and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG's business and macroeconomic and geopolitical events. These and other risks are described in NextNRG's filings with the Securities and Exchange Commission from time to time. NextNRG's forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG's forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements. Investor Relations Contact NextNRG, CohenSCohen@ in to access your portfolio
Yahoo
31-03-2025
- Business
- Yahoo
PRISM MarketView Highlights NextNRG Following Estimated 139% Year-over-Year Revenue Growth in February 2025
Second Consecutive Month of Record Performance for EzFill Mobile Fueling Division; Conference Call to Discuss Full-Year 2024 Results Scheduled for Today at 4:30 PM ET NextNRG NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- PRISM MarketView today announced the spotlighting of NextNRG, Inc. (Nasdaq: NXXT) on its platform, following the Company's report of estimated 139% year-over-year revenue growth for February 2025. This marks the second consecutive month of record performance for the Company's EzFill mobile fueling division, which continues to drive momentum across its AI-powered energy solutions. According to unaudited results, February revenue reached approximately $5.09 million, despite fewer operating days than January. Fuel volumes surged to approximately 1.44 million gallons, a 166% increase compared to the same month last year. This PRISM update follows the Company's recent announcement of full-year 2024 revenue growth of 20% to $27.8 million, with gross profit up 64% year-over-year to $2.3 million. Fourth quarter revenue rose to $6.9 million, with gross profit nearly doubling to $652,000. In the article, Michael D. Farkas, Founder and CEO of NextNRG, emphasized the company's recent momentum and strategic growth, stating: 'We believe our back-to-back record months underscore the power of our growing platform and the momentum we've built through strategic expansion. The successful integration of the Shell Oil fleet and our long-term agreement with a global e-commerce leader are now fueling real, measurable growth. As we scale with continued discipline, demand from fleet partners continues to rise, validating our model and vision for the future. With EzFill's on-demand fueling operating efficiently and NextNRG's smart energy infrastructure, we are positioned to lead the transformation of how energy is delivered in a connected, AI-driven world.' As the Company continues to scale, it plans to accelerate growth across mobile fueling, AI-optimized microgrids, and wireless EV charging, supported by new SaaS contracts and infrastructure deployment initiatives. Read the full feature on PRISM MarketView: A conference call to discuss full-year 2024 financial results is scheduled for today, Monday, March 31, 2025 at 4:30 PM ET. To find out more about NextNRG, read the latest Q&A HERE A conference call to discuss NextNRG's full-year 2024 results is scheduled for Monday, March 31, 2025, at 4:30 PM ET. About NextNRG, Inc. (NextNRG) is Powering What's Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging, and on-demand mobile fuel delivery to create an integrated ecosystem. At the core of NextNRG's strategy is its Utility Operating System which leverages AI and ML to help make existing utilities' energy management as efficient as possible; and the deployment of NextNRG Smart Microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs, and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities, and government properties, expanding energy accessibility while supporting decarbonization initiatives. NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility's fuel division and Shell Oil's trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG's innovative wireless EV charging solutions. To find out more visit: About PRISM MarketView Established in 2020, PRISM MarketView is dedicated to the monitoring and analysis of small cap stocks in burgeoning sectors. We deliver up-to-the-minute financial market news, provide comprehensive investor tools and foster a dynamic investor community. Central to our offerings are proprietary indexes that observe emerging sectors, including biotech, clean energy, next-generation tech, medical devices and beyond. Visit us at and follow us on X. PRISM MarketView does not provide investment advice. Forward-Looking StatementsThis press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG's goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as "expect," "intends," "will," and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG's business and macroeconomic and geopolitical events. These and other risks are described in NextNRG's filings with the Securities and Exchange Commission from time to time. NextNRG's forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG's forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements. DisclaimerThis communication was produced by PRISM MarketView, an affiliate of PCG Advisory Inc., (together "PCG"). PCG is not a registered or licensed broker-dealer nor investment adviser. No information contained in this communication constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. PCG may be compensated by respective clients for publicizing information relating to its clients' securities. See Contact:PRISM MarketViewinfo@ A photo accompanying this announcement is available at in to access your portfolio
Reuters
31-03-2025
- Business
- Reuters
NextNRG Announces Estimated 139% Year-over-Year Revenue Growth for February 2025
