NextPlat Corp
NextPlat Corp (NXPLW) Financial Performance & Income Statement Overview
Review NextPlat Corp (NXPLW) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
NextPlat Corp (NXPLW) Income Statement & Financial Overview
Access detailed annual and quarterly income data for NextPlat Corp NXPLW financial performance.
| Metric | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|
| Revenue | $15.37M | $16.99M | $17.49M | $16.63M |
| Cost of Revenue | $11.85M | $11.18M | $16.21M | $14.88M |
| Gross Profit | $3.52M | $5.81M | $1.28M | $1.75M |
| Gross Profit Ratio | $0.23 | $0.34 | $0.07 | $0.11 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $7.31M | $6.007M | $2.99M | $3.010M |
| Operating Expenses | $11.52M | $16.70M | $2.99M | $3.010M |
| Total Costs & Expenses | $23.37M | $27.89M | $19.20M | $17.89M |
| Interest Income | $183000.00 | $197000.00 | $215000.00 | $227455.00 |
| Interest Expense | $22000.00 | $19000.00 | $21000.00 | $23343.00 |
| Depreciation & Amortization | $474000.00 | $1.02M | $1.03M | $1.14M |
| EBITDA | -$7.12M | -$9.69M | -$618000.00 | -$13.61M |
| EBITDA Ratio | -$0.46 | -$0.57 | -$0.04 | -$0.007 |
| Operating Income | -$8.00M | -$10.90M | -$1.71M | -$1.26M |
| Operating Income Ratio | -$0.52 | -$0.64 | -$0.10 | -$0.08 |
| Other Income/Expenses (Net) | $380000.00 | $173000.00 | $36000.00 | -$13.51M |
| Income Before Tax | -$7.62M | -$10.72M | -$1.67M | -$14.78M |
| Income Before Tax Ratio | -$0.50 | -$0.63 | -$0.10 | -$0.89 |
| Income Tax Expense | $45000.00 | $20000.00 | $27000.00 | -$47034.00 |
| Net Income | -$4.22M | -$5.31M | -$1.48M | -$1.70M |
| Net Income Ratio | -$0.27 | -$0.31 | -$0.08 | -$0.10 |
| EPS | -$0.22 | -$0.28 | -$0.08 | -$0.09 |
| Diluted EPS | -$0.22 | -$0.28 | -$0.08 | -$0.09 |
| Weighted Avg Shares Outstanding | $18.98M | $18.82M | $18.73M | $18.72M |
| Weighted Avg Shares Outstanding (Diluted) | $18.98M | $18.82M | $18.73M | $18.72M |
Over the last four quarters, NextPlat Corp achieved steady financial progress, growing revenue from $16.63M in Q4 2023 to $15.37M in Q3 2024. Gross profit stayed firm with margins at 23% in Q3 2024 versus 11% in Q4 2023. Operating income totaled -$8.00M in Q3 2024, maintaining a -52% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at -$7.12M. Net income rose to -$4.22M, with EPS at -$0.22. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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