NextPlat Q1 revenue $9.9M, gross margin record 35%, net loss narrows 42% YoY

NextPlat Corp

Revenue $9.9M (down 29% YoY); consolidated gross margin record 35% vs 21% prior year.
Net loss $1.1M ($0.42/sh) vs loss $1.9M ($0.75) prior year, a 42% reduction.
Operating expenses down 9% to $4.5M; zero unsecured debt, $11.0M cash.
Healthcare contract revenue up 19% sequentially; five new 340B entities contracted.
e-Commerce secured $820K satellite IoT contract from UK/NATO; pipeline >$1.2M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NextPlat Corp reported the quarter ended March 31, 2026 results: revenue $9.9 million, net income approximately $1.1 million, EPS ($0.42) per diluted share.

Period: the quarter ended March 31, 2026
Revenue: $9.9 million
Net income: approximately $1.1 million
EPS: ($0.42) per diluted share
Result: reported results

Exact text from the filing

Consolidated revenue for the quarter ended March 31, 2026, was approximately $9.9 million, compared to approximately $13.9 million for the prior year period, an overall decrease of 29% which reflects the expected decline in overall healthcare revenue.

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Source: SEC EDGAR

accession 0001437749-26-016986

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