Business
EzFill Announces Preliminary Unaudited Revenues of Approximately $2.6 Million for April 2024, Up 32% From The Prior Year Period
Gross Profits Increased by Approximately 62% Net Loss decreased by Approximately $0.5 Million, Down 69% From The Prior Year Period Increased Gallons Delivered
About this update from Nextnrg, Inc.
[{"type":"text","content":"Gross Profits Increased by Approximately 62% Net Loss decreased by Approximately $0.5 Million, Down 69% From The Prior Year Period Increased Gallons Delivered by Approximately 30% from The Prior Year Period Added 7 New Commercial Accounts MIAMI, FL, June 20, 2024 (GLOBE NEWSWIRE) -- EzFill Holdings, Inc. (“EzFill” or the “Company”) (NASDAQ: EZFL), a pioneer and emerging leader in the mobile fuel industry, announced that, based on the information and data currently available, it had its best April on record, with revenues of approximately $2.6 million, an increase of approximately 32% from the prior year period. Additionally, the Company expects to report a gross profit of approximately $236,000, an increase of 62% from the prior year period. The revenue increase was driven primarily by strong growth in the construction equipment and generator business, fleet business and updates to the company’s technology allowing for increased margins. Contributing to this growth were adding 7 new commercial accounts. These new accounts include companies ranging from construction equipment/generators, large truck parking lots, transportation services and wholesale grocery transport. Yehuda Levy, EzFill’s Interim Chief Executive Officer, commented, “In April of 2024 we continue to achieve monthly record growth with the dedicated efforts of our team and the support of our customers. Our commitment to innovation and improving our operational efficiencies and margins has propelled us to achieve continuously better and better results. We remain steadfast in our mission to keep growing this amazing company.\" EzFill has not completed the preparation of its consolidated financial statements for the period ended April 30, 2024. The preliminary, unaudited results presented in this press release as of and for the period ended April 30, 2024 are based on current expectations and are subject to adjustment, as EzFill completes the preparation of its Q2 2024 consolidated financial statements. These preliminary, unaudited results are not a comprehensive statement of EzFill’s financial results for this period and should not be viewed as a substitute for financial statements prepared in accordance with generally accepted accounting principles. Actual results may differ materially from those disclosed in this press release. About EzFill EzFill is a leader in th...