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NextNRG Inc. reported significant revenue growth for the first quarter of 2025, driven by strategic expansions and innovative energy solutions. Despite a substantial year-over-year increase in revenue, the company posted a considerable net loss, which influenced its stock performance. According to InvestingPro data, the company’s trailing twelve-month revenue growth stands at 52.33%, though it maintains weak gross profit margins of 6.3%.
Key Takeaways
- NextNRG’s Q1 2025 revenue surged by 146% compared to the previous year.
- The company reported a net loss of $8.9 million, or $1.60 per share.
- Strategic initiatives include the development of smart microgrids and wireless charging technologies.
- Stock price remained stable in aftermarket trading, closing at $3.29.
Company Performance
NextNRG Inc. showcased robust revenue growth in Q1 2025, with a 146% increase from the same quarter last year. This growth was primarily fueled by the expansion into new states and the integration of fleet assets from Shell and Yoshi. Additionally, the company onboarded a major national e-commerce customer, enhancing its market footprint.
Financial Highlights
- Revenue: $16.3 million, up 146% YoY
- Delivery Volumes: 4.7 million gallons, up 183% from Q1 2024
- Gross Profit: Approximately $517,000
- Net Loss: $8.9 million, or $1.60 per share
- Cash Position: $2.1 million, a 31% increase from year-end
Outlook & Guidance
Looking ahead, NextNRG aims to expand its smart microgrid deployments and develop wireless charging technologies. The company is also seeking partnerships in sustainable energy financing and targeting over 1 gigawatt of utility microgrid projects. The national expansion of mobile fueling operations remains a key focus.
Executive Commentary
Michael Farkas, CEO of NextNRG, emphasized the company’s pioneering role in the energy sector: "NextNRG is not just growing. We are defining the future of energy, one gallon, one watt, and one breakthrough at a time." He also highlighted the challenge of providing power at necessary locations, underscoring the strategic importance of their infrastructure solutions.
Risks and Challenges
- Market Competition: Despite unique offerings, competition in the energy sector remains intense.
- Technological Integration: Successfully integrating new technologies into existing systems poses a challenge.
- Regulatory Environment: Changes in energy regulations could impact operations.
- Financial Health: Sustained net losses may affect long-term financial stability.
- Supply Chain: Potential disruptions could impact the delivery of key components.
NextNRG’s strategic initiatives and robust revenue growth position it well for future success, although challenges remain in achieving profitability and navigating a competitive market landscape. InvestingPro’s comprehensive analysis indicates an overall WEAK financial health score, with particular concerns about profit sustainability and relative value metrics. Investors seeking detailed analysis of NextNRG’s market position and growth potential can access the full Pro Research Report, which includes expert insights and peer comparison tools.
Full transcript - NextNRG Inc (NXXT) Q1 2025:
Conference Operator: Good day. And welcome to the NextEra Energy first quarter twenty twenty five financial call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. Please note this event is being recorded.
I would now like to turn the conference over to Jeff Ramson, CEO of PCG Advisory. Please go ahead.
Jeff Ramson, CEO of PCG Advisory, PCG Advisory: Thank you, operator. Good morning, everyone, and thank you for joining us today. With me are Michael Farkas, CEO of NextEra Energy and Joel Kleiner, its CFO. Before we begin, please note that today’s call may contain forward looking statements based on current expectations and assumptions. These are subject to risks and uncertainties, and actual results may differ materially.
For more complete discussion, please refer to our Form 10 Q for the quarter ended 03/31/2025, filed with the SEC. With that, I’ll turn the call over to CEO, Michael Farkas.
Michael Farkas, CEO, NextEra Energy: Thank you, Jeff. Good morning, everyone. The first quarter of twenty twenty five was nothing short of transformational for NextEra Energy, a true inflection point in our journey. We are not just scaling, we are surging forward with momentum that reflects the strength of our vision and the power of execution. Revenue $16,300,000 in Q1 twenty twenty five, marking a remarkable 146% increase year over year.
This explosive growth was fueled by the expansion of our mobile fueling operations and a series of bold strategic acquisitions that are already delivering outsized returns. On the operational front, our delivery volumes rose to over 4,700,000 gallons, up from 1,700,000 gallons in Q1 twenty twenty four, a staggering 183% increase. This leap underscores the seamless integration of the Shell and Yoshi fleet assets along with the onboarding of major national accounts, including the world’s largest e commerce company, a partnership that speaks volumes about the caliber of our capabilities. Excuse me. Demand of our fueling solutions is not just growing, it’s accelerating.
