Executive Summary

Q4 2024 delivered double-digit top-line and margin expansion: revenue rose 21% to $6.9M and gross profit nearly doubled to $0.65M, driven by higher gallons and improved margin-per-gallon .
Headline KPIs strengthened: gallons delivered increased to 1.8M (+20% YoY) and average fuel margin per gallon improved to $0.71 vs. $0.65 a year ago .
No formal quantitative guidance was issued; management indicated it expects to provide smart microgrid pipeline guidance next quarter .
Near-term catalysts include the microgrid guidance update, progress on wireless EV charging, and continued momentum evidenced by record January/February 2025 monthly revenues and volumes .

What Went Well and What Went Wrong

What Went Well

Revenue and gross profit expanded materially: Q4 revenue rose 21% YoY to $6.9M and gross profit grew 97% YoY to $652K, reflecting improved pricing discipline and higher volumes .
Operational KPIs strengthened: gallons delivered increased to 1.8M (from 1.5M), and average margin per gallon improved to $0.71 (from $0.65) .
Strategic roadmap reinforced: “We entered 2024 with the clear goal of laying the groundwork for long-term growth—and we believe we delivered on that vision… Our pipeline in microgrids and EV infrastructure is larger than ever” — CEO Michael D. Farkas .

What Went Wrong

Profitability remains negative: EBITDA and net income for Q4 2024 stayed below breakeven despite margin gains, indicating continued scale-up and cost absorption pressures (see Financial Results table; values marked with asterisk)*.
Year-end liquidity was thin ahead of capital actions, with cash at $438,299 for FY 2024, necessitating subsequent financing to support growth .
Reliance on receivables financing and CEO guarantees in late March (Redstone and Mr. Advance agreements; Fee Agreement) underscores near-term funding needs despite February’s $15M offering .

Financial Results

Reported Q4 2024 Highlights (Press Release)

Metric	Q4 2023	Q4 2024
Revenue ($USD)	$5.7M	$6.9M
Gross Profit ($USD)	$330K	$652K
Gallons Delivered (Millions)	1.5	1.8
Avg Margin per Gallon ($USD)	$0.65	$0.71

Note: Company states strong YoY growth in revenue (+21%) and gross profit (+97%), driven by volume and pricing optimization .

Quarterly Fundamentals (S&P Global)

Metric	Q4 2023	Q2 2024	Q3 2024	Q4 2024
Revenue ($USD)	$5,690,746*	$7,394,778*	$6,985,963*	$6,792,419*
Gross Profit ($USD)	$374,202*	$547,326*	$606,825*	$686,927*
Gross Profit Margin (%)	6.58%*	7.40%*	8.69%*	10.11%*
EBITDA ($USD)	-$2,172,008*	-$2,219,619*	-$2,585,001*	-$2,560,060*
EBITDA Margin (%)	-38.17%*	-30.02%*	-37.00%*	-37.69%*
Net Income ($USD)	-$3,427,569*	-$5,616,385*	-$10,618,576*	-$2,849,645*
Diluted EPS ($USD)	-$1.891*	-$0.056*	-$0.706*	-$0.478*

Values retrieved from S&P Global.*

Cross-reference note: The press release cites Q4 gross profit of $652K , while S&P Global shows $686.9K*; the difference may reflect subsequent classification or timing adjustments.

Guidance Changes

Metric	Period	Previous Guidance	Current Guidance	Change
Smart Microgrid Pipeline	Next quarter (post-Q4)	Not provided	Company expects to issue expanded pipeline guidance next quarter	Pending
Revenue	Q4 2024 / FY 2024	Not provided	Not provided in Q4 release	Maintained (none)
Margins (gross/EBITDA)	Q4 2024 / FY 2024	Not provided	Not provided in Q4 release	Maintained (none)
OpEx / OI&E / Tax Rate	Q4 2024 / FY 2024	Not provided	Not provided in Q4 release	Maintained (none)
Dividends	Q4 2024	Not provided	No dividend announcement in the Q4 release	Maintained (none)

Earnings Call Themes & Trends

Call transcript was not available; call scheduled for March 31, 2025 (with webcast and replay details) .

