NextNRG’s shares surged 46.4% following a quarter that outperformed expectations, driven primarily by materially improved gross margins and operational efficiencies in its mobile fueling business.

• Revenue rose 29% year-over-year to approximately $21.1 million, reflecting growth in mobile fueling volumes.
• Gross profit more than tripled to $1.7 million, lifting gross margin from 3.2% to 8.1%, powered by route optimization and better fleet utilization.
• Adjusted EBITDA loss narrowed significantly to negative $1.2 million from negative $3.4 million a year ago, indicating operational leverage despite ongoing net loss of $10.8 million.
• Operating loss increased due to nearly $7.9 million in noncash stock-based compensation related to shares issued for services.
• Cash on hand remains minimal at $208,000, and the company continues to evaluate financing and strategic options to support growth and working capital needs.