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EzFill (EZFL) - 2024 Q1 - Quarterly Report
2024-05-14 21:21
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]
EzFill (EZFL) - Prospectus(update)
2024-05-08 00:50
As filed with the Securities and Exchange Commission on May 7, 2024 Registration No. 333-275761 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1/A (Amendment No. 4) REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 EzFill Holdings, Inc. (Exact name of registrant as specified in its charter) incorporation or organization) Classification Code Number) Identification Number) Delaware 5500 83-4260623 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employ ...
EzFill Announces Fourth Quarter and Full Year 2023 Financial Results
Newsfilter· 2024-04-02 17:33
— 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 ...
EzFill (EZFL) - 2023 Q4 - Annual Report
2024-04-01 20:15
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, 2023 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 | | --- | --- | ...
EzFill to Begin Mobile Fuel Service for Millwork Sales and Batesville
Newsfilter· 2024-03-20 16:15
Expanding Business in its Tampa and Orlando Markets MIAMI, FL, March 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 it has signed fuel delivery agreements with two new fleet customers. The new fleet accounts Millwork Sales and Batesville are supplies companies in the Tampa and Orlando markets. The new customers have joined the EzFleet platform. Yehuda Levy, EzFill's Interim Chief Executiv ...
EzFill to Begin Mobile Fuel Service for Fuse Specialty Appliance and GFC Crane Consultants in Miami
Newsfilter· 2024-03-11 16:00
Expands with Current Customer L&W Supply to Provide Fueling in Orlando MIAMI, FL, March 11, 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 two new fleet customers and has expanded its service of L&W Supply. The new fleet accounts Fuse Specialty Appliance and GFC Crane Consultants are an luxury appliance company and crane inspection company in Miami. ...
EzFill Providing Mobile Fuel Services for Formula 1 Crypto.com Miami Grand Prix 2024
Newsfilter· 2024-03-07 17:00
Currently in Second Year of Three Year Agreement MIAMI, FL, March 07, 2024 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. ("EzFill" or the "Company") (NASDAQ:EZFL), a pioneer and emerging leader in the mobile fuel industry, announced that after a successful 2023 event, it has begun a second year of preparations with South Florida Motorsports ("SFM"), the organizers of the Formula 1 Crypto.com Miami Grand Prix 2024 to provide mobile fuel services for the build-out and operations leading up to the Miami Grand Prix ...
EzFill to Begin Mobile Fuel Service for American Portable Air in Miami
Newsfilter· 2024-03-05 17:00
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 ...
EzFill Receives Approval from Three Miami Condo Associations to Offer Fueling to Residents of 600+ Units.
Newsfilter· 2024-02-29 17:00
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 ...
EzFill Launches Enhanced EzFleet Portal Significantly Improving Fuel Management for Businesses
Newsfilter· 2024-02-26 17:15
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. ...