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• A smaller, industrial and energy-focused Berkshire Hathaway.
• Like a publicly traded private equity firm for industrial and energy companies.
• A Danaher for the industrial and energy sectors.

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• Online Travel Booking Platforms: Provides consumers and businesses with digital platforms to book flights, hotels, car rentals, and vacation packages worldwide.
• Enterprise Travel Management: Offers integrated software solutions for businesses to manage corporate travel policies, bookings, and expenses efficiently.
• Travel Ancillary Services: Delivers personalized concierge support and various travel-related add-ons to enhance the booking and travel experience.

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Upon review, it appears that "NextNRG" with the symbol NXXT is a fictional company. There is no publicly traded company with this name and symbol listed on major stock exchanges.

As a result, I cannot identify its major customers or categories of customers, as such information does not exist for a non-real entity.

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Michael D. Farkas Founder & CEO

Michael D. Farkas is the Founder and CEO of NextNRG. He has a history of founding multiple companies, including Blink Charging Co. (2006), Balance Labs, Inc. (2014), NextNRG, Inc. (2025), The Farkas Group, Inc., NextNRG Holding Corp., and Atlas Group, Inc. He also serves as the Chairman & CEO of Atlas Equity Group, Inc. since 1993, and is the President, Secretary, Treasurer & Director of Ze'evi Group, Inc., and President of ECOtality, Inc. Notably, NextNRG Holding was acquired by NextNRG, Inc. for $350 million on February 14, 2025, and Blink Charging was acquired by Blink Holdings BV for $21.28 million on April 26, 2022.

Joel Kleiner CFO

Joel Kleiner is the Chief Financial Officer of NextNRG. He is an experienced finance professional with a track record of securing over $200 million in funding and orchestrating more than $400 million in acquisitions. His background includes experience at high-profile organizations such as the SEC and PwC. He was appointed as CFO of Balance Labs, Inc. in July 2024. NextNRG was formerly known as EzFill Holdings, Inc.

Dr. Arif Sarwat CTO

Dr. Arif Sarwat serves as the Chief Technology Officer of NextNRG. He is an Eminent Scholar Chaired Professor in the Department of Electrical and Computer Engineering and the Director of the FPL-FIU Solar Research Facility at Florida International University (FIU), bringing over 20 years of experience from both industry and academia. Prior to joining NextNRG, Dr. Sarwat worked at Siemens for more than nine years, where he received three recognition awards. He has also been the Director for AMAPPER Corporation since 2019, a company founded by the original founders of Greensmith Energy.

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The key risks to NextNRG's (NXXT) business are primarily centered around its financial stability, the challenges of executing its ambitious growth strategy, and the inherent competitive and regulatory pressures within its operating sectors.

1. Financial Health and Liquidity Risk: NextNRG faces significant financial challenges, characterized by poor financial strength, substantial debt levels, and negative shareholders' equity. The company consistently reports negative free cash flow and has a critically low current ratio of 0.23, indicating a severe liquidity warning and an inability to cover short-term obligations. An Altman Z-Score of -6.91 places NextNRG in a distress zone, suggesting a potential bankruptcy risk within two years. This precarious financial position necessitates continuous capital raises and reliance on follow-on equity offerings, which can lead to significant shareholder dilution.
2. Execution Risk and Path to Profitability: Despite reporting strong revenue growth, NextNRG has experienced widening net losses, highlighting a divergence between its growth trajectory and its ability to achieve profitability. Operating in the capital-intensive energy technology sector, the company's high burn rate suggests an ongoing need for substantial financing to sustain its operations and expansion initiatives. The simultaneous scaling of diverse and complex businesses, such as logistics software, microgrid development, and large-scale infrastructure projects, presents a considerable execution challenge, especially given its current financial state.
3. Competition and Industry-Specific Risks: NextNRG operates in highly competitive markets across all its segments, including logistics software, microgrid development, and electric vehicle charging. As a player in the utilities sector, the company is also exposed to regulatory and technological risks inherent to energy infrastructure projects. Furthermore, macroeconomic headwinds, such as elevated interest rates, can adversely impact the valuation of growth stocks like NextNRG, and tariffs on crucial components like solar and battery technologies add further cost pressures.

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NextNRG (NXXT) operates within several addressable markets, focusing on AI-driven energy innovation. While direct market sizes for some niche offerings like "on-demand mobile fuel delivery" are not readily available in broad market reports, market sizes for their key technology areas such as smart microgrids, renewable energy, battery storage, and wireless EV charging can be identified.

