Ezfill Holdings Inc Stock Price, News & Analysis

EzFill Holdings (NASDAQ: EZFL), a leader in the mobile fuel industry, has added 19 fleet accounts in the first two months of 2023, including 10 new accounts in February alone. These accounts represent various industries such as home improvement and food service, totaling approximately 140 vehicles and expected to deliver around 233,000 gallons of fuel annually. CEO Mike McConnell noted a strong retention rate and projected over 100 new fleet accounts by year-end, signaling substantial growth potential.

EzFill Holdings (NASDAQ: EZFL) has appointed industry expert Daniel Arbour to its Board of Directors and as an outsourced Chief Revenue Officer, overseeing technology, sales, and marketing efforts. Arbour, with over 16 years of experience at Shell Oil Company, is recognized for creating Shell TapUp, boosting sales by over 1000% across North America. EzFill aims to disrupt traditional fueling models with on-demand services, serving multiple sectors including consumer, commercial, and marine. The company seeks to capitalize on industry shifts towards mobile fueling as demand grows.

EzFill Holdings (NASDAQ: EZFL) announced an agreement with South Florida Motorsports to provide mobile fuel services for the Formula 1 Crypto.com Miami Grand Prix 2023, scheduled for May 5-7, 2023. The inaugural event in 2022 attracted over 240,000 spectators and showcased a newly paved, 3.36-mile track. EzFill expects to service over 300 assets for this year's operations, enhancing convenience and safety. CEO Mike McConnell highlighted the company's privilege in servicing such a prestigious event, which presents an opportunity to showcase EzFill's capabilities in the mobile fuel industry.

EzFill Holdings (NASDAQ: EZFL) reported strong growth for the fourth quarter of 2022, with revenues expected to reach $4.9 million, a 143% increase year-over-year. Full year revenues are anticipated at $15.0 million, marking a 108% rise. The company added nine new fleet accounts in January, projected to generate an additional $2 million in annual revenue from approximately 460,000 gallons of fuel deliveries. CEO Mike McConnell noted that these developments could enhance delivery volumes by nearly 10% compared to the previous quarter. Full year results will be disclosed in the second week of March 2023.

EzFill Holdings (NASDAQ: EZFL) has launched the EzFill NOW program in selected Miami zip codes, offering fuel delivery within 30 or 60 minutes. Customers can order directly via the EzFill app, enhancing convenience with options for Priority and Super Priority delivery. This service is open to both subscribers and non-subscribers, with discounts available for existing subscribers. CEO Mike McConnell highlighted that this initiative aims to transform the mobile fueling experience, tapping into the growing demand for on-demand services. EzFill continues to lead the mobile fuel industry in Florida, serving both consumers and commercial clients.

EzFill Holdings (NASDAQ: EZFL) expands operations in the Tampa Bay area to offer mobile fuel delivery services for vehicles and boats at residential locations and marinas. With a population of approximately 3.2 million, Tampa Bay represents a significant growth opportunity for EzFill, which began fleet fueling services in the area in August 2022. The CEO expressed optimism regarding the expansion, highlighting the convenience of the EzFill app for customers. The company aims to capture market demand across fleet, marine, and consumer segments while capitalizing on the decline of traditional gas stations.

EzFill Holdings, a leader in the mobile fuel industry, announced the addition of two fleet accounts: Ocean Cadillac and Florida Bus Service. Ocean Cadillac will receive fueling for around 80 vehicles weekly, including VIP vehicles for the 2023 Miami Open tennis tournament. Florida Bus Service, a charter service, will have fueling for 17 buses daily. CEO Mike McConnell emphasized the significance of these partnerships, showcasing EzFill’s commitment to on-demand fueling services that cater to both commercial and specialty customers.

EzFill Holdings (NASDAQ: EZFL) reported significant growth in fuel deliveries for Q4 2022, achieving approximately 1.24 million gallons, a 115% increase from Q4 2021 and a 25% rise from Q3 2022. The total for 2022 reached 3.6 million gallons, up 57% from 2.3 million gallons in 2021. CEO Mike McConnell expressed optimism for continued growth in 2023, highlighting the company’s leadership in the mobile fuel market and its unique position to capitalize on increasing demand for convenient fueling options.

EzFill Holdings (NASDAQ: EZFL) announced the addition of approximately 100 fleet accounts in 2022, with 10 new accounts added in December alone. These accounts span industries such as transportation, auto dealerships, and professional cleaning services, leading to an expected annual increase of 460,000 gallons of fuel deliveries. CEO Mike McConnell emphasized the growing acceptance of mobile fueling services, highlighting EzFill's competitive position in the rapidly expanding mobile fuel market.