NextPlat (NXPL) AI Stock Analysis

• Market Cap: $17.22M
• Dividend Yield: N/A
• Average Volume (3M): 307.20K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.92
• Revenue Growth: -14.03%
• EPS Growth: 52.39%
• Country: US
• Employees: 162
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.08
• Shares Outstanding: 26,304,987
• 10 Day Avg. Volume: 353,303
• 30 Day Avg. Volume: 307,201
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 0.34
• P/FCF Ratio: -3.94
• Enterprise Value/Market Cap: 0.27
• Enterprise Value/Revenue: 0.08
• Enterprise Value/Gross Profit: 0.55
• Enterprise Value/Ebitda: -0.64
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: $0.62 ▲(0.16% Upside)

NextPlat's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and negative profitability. Technical analysis and valuation metrics further highlight challenges, with bearish trends and a negative P/E ratio. While recent corporate events and earnings call insights provide some optimism, significant improvements are needed to enhance the company's financial health and stock attractiveness.

Positive Factors

Leadership Changes

The appointment of a new CFO and CEO as part of a strategic refocusing plan is expected to enhance financial operations and drive sustainable shareholder value.

Cost Reduction and Efficiency

Significant cost reductions and efficiency improvements indicate a focus on operational optimization, which can enhance profitability and cash flow over time.

E-commerce Segment Growth

Continued growth in high-margin e-commerce sales reflects strong demand and potential for recurring revenue, supporting long-term business sustainability.

Negative Factors

Revenue Decline

An 11% decline in revenue highlights ongoing challenges in maintaining market share and competitiveness, potentially impacting future growth.

Cash Flow Challenges

Negative cash flow trends indicate financial strain, limiting the company's ability to reinvest in growth opportunities and manage debt effectively.

Gross Margin Decline

A decline in gross margins suggests pressure on profitability, potentially affecting the company's ability to sustain competitive pricing and invest in innovation.

NextPlat Business Overview & Revenue Model

Company Description

NextPlat Corp, together with its subsidiaries, provides mobile satellite services (MSS) solutions for satellite-enabled voice, data, personnel and asset tracking, machine-to-machine, and Internet of Things (IoT) connectivity services in the United States and internationally. It offers satellite communications products, which enable users to make voice calls, send and receive text messages and emails, and transmit GPS location coordinates virtually; GPS enabled emergency locator distress beacons that enables essential communication between customers, and search and rescue organizations during emergency situations and pinpoint locational information to search and rescue services; and SolarTrack, an IoT tracking device powered by the sun for tracking and monitoring anything that moves or remote asset used outdoors. The company also offers GTCTrack, a subscription-based mapping and tracking portal that allows managers to track, command, and control assets in near-real-time. The company provides its solutions for businesses, governments, military, humanitarian organizations, and individual users. It offers its products and services directly to end users and reseller networks; operates e-commerce websites that offer a range of MSS products and solutions; and offers portable satellite voice, data, and tracking solutions through various third-party e-commerce storefronts. The company was formerly known as Orbsat Corp. and changed its name to NextPlat Corp in January 2022. NextPlat Corp is headquartered in Coconut Grove, Florida.

How the Company Makes Money

NextPlat generates revenue through multiple streams, primarily from subscription fees for its software platforms, transaction fees from e-commerce activities, and consulting services. The company offers tiered subscription models that provide clients with varying levels of access to its tools and analytics, allowing for scalable solutions tailored to different business sizes. Additionally, NextPlat earns income from performance-based marketing services, where they charge clients based on the success of digital campaigns. Partnerships with major retailers and service providers also contribute significantly to its earnings, as these collaborations expand NextPlat's market reach and enhance its service offerings.

NextPlat Financial Statement Overview

Summary

NextPlat faces significant financial challenges across all verticals. The income statement shows declining revenues and persistent losses, while the balance sheet reflects low leverage but poor returns on equity. Cash flow issues further exacerbate the situation, with negative growth and coverage ratios. The company needs to address operational inefficiencies and improve profitability to enhance its financial health.

Income Statement

NextPlat's income statement reveals significant challenges, with declining revenue and negative profit margins. The TTM data shows a revenue decline of 2.75%, and the net profit margin is deeply negative at -17.64%. Despite a slight improvement in EBIT and EBITDA margins compared to previous years, they remain negative, indicating ongoing operational inefficiencies.

