NEXTNRG, INC. (NXXT): Nasdaq/NYSE listing notice — EzFill reports Q1 revenue up 26% to $6.6M; net loss narrows 19%; Nasdaq grants extension to July 12

NEXTNRG, INC.

2024-Q1 EPS reported -$0.45 revenue$6,597,119

Revenue $6.6M (+26% YoY); net loss $(1.9)M vs $(2.3)M; loss per share $(0.45) from $(0.70).
Gallons delivered 1.66M (+26%); average fuel margin $0.59/gal vs $0.47; adjusted EBITDA loss $(1.2)M vs $(1.8)M.
Nasdaq Panel granted extension until July 12, 2024 for stockholders' equity compliance (min $2.5M).
AJB Notes maturity extended to July 17, 2024; Company to issue 165,000 shares of common stock as consideration.
Cash at quarter end $0.05M; long-term debt $0.6M; net loss improved ~20% YoY but company remains cash-constrained.

item 1.01 item 2.02 item 3.01 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NEXTNRG, INC. reported the three-month period ended March 31, 2024 results: revenue $6.6 million, net income $(1.9) million, EPS $(0.45).

Period: the three-month period ended March 31, 2024
Revenue: $6.6 million
Net income: $(1.9) million
EPS: $(0.45)
Result: reported results

Exact text from the filing

in such filing. --- EX-99.1 () --- EX-99.1 3 ex99-1.htm Exhibit 99.1 EzFill Announces 2024 First Quarter Financial Results -- Revenue Increased 26% Year Over Year to $6.6 Million From $5.2 Million -- -- Gross Profit Increased 184% From The Prior Year Period -- -- 1.66 Million Gallons Delivered, Up 26% From The Prior Year Period – -- 22 New Fleet Customers

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Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

NEXTNRG, INC. received a nasdaq extension granted notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: extension granted
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

May 13, 2024 granted the Company an extension of time until July 12, 2024 to regain compliance with the Stockholders’ Equity Requirement subject to certain terms mentioned in the letter. There can be no assurance that the Company will evidence compliance with the Stockholders’ Equity Requirement during any extension period that Nasdaq may grant, and the Company’s common stock may be subject to delisting in the absence of such compliance.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NEXTNRG, INC. amended AJB Global Amendment with AJB Capital Investments, LLC (effective 2024-05-09).

Action: amendment
Agreement: notes offering
Counterparty: AJB Capital Investments, LLC
Effective: 2024-05-09

Exact text from the filing

On May 9, 2024, the Company and AJB Capital Investments, LLC, (“AJB”) entered into a global amendment (the “AJB Global Amendment”) to the promissory notes dated as of April 19, 2023

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1436 earnings releases filed in the last 30 days. Browse all earnings releases →

NEXTNRG, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-019865

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