NextPlat reports FY2025 revenue $54.3M, net loss $0.44/share; cost cuts of $2M+

NextPlat Corp

Revenue $54.3M, down 18% YoY; healthcare revenue fell to $39.7M, e-commerce rose to $14.6M.
Net loss attributable to common stockholders $11.7M ($0.44 per diluted share) vs $13.4M ($0.65) prior year.
Operating expenses cut 50% to $19.9M; headcount reduced >25%, $2M+ annualized cost savings.
Cash $13.7M, no meaningful debt, working capital $15M; gross margin fell to 20% from 26%.
New leadership: Rodney Barreto Chairman, David Phipps CEO, Amanda Ferrio CFO, Birute Norkute VP Healthcare.

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