To meet it, we’ve expanded into multiple new states, extending our footprint across the nation. Meanwhile, our technology pipeline is gaining serious transaction. From smart microgrid developments to cutting edge wireless EV charging, we are leading the digital and physical infrastructure for a distributed, intelligent, and sustainable energy future. NextEra Energy is not just growing. We are defining the future of energy, one gallon, one watt, and one breakthrough at a time.
Now I’ll hand it over to our CFO, Joel Kleiner, for a deeper look at our financials.
Joel Kleiner, CFO, NextEra Energy: Thank you, Michael. The first quarter of twenty twenty five was a defining chapter in NextEra Energy’s growth story. For the first three months ended March 31, NextEra Energy generated 16,300,000.0 in revenue, a 46% increase from 6,600,000.0 in q one twenty twenty four. This powerful performance was driven by a triple force of increased fleet volume, strategic pricing initiatives, and rapid geographic expansions. Cost of sales rose to $15,800,000 up from $6,100,000 in the previous year resulting in gross profit of approximately $517,000 While gross margins narrowed due to strategic spending on fleet scaling and other expansion costs, initiatives like volume based discounting and delivery optimization position us for improved margins in the quarters ahead.
Operating expenses totaled 6,300,000.0, the bulk of which 5,500,000.0 was G and A with an additional 733,000 in depreciation and amortization. This brought our loss from operation to 5,800,000.0, up from 1,900,000.0 in the same period last year. A reflection of our aggressive investment in infrastructure, balance and innovation to support future gains. We also recorded $3,200,000 in net and other net expenses primarily driven by interest on debt financing. This brought our net loss available to common shareholders to 8,900,000.0 or $1.6 per share compared to $2,700,000 or 1.48 per share in q one twenty twenty four.
Despite these near term losses, our balance sheet reflects growing strength. We closed the quarter with $2,100,000 in cash, a 31% increase from 1.6 at year end. Accounts receivables also saw a significant growth rising to 3,900,000.0 more than doubling from 1,600,000.0 in q one twenty twenty four reflecting the strong sales momentum. Additionally, we successfully raised over $50,000,000 in equity financing during the quarter, a strong vote of confidence in our strategy and a critical infusion of capital to fuel our bold national expansion. Back to you, Michael.
Michael Farkas, CEO, NextEra Energy: Thanks, Joel. As we look ahead, our focus is anchored in five bold growth initiatives that position NextEra Energy at the forefront of energy innovation. Number one, we’re making significant progress on our first smart microgrid deployment in Northern Florida, a major milestone in our vision to create resilient, intelligent energy systems that operate at the edge of the grid. In South Florida, we’re developing a cutting edge wireless easy charging pilot, teaching bidirectional capabilities, a glimpse into a future where vehicles aren’t just consumers of energy, but active participants in the grid. Number three, our mobile fueling operations are accelerating at full throttle.
We’re now live in more than a dozen major cities and expanding rapidly, delivering convenience and sustainability at scale. Number four, we’re locking new revenue streams by activating SaaS and licensing models tied to our proprietary energy infrastructure technologies. And five, we are finally finalizing a partnership with a seasoned industry financer in the sustainable energy sector. And together, we will secure financing, advance our technology and scale our one gigawatts over one gigawatts of utility microgrid projects in our pipeline. We believe we are uniquely positioned at the nexus of mobile logistics, AI powered energy infrastructure and clean transportation.
Thank you to our employees, partners, and shareholders. Your belief in our mission powers everything we do.
Conference Operator: And at this time, we will now begin the question and answer session.
Jeff Ramson, CEO of PCG Advisory, PCG Advisory: I’m sorry, I was on mute. I’m going to share questions that we received from investors. Mike, where are you with wireless charging?
Michael Farkas, CEO, NextEra Energy: Great question. As mentioned in earlier, we are in the process of deploying and developing a prototype pilot in Southern Florida. And that’s the first time anywhere on the planet that is gonna incorporate wireless charging and bidirectional capabilities. That’s something that we have a patent on, and we’re gonna be deploying that technology. In addition, because of the needs of of certain customers of ours, especially those that are heavily invested in warehouses, logistics, you know, delivery, and so on, you know, and and through conversations with our our biggest customer, we see that there’s a major need of this technology, not just outside on the streets, but literally in these facilities.
And not just for passenger vehicles, but for forklifts and robotics and all these types of equipment that are currently being used by these companies. And because of them not being able to be charged wirelessly and in motion, they need a substantial amount more of that equipment in order that once it’s charging and and offline that they have other equipment operating. And through our technology, certain equipment, these vendors will be able to reduce the amount of by a third and other equipment by a half and and and considerably change the entire footprint of these locations. So this technology that we have in the wireless charging side is not just for passenger vehicles and delivery vehicles, but it could really be used, and and I believe the biggest beneficiaries are it’s gonna be inside the buildings, inside these manufacturing facilities, inside these logistical centers. So we’re very excited about being able to to show our technology in that environment as well.
