Expands with Current Customer ABC Supply to Provide Fueling in 4 Cities MIAMI, FL, March 05, 2024 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. ("EzFill" or the "Company") (NASDAQ:EZFL), a pioneer and emerging leader in the mobile fuel industry, announced that it has signed fuel delivery agreement with a new fleet customer and has expanded its service of ABC Supply. The new fleet account American Portable Air is an air condition/generator service and supply company in Miami. American Portable Air has joined the ...

Will Be Resident's Exclusive Mobile Fueling Provider MIAMI, FL, Feb. 29, 2024 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. ("EzFill" or the "Company") (NASDAQ:EZFL), a pioneer and emerging leader in the mobile fuel industry, announced that it has received approval from three Miami Based condo associations to be the exclusive mobile fueling provider for their residents. EzFill continues to grow its residential business in South Florida. Working with the management of these three condo associations gives the com ...

New Features added to its consumer application MIAMI, FL, Feb. 26, 2024 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. ("EzFill" or the "Company") (NASDAQ:EZFL), a pioneer and emerging leader in the mobile fuel industry, announced the launch of a new and improved Fleet Fueling customer portal and new features added to its consumer application. As previously announced, the robust system is designed to significantly improve the way businesses manage their fleets, offering a comprehensive suite of automation tools. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40809 EZFILL HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 83-4260623 (State or other juris ...

