NextPlat reports record Q1 revenue of $17.5M, up 508% YoY; net loss widens to $1.5M

NextPlat Corp

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

Consolidated Q1 revenue $17.5M vs $2.9M a year ago; gross margin improved to 27.5% from 21.6%.
Net loss $1.5M ($0.08/share) vs $1.2M ($0.08) in Q1 2023; cash balance $23.5M at quarter end.
E-commerce revenue $2.9M; healthcare operations (Progressive Care) contributed $14.6M.
Proposed all-stock merger with Progressive Care (OTCQB: RXMD) and acquisition of Outfitter Satellite closed April 1, 2024.
OPKO-branded storefront launched on Alibaba's Tmall Global in China on March 1, 2024; Florida Sunshine line expected Q3 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NextPlat Corp reported the first fiscal quarter ended March 31, 2024 results: revenue approximately $17.5 million, net income approximately $1.5 million, or ($0.08) per diluted share.

Period: the first fiscal quarter ended March 31, 2024
Revenue: approximately $17.5 million
Net income: approximately $1.5 million, or ($0.08) per diluted share
Result: reported results

Exact text from the filing

NextPlat Reports Record Consolidated Q1 2024 Revenues of $17.5 Million Compared to $2.9 Million in Q1 2023 (508% Increase)

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Source: SEC EDGAR

accession 0001437749-24-016925

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