NEW YORK, May 20, 2026, 08:01 EDT
NextNRG Inc. shares fell in premarket on Wednesday after surging yesterday. Traders focused on the company’s record April revenue, but concerns lingered over its low cash and the need to raise more money.
The stock, listed on Nasdaq, finished Tuesday at $0.8201, jumping 100.02%. Shares were at $0.73 before the bell at 8:01 a.m. EDT. The Nasdaq opens for regular trading at 9:30 a.m. EDT.
NextNRG said preliminary revenue for April jumped 56% from last year to $9.4 million, setting a record for monthly sales. The Miami Beach-based company reported gross profit up 64% to around $778,000. Gross margin ticked up to 8.3%, compared to 7.9%.
That’s key now as NextNRG looks to scale up its mobile fueling business and build out its broader push into energy infrastructure, including microgrids and wireless EV charging. Microgrids are local power systems, with some able to keep operating when the main grid has issues.
NextNRG CEO Michael Farkas said April saw the company’s best revenue month in a release out today, noting a continued push for “operational discipline” in its fueling and energy infrastructure work. The company flagged that the results are preliminary and haven’t been audited, so final figures could change. GlobeNewswire
NextNRG’s April update came after its latest quarter showed revenue growing but losses deepening. The company posted Q1 revenue of $21.1 million, a 29% jump year over year. Gross profit was $1.7 million, over three times last year’s figure. Net loss increased to $10.8 million from $8.9 million.
Adjusted EBITDA, which excludes things like interest, depreciation, and stock-based pay, came in at a loss of $1.16 million. That’s better than the $3.40 million loss posted earlier. The company said its operating loss factored in $7.86 million of non-cash stock-based compensation.
Margin gains reported on the May 18 earnings call were “structural rather than one time,” CFO Joel Kleiner said, pointing to route optimization, fleet use and customer density. CEO Farkas told analysts the company’s microgrid pipeline touched commercial, healthcare, industrial, municipal and federal customers. He noted those deals take longer to close. StockAnalysis
Complex mix in the fleet-fueling market. Booster delivers gasoline and diesel directly to fleets on-site. ChargePoint is more about hardware and software for EV charging and fleet management. NextNRG is in between—making money from mobile fueling now, but also looking to microgrids and wireless charging in the future.
Capital is a problem. NextNRG’s latest quarterly filing showed $208,048 in cash on March 31, with a working-capital deficit of $25.0 million and an accumulated deficit at $164.7 million. The company said it needs new capital right away and warned there is substantial doubt it can keep operating as a going concern, an accounting term for when a company may not have enough funding to survive.
Listing pressure is in play too. Nasdaq notified NextNRG in March it had fallen below the $1 minimum bid-price requirement. The company has until Sept. 14, 2026 to fix it. Trading isn’t affected now, but NextNRG said there’s no guarantee it gets back into compliance.
Investors are watching to see if April’s jump in revenue signals a lasting shift or is just another swing in this volatile micro-cap. The real test will be audited numbers showing stronger sales and margins, along with signs that NextNRG can keep running without leaning harder on its current shareholders.
