NextNRG Reports Strong Financial Results and Strategic Growth in AI-Driven Energy Solutions

NextNRG Reports Strong Financial Performance

NextNRG, Inc. (NASDAQ: NXXT), a pioneer in AI-driven energy innovation, has reported impressive financial results for the fourth quarter and fiscal year 2024, demonstrating significant growth across its operations 1

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. The company, which focuses on transforming energy production, management, and delivery through advanced technologies, has shown substantial improvements in revenue and profitability.

Key Financial Highlights

• Full Year 2024 Revenue: Increased by 20% to $27.8 million from $23.2 million in 2023 1

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• Full Year 2024 Gross Profit: Grew by 64% to $2.3 million, up from $1.4 million in 2023 1

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• Q4 2024 Revenue: Rose by 21% to $6.9 million from $5.7 million in Q4 2023 1

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• Q4 2024 Gross Profit: Nearly doubled to $652,000, up from $330,000 in Q4 2023 1

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Strategic Growth and Operational Milestones

NextNRG has made significant strides in expanding its operations and implementing its strategic vision:

1. Mobile Fueling Division: The company's EzFill division reported record-breaking performance in early 2025, with February revenue reaching $5.09 million, a 139% increase year-over-year 2

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2. Fuel Delivery Volume: In 2024, NextNRG delivered 7.8 million gallons, a 22% increase from the previous year, supported by 140 operational trucks across six states 1

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3. Corporate Rebranding: Completed the transition from EzFill Holdings to NextNRG, Inc. in Q1 2025, aligning with the company's expanded clean energy vision 1

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4. Innovation: Advanced static and dynamic wireless EV charging solutions through exclusive technology licenses from Florida International University 1

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5. Capital Raise: Completed a $15 million public offering in February 2025 to support scale and strengthen the balance sheet 1

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AI-Driven Energy Solutions

At the core of NextNRG's strategy is its AI-powered Utility Operating System and smart microgrid technology 3

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. These solutions leverage artificial intelligence and machine learning to optimize energy management, enhance efficiency, and improve grid resiliency. The company's integrated platform combines:

1. Mobile fueling
2. Wireless EV charging
3. AI-optimized Utility Operating System
4. Smart microgrids

This comprehensive approach positions NextNRG to address various aspects of the energy sector, from traditional fuel delivery to advanced renewable energy solutions 3

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Future Outlook and Growth Strategy

NextNRG enters 2025 with a clear mandate to scale its AI/ML-powered energy solutions. The company aims to achieve sustainable long-term growth through:

1. SaaS contracts
2. Infrastructure deployment
3. Recurring mobile fueling revenue 1

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CEO Michael D. Farkas expressed confidence in the company's direction, stating, "We believe NextNRG's integrated platform is uniquely positioned to power the distributed energy future" 1

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As NextNRG continues to expand its operations and innovate in the energy sector, it remains focused on assisting fleet customers in their transition to electric vehicles and advancing clean energy adoption 3

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. The company's recent performance and strategic initiatives suggest a strong foundation for future growth in the evolving energy landscape.