---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-015397"
form_type: "8-K"
ticker: "NXXT"
cik: "0001817004"
company_name: "NEXTNRG, INC."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:49:53.700551+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# EzFill Q1 2023 revenue up 123% to $5.2M; net loss narrows to $2.3M

## Summary
- Revenue $5.2M (+123% YoY); 1.3M gallons delivered (+122%).
- Net loss $(2.3)M vs $(3.3)M prior year; loss per share $(0.70).
- Adjusted EBITDA loss $(1.8)M vs $(2.5)M prior year.
- Added 34 new fleet customers in Q1; cash $1.5M at quarter end.
- Effected 1-for-8 reverse stock split on April 26, 2023.

## SEC filing metadata
- accession: 0001493152-23-015397
- form_type: 8-K
- ticker: NXXT
- cik: 0001817004
- company_name: NEXTNRG, INC.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817004/000149315223015397/0001493152-23-015397-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817004/000149315223015397/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-015397
- JSON: https://secwatch.observer/filing/0001493152-23-015397.json
- Plain text: https://secwatch.observer/filing/0001493152-23-015397.txt

## Key facts
- Earnings Releases
  NEXTNRG, INC. reported the three-month period ended March 31, 2023 results: revenue $5.2 million, net income $(2.3) million, EPS $(0.70).
  - Period: the three-month period ended March 31, 2023
  - Revenue: $5.2 million
  - Net income: $(2.3) million
  - EPS: $(0.70)
  - Result: reported results
  source text: During the first quarter of 2023, the Company reported revenue of $5.2 million, up from $2.3 million in the prior year period, a 124% increase, primarily due to a 122% increase in gallons delivered. Total gallons delivered in the first quarter of 2022 were 1,315,266 compared to 591,505 in the prior year period, reflecting new customers in existing and new markets, as well as expansion of certain existing customers to new markets. Average fuel margin per gallon was $0.47 for the quarter, similar to the prior year period. Cost of sales was $5.1 million for the first quarter of 2023 compared to $2.3 million for the prior year period. The increase from the prior year reflects the increase in sales as well as the hiring of additional drivers, primarily in new markets. Our gross profit improved year over year due to higher fuel revenue as well as increased delivery fees and driver efficiency. Operating expenses, excluding depreciation and amortization, were $2.2 million for the first quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817004/000149315223015397/0001493152-23-015397-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.