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NextPlat Corp — Third Quarter 2026 Earnings Summary

  • Consolidated revenue decreased 24% year-over-year to $10.5 million, while gross profit improved nearly 35% with consolidated gross margins expanding to 35.0% from 19.9% in the prior-year period.
  • Net loss narrowed 66% to $0.7 million ($0.28 per diluted share) as total operating expenses fell to $4.5 million, supported by a 300% surge in Healthcare contract revenue to $2.4 million.
  • Strategic growth initiatives include the post-quarter acquisition of Scott's pharmacy in Pensacola, the upcoming Jacksonville location opening, and a Q4 launch of a nationwide medication fulfillment website to expand beyond Florida.
  • The company maintains a strong liquidity position with $11.2 million in cash and no material unsecured debt, while anticipating retail prescription volume increases in the fourth quarter driven by new acquisitions and international marketplace expansion.
Company
NEXTPLAT CORP
Sector
Technology
Industry
Software - Application