NextPlat reports Q3 2023 revenue $15.3M (up 481%), net income $2.6M vs loss last year

NextPlat Corp

2023-Q3 EPS reported -$0.12 revenue$21,123,687

Consolidated revenue $15.3M, up 481% YoY vs $2.6M; healthcare ops contributed $12.4M.
Gross margin improved to 30% from 26% YoY; healthcare margin 31%, e-commerce margin 27%.
Net income $2.6M ($0.17 diluted EPS) vs net loss $5.7M ($0.60 loss) in Q3 2022; includes $6.1M non-cash gain.
Cash $26.3M at quarter end; debt-free balance sheet to fund growth and acquisitions.
Launched OPKO Health e-commerce agreement for China via Alibaba's Tmall Global, starting Q1 2024.

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 September 30, 2023 results: revenue approximately $15.3 million, net income approximately $2.6 million, or $0.17 diluted earnings per share, EPS $0.17 diluted earnings per share.

Period: the three months ended September 30, 2023
Revenue: approximately $15.3 million
Net income: approximately $2.6 million, or $0.17 diluted earnings per share
EPS: $0.17 diluted earnings per share
Result: reported results

Exact text from the filing

NextPlat Reports Consolidated Third Quarter 2023 Results with Increased Revenues of $15.3 Million, Margins Improve to 30% and $2.7 Million Net Income

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Source: SEC EDGAR

accession 0001437749-23-031810

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