earnings
confidence high
sentiment positive
materiality 0.75
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.
item 2.02item 9.01