EzFill Achieves Another Quarterly Record for Gallons Delivered in Q2 2023, Sixth Consecutive Quarter with Growth

Rhea-AI Summary

EzFill Holdings, Inc. achieved a quarterly record by delivering approximately 1.58 million gallons in Q2 2023, a 20% increase from Q1 2023 and a 100% increase from Q2 2022. The increase was driven by the addition of new fleet accounts, residential and marine marketing efforts, and the launch of a condominium and homeowners association offering.

Positive

• EzFill achieved a quarterly record with a 20% increase in gallons delivered compared to the previous quarter and a 100% increase compared to the same quarter last year. The company's consistent growth in fleet accounts and successful marketing campaigns in the residential and marine sectors contributed to this achievement. The recent launch of a condominium and homeowners association offering is expected to drive further growth in the residential vertical.

Negative

• None.

MIAMI, FL, July 10, 2023 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fuel industry, announced that it delivered approximately 1.58 million gallons during the second quarter of 2023, achieving yet another quarterly record and the sixth consecutive quarter with an increase in gallons delivered. This represents an increase of approximately 20% from the first quarter of 2023 and approximately 100% from the second quarter of 2022. The increase was the result of adding 53 new fleet accounts year to date as well as new residential and marine focused marketing that is starting to show results in new users and orders. The Company continues to add new technology and features to its consumer app combined with its online marketing activities.

Yehuda Levy, co-founder and interim CEO says “I want to congratulate the team on achieving yet another record. The fleet business continues its consistent growth in our locations throughout Florida. Additionally, on the residential and marine side we continue to see the results of our targeted marketing campaigns. Additionally, we recently launched a condominium and homeowners association offering and we believe that signing on condominiums and HOAs will result in additional growth in our residential vertical.”

About EzFill

EzFill is a leader in the fast-growing mobile fuel industry, with the largest market share in its home state of Florida. Its mission is to disrupt the gas station fueling model by providing consumers and businesses with the convenience, safety, and touch-free benefits of on-demand fueling services brought directly to their locations. For commercial and specialty customers, at-site delivery during downtimes enables operators to begin their daily operations with fully fueled vehicles. For more information, visit www.ezfl.com.

With the number of gas stations in the U.S. continuing to decline, corporate giants such as Shell, Exxon, GM, Bridgestone, Enterprise, and Mitsubishi have recognized the increasing shift in consumer behavior and are investing in the fast growing on-demand mobile fueling industry. As the only company to provide fuel delivery in three vertical segments - consumer, commercial, and specialty including marine, we believe EzFill is well positioned to capitalize on the growing demand for convenient and cost-efficient mobile fueling options.

Forward Looking Statements

This press release contains “forward-looking statements” Forward-looking statements reflect our current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements, include, but are not limited to, statements contained in this press release relating to our business strategy, our future operating results and liquidity and capital resources outlook. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward–looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, our ability to raise capital to fund continuing operations; our ability to protect our intellectual property rights; the impact of any infringement actions or other litigation brought against us; competition from other providers and products; our ability to develop and commercialize products and services; changes in government regulation; our ability to complete capital raising transactions; and other factors relating to our industry, our operations and results of operations. Actual results may differ significantly from those anticipated, believed, estimated, expected, intended or planned.

Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We cannot guarantee future results, levels of activity, performance or achievements. The Company assumes no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

Investor and Media Contact:
Telx, Inc.
Paula Luna
Paula@Telxcomputers.com

FAQ

What was EzFill's quarterly gallon delivery in Q2 2023?

EzFill delivered approximately 1.58 million gallons in Q2 2023, achieving a new quarterly record.

What was the percentage increase in gallons delivered compared to Q1 2023?

There was a 20% increase in gallons delivered in Q2 2023 compared to Q1 2023.

What was the percentage increase in gallons delivered compared to Q2 2022?

There was a 100% increase in gallons delivered in Q2 2023 compared to Q2 2022.

What contributed to the increase in gallons delivered?

The increase was driven by the addition of new fleet accounts, successful marketing campaigns in the residential and marine sectors, and the launch of a condominium and homeowners association offering.

What are the expectations for further growth in the residential vertical?

The signing on of condominiums and homeowners associations is expected to drive additional growth in the residential vertical.