---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-017501"
form_type: "8-K"
ticker: "NXPL"
cik: "0001058307"
company_name: "NextPlat Corp"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T00:30:25.010681+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-017501
- form_type: 8-K
- ticker: NXPL
- cik: 0001058307
- company_name: NextPlat Corp
- filed_at: 2023-05-15T23:59:59+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/1058307/000149315223017501/0001493152-23-017501-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058307/000149315223017501/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-017501
- JSON: https://secwatch.observer/filing/0001493152-23-017501.json
- Plain text: https://secwatch.observer/filing/0001493152-23-017501.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1058307/000149315223017501/0001493152-23-017501-index.htm

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