Mobility solutions leader sharpens focus on EV charging solutions, virtual vehicle inspections, and on-site preventative maintenanceNASHVILLE, Tenn., Nov. 4, 2024 /PRNewswire/ -- Today Yoshi Mobility, the leading tech-enabled mobility solutions company, announced a strategic move to spin off its fuel division as part of its renewed commitment to sustainability and an electric future. The company has entered into a letter of intent agreeing to sell its fleet fueling operation to EZFill Holdings (NASDAQ: EZFL ...

MIAMI, FL, Sept. 03, 2024 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. ("EzFill") or the "Company") (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fueling industry, today announced that it has regained compliance with Listing Rule 5550(b)(1) which requires a minimum stockholders' equity of $2,500,000. As previously disclosed, on August 22, 2023, EzFill received a letter from the listing qualifications department staff of Nasdaq notifying the Company that the stockholders' equity as reported on its ...

Converts $13.5 Million of Debt to Equity NextNRG Invests an Additional $1.4 Million MIAMI, FL, Aug. 20, 2024 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. ("EzFill" or the "Company") (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fueling industry, today announced a series of strategic transactions aimed at bolstering its financial position and regaining compliance with Nasdaq listing requirements, subject to Nasdaq confirmation. The transactions, which have closed, leave the Company essentially deb ...

-- Revenue Increased 21% Year Over Year to Approximately $7.4 Million From $6.1 Million -- -- Gross Profit Increased 14% From The Prior Year Period -- -- Gallons Delivered Approximately 1.84 Million, Up 16% From The Prior Year Period – -- 40 New Commercial Accounts Added in Quarter -- -- Loss Per Share Improves 6% from $(1.78) to $(1.67) -- MIAMI, FL, Aug. 15, 2024 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. ("EzFill" or the "Company") (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fueling indust ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 20, 2024 EZFILL HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 001-40809 84-4260623 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 67 NW 183rd Street Miami, FL 33169 (Address of principal executive o ...

Net Loss decreased by Approximately $0.5 Million, Down 69% From The Prior Year Period Increased Gallons Delivered by Approximately 30% from The Prior Year Period MIAMI, FL, June 20, 2024 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. ("EzFill" or the "Company") (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fuel industry, announced that, based on the information and data currently available, it had its best April on record, with revenues of approximately $2.6 million, an increase of approximately 32 ...

Gross Profits Increased by Approximately 62% Added 7 New Commercial Accounts Yehuda Levy, EzFill's Interim Chief Executive Officer, commented, "In April of 2024 we continue to achieve monthly record growth with the dedicated efforts of our team and the support of our customers. Our commitment to innovation and improving our operational efficiencies and margins has propelled us to achieve continuously better and better results. We remain steadfast in our mission to keep growing this amazing company." With th ...

Core Insights - EzFill Holdings, Inc. reported a 26% year-over-year increase in revenue, reaching $6.6 million compared to $5.2 million in the prior year period [1][3] - The company achieved a significant gross profit increase of 184% from the previous year [1] - Total gallons delivered rose by 26% to 1.66 million gallons, reflecting growth in both existing and new markets [1][3] - The net loss narrowed by approximately $0.5 million, representing a 19% decrease from the prior year [1][6] - Loss per share improved by 35%, from $(0.70) to $(0.45) [1][6] Financial Highlights - Revenue for Q1 2024 was $6,597,119, up from $5,231,334 in Q1 2023, marking a 26% increase [2] - Net loss decreased to $(1,899,122) from $(2,348,771), an improvement of approximately 20% [2][6] - Adjusted EBITDA loss improved to $(1,162,140) from $(1,833,874), reflecting a 37% improvement [2][7] - Average fuel margin per gallon increased to $0.59 from $0.47 in the prior year [3][14] Operating Highlights - Total gallons delivered in Q1 2024 were 1,660,617, compared to 1,313,962 in Q1 2023 [2][14] - The company added 22 new fleet customers during the quarter [1] Cost and Expenses - Cost of sales for Q1 2024 was $6.1 million, up from $5.1 million in the prior year, driven by increased sales and hiring of additional drivers [4] - Operating expenses, excluding depreciation and amortization, decreased to $1.5 million from $2.2 million, due to efficiencies in operations [5] Balance Sheet - As of March 31, 2024, the company had a cash position of $0.05 million, down from $0.2 million at the end of 2023 [8] - Long-term debt stood at $0.6 million at the end of the quarter [8] Industry Position - EzFill is positioned as a leader in the mobile fueling industry, with a significant market share in Florida [9] - The company aims to disrupt traditional gas station models by offering on-demand fueling services [9] - Major corporations are investing in the mobile fueling sector, indicating a growing demand for convenient fueling options [10]

Financial Performance - Revenues for the three months ended March 31, 2024, were $6,597,119, an increase of $1,365,785 or 26% compared to $5,231,334 in the prior year[330] - Cost of sales increased by $1,066,552 or 21% to $6,135,335 due to higher fuel sales and additional drivers hired in new markets[334] - Operating expenses decreased by $707,615 or 32% to $1,489,031, primarily due to reductions in payroll, stock-based compensation, and marketing expenses[335] - Net loss for the three months ended March 31, 2024, was $1,899,122, compared to a net loss of $2,348,771 in the prior year[330] - Adjusted EBITDA for the three months ended March 31, 2024, was $(1,162,140), an improvement from $(1,833,874) in the prior year[332] - Gallons delivered increased to 1,660,617, up from 1,313,962, reflecting a 26% increase[332] - Average fuel margin per gallon improved to $0.59 from $0.47[332] Cash Flow and Financial Position - Cash on hand as of March 31, 2024, was approximately $48,613, down from $504,581 at the same time last year[338] - The company had an accumulated deficit of $47,216,172 as of March 31, 2024[342] - The company generated $973,443 in cash flows from financing activities, including a $1,250,000 loan from a related party[341] Revenue Recognition and Accounting Policies - The Company recognizes membership revenues at the end of each month after services have been rendered, with no prepaid membership revenues[370] - Fuel sales are recognized each month after delivery has occurred[371] - Contract liabilities represent deposits made by customers before the satisfaction of performance obligations, which are relieved upon completion of the obligations[372] - The Company has evaluated recent accounting pronouncements and found no material impact on its consolidated financial statements[375] - ASU 2023-07, effective after December 15, 2023, will enhance reportable segment disclosure requirements, and the Company is evaluating its impact[376] - ASU 2023-09, effective after December 15, 2024, will improve income tax disclosures, and the Company is assessing its implications[377] - The Company does not have any off-balance sheet arrangements as defined in Regulation S-K Item 303(a)(4)[379] - All contract consideration is fixed and determinable at the initiation of the contract, with no returns, refunds, or warranties offered[369] - The Company applies judgment in determining the customer's ability and intention to pay based on various factors, including historical payment experience[361] - The Company has a distinct single performance obligation in its contractual arrangements, with no contracts containing variable consideration[366]

— 2023 Revenue Increased 54% year over year to $23.2 Million From $15.0 Million – — Reports first year with a gross profit of $1.3 million — — Gallons delivered increased 63% year over year to 5.8 million from 3.5 million in 2022 — — Average Fuel Margin per Gallon Rose 44% to $0.65 Compared to $0.45 in 2022 — — Net loss decreased 40% an approx. $7 million reduction from prior year — — 148 New Fleet Accounts Added in 2023 — MIAMI, FL, April 02, 2024 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. ("EzFill" or the ...