NextPlat Q3 2025: Revenue Dips but Losses Narrow Amid Efficiency Gains

NextPlat Corp (NASDAQ: NXPL, NXPLW) reported its third-quarter 2025 financial results, revealing consolidated revenue of approximately $13.8 million compared to $15.4 million in the prior year. The decline primarily stemmed from lower 340B pharmacy contract revenue, though the company noted that late-quarter customer re-engagement efforts drove improving prescription volumes expected to continue into Q4. Gross margin decreased to 19.9% from 23.2%, reflecting reduced Healthcare and e-commerce margins tied to the 340B revenue decline, new airtime costs, and temporary customer rate adjustments. Despite these challenges, NextPlat demonstrated significant operational improvements through companywide efficiency measures that reduced operating expenses to roughly $4.7 million from $7.8 million in the previous year.

The company's efficiency initiatives included reductions in stock-based compensation, executive compensation, and headcount, contributing to a substantially reduced net loss of approximately $2.2 million, or ($0.08) per diluted share, compared to a loss of $4.2 million, or ($0.22) per diluted share, in the same period last year. NextPlat ended the quarter with $13.9 million in cash and repurchased 130,549 shares during the period, signaling confidence in its financial position. As a global consumer products and services company, NextPlat operates through its e-Commerce communications division offering voice, data, tracking, and IoT products worldwide, while its subsidiary Progressive Care provides pharmacy and healthcare data management services in the United States. The company's strategic approach focuses on helping businesses optimize their e-Commerce presence and revenue through acquisitions, joint ventures, and collaborations.

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