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EzFill (EZFL) - 2024 Q4 - Annual Results
EZFLEzFill (EZFL)2025-03-27 20:15

Financial Performance - FY 2024 revenue increased by 20% to $27.8 million, up from $23.2 million in FY 2023[7] - FY 2024 gross profit grew by 64% to $2.3 million, compared to $1.4 million in FY 2023[7] - Q4 2024 revenue rose by 21% to $6.9 million, compared to $5.7 million in Q4 2023[7] - Q4 2024 gross profit more than doubled to $652,000, up from $330,000 in Q4 2023[12] Operational Metrics - Gallons delivered in Q4 2024 increased to 1.8 million, up from 1.5 million in the prior-year period[12] - Average fuel margin per gallon expanded to $0.71, compared to $0.65 in Q4 2023[12] Strategic Initiatives - The company completed a $15 million public offering in February 2025 to support growth and strengthen the balance sheet[8] - NextNRG is advancing wireless EV charging solutions through exclusive technology licenses from Florida International University[8] - The company expects to provide guidance on an expanded microgrid pipeline in the next quarter[8] - NextNRG aims to scale its AI/ML-powered energy solutions through SaaS contracts and infrastructure deployment in 2025[10]