NXXT

The company has articulated three clear, mutually reinforcing strategic priorities that guide all decision-making: strengthening the existing core operating business, commercializing proprietary smart microgrid technology, and building out the EV charging business. Below are key highlights per priority:

• Core Mobile Fueling Operating Business

  • Grew revenue more than 40% year over year, expanded the operating footprint into Gainesville, Florida, and supported fueling operations for a major international sporting event
  • The business generates recurring commercial fleet customer relationships and hands-on operational expertise, creating an advantage for expanding into broader energy solutions that customers are increasingly requesting
  • Operational efficiency improvements have driven 22% growth in gross profit per gallon even amid volatile fuel commodity prices, from optimized labor routing and scheduling

• Smart Microgrid Controller Commercialization

  • The AI-powered controller is cited as the company's most valuable developed asset; it manages all connected distributed energy resources (utility power, batteries, solar, backup generation) to optimize efficiency across the entire microgrid
  • The current priority is real-world field deployment to gain operating experience, refine the product, build customer references, and demonstrate value, rather than remaining in lab development

• EV Charging Business Development

  • The near-term focus is on incremental deployment of current-generation EV charging solutions to build operating experience, customer relationships, and infrastructure foundations
  • Long-term development is focused on dynamic wireless charging and bi-directional charging technologies, which the company views as the future of EV charging for both commercial fleets and passenger vehicles, with successful sales and deployments completed in Q2 2026

• Organizational Improvements

  • Over the past year, the company added new talent across the business, updated internal processes, restructured staffing, reallocated resources, and eliminated inefficiencies to improve company-wide execution, resulting in a stronger operating and financial foundation

Management did not provide specific quantitative forward guidance or explicit upward/downward revisions to prior long-term targets. Management reaffirmed that the company's current progress (growing revenue, improving cost structure, reducing financing costs, delivering consistent operating improvements) is aligned with its long-term business plan for building a scalable, profitable business. Management emphasized that the company remains focused on continuing to deliver steady, measurable progress across its three strategic priorities and ultimately translating revenue growth into improving profitability.

The transcript does not break out financial performance for separate product segments; all results are reported on a consolidated company basis. Consolidated Q2 2026 revenue increased 41% year over year to $27 million. Adjusted EBITDA loss decreased 62% year over year to $2.2 million, from $5.8 million in Q2 2025. Gross profit increased 25% year over year, and gross profit per gallon delivered grew 22% from 27 cents in Q2 2025 to 33 cents in Q2 2026. Operating expenses (excluding stock-based compensation) declined 26% year over year. Interest expense declined 38% year over year. Diluted loss per share improved to $0.04 per share loss from a $0.30 per share loss in the prior year quarter. As of Q2 end, cash and cash equivalents totaled approximately $884,000.

Management disclosed that all forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from expectations, and investors are referred to the company's recent SEC filings for full details of relevant risk factors. The company noted that it has not yet reached profitability, and as of quarter end held only $884,000 in cash and cash equivalents, with management actively evaluating additional financing alternatives to support ongoing operations and growth.

Q: What internal organizational changes have driven the company's much stronger performance compared to one year ago? / A: Management focused on improving overall business efficiency through company-wide changes. The firm added strong new talent across departments, revised processes, restructured staffing, reallocated resources, and eliminated unnecessary spending and inefficiencies to improve execution. A growing core operating business also provided a stronger financial and operational foundation, and scaling the business gave leadership clearer insight into what initiatives work and where discipline is needed.

Q: What makes Next NRG's smart microgrid controller different from competing energy management systems already on the market? / A: Unlike competitors that typically offer separate, siloed systems for individual energy assets, monitoring, or predictive analytics, Next NRG combined all these capabilities into a single integrated platform. The controller monitors full system activity, uses predictive AI to anticipate changes, and automatically translates insights into actionable outputs like work orders for operators, creating an intelligent layer for the entire microgrid. The technology was developed over years of R&D, and the company is now focused on proving its value through real-world commercial deployment.

Q: What does the significant year-over-year improvement in adjusted EBITDA and 26% reduction in operating expenses signal about the underlying business? / A: The improvement confirms the company is starting to see operating leverage, meaning revenue is growing faster than incremental operating costs rather than growing only by adding costs at the same rate. This matches the company's long-term goal of having a larger share of incremental revenue flow through to the bottom line as the business scales, and the firm delivered on its prior commitment to eliminate the one-time large stock-based compensation expense reported in the year-ago quarter.

Q: How should investors interpret the significant improvement in loss per share in the context of the company's overall results? / A: The improvement in diluted loss per share reflects multiple positive underlying trends: a large reduction in stock-based compensation, lower interest expense from balance sheet simplification, and improved core operating performance. Management emphasizes the company is still not profitable, but the consistent direction of improvement (growing revenue, cutting costs, lowering financing burdens) is encouraging. The long-term goal is to make future earnings improvements increasingly driven by the core operating business itself.