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NextPlat (NXPL)
NASDAQ:NXPL
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NextPlat
(NASDAQ:NXPL)
Rating:46Neutral
Price Target:
$0.50
▼(-18.03%Downside)
NextPlat (NXPL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$15.84M
Dividend YieldN/A
Average Volume (3M)121.57K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue Growth19.37%
EPS Growth-197.96%
CountryUS
Employees162
SectorTechnology
Sector Strength77
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.05
Shares Outstanding25,963,050
10 Day Avg. Volume63,581
30 Day Avg. Volume121,574
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)0.44
Price to Sales (P/S)0.00
P/FCF Ratio-3.09
Enterprise Value/Market Cap-0.02
Enterprise Value/Revenue>-0.01
Enterprise Value/Gross Profit-0.02
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
NextPlat Business Overview & Revenue Model
Company DescriptionNextPlat 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 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 Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q1-2025)
| % Change Since: -4.69%|
Next Earnings Date:Aug 18, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with significant achievements, particularly in the e-commerce and healthcare segments, countered by substantial challenges, especially due to tariff issues affecting the U.S. business and a decline in overall revenue.Q1-2025 Updates
Positive Updates
Steady Growth in Satellite Products
The satellite products business continues to see steady growth and additions to new domestic and foreign contracts.
Performance Bonus in Healthcare
A substantial performance bonus was received from a payer recognizing strong execution and focus on quality in the healthcare segment.
Expansion in 340B Pharmacy Service Agreements
Several 340B pharmacy service agreements were signed, expected to contribute to revenue growth and provide more favorable margins.
Global Growth in E-commerce Operations
Significant global growth in e-commerce operations with recurring revenue from airtime contract sales increasing by 51%.
Progress with OPKO Products in China
Delays with OPKO products in China have been addressed, with additional product inventory secured and initial in-store sales commenced.
Negative Updates
Revenue Decline
Total revenue for the first quarter was approximately $14.5 million, down from $17.5 million in the same period last year.
Challenges with Florida Sunshine Product Launch
The launch of Florida Sunshine products in China was paused due to tariff challenges, significantly impacting anticipated growth.
Decline in Gross Profit Margin
Gross profit margin decreased in both healthcare and e-commerce segments, driven by lower 340B contract revenue and new costs in e-commerce.
Healthcare Segment Revenue Challenges
Decline in prescription volume influenced by changes in provider relationships and insurance network adjustments.
Impact of Tariffs on U.S. Business
The U.S. business, including the Florida Sunshine line, faces significant challenges due to tariffs, delaying growth plans.
Company Guidance
During the NextPlat Corp. 2025 First Quarter Earnings Conference Call, the company outlined several key metrics and developments impacting its business segments. The total revenue for the first quarter was reported at approximately $14.5 million, down from $17.5 million in the same period last year. This decline was attributed to changes in the 340B pharmacy service agreements and a decrease in prescription volume. In the e-commerce segment, there was a notable 51% increase in recurring airtime revenue, driven by growth in Internet of Things sales and the impact of the Outfitter acquisition. However, these gains were offset by a decline in hardware sales. The company ended the quarter with a cash position of approximately $17.7 million. Significant challenges were noted in launching Florida Sunshine products in China due to tariff issues, which could impact expected growth into 2026. The company is exploring strategic alternatives, including potential sales, mergers, and partnerships, to generate and protect shareholder value.NextPlat Financial Statement Overview
Summary
NextPlat demonstrates strong revenue growth and a stable financial structure with low leverage. However, the company faces challenges with profitability and cash flow generation. The negative margins and cash flow ratios indicate the need for improving operational efficiency and cost management to achieve sustainable growth in the software application industry.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 | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 62.52M | 65.48M | 37.76M | 11.71M | 7.74M | 5.69M | Gross Profit |
| 14.88M | 16.23M | 11.31M | 2.49M | 1.86M | 1.23M | EBIT |
| -23.40M | -23.62M | -9.33M | -7.20M | -6.62M | -2.03M | EBITDA |
| -20.85M | -20.15M | -19.68M | -6.71M | -6.29M | -1.42M | Net Income Common Stockholders |
| -13.89M | -14.03M | -3.78M | -7.42M | -9.57M | -3.81M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 17.74M | 19.96M | 26.31M | 18.89M | 17.27M | 728.76K | Total Assets |
| 35.20M | 36.48M | 64.47M | 28.64M | 20.57M | 2.63M | Total Debt |
| 2.03M | 2.26M | 3.01M | 1.08M | 329.91K | 746.33K | Net Debt |
| -15.71M | -17.70M | -23.30M | -17.82M | -16.94M | 17.57K | Total Liabilities |
| 9.75M | 9.68M | 16.38M | 2.86M | 3.03M | 2.07M | Stockholders Equity |
| 25.34M | 26.68M | 32.18M | 25.78M | 17.53M | 565.19K |
| Cash Flow | Free Cash Flow | ||||
| -4.99M | -5.65M | -4.24M | -4.32M | -4.32M | -871.88K | Operating Cash Flow |
| -4.84M | -5.46M | -3.60M | -3.60M | -4.09M | -836.98K | Investing Cash Flow |
| -912.00K | -953.00K | 5.20M | -7.72M | -229.31K | -34.90K | Financing Cash Flow |
| -61.00K | 72.00K | 5.86M | 13.01M | 20.82M | 1.57M |
NextPlat Technical Analysis
Negative
0.61
Price Trends
0.67
Negative
0.87
Negative
1.00
Negative
Market Momentum
>-0.01
Negative
50.16
Neutral
50.00
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 0.61 is above the 20-day moving average (MA) of 0.58, below the 50-day MA of 0.67, and below the 200-day MA of 1.00, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.16 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 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 (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $11.29B | 10.17 | -6.88% | 2.97% | 7.41% | -8.93% | |
50 Neutral | $37.03M | 27.05 | -0.11% | ― | 1.68% | 98.96% | |
47 Neutral | $15.92M | ― | -55.77% | ― | -45.77% | 67.69% | |
47 Neutral | $22.91M | ― | -40.72% | ― | -24.19% | 72.41% | |
46 Neutral | $15.84M | ― | -49.11% | ― | 19.37% | -197.96% | |
36 Underperform | $102.25M | ― | 0.61% | ― | -18.93% | -1133.29% | |
| $11.69M | ― | ― | ― | ― |
* Technology Sector Average
Performance Comparison
NXPL
NextPlat
0.61
-0.53
-46.49%
SMSI
Smith Micro Software
0.82
-1.44
-63.72%
ANY
Sphere 3D
0.87
-0.34
-28.10%
CREX
Creative Realities
3.52
-0.08
-2.22%
QH
Quhuo
1.14
0.60
111.11%
SPPL
Simpple Ltd.
3.30
-2.19
-39.89%
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.