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- $17.7MMarket Cap
- -5.38%1-Year Change
- Software - ApplicationIndustry
NEXTPLAT (NXPL)
Key Performance
More- Earnings Score: N/A
- Momentum Score: 68
- True Yield: N/A
- Financial Health Score: N/A
Latest Research & News
NextPlat Corp announced a 1-for-10 reverse stock split effective April 13, 2026, consolidating approximately 26.9 million shares into 2.7 million shares. The company's common stock will continue trading under ticker symbol NXPL with a new CUSIP number. Shareholders with fractional shares will receive cash payments in lieu.
04/02/2026, 4:55 PM • Benzinga
NextPlat Corp reported strong sequential momentum in Q4 2025 with expected $55 million in annual revenue. The company expects significant gross margin expansion of 20-25% in Q1 2026, driven by growth in higher-margin 340B healthcare services and contracted fulfillment. Cost reduction initiatives and operational efficiencies are underway, with management expecting meaningful reductions in operating losses by mid-2026.
02/25/2026, 8:01 AM • Benzinga
NextPlat Issues CEO Shareholder Update Letter
NextPlat Corp provides an update on its strategic progress across healthcare services, communications, and e-commerce channels, highlighting cost reduction efforts, new contracts, and technology investments aimed at driving growth and profitability.
10/08/2025, 8:02 AM • Benzinga
NextPlat Issues Interim CEO Update Shareholder Letter
NextPlat's interim CEO David Phipps outlined strategic plans to improve healthcare and e-commerce divisions, focusing on operational efficiency, cost reduction, and exploring growth opportunities following the unexpected passing of former CEO Charles M. Fernandez.
06/30/2025, 8:01 AM • Benzinga
Peers
Statistics
MoreInformation as of 06/23/2026
Company Profile
NextPlat Corp operates as a healthcare and e-commerce company in Europe, North America, South America, Asia and Pacific, and Africa. It operates through two segments, e-Commerce Operations and Healthcare Operations. The company operates full-service retail and specialty services pharmacies that provide prescription pharmaceuticals, third-party administration, risk and data management, compounded medications, tele-pharmacy services, anti-retroviral medications, medication therapy management, medication adherence packaging, contracted pharmacy services, health practice risk management, disease testing, contracted pharmacy, and vaccinations services, as well as supplies prescription medications. It also operates e-commerce websites, as well as third-party e-commerce storefronts that provide mobile satellite services solutions for satellite-enabled voice, data, personnel and asset tracking, machine-to-machine, and internet of things connectivity services; voice, data communications, internet of things (IoT), and machine-to-machine services; tracking and monitoring services; satellite communications products; GPS enabled emergency locator distress beacons; satellite tracking devices used to monitor the location, movements, and history of anything that moves; and GTCTrack, a subscription-based mapping and tracking portal that provides a universal and hardware-agnostic, cloud-based data visualization and management platform. In addition, the company provides value-added services, such as prior authorization assistance, same-day home-medication delivery, on-site provider consultation services, primary care reporting and analytics, and customized packaging solutions. Further, it offers satellite phones, tracking devices, broadband terminals, messaging plans, and connectivity services. The company was formerly known as Orbsat Corp. and changed its name to NextPlat Corp in January 2022. NextPlat Corp was founded in 2008 and is headquartered in Hallandale Beach, Florida.
Key Executives
- David Phipps
- Amanda L. Ferrio
- Robert Bedwell
- Birute Norkute
- Paul R. Thomson
Current Ownership Distribution
- Insiders22.9M (82.83%)
- Institutions4.7M (17.17%)
- Mutual Funds0 (0.00%)
- Other0 (0.00%)