NextPlat (NXPL) AI Stock Analysis

• Market Cap: $18.27M
• Dividend Yield: N/A
• Average Volume (3M): 55.51K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: -11.50%
• EPS Growth: -71.52%
• Country: US
• Employees: 162
• Sector: Technology
• Sector Strength: 85
• Industry: Software - Application
• EPS (TTM): -0.07
• Shares Outstanding: 25,963,050
• 10 Day Avg. Volume: 65,648
• 30 Day Avg. Volume: 55,513
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.25
• Enterprise Value/Revenue: 0.08
• Enterprise Value/Gross Profit: 0.38
• Enterprise Value/Ebitda: -0.36
• 1Y Price Target: $0.50
• Price Target Upside: -28.57% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 51 Neutral
• Price Target: $0.50 ▼(-28.57% Downside)

NextPlat's overall stock score reflects strong revenue growth and a stable financial structure but is weighed down by profitability challenges and negative cash flow. The technical indicators suggest bearish momentum, and the valuation is unattractive due to ongoing losses. The recent leadership changes and restructuring efforts provide a positive outlook for future improvement.

Positive Factors

Leadership Changes

The appointment of new permanent leadership is part of a strategic refocusing plan, which is expected to enhance operational efficiency and drive long-term growth.

Stable Financial Structure

A stable financial structure with low leverage provides a solid foundation for future investments and strategic initiatives, supporting long-term stability.

E-commerce Growth

The strong growth in e-commerce operations, particularly in recurring revenue, indicates a robust market position and potential for sustained revenue expansion.

Negative Factors

Tariff Challenges

Tariff issues create barriers to market expansion, particularly in international markets, potentially hindering revenue growth and strategic objectives.

Negative Cash Flow

Negative cash flow poses a risk to liquidity and limits the company's ability to invest in growth opportunities, affecting long-term financial flexibility.

Profitability Challenges

Ongoing profitability issues, reflected in negative margins, highlight the need for improved operational efficiency to achieve sustainable financial health.

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 by providing subscription-based services and transaction fees associated with its software platforms. The company charges clients for access to its technology solutions, which may include e-commerce tools and digital communication services. Additionally, NextPlat benefits from partnerships with content providers and telecommunications companies, which can lead to revenue-sharing agreements. The company also explores opportunities in affiliate marketing and advertising, further diversifying its income sources.

NextPlat Financial Statement Overview

Summary

NextPlat shows strong revenue growth and a stable financial structure with low leverage. However, profitability and cash flow generation are significant challenges, with negative margins and cash flow ratios indicating 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.

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.

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	58.77M	65.48M	37.76M	11.71M	7.74M	5.69M
Gross Profit	11.96M	16.23M	11.31M	2.49M	1.86M	1.23M
EBITDA	-12.64M	-20.15M	-19.68M	-6.71M	-6.29M	-1.42M
Net Income	-10.37M	-14.03M	-3.78M	-7.42M	-9.57M	-3.81M
Balance Sheet
Total Assets	31.03M	36.48M	64.47M	28.64M	20.57M	2.63M
Cash, Cash Equivalents and Short-Term Investments	16.64M	19.96M	26.31M	18.89M	17.27M	728.76K
Total Debt	1.81M	2.26M	3.01M	1.08M	329.91K	746.33K
Total Liabilities	7.42M	9.68M	16.38M	2.86M	3.03M	2.07M
Stockholders Equity	23.49M	26.68M	32.18M	25.78M	17.53M	565.19K
Cash Flow
Free Cash Flow	-8.28M	-5.65M	-4.24M	-4.32M	-4.32M	-871.88K
Operating Cash Flow	-8.19M	-5.46M	-3.60M	-3.60M	-4.09M	-836.98K
Investing Cash Flow	126.00K	-953.00K	5.20M	-7.72M	-229.31K	-34.90K
Financing Cash Flow	-155.00K	72.00K	5.86M	13.01M	20.82M	1.57M

NextPlat Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.70
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NXPL, the sentiment is Neutral. The current price of 0.7 is below the 20-day moving average (MA) of 0.72, below the 50-day MA of 0.74, and below the 200-day MA of 0.83, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 47.02 is Neutral, neither overbought nor oversold. The STOCH value of 23.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NXPL.

NextPlat Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$36.58B	11.16	-10.43%	1.86%	8.71%	-7.09%
NXPL	51 Neutral	$18.27M	―	-41.44%	―	-11.50%	-71.52%
ANY	47 Neutral	$20.11M	―	-39.10%	―	-56.72%	49.76%
CREX	46 Neutral	$24.04M	27.05	-4.28%	―	-6.24%	24.19%
SMSI	44 Neutral	$15.33M	―	-94.92%	―	-38.89%	64.99%
QH	38 Underperform	$5.84M	―	0.61%	―	-18.93%	-1192.99%
SPPL	―	$18.52M	―		―	―	―

NextPlat Corporate Events

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.

NextPlat Corp 2025 Annual Meeting Outcomes Announced

On June 25, 2025, NextPlat Corp held its 2025 Annual Meeting where all director nominees were elected, and other proposals were approved by the stockholders. Approximately 54.53% of the shares voted on the matters, including the election of directors, appointment of RBSM LLP as the independent registered public accounting firm, and approval of executive compensation.