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NextNRG Reports Preliminary October 2025 Revenue Growth of 196% Year-Over-Year
Globenewswire· 2025-11-07 14:00
Core Insights - NextNRG, Inc. reported preliminary unaudited financial results for October 2025, showcasing significant growth in revenue and market expansion [1][2][3] Financial Performance - October 2025 revenue reached $7.39 million, representing a 196% increase year-over-year from $2.50 million in October 2024 [10] - Year-to-date revenue through October 2025 is approximately $65.8 million, more than double the full-year 2024 revenue of around $27 million [10] - There was a 5% sequential revenue increase compared to September's revenue of $7.07 million, indicating consistent month-to-month growth [4] Business Strategy and Operations - The company is executing a multi-state expansion strategy while advancing its integrated energy platform, which includes developments in RenCast, smart microgrids, and wireless EV charging solutions [3] - NextNRG's strong financial performance is attributed to the ongoing development of comprehensive energy solutions, including Smart Microgrid Controller technology and the NextUOS® Utility Operating System [3][7] - The subsidiary EzFill expanded into a new region, further supporting the company's nationwide growth strategy [3] Market Position and Growth - NextNRG is experiencing robust year-over-year growth with consistent triple-digit increases, reflecting strong market demand and effective utilization of proprietary technologies [4] - The company believes it is on track to achieve its near-term profitability timeline due to accelerating market demand and targeted growth initiatives [4]