NextPlat (NASDAQ:NXPL) Announces Quarterly Earnings Results, Beats Expectations By $0.18 EPS

NextPlat (NASDAQ:NXPL) released its quarterly earnings results on Thursday. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.18, Zacks reports. The firm had revenue of $10.50 million during the quarter, compared to the consensus estimate of $13.00 million. NextPlat had a negative net margin of 20.38% and a negative return on equity of 54.66%.

Here are the key takeaways from NextPlat’s conference call:

• Profitability improved substantially year over year: Gross margin rose to 35% from nearly 20%, while operating loss narrowed to $0.8 million from $2.2 million. Revenue fell to $10.5 million from $13.8 million, but healthcare operations recorded positive operating income.
• Higher-margin 340B contract services grew sharply: Healthcare contract revenue increased to $2.4 million from $0.6 million a year earlier, as new clients came online. Management said recently added contracts are still onboarding and could contribute further growth into early 2027.
• Retail pharmacy faced continuing volume and reimbursement pressure: Prescription revenue was down year over year amid lower payer reimbursements, payer-mix changes, and reduced volumes. The closure of a customer facility also hurt sequential results and margins.
• E-commerce remained a source of growth and diversification: Revenue rose 3% year over year, and the company reported record high-margin recurring airtime revenue, with sales reaching customers in more than 115 countries. New sales channels include Decathlon in 20 countries, though e-commerce revenue declined 6% sequentially due largely to seasonality.
• Management expects the Scott’s Pharmacy acquisition to add to results: The company said the Pensacola pharmacy is performing ahead of margin expectations and forecast about $1.2 million in fourth-quarter revenue and $150,000 in net profit at current activity levels. The all-cash purchase cost $1.5 million.

NextPlat Stock Performance

NextPlat stock traded up $0.01 during trading hours on Friday, reaching $6.70. 19,415 shares of the stock were exchanged, compared to its average volume of 58,740. NextPlat has a 52-week low of $3.38 and a 52-week high of $9.94. The stock has a market cap of $18.16 million, a P/E ratio of -1.83 and a beta of 1.95. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.92 and a current ratio of 2.29. The firm’s 50 day moving average is $8.80 and its 200 day moving average is $6.88.

Analyst Ratings Changes

Several brokerages recently issued reports on NXPL. Wall Street Zen upgraded NextPlat to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextPlat in a research report on Wednesday, November 4th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $11.00.

NextPlat Company Profile

NextPlat Corp. (NASDAQ: NXPL) is a technology-focused company operating in the e-commerce and healthcare sectors. The company develops and manages online commerce businesses, including the sale of consumer products through major digital marketplaces and direct-to-consumer channels. Through its e-commerce operations, NextPlat provides online retail, marketplace management, and related digital commerce services designed to help brands market and distribute products across platforms such as Amazon, Walmart, eBay, and Shopify.