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NextNRG Reports Preliminary June 2025 Revenue Growth of 231% Year-Over-Year
Globenewswire· 2025-07-10 12:45
Core Insights - NextNRG, Inc. reported its sixth consecutive record month with a 231% year-over-year revenue growth in June 2025, indicating strong market demand for its AI-driven energy solutions [2][8] - The company is on track to achieve a $100 million revenue run-rate, bolstered by the pending acquisition of ReFuel Mobile in Canada, which is expected to close by August 1, 2025 [3][2] - NextNRG's operational efficiency and recurring revenue contracts are projected to lead to profitability in 2026, transitioning the company from a high-growth phase to a sustainable cash-generating enterprise [2] Financial Performance - June 2025 revenue reached $6.98 million, reflecting a 231% increase year-over-year and a 6% increase month-over-month [8] - Year-to-date revenue through June 2025 totaled approximately $35.87 million, a 33% increase compared to the full-year 2024 revenue of approximately $27 million [8] - The company delivered over 2.04 million gallons of fuel in June 2025, marking a 270% year-over-year increase and a 4% month-over-month increase [8] Strategic Initiatives - The acquisition of ReFuel Mobile, which has experienced a 1,166% revenue growth over three years, will enhance NextNRG's recurring revenue base and support international expansion [3] - NextNRG is expanding its fleet of fuel delivery trucks and operations across six U.S. states, with 144 active fuel delivery trucks [2][7] - The company is integrating sustainable energy solutions into its mobile fueling operations and plans to deploy its AI-powered microgrid systems and wireless EV charging products in key markets [2][6][7]
NextNRG Appoints Global Logistics Authority Gary M. Goldfarb as Chairman of Newly Formed Strategic Advisory Board
Globenewswire· 2025-07-02 12:15
MIAMI, July 02, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered through its Next Utility Operating System®, smart microgrids, wireless EV charging, and mobile fuel delivery, today announced a strategic advisory agreement with Goldfarb Management Services, LLC. As part of the agreement, Gary M. Goldfarb, a recognized authority in global logistics and supply chain innovation, has been appointed Chairman ...
NextNRG Signs LOI to Acquire ReFuel Mobile, Preparing for International Expansion with Canadian Mobile Fueling Leader
Globenewswire· 2025-06-30 12:50
Core Insights - NextNRG, Inc. has signed a letter of intent to acquire ReFuel Mobile, a Canadian mobile fueling company, marking its entry into international markets and expanding its operations in Ontario's commercial and industrial sectors [1][2][5] - ReFuel Mobile has shown exceptional growth, ranking 36 on Globe and Mail's fastest-growing companies list with a 1,166% revenue growth over three years, and is currently profitable [3][10] - The acquisition is expected to enhance NextNRG's mobile fueling leadership and contribute to its recurring revenue base, with projected forward 12-month revenues of $100 million [5][9] Company Overview - NextNRG, Inc. specializes in AI-driven energy solutions, including smart microgrids and mobile fuel delivery, aiming to transform energy production and management [1][11] - ReFuel Mobile, founded in 2016, focuses on direct-to-vehicle and direct-to-equipment fuel delivery, serving various sectors including transportation, construction, and logistics [2][10] - The acquisition will integrate ReFuel's proprietary software platform with NextNRG's technology, enhancing operational efficiency and service delivery [5][9] Financial Performance - NextNRG reported preliminary revenue of $6.6 million for May 2025, representing a 148% year-over-year growth, marking its fifth consecutive record month [8] - Year-to-date revenue through May reached approximately $28.89 million, surpassing the full-year 2024 revenue of approximately $27 million [9] Strategic Goals - The acquisition aligns with NextNRG's strategy to scale AI-optimized energy solutions globally and expand its geographic reach [5][7] - ReFuel plans to enhance its service offerings and expand into additional regions in Ontario and Quebec, including Ottawa and Montreal [6][7]
NextNRG Reports Preliminary May 2025 Revenue Growth of 148% Year-Over-Year
Globenewswire· 2025-06-24 12:00
MIAMI, June 24, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation transforming how energy is produced, managed, and delivered through its Next Utility Operating System®, smart microgrids, wireless EV charging, and mobile fuel delivery, today announced preliminary unaudited financial results for May 2025. May 2025 Highlights: "We're proud to report another month of strong revenue growth," said Michael D. Farkas, Executive Chairman and CEO of NextNRG. "This marks ...
NextNRG Partners with $13 Billion Renewable Energy Investor Hudson Sustainable Group to Accelerate U.S. Energy Infrastructure Buildout
Globenewswire· 2025-06-12 12:30
Partnership Expands Capital Access to Support Development of Solar, Battery, Microgrid, and Wireless EV Charging Projects within NextNRG’s National PipelineMIAMI, June 12, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (NASDAQ: NXXT), a pioneer in AI-driven energy solutions revolutionizing production, management, and delivery with the Next Utility Operating System®, smart microgrids, wireless EV charging, and on-demand mobile fuel, today announced a strategic partnership with Hudson Sustainable Group LLC, one of th ...
NextNRG to Be Added to Russell 2000® and Russell 3000® Indexes
Globenewswire· 2025-06-11 12:00
Inclusion Highlights Nationwide Expansion of Distributed Energy Generation MIAMI, June 11, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (NASDAQ: NXXT), a pioneer in AI- powered energy innovation, today announced its inclusion in the Russell 2000® and Russell 3000® Indexes, according to a list of additions published by FTSE Russell. The Company leverages advanced technologies— including its Next Utility Operating System®, smart microgrid infrastructure, wireless EV charging, and on- demand mobile fuel delivery—to ...
NextNRG Reports Q1 2025 Revenues up 147% Year-over-Year
Globenewswire· 2025-05-21 20:05
Triple-Digit Growth Highlights Execution of Integrated Energy Infrastructure Strategy Q1 2025 Conference Call Scheduled for May 22, 2025 at 9:15 AM ET MIAMI, May 21, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation—transforming how energy is produced, managed and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging and on-demand mobile fuel delivery solutions— today announced financial results for the first q ...
EzFill (EZFL) - 2025 Q1 - Earnings Call Transcript
2025-05-21 05:00
NextNRG (EZFL) Q1 2025 Earnings Call May 21, 2025 12:00 AM ET Speaker0 Good day. And welcome to the NextEra Energy first quarter twenty twenty five financial call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. Please note this event is being recorded. I would now like to turn the conference over to Jeff Ramson, CEO of PCG Advisory. Please go ahead. Speaker1 Thank you, operator. Good morning, everyone ...
NextNRG Reports Preliminary April 2025 Revenues up 154% Year-over-Year
Globenewswire· 2025-05-16 12:00
Robust April Results Reflect Execution Strength, Sustained Volume Growth and Scalable Business ModelMIAMI, May 16, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (Nasdaq: NXXT), a pioneer in AI-driven energy innovation—transforming how energy is produced, managed and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging and on-demand mobile fuel delivery solutions— today announced preliminary unaudited financial results for April 2025. April 2025 Highlights: Reven ...
NextNRG Expands Services into Oklahoma
Globenewswire· 2025-04-30 13:15
Expansion begins with one of the nation’s largest in-house fleet operators and supports broader rollout to additional national accounts and new markets across the stateMIAMI, April 30, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (“NextNRG” or the “Company”) (Nasdaq: NXXT), a pioneer in AI-driven energy innovation—transforming how energy is produced, managed, and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging, and on-demand mobile fuel delivery solutions— ...