Short answer
NEXTNRG, INC. (NXXT) filed its fiscal 2024 10-K annual report with the SEC on Mar 27, 2025. It reported revenue of $28M (+19.6% year over year) and net income of −$16M.
- Top risk flagged: Regulatory risk from Florida Fire Prevention Code Section 42.12 with lack of designated Authority Having Jurisdiction for mobile fueling in Miami-Dade County
FY2024 key financial metrics · XBRL
- Revenue
- $28M
- +19.6% YoY
- Net income
- −$16M
- −54.6% YoY
- Operating margin
- -26.2%
- +11.8 pp YoY
- EPS (diluted)
- −$4.66
- −67.0% YoY
- ROE
- -751.0%
- −1300.4 pp YoY
- Operating cash flow
- −$5M
- +31.0% YoY
Source: XBRL data from the NEXTNRG, INC. (NXXT) FY2024 10-K on SEC EDGAR. USD.
NEXTNRG, INC. FY2024 10-K analysis
AI summary of each section, grounded in the filing text
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 profitability or margin percentages disclosed for fiscal year 2025
- 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
Generated from the filing text; verify against the original. How to read a 10-K
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