---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-011809"
form_type: "8-K"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:15:09.255614+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001437749-24-011809
- form_type: 8-K
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058307/000143774924011809/0001437749-24-011809-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000143774924011809/nxpl20240411_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-011809
- JSON: https://secwatch.observer/filing/0001437749-24-011809.json
- Plain text: https://secwatch.observer/filing/0001437749-24-011809.txt

## Key facts
- Earnings Releases
  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
  source text: --- 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000143774924011809/0001437749-24-011809-index.htm

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