---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-023511"
form_type: "8-K"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T09:55:31.620199+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-023511
- form_type: 8-K
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058307/000143774923023511/0001437749-23-023511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000143774923023511/nxpl20230804_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-023511
- JSON: https://secwatch.observer/filing/0001437749-23-023511.json
- Plain text: https://secwatch.observer/filing/0001437749-23-023511.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000143774923023511/0001437749-23-023511-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.