Topic	Previous Mentions (Q-2, Q-1)	Current Period (Q4 2024)	Trend
AI/Technology Initiatives (Utility OS, microgrids)	Not disclosed in Q2/Q3 2024 filings we retrieved	Emphasis on AI/ML-driven Utility Operating System and Smart Microgrids, microgrid pipeline guidance forthcoming	Expanding focus
Wireless EV Charging	Not disclosed in Q2/Q3 2024 filings we retrieved	Advanced static/dynamic wireless EV charging with FIU licenses (bidirectional capability)	Progressing toward pilots
Mobile Fueling Platform (EzFill)	Not disclosed in Q2/Q3 2024 filings we retrieved	Higher volumes and margin/gallon; footprint expansion; integration with Shell trucks	Scaling
Macroeconomic/Tariffs/Supply Chain	Not disclosed	Not addressed specifically in the Q4 release	N/A
Capital & Liquidity	Not disclosed	$15M offering in Feb 2025 to strengthen balance sheet; receivables financing in Mar 2025	Strengthening but reliant on financing
Regional/Customer Trends	Not disclosed	New fleet accounts; e-commerce leader agreement cited in Jan update	Broadening anchor customers

Management Commentary

“Through enhanced operating efficiency and higher-margin fuel delivery, we increased revenues by 20%, expanded gross profit, while investing in transformative technologies. Our pipeline in microgrids and EV infrastructure is larger than ever…” — Michael D. Farkas, CEO .
“We believe NextNRG’s integrated platform—combining mobile fueling, wireless EV charging, and AI-optimized Utility Operating System and smart microgrids—is uniquely positioned to power the distributed energy future” — Management statement .
“Back-to-back record months underscore the power of our growing platform… integration of the Shell Oil fleet and our long-term agreement with a global e-commerce leader are now fueling real, measurable growth” — Michael D. Farkas (monthly update) .

Q&A Highlights

The Q4 2024 earnings call transcript was not available at time of review; call scheduled Mar 31, 4:30 pm ET, with webcast and replay details provided .
Guidance clarifications and any tone shifts will be assessable upon transcript availability .

Estimates Context

Consensus coverage for quarterly results was limited; no Q4 2024 EPS or revenue consensus was available in S&P Global for comparison to actuals. FY 2025 has minimal coverage.

Metric	Period	Consensus	# of Estimates	Actual	Beat/Miss
Revenue ($USD)	Q4 2024	N/A	N/A	$6.9M	N/A
EPS ($USD)	Q4 2024	N/A	N/A	-$0.478*	N/A
Revenue ($USD)	FY 2025	$82.45M	1	N/A	N/A
EPS ($USD)	FY 2025	-$0.56	1	N/A	N/A
Revenue ($USD)	FY 2024	N/A	N/A	$27.8M	N/A

Values retrieved from S&P Global for consensus and actuals where marked with asterisk.*

Key Takeaways for Investors

Q4 2024 demonstrated healthy operating momentum: revenue +21% YoY and gross profit +97% YoY on improved margin-per-gallon and higher volumes, validating pricing optimization and fleet expansion strategy .
Gross margin expansion continued to ~10%* in Q4 (vs. ~6.6% a year ago), but EBITDA and net income remain negative, indicating more scale and operating leverage needed before profitability* (see Financial Results).
Liquidity backstopped by a $15M offering in Feb 2025 and receivables financing arrangements; watch cash trajectory and any further financing needs .
Near-term stock catalysts: forthcoming quantitative guidance on microgrid pipeline, progress on wireless EV charging demonstrations, and continued monthly operational momentum evidenced in Jan/Feb 2025 updates .
Coverage gaps in quarterly consensus mean results are not benchmarked vs. Street; expect estimates to adjust as reporting cadence and scale improve (FY 2025 revenue consensus currently $82.45M with single-estimate coverage).
Strategic integration across mobile fueling, AI grid software, microgrids, and wireless charging positions the company for multi-revenue streams; execution and financing discipline will be key to derisk the path to profitability .
Actionable: monitor Q1/Q2 2025 reported actuals (Q1: ~$16.27M; Q2: ~$19.69M*) and margins, the microgrid pipeline guidance release, and any additional capital structure actions that could affect dilution or runway (values retrieved from S&P Global for Q1/Q2 actuals*).

Sources

Q4 2024 8-K 2.02 press release and Form 8-K:
Monthly updates and financing agreements (Q4 period context):
January 2025 revenue update:
Underwriting agreement / $15M offering:
Financials and estimates marked with asterisk are Values retrieved from S&P Global.*

NEXTNRG, INC. (NXXT)·Q4 2024 Earnings Summary