NextPlat reports FY2023 revenue $37.8M (+222% YoY); net loss narrows to $3.8M

NextPlat Corp

2025-Q1 EPS reported -$0.08 revenue$17,493,000

Consolidated revenue $37.8M (+222% YoY); gross margin improved to 30% from 21%.
Net loss $3.8M ($0.22 diluted EPS) vs $9.2M loss ($0.96) in prior year.
Cash $26.3M at year-end; included $13.9M non-cash goodwill impairment.
Healthcare subsidiary Progressive Care contributed $26.8M revenue since July 2023 consolidation.
Launched OPKO storefront on Alibaba Tmall Global (Mar 2024); acquired Outfitter Satellite (Mar 26, 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 fiscal year ended December 31, 2023 results: revenue $37.8 million, net income $3.8 million, EPS $0.22 diluted earnings per share.

Period: fiscal year ended December 31, 2023
Revenue: $37.8 million
Net income: $3.8 million
EPS: $0.22 diluted earnings per share
Result: reported results

Exact text from the filing

--- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_652486.htm EXHIBIT 99.1 ex_652486.htm Exhibit 99.1 NextPlat Reports Consolidated Year-End 2023 Results with Increased Revenues of $37.8 Million, Record Annual Margins of 30% and $26.3 Million in Cash Company Expands Healthcare and Technology Focus Through the Launch of its E-Commerce Development Program with Alibaba ’ s

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Source: SEC EDGAR

accession 0001437749-24-011809

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