Ezfill Holdings Inc Stock Price, News & Analysis

EzFill Holdings (NASDAQ: EZFL) has signed a fleet agreement with Cool Air USA to provide regular mobile fuel delivery services across Miami. This partnership enhances EzFill's service capabilities in South Florida, coinciding with their expansion into West Palm Beach. Recently, EzFill acquired Full Service Fueling Inc., enhancing its operational footprint. With decreasing gas station numbers, EzFill aims to capitalize on the growing demand for convenient fueling solutions, positioning itself as a leader in the on-demand mobile fuel industry.

EzFill Holdings (NASDAQ: EZFL) has successfully completed the acquisition of Full Service Fueling Inc., expanding its mobile fuel delivery operations across Florida. The acquisition includes fueling trucks and customer contracts, primarily targeting consumers. Additionally, EzFill has secured an operating and supply agreement with Palmdale Oil Company, enhancing its supply chain capabilities with preferred pricing. This strategic move aims to bolster EzFill's market share and operational efficiency in Florida's mobile fuel sector.

EzFill Holdings (NASDAQ: EZFL) has signed a new fleet agreement with SERVPRO of Brickell, enhancing its mobile fuel delivery services in Miami, Florida. Following a similar agreement with SERVPRO of North Miami in November, this expansion underscores the rising demand for EzFill's services. The company has added over 15 fleet customers since its IPO and anticipates further agreements. Additionally, EzFill is acquiring the assets of Full Service Fueling Inc. to bolster its operational capacity and has secured preferred pricing from Palmdale Oil Company for fuel supply.

EzFill Holdings reported a 102% revenue increase to $7.2 million for 2021 and a 77% rise in Q4 revenue to $2.0 million. The company posted a net loss of $(9.4 million) for 2021, slightly worse than $(7.3 million) in 2020. Notably, EzFill's cash position improved significantly to $16.9 million, attributed to its IPO and reduced debt. The company also signed an agreement to acquire Full Service Fueling Inc., enhancing expansion efforts. As of year-end 2021, 33 new fuel trucks were purchased, aiming to triple delivery fleet capacity.

EzFill Holdings, Inc. (NASDAQ: EZFL) has announced its first post-IPO acquisition by acquiring the assets of Full Service Fueling Inc. in West Palm Beach, Florida. This strategic move allows EzFill to expand its mobile fuel delivery services beyond the Miami area to cities like Tampa and West Palm Beach starting March 2022. With the acquisition, EzFill will enhance its fleet by purchasing 33 new fuel trucks, significantly growing its delivery capacity. The deal includes an operational agreement with Palmdale Oil Company for fuel supply, ensuring preferred pricing and additional support.

EzFill Holdings (Nasdaq: EZFL) will release its 2021 fourth quarter and full year financial results after market close on March 3, 2022. A conference call is scheduled for the same day at 5:00 p.m. ET to discuss these results. EzFill is prominent in the mobile fuel industry with substantial market share in Florida, aiming to transform fueling services through convenience and safety. Interested parties can join the call or access it via webcast, with a replay available until March 10, 2022.

EzFill Holdings (NASDAQ: EZFL), a leading mobile fueling provider in Florida, has entered an exclusive agreement to service Brickell Place Marina. The deal allows EzFill to regularly deliver fuel to over 200 marina customers through the EzFill App. This move capitalizes on the declining number of gas stations and growing demand for on-demand fueling, positioning EzFill as a key player in the mobile fueling industry.

EzFill Holdings, Inc. (NASDAQ: EZFL) has signed a new partnership with Monsignor Edward Pace High School in Miami, Florida, to provide mobile fueling services for the school's fleet of buses and staff vehicles. This agreement aims to reduce the stress of refueling for school staff, especially amid health concerns related to the COVID-19 pandemic. EzFill is positioning itself as a leader in the on-demand mobile fueling industry, with plans to expand partnerships with educational institutions, driving efficiency and convenience for its users.

EzFill Holdings (NASDAQ: EZFL) has signed a fleet agreement with Floridian Clinical Research in Miami Lakes, Florida, expanding its mobile fueling services. This partnership will allow EzFill to regularly service the research facility's delivery and transport vehicles, enhancing operational efficiency. With declining gasoline stations in the U.S., EzFill aims to capitalize on the growing demand for convenient fueling solutions. The company’s mobile service enables clients to avoid gas stations while ensuring safety and convenience, especially in light of COVID-19.