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NextPlat (NXPL)
NASDAQ:NXPL
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NextPlat
(NASDAQ:NXPL)
48Neutral
NextPlat (NXPL) vs. S&P 500 (SPY)
Market Cap
$14.18M
Dividend YieldN/A
Average Volume (3M)403.56K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth73.44%
EPS Growth-205.59%
CountryUS
Employees162
SectorTechnology
Sector Strength69
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.70
Shares Outstanding25,963,050
10 Day Avg. Volume181,606
30 Day Avg. Volume403,561
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.74
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit0.64
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
NextPlat Business Overview & Revenue Model
Company DescriptionNextPlat (NXPL) is a technology-focused company that operates within the digital and e-commerce sectors. It specializes in developing and deploying innovative platforms that enhance the way businesses and consumers interact digitally. The company's core services include providing end-to-end e-commerce solutions, digital marketing tools, and advanced technology platforms that aim to optimize online business operations and customer engagement.
How the Company Makes MoneyNextPlat generates revenue primarily through its suite of digital and e-commerce services offered to businesses. The company earns money by selling subscription-based access to its technology platforms, which include tools for digital marketing, online sales optimization, and customer interaction enhancement. Additionally, NextPlat may engage in strategic partnerships with other technology and e-commerce companies to expand its service offerings and reach a broader audience. Revenue can also be derived from transaction fees, consulting services, and customized technology solutions tailored to specific business needs.
NextPlat Financial Statement Overview
Summary
NextPlat shows strong revenue growth and a solid equity position, yet struggles with profitability and cash flow generation. Persistent losses and negative cash flow ratios highlight the need for improved operational efficiency.Income Statement
NextPlat shows a significant increase in revenue with a 73.39% growth from 2023 to 2024. However, the company continues to operate at a loss, with a negative net income and declining EBIT and EBITDA margins. The gross profit margin is at 24.78%, which indicates some ability to cover direct costs, but overall profitability is hampered by high operational costs.45
Neutral
Balance Sheet
The balance sheet reflects a relatively strong equity position with an equity ratio of 73.16% and a low debt-to-equity ratio of 0.08. This indicates low leverage and a strong capital structure. However, the return on equity is negative due to persistent losses, highlighting profitability issues despite a stable financial base.60
Neutral
Cash Flow
Free cash flow is negative and has declined over the year, impacting the company's liquidity. The operating cash flow to net income ratio is negative, suggesting cash flow issues relative to earnings. Despite an increase in operating cash flow compared to previous years, the company struggles to generate positive free cash flow.40
Negative
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 65.48M | 37.76M | 11.71M | 7.74M | 5.69M | Gross Profit |
| 16.23M | 11.31M | 2.49M | 1.86M | 1.23M | EBIT |
| -23.62M | -9.33M | -7.20M | -6.62M | -2.03M | EBITDA |
| -20.48M | -19.68M | -6.71M | -6.29M | -1.42M | Net Income Common Stockholders |
| -14.03M | -3.78M | -7.42M | -9.57M | -3.81M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 19.96M | 26.31M | 18.89M | 17.27M | 728.76K | Total Assets |
| 36.48M | 64.47M | 28.64M | 20.57M | 2.63M | Total Debt |
| 2.26M | 3.01M | 1.08M | 329.91K | 746.33K | Net Debt |
| -17.70M | -23.30M | -17.82M | -16.94M | 17.57K | Total Liabilities |
| 9.68M | 16.38M | 2.86M | 3.03M | 2.07M | Stockholders Equity |
| 26.68M | 32.18M | 25.78M | 17.53M | 565.19K |
| Cash Flow | Free Cash Flow | |||
| -5.65M | -4.24M | -4.32M | -4.32M | -871.88K | Operating Cash Flow |
| -5.46M | -3.60M | -3.60M | -4.09M | -836.98K | Investing Cash Flow |
| -953.00K | 5.20M | -7.72M | -229.31K | -34.90K | Financing Cash Flow |
| 72.00K | 5.86M | 13.01M | 20.82M | 1.57M |
NextPlat Technical Analysis
Negative
0.54
Price Trends
0.79
Negative
0.95
Negative
1.05
Negative
Market Momentum
-0.08
Negative
37.70
Neutral
35.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NXPL, the sentiment is Negative. The current price of 0.54 is below the 20-day moving average (MA) of 0.58, below the 50-day MA of 0.79, and below the 200-day MA of 1.05, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 37.70 is Neutral, neither overbought nor oversold. The STOCH value of 35.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NXPL.
