NextPlat Q2 2023 revenue $3.0M, net loss $4.3M; consolidates Progressive Care

NextPlat Corp

2023-Q2 EPS reported -$0.34 revenue$5,833,515

Q2 2023 revenue $3.0M vs $2.9M YoY; gross margin rose to 28.5% from 19.8%.
Net loss of $4.3M includes $1.4M non-cash charge from Progressive Care investment.
Cash at quarter end $20.6M; private placement raised $6.0M in April 2023.
Now controls 53% voting of Progressive Care; will consolidate results from July 1, 2023.
Asia sales doubled, N.America up 44% sequentially; launched Alibaba Tmall Global program.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NextPlat Corp reported the three months ended June 30, 2023 results: revenue $3.0 million, net income $4.3 million.

Period: the three months ended June 30, 2023
Revenue: $3.0 million
Net income: $4.3 million
Result: reported results

Exact text from the filing

and CEO of NextPlat. Financial highlights of the three months ended June 30, 2023, included: ● Revenues for the second quarter and six months of 2023 were approximately $3.0 million and $5.8 million, respectively, an increase from revenues of approximately $2.9 million reported in the second quarter of 2022, and a decrease of revenues reported in the six

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Source: SEC EDGAR

accession 0001437749-23-023511

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