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NextNRG Reports Q2 2025 Revenues Up 166% Year-Over-Year
Prism Media Wire· 2025-08-15 12:30
Core Insights - NextNRG reported a remarkable 166% year-over-year revenue growth for Q2 2025, reaching $19.7 million compared to $7.4 million in Q2 2024, driven by strong market demand for its integrated energy solutions [3][4][5] - The company achieved a gross profit of $1.6 million, a significant increase from $547,000 in the same quarter last year, reflecting a 189% growth in gross profit [4][5] - Despite the revenue growth, NextNRG reported a net loss of $36.1 million, which included a $30.8 million operating loss primarily due to a non-cash stock-based compensation expense of approximately $25.5 million [4][6] Financial Highlights - Revenue for Q2 2025 was $19.7 million, up from $7.4 million in Q2 2024, marking a 166% increase [4] - Gross profit increased to $1.6 million from $547,000, representing a 189% growth [4] - The operating loss was $30.8 million, compared to $2.6 million in Q2 2024, largely due to stock-based compensation [4][6] - Net loss for the quarter was $36.1 million, up from $5.6 million in the previous year [4] Strategic Developments - NextNRG is advancing its integrated energy strategy with ongoing deployments of smart microgrids and wireless EV charging programs, aiming for commercial launch [5][8] - The company is expanding its integrated platform across three revenue streams: Utility Operating System, Smart Microgrids, and Wireless EV Charging [7][12] - A strategic partnership with Hudson Sustainable Group aims to accelerate U.S. energy infrastructure buildout, providing priority access to capital for NextNRG's projects [12] - The company has extended operations into Oklahoma, marking its seventh state of operation, and has secured a long-term agreement with a major fleet operator [12] Operational Achievements - NextNRG achieved a record monthly performance in July 2025 with preliminary revenue of $8.19 million, representing a 236% year-over-year growth [12] - The company is enhancing its mobile fueling operations by integrating sustainable energy solutions and expanding its fleet of fuel delivery trucks [9][12] - A newly formed Strategic Advisory Board, chaired by Gary M. Goldfarb, will guide the company's commercial and industrial facility expansion [12]
NextNRG to Host Second Quarter 2025 Financial Results Conference Call on August 15, 2025 at 9:00 a.m. ET
Globenewswire· 2025-08-14 22:00
Core Insights - NextNRG, Inc. is a leader in AI-driven energy innovation, focusing on transforming energy production, management, and delivery through its Next Utility Operating System®, smart microgrids, and wireless EV charging solutions [1][5][6] - The company will host a conference call on August 15, 2025, to discuss its financial results for Q2 2025 [1][8] Company Overview - NextNRG integrates AI and machine learning into renewable energy and next-generation energy infrastructure, including battery storage and mobile fuel delivery [4][5] - The Next Utility Operating System® aims to enhance energy management efficiency for existing utilities [5] - Smart microgrids developed by NextNRG utilize AI-driven management alongside solar power and battery storage to improve energy efficiency and grid resiliency [5] Recent Developments - NextNRG is expanding its fleet of fuel delivery trucks and has acquired Yoshi Mobility's fuel division and Shell Oil's trucks, strengthening its position in the on-demand fueling industry [6] - The company is integrating sustainable energy solutions into its mobile fueling operations and aims to assist fleet customers in transitioning to electric vehicles [6]
NextNRG Signs Letter of Intent for Two Healthcare Facility Smart Microgrid Projects in Los Angeles County
Globenewswire· 2025-07-16 13:15
Core Insights - NextNRG is strategically expanding into the healthcare sector by developing energy infrastructure for two facilities in Los Angeles, demonstrating its energy-agnostic technology and own-and-operate model [1][2][4] Company Overview - NextNRG, Inc. is focused on AI-driven energy innovation, utilizing its Next Utility Operating System®, smart microgrids, and mobile fuel delivery to transform energy production and management [1][10] - The company aims to establish itself as a dedicated energy provider under long-term contracts, particularly in sectors requiring continuous power [1][4] Project Details - NextNRG has signed 28-year Power Purchase Agreements (PPAs) with Sunnyside Nursing and Topanga Terrace Rehabilitation, ensuring predictable revenue streams [2][5] - The PPA for Sunnyside will generate revenue at $0.25 per kWh with a 2% annual escalator, while Topanga will generate revenue at $0.22 per kWh with a similar escalator [2][5] Technology and Infrastructure - The energy infrastructure will include solar generation, battery storage, and smart microgrid systems, enhancing reliability and compliance with healthcare regulations [3][4] - Each facility will feature up to 830 kWh DC of solar capacity and 2.2 MWh of battery storage [3] Market Opportunity - The healthcare sector presents a significant market opportunity for NextNRG, with an addressable market of approximately $3.2 billion in annual revenue, projected to grow to $7–8 billion by the early 2030s [7][8] - There are 15,300 nursing homes and 32,231 assisted living facilities in the U.S., all requiring reliable energy solutions [7] Strategic Positioning - NextNRG's energy-agnostic technology allows it to serve as a complete energy solution provider, optimizing power from various sources [5][6] - The company is well-positioned to replicate its ownership and energy sales model across thousands of healthcare facilities nationwide [8] Recent Developments - NextNRG has experienced record-breaking revenue growth, with preliminary May 2025 revenue of $6.6 million, representing a 148% year-over-year increase [8]
NextNRG Appoints Global Logistics Authority Gary M. Goldfarb as Chairman of Newly Formed Strategic Advisory Board
Globenewswire· 2025-07-02 12:15
Core Insights - NextNRG, Inc. has entered a strategic advisory agreement with Goldfarb Management Services, appointing Gary M. Goldfarb as Chairman of its newly established Advisory Board, aimed at enhancing its market strategies and partnerships in the energy sector [1][4]. Company Overview - NextNRG is focused on AI-driven energy innovation, transforming energy production, management, and delivery through its Next Utility Operating System, smart microgrids, wireless EV charging, and mobile fuel delivery [1][6]. - The company aims to create an integrated ecosystem utilizing AI and machine learning in renewable energy, battery storage, and on-demand mobile fuel delivery [6]. Leadership and Expertise - Gary M. Goldfarb brings over 50 years of experience in international trade and supply chain management, having held significant roles in logistics and market expansion [2][4]. - His past achievements include revitalizing The Miami Free Zone, achieving over 96% occupancy, and driving trade volume to nearly $1 billion [2]. Strategic Goals - NextNRG's mission is to reimagine energy generation and management, with a focus on powering commercial and industrial facilities through distributed energy generation and advanced smart grid technologies [3][5]. - The company is targeting high-impact opportunities across infrastructure, industrial, and municipal energy sectors as part of its corporate development strategy [5]. Product Innovations - NextNRG's portfolio includes patented wireless charging systems designed for industrial and commercial operations, eliminating the need for traditional plug-in infrastructure and enhancing operational efficiency [3][7]. - The smart microgrid technology integrates with wireless charging systems to optimize energy distribution across commercial facilities, supporting decarbonization initiatives [7]. Market Expansion - The company is expanding its fleet of fuel delivery trucks and national footprint, including the acquisition of Yoshi Mobility's fuel division and Shell Oil's trucks, solidifying its position in the on-demand fueling industry [8]. - NextNRG aims to assist fleet customers in transitioning to electric vehicles by integrating sustainable energy solutions into its mobile fueling operations [8].
NextNRG Reports Q1 2025 Revenues up 147% Year-over-Year
Globenewswire· 2025-05-21 20:05
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]