secwatch.observer — SEC 8-K summary
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Issuer:     NextPlat Corp (NXPL)
CIK:        0001058307
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001437749-24-016925
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058307/000143774924016925/0001437749-24-016925-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058307/000143774924016925/nxpl20240306_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-016925

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