NextPlat (NASDAQ:NXPL) Issues Quarterly Earnings Results

NextPlat (NASDAQ:NXPL) posted its earnings results on Thursday. The company reported ($0.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.18, Zacks reports. NextPlat had a negative return on equity of 54.66% and a negative net margin of 20.38%.

Here are the key takeaways from NextPlat’s conference call:

• Profitability improved substantially year over year: Gross margin rose to 35% from nearly 20%, while operating loss narrowed to $0.8 million from $2.2 million. Revenue fell to $10.5 million from $13.8 million, but healthcare operations recorded positive operating income.
• Higher-margin 340B contract services grew sharply: Healthcare contract revenue increased to $2.4 million from $0.6 million a year earlier, as new clients came online. Management said recently added contracts are still onboarding and could contribute further growth into early 2027.
• Retail pharmacy faced continuing volume and reimbursement pressure: Prescription revenue was down year over year amid lower payer reimbursements, payer-mix changes, and reduced volumes. The closure of a customer facility also hurt sequential results and margins.
• E-commerce remained a source of growth and diversification: Revenue rose 3% year over year, and the company reported record high-margin recurring airtime revenue, with sales reaching customers in more than 115 countries. New sales channels include Decathlon in 20 countries, though e-commerce revenue declined 6% sequentially due largely to seasonality.
• Management expects the Scott’s Pharmacy acquisition to add to results: The company said the Pensacola pharmacy is performing ahead of margin expectations and forecast about $1.2 million in fourth-quarter revenue and $150,000 in net profit at current activity levels. The all-cash purchase cost $1.5 million.

NextPlat Stock Down 18.7%

NextPlat stock traded down $1.55 during mid-day trading on Thursday, hitting $6.74. The company’s stock had a trading volume of 48,273 shares, compared to its average volume of 58,911. NextPlat has a 52-week low of $3.38 and a 52-week high of $9.94. The company has a market cap of $18.29 million, a PE ratio of -1.84 and a beta of 1.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.29 and a quick ratio of 1.92. The firm’s 50 day moving average is $8.86 and its 200 day moving average is $6.88.

Analyst Upgrades and Downgrades

NXPL has been the topic of several research analyst reports. Wall Street Zen raised shares of NextPlat to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of NextPlat in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.00.

NextPlat Company Profile

NextPlat Corp. (NASDAQ: NXPL) is a technology-focused company operating in the e-commerce and healthcare sectors. The company develops and manages online commerce businesses, including the sale of consumer products through major digital marketplaces and direct-to-consumer channels. Through its e-commerce operations, NextPlat provides online retail, marketplace management, and related digital commerce services designed to help brands market and distribute products across platforms such as Amazon, Walmart, eBay, and Shopify.