How did NXXT's revenue and expenses trend in Q4 2024?

In Q4 2024, NextNRG (NXXT) experienced a decline in revenue and an increase in certain expenses, leading to a negative net income. 1. **Revenue Trend**: The company's revenue was $26.69 million, $20.25 million, and $1.08 million for the segments labeled "Fuel Sales" and "Other", respectively. This indicates a significant drop in revenue from the Fuel Sales segment, which could be a concern for the company's financial health. 2. **Expense Trend**: The Operating Expenses, Research and Development Expenses, and General and Administrative Expenses were all reported at $3.53 million. This suggests that the company's expenses were not significantly changing during the quarter. 3. **Net Income**: The net income for the quarter was -$2.85 million. This negative net income indicates that the company's revenue was not sufficient to cover its expenses, resulting in a financial loss. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |NXXT|NXXT.O|NextNRG|20240101-2024|Other|1076093|186| |NXXT|NXXT.O|NextNRG|20240101-2024|Other|728793|186| |NXXT|NXXT.O|NextNRG|20240101-2024|Other|510725|186| |NXXT|NXXT.O|NextNRG|20240101-2024|Other|193508|186| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |NXXT|NXXT.O|NextNRG|2024 Q1|19.144011910910002|-1899122|186| |NXXT|NXXT.O|NextNRG|2024 Q2|-36.14784606841107|-3361233|186| |NXXT|NXXT.O|NextNRG|2024 Q3|-262.6609417003707|-8075509|186| |NXXT|NXXT.O|NextNRG|2024 Q4|16.861046415112284|-2849645|186| |code|Ticker|Name|Date|Selling, General, and Administrative Expenses|R&D Expenses|Selling, General, and Administrative Expenses YoY|Operating Expenses YoY|Operating Expenses|R&D Expenses YoY|market_code| |---|---|---|---|---|---|---|---|---|---|---| |NXXT|NXXT.O|NextNRG|20240331|1765553||-28.512393849861507||||186| |NXXT|NXXT.O|NextNRG|20240630|2070102||-21.783593802543155||||186| |NXXT|NXXT.O|NextNRG|20240930|2219849||13.097073439638226||||186| |NXXT|NXXT.O|NextNRG|20241231|3529480||24.925891750101496||||186|