NextPlat (NXPL) AI Stock Analysis

• Market Cap: $18.74M
• Dividend Yield: N/A
• Average Volume (3M): 307.20K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.75
• Revenue Growth: -11.50%
• EPS Growth: -71.52%
• Country: US
• Employees: 162
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.07
• Shares Outstanding: 25,963,050
• 10 Day Avg. Volume: 353,303
• 30 Day Avg. Volume: 307,201
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 0.34
• P/FCF Ratio: -3.94
• Enterprise Value/Market Cap: 0.24
• Enterprise Value/Revenue: 0.08
• Enterprise Value/Gross Profit: 0.38
• Enterprise Value/Ebitda: -0.36
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 48 Neutral
• Price Target: $0.50 ▼(-35.90% Downside)

NextPlat's overall stock score reflects strong revenue growth and a stable financial structure, but significant challenges in profitability and cash flow generation weigh heavily. Technical indicators suggest mixed momentum, and valuation metrics are unattractive due to negative earnings.

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 a 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: Positive
• Last Price: 0.78
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NXPL, the sentiment is Positive. The current price of 0.78 is below the 20-day moving average (MA) of 0.81, above the 50-day MA of 0.77, and below the 200-day MA of 0.80, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.60 is Neutral, neither overbought nor oversold. The STOCH value of 15.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NXPL.

NextPlat Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RYDE	50 Neutral	$21.45M	―	-354.82%	―	34.50%	70.55%
NXPL	48 Neutral	$18.74M	―	-41.44%	―	-11.50%	-71.52%
IPM	47 Neutral	$17.83M	―	―	―	―	―
CXAI	46 Neutral	$17.25M	―	-89.23%	―	-15.10%	74.63%

NextPlat Corporate Events

NextPlat Announces New CFO Amid Leadership Transition

On October 13, 2025, NextPlat Corp announced a leadership transition with the resignation of Cecile Munnik as Chief Financial Officer and the appointment of Amanda L. Ferrio as her successor. Ms. Ferrio, who has been with Progressive Care, a subsidiary of NextPlat, since 2022, brings over 15 years of experience in accounting and finance to her new role. This internal promotion is part of NextPlat’s ongoing efforts to refocus its business and enhance its financial operations. The transition is expected to support the company’s plans to improve financial performance and drive sustainable shareholder value.

The most recent analyst rating on (NXPL) stock is a Hold with a $1.00 price target. To see the full list of analyst forecasts on NextPlat stock, see the NXPL Stock Forecast page.

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.

The most recent analyst rating on (NXPL) stock is a Hold with a $0.50 price target. To see the full list of analyst forecasts on NextPlat stock, see the NXPL Stock Forecast page.

NextPlat Corp Reports Revenue Decline and Increased Loss

NextPlat Corp, a Nevada-based company, operates in the e-Commerce and Healthcare sectors, providing satellite communication services and healthcare solutions through its subsidiaries. In its latest earnings report for the quarter ending June 30, 2025, NextPlat Corp reported a decrease in revenue and an increase in net loss compared to the previous year. The company generated $13.24 million in revenue, down from $16.99 million in the same quarter last year, with a net loss of $1.79 million, compared to a loss of $10.74 million in the previous year. Key financial metrics showed a decline in both e-Commerce and Healthcare operations, with e-Commerce revenue at $4.12 million and Healthcare revenue at $9.12 million. The company also reported a decrease in total assets and equity, reflecting ongoing financial challenges. Looking ahead, NextPlat Corp remains focused on expanding its satellite communication services and healthcare operations, aiming to improve its financial performance in the coming quarters.