NextPlat Risk Analysis
NextPlat disclosed 35 risk factors in its most recent earnings report. NextPlat reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
NextPlat Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $19.43M | 27.05 | -12.92% | ― | 12.59% | 18.85% | |
60 Neutral | $10.95B | 10.52 | -7.07% | 3.00% | 7.30% | -12.04% | |
48 Neutral | $14.18M | ― | -47.65% | ― | 73.44% | -205.59% | |
47 Neutral | $15.81M | ― | -23.78% | ― | -24.19% | 72.41% | |
44 Neutral | $20.43M | ― | -83.85% | ― | -49.70% | -59.04% | |
43 Neutral | $116.60M | ― | 0.61% | ― | -6.51% | -1109.12% |
* Technology Sector Average
Performance Comparison
NXPL
NextPlat
0.54
-0.69
-56.10%
SMSI
Smith Micro Software
1.05
-1.51
-58.98%
ANY
Sphere 3D
0.60
-0.46
-43.40%
CREX
Creative Realities
1.86
-1.94
-51.05%
QH
Quhuo
1.30
0.73
128.07%
NextPlat Earnings Call Summary
Earnings Call Date:Mar 24, 2025
(Q4-2024)
| % Change Since: -47.06%|
Next Earnings Date:May 19, 2025
Earnings Call Sentiment Positive
The earnings call highlights a successful year with significant achievements in mergers, acquisitions, and revenue growth, particularly in the e-Commerce segment. However, challenges remain in the healthcare segment, with decreased gross profit margins and delays in China. The overall sentiment is positive given the strong revenue performance and strategic growth initiatives.Q4-2024 Updates
Positive Updates
Merger and Acquisition Success
Completed merger with Progressive Care and acquired Outfitter Satellite, expanding sales of satellite-related products in North America.
Record Revenue Achievement
Total revenue for the year was approximately $65.5 million, exceeding earlier sales guidance, primarily due to the healthcare segment's outperformance.
E-Commerce Segment Growth
66% increase in revenue from recurring airtime contracts; secured agreements with Starlink and Iridium, as well as major contracts with state governments and other organizations.
Successful Expansion in China
OPKO human healthcare products launched on JD.com, China's largest online retailer, leading to strong sales.
Negative Updates
Decrease in Gross Profit Margins
Gross profit from the healthcare segment decreased from 32% in 2023 to 25% in 2024, affected by medication price increases and stagnant payer reimbursement rates.
Challenges in Healthcare Segment
Earnings pressures due to U.S. Drug reimbursement not keeping pace with medication costs, affecting Pharmco's traditional retail pharmacy services.
Cash Position and Expenses
Ended the year with $20 million in cash, decreased due to non-recurring costs related to the Progressive Care merger and other acquisitions.
Delays in China Product Launches
Significant challenges and delays in launching OPKO healthcare products in China due to complex registration and customs requirements.
Company Guidance
During the NextPlat Corp 2024 earnings conference call, the company provided several forward-looking statements and key metrics highlighting their performance and future guidance. The company reported total revenue of approximately $65.5 million, exceeding previous estimates, largely due to the healthcare segment's outperformance in prescription fulfillment. Despite industry-wide challenges with medication price increases and payer reimbursement rates, the healthcare segment's gross profit margin decreased from 32% in 2023 to 25% in 2024. In the e-Commerce segment, gross profit slightly decreased to 25%, attributed to rising inventory costs and competitive price pressures. The company completed a merger with Progressive Care and an acquisition of Outfitter Satellite, bolstering revenues. They achieved a 66% increase in revenue from recurring revenue airtime contracts, thanks to partnerships with companies like Starlink and Iridium. Cash flow management remains a focus, with the aim to reach cash neutrality by 2026. The company ended 2024 with approximately $20 million in cash, partly reduced due to non-recurring expenses from the merger and acquisition activities. Looking forward, NextPlat aims to continue supporting organic growth across its segments and is not currently pursuing additional acquisitions. The company is optimistic about reducing operating losses in its healthcare segment by 2025 and achieving breakeven by 2026.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.