secwatch.observer — SEC 8-K summary
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Issuer:     NEXTNRG, INC. (NXXT)
CIK:        0001817004
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001493152-24-019865
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.02, 3.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EzFill reports Q1 revenue up 26% to $6.6M; net loss narrows 19%; Nasdaq grants extension to July 12
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1817004/000149315224019865/0001493152-24-019865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1817004/000149315224019865/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019865

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