earnings
confidence high
sentiment negative
materiality 0.70
NextPlat Q3 2024 net loss $4.2M vs prior-year income; 9-month revenue $49.8M (+136%)
NextPlat Corp
2024-Q3 EPS reported
-$0.58
revenue$49,849,000
- Net loss attributable to common shareholders $4.2M ($0.22/sh) in Q3 2024 vs net income $3.4M ($0.17/sh) in Q3 2023.
- Nine-month consolidated revenue $49.8M, up 136% YoY, driven by Progressive Care acquisition. Full-year guidance $60–65M.
- Non-cash impairment losses of $13.7M recognized in 9M 2024 on Progressive Care goodwill; company expects no further impairments.
- Healthcare Operations filled 128,000 prescriptions in Q3 (+5% YoY); e-commerce airtime revenue grew 94% vs prior year.
- Completed all-stock merger with Progressive Care on Oct 1; OPKO China e-commerce program extended four years, expanded to Japan.