Company Converts Debt to Restricted Common Stock at Premium to Market and Refinances High-Cost Debt with 8-Month NoteMIAMI, July 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 Next Utility Operating System®, smart microgrids, wireless EV charging, and mobile fuel delivery, today announced the completion of a comprehensive financial restructuring that significantly reduces the company' ...

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]

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]

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].

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]

Core Insights - NextNRG, Inc. reported a record revenue month in May 2025, marking the fifth consecutive month of strong revenue growth, driven by operational expansion and increased demand from partners nationwide [2][9] - Year-to-date revenue through May 2025 reached approximately $28.89 million, surpassing the total revenue for the entire year of 2024, which was approximately $27 million [9] Company Overview - NextNRG is focused on AI-driven energy innovation, implementing technologies such as the Next Utility Operating System®, smart microgrids, and wireless EV charging to transform energy production, management, and delivery [1][4] - The company aims to enhance energy efficiency, reduce costs, and improve grid resiliency through its AI-powered microgrid systems, which are designed for various commercial and public applications [5] Strategic Developments - NextNRG 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 leadership in the on-demand fueling industry [6] - The company is integrating sustainable energy solutions into its mobile fueling operations and plans to assist fleet customers in transitioning to electric vehicles (EVs) through innovative wireless EV charging solutions [6]

Core Insights - NextNRG, Inc. has formed a strategic partnership with Hudson Sustainable Group to enhance capital access for developing renewable energy projects, including solar, battery storage, microgrids, and wireless EV charging [1][2][3] Company Overview - NextNRG is focused on AI-driven energy solutions, aiming to revolutionize energy production, management, and delivery through its Next Utility Operating System and smart microgrids [1][7] - The company is expanding its operations in on-demand mobile fuel delivery and wireless EV charging, positioning itself as a leader in the energy transition [9][10] Partnership Details - The partnership allows Hudson Sustainable Group to prioritize funding for selected projects within NextNRG's national pipeline, facilitating the development of utility-scale energy assets [2][3] - Hudson Sustainable Group has mobilized over $13 billion in capital for renewable energy and clean transport infrastructure, indicating strong financial backing for the partnership [4] Strategic Goals - The collaboration aims to scale AI-optimized energy infrastructure to meet the increasing demand for resilient power solutions, enhancing project execution and commercial pipeline [5] - NextNRG's strategy includes deploying smart microgrids that utilize AI for energy management, targeting various sectors such as commercial properties and healthcare [8]

Core Insights - NextNRG, Inc. has been included in the Russell 2000® and Russell 3000® Indexes, marking a significant milestone in its growth and recognition in the market [1][3] - The reconstitution of the Russell indexes will take effect after market close on June 27, 2025, with trading in the new indexes starting on June 30, 2025 [2] - The inclusion in these indexes is expected to enhance institutional engagement and long-term value creation for NextNRG as it scales its projects across the country [3] Company Overview - NextNRG is focused on AI-powered energy innovation, utilizing advanced technologies such as the Next Utility Operating System®, smart microgrid infrastructure, and wireless EV charging [1][5] - The company aims to create an integrated ecosystem for renewable energy, energy infrastructure, battery storage, and on-demand mobile fuel delivery [5] Strategic Developments - NextNRG has experienced strong quarterly growth and strategic advancements, including new state expansions and enterprise partnerships [4] - The company is expanding its fleet of fuel delivery trucks and has acquired Yoshi Mobility's fuel division and Shell Oil's trucks, reinforcing its leadership in the on-demand fueling industry [7] - NextNRG is integrating sustainable energy solutions into its mobile fueling operations and plans to assist fleet customers in transitioning to electric vehicles (EVs) [7] Technological Innovations - The Next Utility Operating System® employs AI and machine learning to enhance energy management efficiency [6] - NextNRG's smart microgrids utilize AI-driven energy management alongside solar power and battery storage to improve energy efficiency and grid resiliency [6]

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]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 reached $16.3 million, representing a 146% increase year over year from $6.6 million in Q1 2024 [4][8] - Delivery volumes surged to over 4.7 million gallons, a staggering 183% increase from 1.7 million gallons in Q1 2024 [5] - Cost of sales increased to $15.8 million from $6.1 million in the previous year, resulting in a gross profit of approximately $517,000 [8] - Operating expenses totaled $6.3 million, leading to a loss from operations of $5.8 million, up from $1.9 million in the same period last year [9] - Net loss available to common shareholders was $8.9 million or $1.6 per share, compared to $2.7 million or $1.48 per share in Q1 2024 [9][10] - Cash at the end of the quarter was $2.1 million, a 31% increase from $1.6 million at year-end [10] Business Line Data and Key Metrics Changes - The mobile fueling operations significantly contributed to revenue growth, with expansion into multiple new states and onboarding major national accounts [5][6] - The technology pipeline includes developments in smart microgrids and wireless EV charging, indicating a strong focus on innovation [6] Market Data and Key Metrics Changes - The company is expanding its footprint across the nation, indicating a growing demand for its fueling solutions [5] - The partnership with the world's largest e-commerce company highlights the caliber of the company's capabilities in the market [5] Company Strategy and Development Direction - The company is focused on five bold growth initiatives, including smart microgrid deployment, wireless EV charging, and activating new revenue streams through SaaS and licensing models [11][12] - A partnership with an industry financer in the sustainable energy sector is being finalized to secure financing and advance technology [12] Management's Comments on Operating Environment and Future Outlook - Management views the first quarter as a transformational period, emphasizing the strength of their vision and execution [4] - The company is positioned at the nexus of mobile logistics, AI-powered energy infrastructure, and clean transportation, indicating a forward-looking strategy [12] Other Important Information - The company raised over $50 million in equity financing during the quarter, reflecting confidence in its strategy and providing capital for expansion [10] Q&A Session Summary Question: Where are you with wireless charging? - The company is developing a prototype pilot in Southern Florida, incorporating wireless charging and bidirectional capabilities, with significant interest from customers in logistics and warehousing [15][16] Question: How do you view NextEra Energy's differentiation versus other mobile fueling or microgrid players in the market? - The company offers a unique combination of services, including internal combustion engine fueling, charging services, and smart microgrid technology, which sets it apart from competitors [17][18][19][20][21] Question: Can you talk about AI-powered energy infrastructure and examples of its implementation? - The company has developed AI and machine learning technology in collaboration with Florida PowerLight, significantly improving utility efficiency and reducing electricity costs for consumers [22][23][24][25][26]