From GlobeNewswire: 2025-03-27 16:15:00

NextNRG, Inc. reported strong financial results for FY 2024, with revenue increasing by 20% to $27.8 million and gross profit growing by 64% to $2.3 million. Q4 2024 revenue rose by 21% to $6.9 million, with gross profit increasing by 97% to $652 thousand. Conference call scheduled for March 31st.

CEO Michael D. Farkas highlighted the company’s 20% revenue growth in 2024, driven by increased operating efficiency and higher-margin fuel delivery. NextNRG expanded its pipeline in microgrids and EV infrastructure, with plans to convert fleets to electric. The company completed a $15 million public offering in February 2025 to support its growth initiatives.

NextNRG completed its corporate rebranding from EzFill Holdings to NextNRG, Inc. in Q1 2025. The company delivered 7.2 million gallons in 2024, a 22% year-over-year increase, and expects to provide guidance on its expanded smart microgrid pipeline soon. NextNRG focuses on sustainable energy solutions and is positioned for long-term growth.

In FY 2024, NextNRG saw revenue increase by 20% to $27.8 million, with gross profit rising to $2.3 million. Q4 2024 performance showed revenue of $6.9 million, a 21% increase, and gross profit more than doubled to $652 thousand. The company aims to scale its energy solutions and target sustainable growth in 2025.

NextNRG aims to scale its AI/ML-powered energy solutions in 2025 through SaaS contracts and mobile fueling revenue. The company’s integrated platform, including mobile fueling, wireless EV charging, and smart microgrids, is set to power the distributed energy future. NextNRG is committed to supporting decarbonization initiatives and expanding its sustainable energy solutions.

Investors can join the conference call on March 31st at 4:30 PM ET to discuss NextNRG’s financial results for Q4 2024 and FY 2024. A replay of the call will be available until April 7, 2025. NextNRG, Inc. is focused on implementing AI and ML into renewable energy, energy infrastructure, EV charging, and mobile fuel delivery to create an integrated ecosystem.



Read more at GlobeNewswire:: NextNRG Reports Strong Fourth Quarter and Full Year 2024