NextPlat Corp
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 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.
See the whole filing, with its images and exhibitsContents
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
(In thousands, except per share data)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Sales of products, net | $12,865 | $12,789 | $41,015 | $18,622 |
| Revenues from services | 2,502 | 2,501 | 8,834 | 2,501 |
| Revenue, net | 15,367 | 15,290 | 49,849 | 21,123 |
| Cost of products | 11,799 | 10,634 | 35,539 | 15,003 |
| Cost of services | 48 | 71 | 174 | 71 |
| Cost of revenue | 11,847 | 10,705 | 35,713 | 15,074 |
| Gross profit | 3,520 | 4,585 | 14,136 | 6,049 |
| Operating expenses: | ||||
| Selling, general and administrative | 2,293 | 4,187 | 6,516 | 7,496 |
| Salaries, wages and payroll taxes | 2,875 | 2,483 | 8,284 | 4,039 |
| Impairment loss | 3,729 | — | 13,653 | — |
| Professional fees | 2,144 | 521 | 4,133 | 1,385 |
| Depreciation and amortization | 478 | 871 | 2,287 | 1,201 |
| Total operating expenses | 11,519 | 8,062 | 34,873 | 14,121 |
| Loss before other (income) expense | (7,999) | (3,477) | (20,737) | (8,072) |
| Other (income) expense: | ||||
| Gain on sale or disposal of property and equipment | (98) | — | (98) | — |
| Interest expense | 22 | 46 | 62 | 56 |
| Interest earned | (183) | (210) | (596) | (393) |
| Other income | (2) | — | (2) | (316) |
| Foreign currency exchange rate variance | (119) | 165 | (87) | 95 |
| Total other (income) expense | (380) | 1 | (721) | (558) |
| Loss before income taxes and equity in net loss of affiliate | (7,619) | (3,478) | (20,016) | (7,514) |
| Income taxes | (45) | (23) | (92) | (75) |
| Loss before equity in net loss of affiliate | (7,664) | (3,501) | (20,108) | (7,589) |
| Gain on remeasurement of fair value of equity interest in affiliate prior to acquisition | — | 6,138 | — | 6,138 |
| Equity in net loss of affiliate | — | — | — | (1,440) |
| Net (loss) income | (7,664) | 2,637 | (20,108) | (2,891) |
| Net loss attributable to non-controlling interest | 3,448 | 811 | 9,100 | 811 |
| Net (loss) income attributable to NextPlat Corp | $(4,216) | $3,448 | $(11,008) | $(2,080) |
| Comprehensive (loss) income: | ||||
| Net (loss) income | $(7,664) | $2,637 | $(20,108) | $(2,891) |
| Foreign currency (loss) gain | 6 | 19 | (30) | (16) |
| Comprehensive (loss) income | $(7,658) | $2,656 | $(20,138) | $(2,907) |
| NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $(4,216) | $3,448 | $(11,008) | $(2,080) |
| Weighted number of common shares outstanding – basic | 18,982 | 18,703 | 18,844 | 17,079 |
| Weighted number of common shares outstanding – diluted | 18,982 | 20,310 | 18,844 | 17,079 |
| Basic (loss) earnings per share | $(0.22) | $0.18 | $(0.58) | $(0.12) |
| Diluted (loss) earnings per share | $(0.22) | $0.17 | $(0.58) | $(0.12) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.