NextPlat Corp
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 14, 2024
NXPL$8.35-5.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(In thousands, except per share data)
| Three Months Ended | Three Months Ended | Six Months Ended | Six Months Ended | |
|---|---|---|---|---|
| June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 | |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |
| Sales of products, net | $14,030 | $2,957 | $28,150 | $5,834 |
| Revenues from services | 2,959 | - | 6,332 | - |
| Revenue, net | 16,989 | 2,957 | 34,482 | 5,834 |
| Cost of products | 11,120 | 2,113 | 23,741 | 4,369 |
| Cost of services | 63 | - | 126 | - |
| Cost of revenue | 11,183 | 2,113 | 23,867 | 4,369 |
| Gross profit | 5,806 | 844 | 10,615 | 1,465 |
| Operating expenses: | ||||
| Selling, general and administrative | 2,218 | 2,519 | 4,220 | 3,308 |
| Salaries, wages and payroll taxes | 2,785 | 968 | 5,409 | 1,556 |
| Impairment loss | 9,792 | - | 9,924 | - |
| Professional fees | 1,004 | 544 | 1,989 | 865 |
| Depreciation and amortization | 903 | 168 | 1,810 | 330 |
| Total operating expenses | 16,702 | 4,199 | 23,352 | 6,059 |
| Loss before other (income) expense | (10,896) | (3,355) | (12,737) | (4,594) |
| Other (income) expense: | ||||
| Gain on sale or disposal of property and equipment | - | - | (1) | - |
| Interest expense | 19 | 5 | 41 | 10 |
| Interest earned | (197) | (172) | (412) | (183) |
| Other income | - | (266) | - | (316) |
| Foreign currency exchange rate variance | 5 | (40) | 31 | (69) |
| Total other income | (173) | (473) | (341) | (558) |
| Loss before income taxes and equity in net loss of affiliate | (10,723) | (2,882) | (12,396) | (4,036) |
| Income taxes | (20) | (52) | (47) | (52) |
| Loss before equity in net loss of affiliate | (10,743) | (2,934) | (12,443) | (4,088) |
| Equity in net loss of affiliate | - | (1,407) | - | (1,440) |
| Net loss | (10,743) | (4,341) | (12,443) | (5,528) |
| Net loss attributable to non-controlling interest | 5,432 | - | 5,652 | - |
| Net loss attributable to NextPlat Corp | $(5,311) | $(4,341) | $(6,791) | $(5,528) |
| Comprehensive loss: | ||||
| Net loss | $(10,743) | $(4,341) | $(12,443) | $(5,528) |
| Foreign currency loss | (27) | (12) | (9) | (35) |
| Comprehensive loss | $(10,770) | $(4,353) | $(12,452) | $(5,563) |
| NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | $(5,311) | $(4,341) | $(6,791) | $(5,528) |
| Weighted number of common shares outstanding – basic and diluted | 18,824 | 18,072 | 18,774 | 16,254 |
| Loss per share - basic and diluted | $(0.28) | $(0.24) | $(0.36) | $(0.34) |
See the accompanying notes to condensed consolidated financial statements.
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