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Mar 27, 2025 4:20 PM

NextNRG Reports Strong Fourth Quarter and Full Year 2024 Financial Results

Stronger Revenue, Improved Margins, and Expanded Volumes

— FY 2024 Revenue Increased 20% to $27.8 Million from $23.2 Million in 2023,, FY 2024 Gross Profit Grew 64% to $2.3 Million, Up from $1.4 Million in 2023,

— Q4 2024 Revenue Increased 21% to $6.9 Million from $5.7 Million in Q4 2023,, Q4 2024 Gross Profit Grew 97% to $652 Thousand, Up from $330 Thousand in Q4 2023,

Conference Call Scheduled March 31st at 4:30 PM ET

MIAMI, March 27, 2025 (GLOBE NEWSWIRE) -- NextNRG, Inc. (NASDAQ:NXXT), a pioneer in AI-driven energy innovation—transforming how energy is produced, managed, and delivered through its advanced Utility Operating System, smart microgrid technology, wireless EV charging, and on-demand mobile fuel delivery solutions— today reported financial results for the fourth quarter and fiscal year ended December 31, 2024, and provided a strategic update on its key growth initiatives.

The Company will hold a conference call to discuss its fourth quarter and full year 2024 financial results on March 31st at 4:30 pm ET. Dial in and webcast details are below.

Selected Financial & Operational Highlights

Metric

Q4 2024(unaudited)

Q4 2023(unaudited)

FY 2024

FY 2023

Revenue

$6.9M

$5.7M

$27.8M

$23.2M

Gross Profit

$652K

$330K

$2.3M

$1.4M

"We entered 2024 with the clear goal of laying the groundwork for long-term growth—and we believe we delivered on that vision," said Michael D. Farkas, CEO of NextNRG. "Through enhanced operating efficiency and higher-margin fuel delivery, we increased revenues by 20%, expanded gross profit, ...

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