EzFill Holdings, Inc. - EZFL STOCK NEWS

EzFill Holdings (NASDAQ: EZFL) has signed a non-binding Letter of Intent to acquire Yoshi Mobility's fuel division, expanding operations into California, Tennessee, Texas, and Michigan. The acquisition will integrate Yoshi's assets and customers into EzFill's infrastructure, marking a significant expansion in the mobile fueling sector. Yoshi Mobility, backed by General Motors Ventures, ExxonMobil, and Bridgestone Americas, will transition its fueling operations to EzFill while focusing on developing mobility solutions. The transaction is expected to close before year-end, subject to definitive agreements and closing conditions.

EzFill Holdings, Inc. (NASDAQ: EZFL), a leader in the mobile fuel industry, has mobilized its fleet to support communities affected by Hurricanes Helene and Milton. The company has been actively providing essential fuel services to nursing homes, first responders, and local residents impacted by the storms over the past two weeks.

EzFill's emergency response team has been filling hundreds of generators and equipment for medical facilities, emergency service providers, and hurricane shelters across the state. They have also prioritized fuel deliveries to first responder vehicles and thousands of local residents. The company is working closely with major generator and equipment suppliers to ensure continuous power supply to critical facilities until utility services are restored.

CEO Yehuda Levy emphasized EzFill's commitment to supporting those in need during times of crisis and pledged to continue assisting in the recovery process.

EzFill Holdings, Inc. (NASDAQ: EZFL), a leader in the mobile fueling industry, has regained compliance with NASDAQ's Listing Rule 5550(b)(1), which requires a minimum stockholders' equity of $2,500,000. This follows a notice of non-compliance received on August 22, 2023. The company achieved compliance through strategic transactions, including:

• A private placement sale of Series B Convertible Preferred Stock
• Exchanging certain debt for common stock
• Exchanging other debt for Series A Preferred Stock

NASDAQ will monitor EzFill's compliance for one year, with potential delisting without a cure period if the company falls out of compliance again.

EzFill Holdings, Inc. (NASDAQ: EZFL), a leader in mobile fueling, has announced strategic transactions to strengthen its financial position and regain Nasdaq compliance. The company has:

1. Converted $13.5 million of debt to equity
2. Received a $1.4 million investment from NextNRG
3. Eliminated nearly all debt, potentially saving $1.2 million in annual interest
4. Issued new preferred stock series

These actions aim to support future growth, profitability, and the potential acquisition of NextNRG. CEO Yehuda Levy and NextNRG CEO Michael D. Farkas expressed optimism about EzFill's market position and growth potential, citing over 100% revenue growth in 2022 and 50% in 2023.

EzFill Holdings, Inc. (NASDAQ: EZFL) reported strong financial results for Q2 2024. Revenue increased 21% year-over-year to $7.4 million, driven by a 16% increase in gallons delivered to 1.84 million. Gross profit rose 14% from the prior year period. The company added 40 new commercial accounts during the quarter. Loss per share improved 6% from $(1.78) to $(1.67). Adjusted EBITDA loss improved by 41% to $(1.1) million.

Key highlights include:
- Average fuel margin per gallon remained steady at $0.60
- Operating expenses decreased due to improved efficiencies
- Interest expense increased to $1.9 million due to higher borrowing
- Cash position at quarter-end was $0.3 million
- Long-term debt stood at $9.8 million

EzFill Holdings, Inc. (NASDAQ: EZFL), a leader in the mobile fuel industry, has announced a 1 for 2.5 reverse stock split effective July 25, 2024. This strategic move aims to regain compliance with Nasdaq's continued listing requirement of maintaining at least $2,500,000 in stockholders' equity. The split will reduce outstanding common stock from approximately 4.97 million to 1.99 million shares, with fractional shares rounded up.

Interim CEO Yehuda Levy emphasized the importance of maintaining Nasdaq listing for enhancing shareholder value, citing the visibility and credibility it provides. This reverse split is a important step in EzFill's efforts to strengthen its market position and financial standing.

EzFill, a leader in the mobile fuel industry, reported preliminary unaudited revenues of approximately $2.6 million for April 2024, marking a 32% increase from the same period last year. The company also announced a 62% rise in gross profits to approximately $236,000. Net losses decreased by $0.5 million, representing a 69% reduction. These improvements were driven by strong growth in the construction equipment, generator, and fleet businesses, along with technological updates enhancing margins. In addition, EzFill added 7 new commercial accounts, including companies in construction, transport, and wholesale grocery. CEO Yehuda Levy credited the company's success to innovation, operational efficiency, and customer support. The financial results are preliminary and subject to adjustment.

EzFill Holdings (NASDAQ: EZFL) reported its Q1 2024 financial results, showing substantial growth and improvements. Revenue increased by 26% to $6.6 million, driven by a 26% rise in gallons delivered, totaling 1.66 million gallons. Gross profit surged by 184% due to higher fuel revenue, increased delivery fees, and driver efficiency. Operating expenses decreased by 32%, contributing to a reduced net loss of $1.9 million, a 19% improvement. Loss per share improved from $(0.70) to $(0.45). The company added 22 new fleet customers and continued to expand in existing and new markets.

EzFill Holdings, Inc. (NASDAQ: EZFL) reports impressive financial results for 2023, showcasing a 54% revenue increase to $23.2 million, a gross profit of $1.3 million, a 63% rise in gallons delivered, and a 44% increase in fuel margin per gallon. The net loss decreased by 40% to $10.5 million. The company added 148 new fleet accounts in 2023, aiming for continued growth and enhanced technology offerings.