secwatch.observer — SEC 8-K summary
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Issuer:     NextPlat Corp (NXPL)
CIK:        0001058307
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001493152-23-017501
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058307/000149315223017501/0001493152-23-017501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058307/000149315223017501/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-017501

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