Here are the estimated addressable market sizes for NextNRG's main products and services:

• Smart Microgrids (integrating solar energy and battery storage): The global renewable energy market was valued at approximately USD 1,498.05 billion in 2024 and is projected to reach USD 4.86 trillion by 2033, growing at a CAGR of 14.9% from 2025 to 2033. The global stationary energy storage market, which includes battery storage for microgrids, was valued at USD 90.36 billion in 2024 and is projected to reach USD 231.06 billion by 2032, growing at a CAGR of 12.45%. Asia Pacific led the stationary energy storage market with a valuation of USD 48.74 billion in 2024. In terms of overall market size, the global energy storage market is estimated at USD 295 billion in 2025 and is expected to reach USD 465 billion by 2030, at a CAGR of 9.53%. North America is anticipated to show the fastest expansion in energy storage, with a 14.5% CAGR from 2025 to 2030. The global carbon capture and storage (CCS) market, which can be integrated into energy infrastructure, was valued at USD 3.54 billion in 2024 and is projected to grow to USD 14.51 billion by 2032. North America's CCS market alone stood at USD 2.29 billion in 2024.
• Wireless EV Charging Solutions: While specific market sizes for wireless EV charging were not found, the broader global battery energy storage market, which supports EV infrastructure, is estimated to be USD 50.81 billion in 2025 and is projected to reach USD 105.96 billion by 2030, at a CAGR of 15.8%. This growth is driven by the deployment of renewable energy and grid modernization.
• Next Utility Operating System (NextUOS® - AI for energy management): NextNRG positions itself within the global electricity market, which is estimated to be a $4 trillion market. The company's AI-integrated Utility Operating System aims to reduce generation and distribution costs by over 10%.

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NextNRG (NXXT) is anticipated to drive future revenue growth over the next 2-3 years through several key initiatives:

1. Expansion of Mobile Fueling Operations (EzFill): The company is experiencing rapid growth and multi-state expansion of its EzFill mobile fueling platform. This involves increasing fleet volume, securing strategic partnerships, and entering new markets and regions. NextNRG reported a 196% year-over-year increase in preliminary October 2025 revenue, driven by stronger utilization from new and existing customers and EzFill's regional expansion. Furthermore, the company expanded EzFill to 15 markets with 99 new trucks and secured Fortune 50 anchor clients, contributing to top-line growth and operational scale.
2. Deployment of AI-powered Smart Microgrids and the Next Utility Operating System (NextUOS): NextNRG is focused on developing and deploying AI-driven smart microgrids and its proprietary Next Utility Operating System. These solutions aim to optimize power generation, storage, and energy management for a diverse client base, including utilities, commercial properties, and governmental entities. The NextUOS is designed to generate long-term recurring revenues, with average contracts expected to be 20 to 30 years in duration, offering significant revenue visibility.
3. Commercialization of Wireless EV Charging Solutions: NextNRG is actively advancing its wireless electric vehicle (EV) charging technology from research and development to commercial pilots. The company is targeting industrial equipment operators, focusing on heavy machinery and fleet applications in logistics and construction sectors, with a goal of going live with applications in fulfillment logistics and fleet depots in 2026.
4. Strategic Acquisitions and Partnerships: Strategic inorganic growth and collaborations are expected to boost revenue. An example is the pending acquisition of ReFuel Mobile in Canada, anticipated to close by August 1, 2025, which is projected to immediately contribute to NextNRG's recurring revenue base and provide a platform for international expansion. Additionally, a strategic partnership with Hudson Sustainable Group, a renewable energy investor, aims to accelerate the buildout of U.S. energy infrastructure, offering priority access to capital for NextNRG's solar, battery, microgrid, and wireless EV charging projects.

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Share Issuance

• In February 2025, NextNRG completed a public offering of 5,000,000 common shares at $3.00 per share, raising $15 million in gross proceeds.
• The company sold 100,690,402 shares of its common stock without registration under the Securities Act in the three years prior to March 27, 2025.
• During 2025, NextNRG engaged in several debt-for-equity conversions, including the issuance of 1 million restricted shares to CEO Michael D. Farkas in September (valued at $1.67 million) to cancel outstanding debt, and 1,081,395 restricted shares at $2.15 per share to an existing lender in July.

Inbound Investments

• In Q2 2025, NextNRG formed a strategic partnership with Hudson Sustainable Group, a $13 billion renewable energy investor, to gain priority access to capital for expanding U.S. energy infrastructure projects, including solar, battery, microgrid, and wireless EV charging.

Outbound Investments

• NextNRG has a pending Canadian acquisition, indicating international expansion efforts.
• The company's "Net Change in Investments - Total" was $1 million in 2022 and $2 million in 2023.

Capital Expenditures

• NextNRG plans to develop a 200 MW smart microgrid on approximately 1,200 acres in Nassau County, Florida, with an additional 400 acres reserved for potential hyperscale data center development.
• The company is focused on ongoing capital expenditures to expand its AI-driven smart microgrids, wireless EV charging solutions, and mobile fueling operations.
• NextNRG's operations are characterized as capital-intensive, involving aggressive spending to secure market share in its integrated energy platform.