Part I - Financial Information [Financial Statements](index=4&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS) The company reported increased sales but a wider net loss, a weakened balance sheet, and significant going concern doubts for the six months ended June 30, 2023 [Condensed Consolidated Balance Sheets](index=5&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2023, total assets decreased to $7.2 million, liabilities increased to $5.4 million, and stockholders' equity significantly declined to $1.8 million Consolidated Balance Sheet Highlights (Unaudited) | Metric | June 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Cash | $1,359,333 | $2,066,793 | | Total Current Assets | $2,757,344 | $5,434,166 | | Total Assets | $7,215,688 | $10,597,844 | | **Liabilities & Equity** | | | | Total Current Liabilities | $4,151,494 | $3,298,009 | | Total Liabilities | $5,416,323 | $4,812,397 | | Accumulated Deficit | $(39,662,743) | $(34,845,161) | | Total Stockholders' Equity | $1,799,365 | $5,785,447 | [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Sales increased significantly for both the three and six months ended June 30, 2023, yet the company continued to report substantial net losses Statement of Operations Summary (Unaudited) | Metric | Three Months Ended June 30, 2023 | Three Months Ended June 30, 2022 | Six Months Ended June 30, 2023 | Six Months Ended June 30, 2022 | | :--- | :--- | :--- | :--- | :--- | | Sales - net | $6,130,661 | $3,754,431 | $11,361,995 | $6,094,499 | | Cost of sales | $5,646,291 | $3,755,861 | $10,715,074 | $6,080,021 | | Loss from operations | $(2,162,264) | $(3,866,503) | $(4,469,446) | $(7,136,260) | | Net loss | $(2,468,811) | $(3,872,670) | $(4,817,582) | $(7,139,180) | | Loss per share | $(0.71) | $(1.18) | $(1.41) | $(2.17) | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2023, operating activities used $3.9 million in cash, partially offset by investing and financing activities, resulting in a net cash decrease Cash Flow Summary (Unaudited) | Metric | For the Six Months Ended June 30, 2023 | For the Six Months Ended June 30, 2022 | | :--- | :--- | :--- | | Net cash used in operating activities | $(3,898,769) | $(6,028,287) | | Net cash provided by (used in) investing activities | $2,149,614 | $(2,840,239) | | Net cash provided by financing activities | $1,041,695 | $2,702,152 | | Net decrease in cash | $(707,460) | $(6,166,374) | | Cash - end of period | $1,359,333 | $7,394,892 | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail the company's dire financial state, including a working capital deficit and going concern doubts, and disclose a reverse stock split and a strategic acquisition - Management has concluded there is **substantial doubt** about the Company's ability to continue as a going concern due to historical losses and negative cash flows. The company needs to raise additional capital immediately to continue operations[25](index=25&type=chunk)[26](index=26&type=chunk)[31](index=31&type=chunk) Key Financial Distress Indicators (as of June 30, 2023) | Indicator | Value | | :--- | :--- | | Net loss (Six Months Ended) | $4,817,582 | | Net cash used in operations (Six Months Ended) | $3,898,769 | | Accumulated deficit | $39,662,743 | | Working capital deficit | $1,394,150 | - On April 27, 2023, the Company executed a **1-for-8 reverse stock split**. All share and per-share amounts in the financial statements have been retroactively restated[140](index=140&type=chunk) - Subsequent to the quarter end, on August 10, 2023, the company entered into an agreement to acquire **100% of Next Charging LLC**, a renewable energy company focused on wireless electric vehicle charging technology. This represents a **significant strategic pivot**[265](index=265&type=chunk)[266](index=266&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=51&type=section&id=ITEM%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management attributes revenue growth to increased volume and market expansion, but the company continues to incur significant net losses and negative operating cash flow, raising going concern doubts Results of Operations Comparison (Six Months Ended June 30) | Metric | 2023 | 2022 | Change (%) | | :--- | :--- | :--- | :--- | | Revenues | $11,361,995 | $6,094,499 | +86% | | Cost of sales | $10,715,074 | $6,080,021 | +76% | | Operating expenses | $4,565,672 | $6,354,262 | -28% | | Operating loss | $(4,469,446) | $(7,136,260) | -37% | | Net loss | $(4,817,582) | $(7,139,180) | -33% | Non-GAAP Adjusted EBITDA Reconciliation (Six Months Ended June 30) | Metric | 2023 | 2022 | | :--- | :--- | :--- | | Net loss | $(4,817,582) | $(7,139,180) | | Adjusted EBITDA | $(3,387,841) | $(5,497,038) | - The company has sustained net losses since inception and had an accumulated deficit of **$39,662,743** as of June 30, 2023. It anticipates continued operating losses and is relying on a related party to fund its operations[294](index=294&type=chunk)[295](index=295&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=54&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) This section is **not required for smaller reporting companies**, thus no disclosure is provided - Disclosure about market risk is **not required for smaller reporting companies**[297](index=297&type=chunk) [Controls and Procedures](index=54&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that disclosure controls and procedures were **effective** as of June 30, 2023, with no material changes to internal control over financial reporting - Based on an evaluation as of June 30, 2023, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were **effective at the reasonable assurance level**[299](index=299&type=chunk) - There were no changes in internal control over financial reporting during the most recent fiscal quarter that materially affected, or are reasonably likely to materially affect, internal controls[300](index=300&type=chunk) Part II - Other Information [Legal Proceedings](index=55&type=section&id=ITEM%201.%20LEGAL%20PROCEEDINGS) The company has **no legal proceedings to report** for the period - The company has **no legal proceedings to report**[302](index=302&type=chunk) [Risk Factors](index=55&type=section&id=ITEM%201A.%20RISK%20FACTORS) This section is **not required for smaller reporting companies**, thus no disclosure is provided - Disclosure of risk factors is **not required for smaller reporting companies** in a **Form 10-Q**[303](index=303&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=55&type=section&id=ITEM%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) The company reports that the entire **$25.3 million** net proceeds from its September 2021 IPO have been fully utilized as of June 30, 2023 - The company's September 2021 IPO generated approximately **$25.3 million** in net proceeds after deducting underwriting discounts and offering costs[304](index=304&type=chunk) - As of June 30, 2023, the company has used the **entire amount** of net proceeds from the IPO[305](index=305&type=chunk) [Exhibits](index=56&type=section&id=ITEM%206.%20EXHIBITS) This section lists **exhibits** filed with the Form 10-Q, including incorporation documents, various notes, security agreements, and officer certifications - The report includes **numerous exhibits**, notably several promissory notes and security agreements with **AJB Capital Investments, LLC and Next Charging, LLC**, indicating **recent financing activities and strategic agreements**[312](index=312&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40809 EZFILL HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 83-4260623 (State or other jurisdict ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from [____] to [____] Commission file number 001-40809 EZFILL HOLDINGS, INC. (Exact name of registrant as specified in its charter) Delaware 84-4260623 State or other jurisdi ...

EZFill Holdings Inc. (NASDAQ:EZFL) Q4 2022 Earnings Conference Call March 16, 2023 4:30 PM ET Company Participants John McNamara - TraDigital IR Michael McConnell - CEO Arthur Levine - CFO Conference Call Participants Alejandro Nuno - Maxim Group Operator Greetings. Welcome to EzFill Holdings Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this confer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $0.0001 per share EZFL NASDAQ Capital Market FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commi ...

EZFill Holdings Inc. (NASDAQ:EZFL) Q3 2022 Earnings Conference Call November 8, 2022 10:00 AM ET Company Participants John McNamara - TraDigital IR Michael McConnell - Chief Executive Officer Arthur Levine - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Jason Kolbert - Dawson James Operator Good morning, ladies and gentlemen and welcome to the EzFill Holdings Third Quarter 2022 Earnings Call. At this time, all participants have been placed in a listen-only mode. [Operator ...