EzFill Holdings, Inc. - EZFL STOCK NEWS

EzFill Holdings reported a 102% revenue increase to $7.2 million for 2021 and a 77% rise in Q4 revenue to $2.0 million. The company posted a net loss of $(9.4 million) for 2021, slightly worse than $(7.3 million) in 2020. Notably, EzFill's cash position improved significantly to $16.9 million, attributed to its IPO and reduced debt. The company also signed an agreement to acquire Full Service Fueling Inc., enhancing expansion efforts. As of year-end 2021, 33 new fuel trucks were purchased, aiming to triple delivery fleet capacity.

EzFill Holdings, Inc. (NASDAQ: EZFL) has announced its first post-IPO acquisition by acquiring the assets of Full Service Fueling Inc. in West Palm Beach, Florida. This strategic move allows EzFill to expand its mobile fuel delivery services beyond the Miami area to cities like Tampa and West Palm Beach starting March 2022. With the acquisition, EzFill will enhance its fleet by purchasing 33 new fuel trucks, significantly growing its delivery capacity. The deal includes an operational agreement with Palmdale Oil Company for fuel supply, ensuring preferred pricing and additional support.

EzFill Holdings (Nasdaq: EZFL) will release its 2021 fourth quarter and full year financial results after market close on March 3, 2022. A conference call is scheduled for the same day at 5:00 p.m. ET to discuss these results. EzFill is prominent in the mobile fuel industry with substantial market share in Florida, aiming to transform fueling services through convenience and safety. Interested parties can join the call or access it via webcast, with a replay available until March 10, 2022.

EzFill Holdings (NASDAQ: EZFL), a leading mobile fueling provider in Florida, has entered an exclusive agreement to service Brickell Place Marina. The deal allows EzFill to regularly deliver fuel to over 200 marina customers through the EzFill App. This move capitalizes on the declining number of gas stations and growing demand for on-demand fueling, positioning EzFill as a key player in the mobile fueling industry.

EzFill Holdings, Inc. (NASDAQ: EZFL) has signed a new partnership with Monsignor Edward Pace High School in Miami, Florida, to provide mobile fueling services for the school's fleet of buses and staff vehicles. This agreement aims to reduce the stress of refueling for school staff, especially amid health concerns related to the COVID-19 pandemic. EzFill is positioning itself as a leader in the on-demand mobile fueling industry, with plans to expand partnerships with educational institutions, driving efficiency and convenience for its users.

EzFill Holdings (NASDAQ: EZFL) has signed a fleet agreement with Floridian Clinical Research in Miami Lakes, Florida, expanding its mobile fueling services. This partnership will allow EzFill to regularly service the research facility's delivery and transport vehicles, enhancing operational efficiency. With declining gasoline stations in the U.S., EzFill aims to capitalize on the growing demand for convenient fueling solutions. The company’s mobile service enables clients to avoid gas stations while ensuring safety and convenience, especially in light of COVID-19.

EzFill Holdings has appointed Michael DeVoe as the new Chief Operating Officer, following the resignation of Cheryl Hanrehan. DeVoe brings over 25 years of experience in operations and logistics from his prior roles at Atlas Oil and Paraco Gas. The company aims to capitalize on the mobile fuel delivery market, valued at approximately $500 billion, and enhance its service offerings in Florida. EzFill emphasizes its mission to disrupt traditional fueling models by providing safe, convenient, and on-demand fueling services to consumers and businesses.

EzFill Holdings has announced a partnership with AMS Energy Technologies to test Portable Aboveground Gas Stations (PAGS) in Florida. This initiative aims to enhance operational efficiency by allowing faster refueling of delivery vehicles, which could increase service capacity. The PAGS can be installed quickly and cost-effectively, potentially setting a precedent for national expansion. The LOI outlines that manufacturing will begin in 90 days, with an evaluation period afterward to assess performance. EzFill currently leads the on-demand fuel delivery market in Florida.

EzFill Holdings, Inc. (NASDAQ: EZFL), a leader in the on-demand mobile fuel industry, will exhibit at the South Florida Build Expo on January 5-6, 2022, at the Miami Beach Convention Center. This event is anticipated to attract nearly 2,000 professionals from the commercial construction sector. CEO Mike McConnell highlighted the importance of reconnecting with industry leaders post-COVID, emphasizing EzFill's role in fueling fleets, heavy machinery, and generators. The company is the largest mobile fuel delivery provider in Florida, offering services to consumer, commercial, and specialty sectors.