NextPlat (NXPL) AI Stock Analysis

• Market Cap: $20.51M
• Dividend Yield: N/A
• Average Volume (3M): 307.20K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.76
• 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: 25,963,050
• 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: 0.22
• 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: 41 Neutral
• Price Target: $0.50 ▼(-16.67% Downside)

NextPlat's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues, persistent losses, and cash flow challenges. Technical analysis also indicates bearish trends, with the stock trading below key moving averages and showing oversold signals. Valuation metrics further highlight the company's struggles with profitability, as evidenced by a negative P/E ratio. Despite some positive developments in the earnings call, such as cost reductions and segment turnarounds, these are not sufficient to outweigh the broader financial and technical challenges.

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: 0.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.6 is below the 20-day moving average (MA) of 0.75, below the 50-day MA of 0.79, and below the 200-day MA of 0.76, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 36.70 is Neutral, neither overbought nor oversold. The STOCH value of 15.14 is Positive, 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	$17.83M	-5.53	―	―	―	―
CXAI	43 Neutral	$12.63M	―	-80.59%	―	-27.47%	83.06%
RYDE	43 Neutral	$20.80M	-1.77	-354.82%	―	34.50%	70.55%
NXPL	41 Neutral	$20.51M	-1.72	-37.97%	―	-14.03%	52.39%

NextPlat Corporate Events

NextPlat Corp Reports Decline in Quarterly Revenue

NextPlat Corp, a Nevada-based company listed on the Nasdaq, operates in the e-Commerce and Healthcare sectors, providing satellite-enabled communication services and healthcare solutions. In its latest earnings report for the quarter ending September 30, 2025, NextPlat Corp reported a decrease in revenue and a net loss compared to the previous year. The company’s total revenue for the quarter was $13.75 million, down from $15.37 million in the same period last year, with a net loss of $2.19 million. The decline in revenue was primarily due to reduced sales in its Healthcare operations, particularly in the Pharmacy 340B contract revenue. Despite the challenges, the company managed to reduce its operating expenses significantly, which helped to narrow the loss. Looking ahead, NextPlat Corp’s management remains focused on strategic initiatives to enhance its service offerings and improve financial performance, although they acknowledge the uncertainties in the market environment.

NextPlat Corp. Earnings Call Reveals Mixed Results

In the recent earnings call, NextPlat Corp. presented a mixed performance, highlighting both challenges and opportunities. While the company achieved significant cost reductions and improvements in pharmacy revenue and operational efficiency, it faced a decline in overall revenue and gross margins, primarily due to difficulties in the Healthcare segment. However, the turnaround in the 340B business and strong sales in the e-commerce segment offer a cautiously optimistic outlook.

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.

The most recent analyst rating on (NXPL) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on NextPlat stock, see the NXPL Stock Forecast page.

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.

The most recent analyst rating on (NXPL) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on NextPlat stock, see the NXPL Stock Forecast page.

NextPlat Appoints New CEO and Chairman Amid Restructuring

On September 3, 2025, NextPlat appointed Rodney Barreto as Chairman of the Board and David Phipps as Chief Executive Officer, both previously serving in interim roles following the passing of the former Chairman and CEO in May 2025. The company is executing a business refocusing plan, including leadership changes, new business opportunities in healthcare, and cost-cutting measures like consolidating headquarters operations. These efforts aim to improve efficiency, financial outlook, and long-term growth, with significant implications for shareholders and the company’s market positioning.

The most recent analyst rating on (NXPL) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on NextPlat stock, see the NXPL Stock Forecast page.