---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-010507"
form_type: "8-K"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T06:45:10.903891+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NextPlat reports 2022 revenue up 51% to $11.7M; net loss widens to $9.2M

## Summary
- Full-year 2022 revenue of $11.7M, up 51.3% vs 2021; Q4 revenue $2.6M, up 26.9% YoY.
- Net loss of $9.2M vs $8.1M in 2021; includes non-cash $1.7M loss on Progressive Care investment.
- Gross margin fell to 21.2% from 24.0% due to higher product costs and freight.
- Cash position $18.9M at year-end; raised over $15M through two common stock offerings.
- Strategic $7M investment in Progressive Care to enter healthcare e-commerce; added new CFO, compliance officer, director.

## SEC filing metadata
- accession: 0001493152-23-010507
- form_type: 8-K
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058307/000149315223010507/0001493152-23-010507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000149315223010507/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-010507
- JSON: https://secwatch.observer/filing/0001493152-23-010507.json
- Plain text: https://secwatch.observer/filing/0001493152-23-010507.txt

## Key facts
- Earnings Releases
  NextPlat Corp reported the full year ended December 31, 2022 results: revenue approximately $11.7 million, net income approximately $9.2 million.
  - Period: the full year ended December 31, 2022
  - Revenue: approximately $11.7 million
  - Net income: approximately $9.2 million
  - Result: reported results
  source text: M. Fernandez, Executive Chairman and CEO of NextPlat. Financial highlights of the year ended December 31, 2022 included: ● Revenues for the full year increased to approximately $11.7 million or approximately 51.3% over results reported for the full year ended December 31, 2021. Revenues in the fourth quarter of 2022 increased approximately 26.9% to approximately
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000149315223010507/0001493152-23-010507-index.htm

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