NextPlat Corp
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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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.
Sep 30, 2025 · Filed Nov 13, 2025
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 CASH FLOWS
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Cash received from e-Commerce Operations revenue | $13,905 | $9,862 |
| Cash received from Healthcare Operations revenue | 30,002 | 43,162 |
| Cash received from interest income | 295 | 646 |
| Cash received from other sources | 201 | 367 |
| Cash paid for inventory purchases and other costs of revenue | (36,653) | (36,803) |
| Cash paid for salaries and related expenses | (7,872) | (10,293) |
| Cash paid for other recurring operating expenses | (5,270) | (8,401) |
| Cash paid for other non-recurring expenses | (389) | (3,418) |
| Cash paid for interest expense | (47) | (41) |
| Cash paid for income taxes | — | (69) |
| Net cash used in operating activities | (5,828) | (4,988) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of property and equipment | (34) | (221) |
| Proceeds from sale or disposal of property and equipment | 234 | 98 |
| Cash acquired in acquisition of Outfitter Satellite subsidiary | — | 236 |
| Cash paid in acquisition of Outfitter Satellite subsidiary | — | (1,094) |
| Net cash provided by (used in) investing activities | 200 | (981) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Repayments of notes payable | (253) | (139) |
| Payments on finance lease liabilities | (5) | (18) |
| Acquisition of issued common stock held in treasury | (100) | — |
| Proceeds from exercise of warrants | — | 85 |
| Capital contribution of non-controlling interest | — | 122 |
| Net cash (used in) provided by financing activities | (358) | 50 |
| Effect of exchange rate on cash | (48) | (28) |
| Net decrease in cash | (6,034) | (5,947) |
| Cash beginning of period | 19,960 | 26,307 |
| Cash end of period | $13,926 | $20,360 |
| Reconciliation of net loss to cash flow used in operating activities | ||
| Net loss | $(5,317) | $(20,108) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 445 | 595 |
| Change in allowance for credit losses | (94) | (50) |
| Change in inventory reserve | 21 | — |
| Amortization of intangible assets | 76 | 1,679 |
| Amortization of operating right-of-use assets | 283 | 241 |
| Amortization of finance right-of-use assets | 5 | 13 |
| Write-off of right-of-use asset | — | 111 |
| Impairment loss | — | 13,653 |
| Stock-based compensation | 216 | 1,637 |
| Loss (gain) on sale or disposal of property and equipment | 199 | (98) |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (13) | 3,055 |
| Inventories | (756) | (1,090) |
| Unbilled revenue | (69) | (30) |
| Prepaid expense | 148 | 229 |
| Deposits | 15 | (55) |
| Notes receivable | — | 75 |
| VAT receivable | — | (8) |
| Accounts payable and accrued expenses | (866) | (4,645) |
| Operating lease liabilities | (289) | (277) |
| Income taxes payable | 14 | 23 |
| Contract liabilities | 154 | 62 |
| Net cash used in operating activities | $(5,828) | $(4,988) |
Unless the context requires otherwise, references to the “Company”, “we”, “us”, “our”, “our Company”, or “our business” refer to NextPlat Corp and its subsidiaries.
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