secwatch.observer — SEC 8-K summary
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Issuer:     NextPlat Corp (NXPL)
CIK:        0001058307
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001493152-23-010507
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058307/000149315223010507/0001493152-23-010507-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058307/000149315223010507/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-010507

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