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]
EzFill (EZFL) - 2025 Q1 - Earnings Call Transcript