NextPlat Q1 2023 revenue $2.9M (+26% core YoY); net loss widens to $1.2M

NextPlat Corp

2023-Q1 EPS reported -$0.08 revenue$2,876,153

Revenue ~$2.9M, up 26% from core Q1 2022 revenue and 11% sequentially from Q4 2022.
Net loss of $1.2M vs $0.9M in Q1 2022; gross margin 21.6% vs 22.4%.
Cash $16.7M at quarter-end; post-quarter raised $6.0M via private placement of common stock above market.
Introduced 100+ new products in Q1; targets 500 by Q2 end. Launched e-commerce program via Alibaba Tmall for Florida businesses.

item 2.02 item 9.01

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 three months ended March 31, 2023 results: revenue approximately $2.9 million, net income approximately $1.2 million.

Period: the three months ended March 31, 2023
Revenue: approximately $2.9 million
Net income: approximately $1.2 million
Result: reported results

Exact text from the filing

Executive Chairman and CEO of NextPlat. Financial highlights of the three months ended March 31, 2023 included: ● Revenues for the first quarter of 2023 were approximately $2.9 million, an increase of 26% from the core revenue reported by the Company in its first quarter 2022 results after accounting for the non-recurring revenue of $1.3 million generated as a

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Source: SEC EDGAR

accession 0001493152-23-017501

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