Jeff Ramson, CEO of PCG Advisory, PCG Advisory: Another question I have here is, how do you view how do you view NextEra Energy’s differentiation versus other mobile fueling or microgrid players in the market?
Michael Farkas, CEO, NextEra Energy: Excellent question. I I think when you understand our business and you look at the easy fill component and you look at our smart microgrid technology technologies, and you look at, you know, smart microgrid, and you combine all of this together, you really realize that it’s it’s a solution that’s necessary. There’s no other company today that can literally fill your internal combustion engine vehicle at your facility now, assist you with providing charging services for the vehicles that you’re using today that may need some wires, and and then also provide you with wireless charging in the future. But it’s not only that. The smart microgrid component allows us to generate that electricity at your location.
So you don’t have to rely solely upon the grid. So the biggest problem today, most people don’t realize this, you know, for for fleets to be able to go ahead and electrify, it’s not about getting a charging station anymore. It’s not about getting the vehicles. Those those are plenty. You get massive of those.
The problem today is actually getting the power at these locations to be able to provide the fuel for those vehicles. And the only company today that can really hold your hand and take you through that entire process and assist you in not only producing the energy for your vehicles, but for your entire facility. That’s what having all of these different components of our business allows us to do. We could fill your vehicle today with easy fill. We could charge your vehicle today using typical means.
In the future, we’ll be able to use wireless charging. And at the same time, we’ll be able to power your facility, store the energy there, and then allow that energy to be used not only for your fleets and for for mobility, but literally for your electronics, for your air conditioning, for your computers, for your robotics. That really separates us from every other single player out there. There’s no one that has these capabilities internally. And more importantly, nobody has the technology, the IT, and the patents that we do that allow us to drive these services.
Jeff Ramson, CEO of PCG Advisory, PCG Advisory: Great. One other question. So can you talk about AI powered energy infrastructure and maybe some examples of how it’s being implemented?
Michael Farkas, CEO, NextEra Energy: Yes. Okay. So when when you’re looking at a broad based grid scale deployment of of AI, it really hasn’t been done except for one place, which is Florida PowerLight. The technology that was developed in that $850,000,000 Department of Energy collaboration between NextEra Energy, Florida PowerLight, FIU, which is the university that we we got the technology from, and the Department of Energy, that really was the first implementation of AI and machine learning broad based deployment throughout the utility grid. And what happened was that technology took FPL from being one of the worst performing utilities in The United States to literally the most efficient in the world.
And all of that technology that was developed under that program ultimately is now ours. We licensed we acquired a company that licensed all of that technology. There’s a portfolio of patents. Four of them pertain to smart micro grid and utility operating system technologies, and three of them were were focused on wireless EV charging. It’s very important to note that on our utility operating system technology, that’s really where you see the deployment in of AI throughout the grid.
The efficiencies that Florida Power Light receives now allowed them in 2024 to reduce the cost of electricity to their consumers twice. No other utility in the world was able to do that. And really what this technology does is it allows utility grids to better predict what actual demand is going to be. The way utility grid works today is their supply and demand, and they always need to create way more supply than demand requires. Because if not, if there’s ever a spike, that’s when you have brownouts and blackouts and and and issues that you see in Puerto Rico and what we saw in in in Europe, you know, in the last couple of weeks.
So what our technology does, it’s able to monitor and understand and predict what that actual demand is gonna be, and then we’re able to supply the right amount of electricity for that. You’re talking savings, ten, twelve, 15, and even 17%. These are massive, massive savings. And it’s very, very, very beneficial for utilities to implement this technology. No one has done it besides f I besides FPL.
Our role now after gaining control of this technology is to allow and assist other utilities to deploy that exact same technology.
Jeff Ramson, CEO of PCG Advisory, PCG Advisory: Got it. Got it. Okay. Great. I I I don’t have any other questions here, Michael.
Conference Operator: This concludes our question and answer session. I would like to turn the conference back over to Michael Farkis for any closing remarks.
Michael Farkas, CEO, NextEra Energy: Yes. It was a pleasure. Keep on focusing on on looking at what we’re doing. Every day, we’re having, additional developments. We’re we’re at a really an amazing point to the business.
We’re starting to really see a major convergence between all of these different services. There are many, many fleet operators out there, hundreds of millions of vehicles globally that need services that we provide. And little by little, we’re getting that traction, and we believe that we’re gonna make a big impact in the energy markets globally. Thank you.
Conference Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.
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