NEW YORK, NY, March 31, 2025 (EZ Newswire) -- Following the release of its fourth quarter and full-year 2024 financial results, NextNRG, Inc. (NASDAQ: NXXT)—a pioneer in AI-driven energy innovation, transforming how energy is produced, managed, and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging, and on-demand mobile fuel delivery solutions—has reported another month of record performance. The company continues to demonstrate momentum across its smart fueling operations and broader platform of next-generation energy solutions. In February 2025, NextNRG reported unaudited revenue of approximately $5.09 million, a 139 percent increase over February 2024 and a sequential increase from January, despite fewer operating days. Fuel volumes rose to approximately 1.44 million gallons, up 166 percent year-over-year. The performance marks the second consecutive month of record revenue for the company's EzFill mobile fueling division. Recently, NextNRG also reported a 20 percent increase in full-year 2024 revenue to $27.8 million, up from $23.2 million in 2023. Gross profit for the year grew 64 percent to $2.3 million. Fourth quarter revenue rose 21 percent year-over-year to $6.9 million, while gross profit nearly doubled to $652,000. Growth was driven by increased fuel volume, higher-margin delivery operations, and improved pricing discipline. 'We believe our back-to-back record months underscore the power of our growing platform and the momentum we've built through strategic expansion. The successful integration of the Shell Oil fleet and our long-term agreement with a global e-commerce leader are now fueling real, measurable growth. As we scale with continued discipline, demand from fleet partners continues to rise, validating our model and vision for the future. With EzFill's on-demand fueling operating efficiently and NextNRG's smart energy infrastructure, we are positioned to lead the transformation of how energy is delivered in a connected, AI-driven world,' said Michael D. Farkas, founder and CEO of NextNRG. As the Company looks ahead to the remainder of 2025, it plans to accelerate its expansion across key verticals including mobile fueling, AI-optimized microgrids, and wireless EV charging. New SaaS contracts and infrastructure deployment initiatives are expected to support recurring revenue growth and long-term scalability. To find out more about NextNRG, read the latest Q&A here. A conference call to discuss NextNRG's full-year 2024 results is scheduled for Monday, March 31, 2025, at 4:30 PM ET. About NextNRG NextNRG, Inc. (NASDAQ: NXXT) is Powering What's Next by implementing artificial intelligence (AI) and machine learning (ML) into renewable energy, next-generation energy infrastructure, battery storage, wireless electric vehicle (EV) charging, and on-demand mobile fuel delivery to create an integrated ecosystem. At the core of NextNRG's strategy is its Utility Operating System which leverages AI and ML to help make existing utilities' energy management as efficient as possible; and the deployment of NextNRG Smart Microgrids, which utilize AI-driven energy management alongside solar power and battery storage to enhance energy efficiency, reduce costs, and improve grid resiliency. These microgrids are designed to serve commercial properties, schools, hospitals, nursing homes, parking garages, rural and tribal lands, recreational facilities, and government properties, expanding energy accessibility while supporting decarbonization initiatives. NextNRG continues to expand its growing fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility's fuel division and Shell Oil's trucks, further solidifying its position as a leader in the on-demand fueling industry. NextNRG is also integrating sustainable energy solutions into its mobile fueling operations. The company hopes to be an integral part of assisting its fleet customers in their transition to EV supporting more efficient fuel delivery while advancing clean energy adoption. The transition process is expected to include the deployment of NextNRG's innovative wireless EV charging solutions. To find out more visit: Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement describing NextNRG's goals, expectations, financial or other projections, intentions, or beliefs is a forward-looking statement and should be considered an at-risk statement. Words such as "expect," "intends," "will," and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, including, but not limited to, those related to NextNRG's business and macroeconomic and geopolitical events. These and other risks are described in NextNRG's filings with the Securities and Exchange Commission from time to time. NextNRG's forward-looking statements involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although NextNRG's forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by NextNRG. Except as required by law, NextNRG undertakes no obligation to update any forward-looking statements for any reason. As a result, you are cautioned not to rely on these forward-looking statements. Disclaimer This communication was produced by PRISM MarketView, an affiliate of PCG Advisory Inc., (together "PCG"). PCG is not a registered or licensed broker-dealer nor investment adviser. No information contained in this communication constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. PCG may be compensated by respective clients for publicizing information relating to its clients' securities. See Media Contact ### SOURCE: NextNRG Copyright 2025 EZ Newswire
