NextPlat Corp

For the period ended Mar 31, 2025. Filed May 15, 2025.

About 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.

Mar 31, 2025 · Filed May 15, 2025

NXPL$8.35-5.0%Stored close · as of Nov 10, 2026

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Contents

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

(In thousands, except per share data)

	Three Months Ended March 31,
	2025	2024
Sales of products, net	$13,082	$14,120
Revenues from services	1,443	3,373
Revenue, net	14,525	17,493
Cost of products	11,052	12,620
Cost of services	10	10
Cost of revenue	11,062	12,630
Gross profit	3,463	4,863
Operating expenses:
Selling, general and administrative	1,432	1,372
Salaries, wages and payroll taxes	2,715	3,310
Impairment loss	—	132
Professional fees	605	985
Depreciation and amortization	170	208
Intangible asset amortization	26	698
Total operating expenses	4,948	6,705
Loss before other (income) expense	(1,485)	(1,842)
Other (income) expense:
Interest expense	18	21
Interest earned	(108)	(215)
Foreign currency exchange rate variance	(61)	26
Total other (income) expense	(151)	(168)
Loss before income taxes and non-controlling interest	(1,334)	(1,674)
Income taxes	(9)	(27)
Net loss	(1,343)	(1,701)
Net loss attributable to non-controlling interest	—	220
Net loss attributable to NextPlat Corp	$(1,343)	$(1,481)
Comprehensive loss:
Net loss	$(1,343)	$(1,701)
Foreign currency loss	(11)	(27)
Comprehensive loss	$(1,354)	$(1,728)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$(1,343)	$(1,481)
Weighted number of common shares outstanding – basic and diluted	25,963	18,725
Basic and diluted loss per share	$(0.05)	$(0.08)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.