NEXTNRG, INC. (NXXT) FY2024 10-K Annual Report
NEXTNRG, INC. (NXXT) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Mar 27, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
NEXTNRG, INC. FY2024 10-K Analysis
Business Overview
- • Core business: AI/ML-powered smart microgrids integrating renewable energy, battery storage, EV wireless charging, and mobile fuel delivery
- • New emphasis on deploying wireless EV charging solutions with patented static and dynamic charging technology, including bidirectional vehicle-to-grid capability
- • Strategic focus on expanding deployments on underserved tribal lands and converting shuttered coal plants to solar energy facilities
- • Nearly $750 million in planned smart microgrid projects across diverse properties including municipal, tribal, commercial, and rural sites
- • Wireless EV charging patented parking bumper enables seamless vehicle alignment and contactless payment, aiming to commercialize automated EV charging
Management Discussion & Analysis
- • No revenue figures or YoY changes disclosed in MD&A section provided
- • No profitability or margin percentages disclosed for fiscal year 2025
- • No segment financial performance detailed in text provided
- • No cash flow, buybacks, dividends, or capital expenditure amounts mentioned
- • No forward-looking guidance or emerging risk commentary included in the excerpt
Risk Factors
- • Regulatory risk from Florida Fire Prevention Code Section 42.12 with lack of designated Authority Having Jurisdiction for mobile fueling in Miami-Dade County
- • Geopolitical exposure to Israel war and Ukraine invasion causing volatile product demand and limiting fuel supply, impacting pricing and availability
- • Supply chain dependence on two principal Florida fuel suppliers, including one without a written agreement and a company shareholder
- • Competitive risk from larger EV charging companies with greater resources threatening NextNRG’s wireless charging adoption and contract wins
- • Financial risk as liquidity only sufficient through June 30, 2025, requiring dilutive capital raises to continue operations beyond that date
NEXTNRG, INC. FY2024 Key Financial MetricsXBRL
Revenue
$28M
▲ +19.6% YoY
Net Income
-$16M
▼ -54.6% YoY
Operating Margin
-26.2%
▲ +1179bp YoY
Net Margin
-58.3%
▼ -1319bp YoY
ROE
-751.0%
▼ -130039bp YoY
Total Assets
$12M
▲ +113.0% YoY
EPS (Diluted)
$-4.66
▼ -67.0% YoY
Operating Cash Flow
-$5M
▲ +31.0% YoY
Source: XBRL data from NEXTNRG, INC. FY2024 10-K filing on SEC EDGAR. All figures in USD.
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