NextPlat Q2 revenues surge 474% to $17M; expects $70M FY2024 revenue

NextPlat Corp

Consolidated Q2 revenue $17.0M (vs $3.0M YoY); gross margin record 34.2% (up from 28.5%).
Net loss $5.3M ($0.28/share) vs $4.3M ($0.24); includes $9.8M non-cash impairment.
Healthcare revenue $13.5M; e-commerce $3.5M including Outfitter Satellite acquired April 2024.
Cash $24.9M; full-year revenue guidance ~$70M; 17% prescription volume growth.
Merger with Progressive Care expected to close early Oct after shareholder vote Sept 13.

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