Quarterly ResultMay 15, 2026, 06:07 AM
NextPlat Q1 Net Loss Narrows to $(1.12)M; Revenue $9.86M
AI Summary
NextPlat Corp reported a net loss of $(1.12) million for Q1 2026, a significant improvement from $(1.94) million in Q1 2025. However, total revenue decreased by 29% to $9.86 million. The company also completed a 1-for-10 reverse stock split and regained Nasdaq compliance, while establishing an At-the-Market offering program for up to $3.74 million. Management continues to address going concern doubts through operational plans and capital access.
Key Highlights
- Net loss attributable to common stockholders narrowed to $(1.12) million in Q1 2026 from $(1.94) million in Q1 2025.
- Total revenue decreased 29% to $9.86 million in Q1 2026 from $13.93 million in Q1 2025.
- Basic and diluted loss per share improved to $(0.42) in Q1 2026 from $(0.75) in Q1 2025.
- e-Commerce Operations revenue increased to $3.20 million in Q1 2026 from $3.01 million in Q1 2025.
- Healthcare Operations revenue decreased to $6.66 million in Q1 2026 from $10.92 million in Q1 2025.
- Completed a 1-for-10 reverse stock split on April 13, 2026, and regained Nasdaq compliance on April 27, 2026.
- Established an At-the-Market (ATM) equity offering program for up to $3.74 million on May 13, 2026.
- Accrued approximately $1.75 million for a probable loss related to a class action lawsuit.
Price Impact
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