Balance Sheet

The balance sheet shows a relatively low debt-to-equity ratio of 0.08, suggesting limited leverage, which is a positive aspect. However, the return on equity is negative at -42.32%, indicating that the company is not generating returns for its shareholders. The equity ratio is not provided, but the overall financial stability appears weak due to persistent losses.

Cash Flow

Cash flow analysis highlights a concerning trend with negative operating and free cash flows. The free cash flow growth rate is negative at -23.88% in the TTM period, and the operating cash flow to net income ratio is also negative, reflecting cash flow challenges. The free cash flow to net income ratio is slightly above 1, indicating that free cash flow is marginally covering net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	57.15M	65.48M	37.76M	11.71M	7.74M	5.69M
Gross Profit	8.35M	16.23M	11.31M	2.49M	1.86M	1.23M
EBITDA	-7.17M	-20.15M	-19.68M	-6.71M	-6.29M	-1.42M
Net Income	-8.33M	-14.03M	-3.78M	-9.16M	-8.11M	-2.76M
Balance Sheet
Total Assets	30.01M	36.48M	64.47M	28.64M	20.57M	4.67M
Cash, Cash Equivalents and Short-Term Investments	13.93M	19.96M	26.31M	18.89M	17.27M	728.76K
Total Debt	1.71M	2.26M	3.01M	1.07M	365.22K	746.33K
Total Liabilities	8.47M	9.68M	16.38M	2.87M	3.03M	4.10M
Stockholders Equity	21.43M	26.68M	32.18M	25.78M	17.53M	565.19K
Cash Flow
Free Cash Flow	-6.31M	-5.65M	-4.24M	-4.32M	-4.32M	-871.88K
Operating Cash Flow	-6.30M	-5.46M	-3.60M	-3.60M	-4.09M	-836.98K
Investing Cash Flow	228.00K	-953.00K	5.20M	-7.72M	-229.31K	-34.90K
Financing Cash Flow	-336.00K	72.00K	5.86M	13.01M	20.82M	1.57M

NextPlat Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.62
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 0.62 is below the 20-day moving average (MA) of 0.62, below the 50-day MA of 0.73, and below the 200-day MA of 0.73, indicating a bearish trend. The MACD of -0.02 indicates Negative momentum. The RSI at 44.03 is Neutral, neither overbought nor oversold. The STOCH value of 47.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NXPL.

NextPlat Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
IPM	47 Neutral	$16.26M	-5.13	―	―	―	―
RYDE	46 Neutral	$55.63M	-1.57	-354.82%	―	34.50%	70.55%
CXAI	45 Neutral	$11.45M	―	-80.59%	―	-27.47%	83.06%
NXPL	42 Neutral	$17.22M	-1.92	-37.97%	―	-14.03%	52.39%

NextPlat Corporate Events

NextPlat Enters Strategic Consulting Agreement with Barreto

On December 5, 2025, NextPlat Corp entered into a consulting agreement with Barreto Group, owned by Rodney Barreto, to provide business development and strategic consulting services. The agreement, effective from December 1, 2025, has an initial term of three years with automatic renewals and includes an annual consulting fee of $52,000. This move is expected to enhance NextPlat’s operational capabilities and strategic positioning in the market.

NextPlat Granted Nasdaq Extension to Regain Compliance

On October 29, 2025, NextPlat Corp announced that it received a 180-day extension from Nasdaq to meet the minimum bid price requirement for its common stock, which had fallen below $1.00 per share for 30 consecutive trading days. The extension allows NextPlat until April 27, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 per share for ten consecutive business days. This extension does not immediately affect the listing of NextPlat’s stock on Nasdaq, and the company is exploring options, including a reverse stock split, to address the deficiency. Failure to meet the requirement could result in delisting, though NextPlat remains committed to compliance and is closely monitoring its share price.

NextPlat Announces New CFO Amid Leadership Transition

On October 13, 2025, NextPlat Corp announced a leadership transition with the resignation of Cecile Munnik as Chief Financial Officer and the appointment of Amanda L. Ferrio as her successor. Ms. Ferrio, who has been with Progressive Care, a subsidiary of NextPlat, since 2022, brings over 15 years of experience in accounting and finance to her new role. This internal promotion is part of NextPlat’s ongoing efforts to refocus its business and enhance its financial operations. The transition is expected to support the company’s plans to improve financial performance and drive sustainable shareholder value.