NextNRG Inc.

Q2 revenue increased approximately 41% year over year to $27 million. Gross profit increased approximately 25% versus the prior-year quarter, and gross profit per gallon delivered improved to $0.33 from $0.27. Adjusted EBITDA loss narrowed to approximately $2.2 million from approximately $5.8 million a year ago, and diluted loss per share improved to approximately $0.04 from a $0.30 loss. Operating expenses excluding stock-based compensation declined approximately 26%, and interest expense fell approximately 38% year over year. The company completed a $6.4 million private placement during the quarter, and cash and cash equivalents were approximately $884,000 at quarter end. No formal next-quarter or full-year guidance was given on the call.

Michael D. Farkas framed the quarter as evidence that the company’s strategy is becoming clearer and more disciplined. He said NextNRG is focusing on three priorities: strengthening the operating business, commercializing the smart microgrid controller, and building EV charging, with each area reinforcing the others. His tone was constructive and confident, emphasizing execution, field deployments, and customer relationships over any single financial metric.

Joel Kleiner emphasized improving underlying economics, pointing to the 62% reduction in adjusted EBITDA loss, the 41% revenue increase to $27 million, and the 26% reduction in operating expenses excluding stock-based compensation. He said lower insurance, repairs and maintenance, and personnel costs drove part of the improvement, while interest expense fell 38% as the company simplified the balance sheet. He also noted the $6.4 million private placement and said cash was $884,000 at quarter end, while acknowledging the company still has work to do and is evaluating financing alternatives.

In Q&A, management was pressed on what organizational changes drove the stronger year-over-year progress, and Farkas said the company improved efficiency through better people, processes, staffing, and resource allocation. He was also asked what makes the smart microgrid controller different; he said it combines monitoring, predictive analytics, and actioning capabilities in one platform, and that customers are already viewing it as differentiated, though it is still early in commercial deployment. On the economics of fueling, Kleiner said gross profit per gallon improved from $0.27 to $0.33, and on EPS he said the improvement reflects lower stock-based compensation, lower interest expense, and better operating performance, but the company is still not profitable on a GAAP basis.