secwatch.observer — SEC 8-K summary
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Issuer:     NextPlat Corp (NXPL)
CIK:        0001058307
Form:       8-K
Filed at:   2025-03-24T23:59:59+00:00
Accession:  0001437749-25-008963
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058307/000143774925008963/0001437749-25-008963-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058307/000143774925008963/nxpl20250122_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-008963

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