NextNRG Reports Strong Fourth Quarter and Full Year 2024 Financial Results
NextNRG (NASDAQ: NXXT) reported strong financial results for Q4 and FY 2024. The company achieved a 20% year-over-year revenue increase to $27.8 million in FY 2024, up from $23.2 million in 2023. Gross profit grew 64% to $2.3 million.
Q4 2024 performance showed significant growth with revenue increasing 21% to $6.9 million and gross profit growing 97% to $652,000. The company delivered 7.2 million gallons in 2024 (+22% YOY) through 140 operational trucks across six states.
Key developments include a corporate rebranding from EzFill Holdings to NextNRG in Q1 2025, advancement in wireless EV charging solutions, and a $15 million public offering completed in February 2025. The company's average fuel margin per gallon expanded to $0.71 in Q4 2024, up from $0.65 in Q4 2023.
NextNRG (NASDAQ: NXXT) ha riportato risultati finanziari solidi per il quarto trimestre e l'anno fiscale 2024. L'azienda ha registrato un aumento del fatturato del 20% anno su anno, raggiungendo i 27,8 milioni di dollari nell'anno fiscale 2024, rispetto ai 23,2 milioni del 2023. Il profitto lordo è cresciuto del 64%, arrivando a 2,3 milioni di dollari.
Le performance del quarto trimestre 2024 hanno mostrato una crescita significativa, con un fatturato in aumento del 21% a 6,9 milioni di dollari e un profitto lordo in crescita del 97% a 652.000 dollari. L'azienda ha consegnato 7,2 milioni di galloni nel 2024 (+22% anno su anno) attraverso 140 camion operativi in sei stati.
I principali sviluppi includono un rebranding aziendale da EzFill Holdings a NextNRG nel primo trimestre del 2025, progressi nelle soluzioni di ricarica wireless per veicoli elettrici e un'offerta pubblica di 15 milioni di dollari completata a febbraio 2025. Il margine medio di carburante per gallone dell'azienda è aumentato a 0,71 dollari nel quarto trimestre 2024, rispetto ai 0,65 dollari nel quarto trimestre 2023.
NextNRG (NASDAQ: NXXT) reportó resultados financieros sólidos para el cuarto trimestre y el año fiscal 2024. La compañía logró un aumento del 20% en los ingresos interanuales, alcanzando los 27,8 millones de dólares en el año fiscal 2024, en comparación con los 23,2 millones en 2023. La ganancia bruta creció un 64%, alcanzando los 2,3 millones de dólares.
El desempeño del cuarto trimestre de 2024 mostró un crecimiento significativo, con ingresos en aumento del 21% a 6,9 millones de dólares y una ganancia bruta en crecimiento del 97% a 652,000 dólares. La compañía entregó 7,2 millones de galones en 2024 (+22% interanual) a través de 140 camiones operativos en seis estados.
Los desarrollos clave incluyen un cambio de marca corporativa de EzFill Holdings a NextNRG en el primer trimestre de 2025, avances en soluciones de carga inalámbrica para vehículos eléctricos y una oferta pública de 15 millones de dólares completada en febrero de 2025. El margen promedio de combustible por galón de la empresa se amplió a 0,71 dólares en el cuarto trimestre de 2024, frente a 0,65 dólares en el cuarto trimestre de 2023.
NextNRG (NASDAQ: NXXT)는 2024년 4분기 및 회계연도에 대한 강력한 재무 결과를 보고했습니다. 이 회사는 2024 회계연도에 전년 대비 20%의 수익 증가를 달성하여 2,780만 달러에 도달했으며, 이는 2023년의 2,320만 달러에서 증가한 수치입니다. 총 이익은 64% 증가하여 230만 달러에 이르렀습니다.
2024년 4분기 성과는 수익이 21% 증가하여 690만 달러에 이르고, 총 이익이 97% 증가하여 65만 2천 달러에 이르는 등 상당한 성장을 보여주었습니다. 이 회사는 2024년에 720만 갤런을 배송했으며 (+22% 전년 대비), 6개 주에서 140대의 운영 트럭을 통해 이루어졌습니다.
주요 발전 사항으로는 2025년 1분기에 EzFill Holdings에서 NextNRG로의 기업 리브랜딩, 무선 전기차 충전 솔루션의 발전, 그리고 2025년 2월에 완료된 1,500만 달러의 공공 제공이 포함됩니다. 회사의 갤런당 평균 연료 마진은 2024년 4분기에 0.71달러로 확대되었으며, 이는 2023년 4분기의 0.65달러에서 증가한 수치입니다.
NextNRG (NASDAQ: NXXT) a annoncé de solides résultats financiers pour le quatrième trimestre et l'exercice 2024. La société a enregistré une augmentation de 20% des revenus par rapport à l'année précédente, atteignant 27,8 millions de dollars pour l'exercice 2024, contre 23,2 millions de dollars en 2023. Le bénéfice brut a augmenté de 64%, atteignant 2,3 millions de dollars.
