NextPlat Q1 FY26 net loss narrows to $1.13 million; revenue falls 29% to $9.86 million
NextPlat Corp
NextPlat Corp NXPL | 0.00 |
- NextPlat posted a net loss of USD 1.13 million, narrowing from USD 1.94 million a year earlier; loss attributable to common stockholders narrowed to USD 1.12 million, or USD 0.42 per share.
- Revenue fell 29% to USD 9.86 million versus year-ago quarter, as pharmacy prescription revenue, net dropped 50% to USD 4.78 million.
- Pharmacy contract revenue rose 31% to USD 1.87 million, while e-Commerce revenue increased 6% to USD 3.2 million.
- Operating cash outflow widened to USD 2.58 million from USD 2.06 million, leaving cash at USD 11.01 million at quarter-end.
- Management cited lower reimbursement rates and reduced prescription volume as drivers of the pharmacy prescription revenue decline, while pointing to new contracted medication fulfillment services for the contract revenue increase.
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