---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-008963"
form_type: "8-K"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2025-03-24T23:59:59+00:00"
generated_at: "2026-05-24T06:17:12.376411+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NextPlat FY2024 revenue $65.5M (+73% YoY); net loss widens to $14.0M

## Summary
- Revenue $65.5M in FY2024 (+73% YoY) driven by full-year Healthcare Operations; net loss $14.0M ($0.68/diluted share) vs $3.8M loss ($0.22) in FY2023.
- Gross margin fell to 24.8% due to medication price pressures and rising hardware costs; operating expenses $40.0M.
- Completed all-stock merger with Progressive Care and acquisition of Outfitter Satellite; Healthcare filled 514k prescriptions.
- China e-Commerce launched on Alibaba Tmall and JD.com; OPKO program extended to Japan; Florida Sunshine brand expected late Q2 2025.
- Cash at year-end $20.0M; net cash burn $6.3M including $3.4M non-recurring merger costs and $1.0M Outfitter acquisition.

## SEC filing metadata
- accession: 0001437749-25-008963
- form_type: 8-K
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2025-03-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1058307/000143774925008963/0001437749-25-008963-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000143774925008963/nxpl20250122_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-008963
- JSON: https://secwatch.observer/filing/0001437749-25-008963.json
- Plain text: https://secwatch.observer/filing/0001437749-25-008963.txt

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