Les performances du quatrième trimestre 2024 ont montré une croissance significative, avec des revenus en hausse de 21% à 6,9 millions de dollars et un bénéfice brut en hausse de 97% à 652 000 dollars. L'entreprise a livré 7,2 millions de gallons en 2024 (+22% par rapport à l'année précédente) grâce à 140 camions opérationnels dans six États.
Les développements clés incluent un rebranding de l'entreprise d'EzFill Holdings à NextNRG au premier trimestre 2025, des avancées dans les solutions de recharge sans fil pour véhicules électriques et une offre publique de 15 millions de dollars réalisée en février 2025. La marge moyenne de carburant par gallon de l'entreprise a augmenté à 0,71 dollar au quatrième trimestre 2024, contre 0,65 dollar au quatrième trimestre 2023.
NextNRG (NASDAQ: NXXT) hat starke Finanzzahlen für das vierte Quartal und das Geschäftsjahr 2024 gemeldet. Das Unternehmen erzielte einen Umsatzanstieg von 20% im Jahresvergleich auf 27,8 Millionen Dollar im Geschäftsjahr 2024, im Vergleich zu 23,2 Millionen Dollar im Jahr 2023. Der Bruttogewinn wuchs um 64% auf 2,3 Millionen Dollar.
Die Leistung im vierten Quartal 2024 zeigte ein signifikantes Wachstum, wobei der Umsatz um 21% auf 6,9 Millionen Dollar stieg und der Bruttogewinn um 97% auf 652.000 Dollar wuchs. Das Unternehmen lieferte 7,2 Millionen Gallonen im Jahr 2024 (+22% im Jahresvergleich) durch 140 betriebsbereite Lkw in sechs Bundesstaaten.
Wichtige Entwicklungen umfassen ein Unternehmensrebranding von EzFill Holdings zu NextNRG im ersten Quartal 2025, Fortschritte bei drahtlosen EV-Ladelösungen und ein öffentliches Angebot von 15 Millionen Dollar, das im Februar 2025 abgeschlossen wurde. Die durchschnittliche Kraftstoffmarge pro Gallone des Unternehmens erweiterte sich im vierten Quartal 2024 auf 0,71 Dollar, verglichen mit 0,65 Dollar im vierten Quartal 2023.
- Revenue grew 20% YoY to $27.8M in FY 2024
- Gross profit increased 64% to $2.3M in FY 2024
- Q4 2024 gross profit nearly doubled (+97%) to $652K
- Fuel delivery volume up 22% to 7.2M gallons in 2024
- Improved fuel margin per gallon from $0.65 to $0.71 in Q4
- Successfully raised $15M through public offering
- Cash balance improved to $438,299 from $226,985 YoY
- Low cash balance of $438,299 despite growth
- Required additional capital raise through public offering
Insights
NextNRG's Q4 and FY 2024 results demonstrate robust financial improvement across all key metrics. The 20% annual revenue growth to
Particularly impressive is the 97% Q4 gross profit growth, reflecting accelerating momentum in the company's operational efficiency. The fuel margin expansion to
The
The strategic pivot toward higher-margin energy solutions through microgrids and EV charging infrastructure represents a thoughtful diversification beyond the core mobile fueling business. The 22% volume growth in fuel delivery (7.2 million gallons) establishes a strong recurring revenue foundation as the company develops its more advanced energy offerings.
NextNRG is effectively positioning itself at the convergence of traditional energy delivery and next-generation distributed energy systems. Their rebranding from EzFill to NextNRG signals a strategic pivot toward becoming an integrated energy solutions provider rather than merely a mobile fueling company.
The company's multi-layered approach combines immediate revenue generation from mobile fueling while developing higher-value technology assets in microgrids and wireless EV charging. This dual-track strategy provides financial stability through the transition to advanced energy systems.
The AI-driven Utility Operating System represents a particularly valuable intellectual property asset, potentially allowing NextNRG to establish a commanding position in energy optimization. Their exclusive technology licenses from Florida International University for wireless EV charging (both static and dynamic) could provide significant competitive advantages as EV adoption accelerates.
The expanded operational footprint across six states with 140 trucks creates valuable infrastructure that can be leveraged for future EV charging networks. The company's stated intention to convert their fuel delivery clients to electric solutions demonstrates a coherent transition strategy that preserves customer relationships while evolving the service offering.
NextNRG's approach mirrors successful energy transition models where established energy players leverage existing customer relationships to introduce innovative solutions, potentially positioning them to capture significant market share in the rapidly evolving distributed energy landscape.
Stronger Revenue, Improved Margins, and Expanded Volumes
— FY 2024 Revenue Increased
— FY 2024 Gross Profit Grew
— Q4 2024 Revenue Increased
— Q4 2024 Gross Profit Grew
Conference Call Scheduled March 31st at 4:30 PM ET
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 | ||||
| Gross Profit | ||||
“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
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 , a44% 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 of21% 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: https://event.choruscall.com/mediaframe/webcast.html?webcastid=YHcg0e4d
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 www.nextnrg.com.
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: www.nextnrg.com
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, Inc.
Sharon Cohen
SCohen@nextnrg.com
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