NextNRG Reports Q1 2025 Revenues up 147% Year-over-Year

Core Insights - NextNRG, Inc. reported a significant revenue increase of 147% year-over-year, reaching $16.3 million in Q1 2025 compared to $6.6 million in Q1 2024, reflecting strong execution of its integrated energy strategy [2][10] - The company achieved a gross profit of $518,000, a 12% increase from $462,000 in the same period last year, indicating improved operational efficiency [2][10] - NextNRG's fuel delivery volumes surged by 183%, totaling 4.7 million gallons in Q1 2025, up from 1.7 million gallons in Q1 2024, showcasing robust demand across multiple regions [10][12] Financial Performance - Revenue for Q1 2025 was $16.3 million, a 147% increase from $6.6 million in Q1 2024 [2][10] - Gross profit rose to $518,000, a 12% increase from $462,000 in the prior year [2][10] - The average fuel margin per gallon expanded to $0.71, compared to $0.65 in Q1 2024 [10] Strategic Developments - NextNRG is advancing its Utility Operating System and smart microgrid technology, which leverage AI and machine learning to enhance energy management and efficiency [9][10] - The company is expanding its geographic footprint, entering new markets such as Phoenix, Austin, San Antonio, and Houston, thereby increasing service availability [10][12] - A corporate rebrand and a successful $15 million public offering were completed, strengthening the company's capital position [6][10] Operational Highlights - Preliminary revenue for April 2025 reached $5.82 million, up 154% year-over-year, with volume increasing by 207% [6][10] - NextNRG has expanded its operational capacity to 144 active vehicles servicing major logistics corridors across the U.S. [6][10] - The company is set to launch the largest bidirectional wireless EV charging pilot in Southern Florida later this year [10][12]