secwatch.observer — SEC 8-K summary
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Issuer:     NextPlat Corp (NXPL)
CIK:        0001058307
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001437749-23-031810
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058307/000143774923031810/0001437749-23-031810-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058307/000143774923031810/nxpl20230825_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-031810

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer