secwatch.observer — SEC 8-K summary
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Issuer:     NextPlat Corp (NXPL)
CIK:        0001058307
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001437749-23-023511
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058307/000143774923023511/0001437749-23-023511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058307/000143774923023511/nxpl20230804_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-023511

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