NextPlat (NXPL) AI Stock Analysis

• Market Cap: $18.17M
• Dividend Yield: N/A
• Average Volume (3M): 58.04K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.67
• Revenue Growth: 19.37%
• EPS Growth: -197.96%
• Country: US
• Employees: 162
• Sector: Technology
• Sector Strength: 82
• Industry: Software - Application
• EPS (TTM): -0.05
• Shares Outstanding: 25,963,050
• 10 Day Avg. Volume: 30,600
• 30 Day Avg. Volume: 58,039
• PEG Ratio: -0.18
• Price to Book (P/B): 0.44
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.09
• Enterprise Value/Market Cap: -0.02
• Enterprise Value/Revenue: >-0.01
• Enterprise Value/Gross Profit: -0.02
• Enterprise Value/Ebitda: <0.01
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 50 Neutral
• Price Target: $0.50 ▼(-28.57%Downside)

NextPlat's overall score is primarily impacted by its financial struggles with profitability and cash flow issues. While there are positive aspects such as revenue growth and a strong balance sheet, the poor valuation and leadership changes pose significant risks. Technical indicators provide a mixed outlook, and the earnings call highlighted both opportunities and challenges.

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 primarily through its suite of digital and e-commerce services offered to businesses. The company earns money by selling subscription-based access to its technology platforms, which include tools for digital marketing, online sales optimization, and customer interaction enhancement. Additionally, NextPlat may engage in strategic partnerships with other technology and e-commerce companies to expand its service offerings and reach a broader audience. Revenue can also be derived from transaction fees, consulting services, and customized technology solutions tailored to specific business needs.

NextPlat Financial Statement Overview

Summary

NextPlat demonstrates strong revenue growth and a stable financial structure with low leverage. However, the company faces challenges with profitability and cash flow generation. The negative margins and cash flow ratios indicate the need for improving operational efficiency and cost management to achieve sustainable growth in the software application industry.

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
62.52M	65.48M	37.76M	11.71M	7.74M	5.69M
	Gross Profit
14.88M	16.23M	11.31M	2.49M	1.86M	1.23M
	EBIT
-23.40M	-23.62M	-9.33M	-7.20M	-6.62M	-2.03M
	EBITDA
-20.85M	-20.15M	-19.68M	-6.71M	-6.29M	-1.42M
	Net Income Common Stockholders
-13.89M	-14.03M	-3.78M	-7.42M	-9.57M	-3.81M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
17.74M	19.96M	26.31M	18.89M	17.27M	728.76K
	Total Assets
35.20M	36.48M	64.47M	28.64M	20.57M	2.63M
	Total Debt
2.03M	2.26M	3.01M	1.08M	329.91K	746.33K
	Net Debt
-15.71M	-17.70M	-23.30M	-17.82M	-16.94M	17.57K
	Total Liabilities
9.75M	9.68M	16.38M	2.86M	3.03M	2.07M
	Stockholders Equity
25.34M	26.68M	32.18M	25.78M	17.53M	565.19K
Cash Flow		Free Cash Flow
-4.99M	-5.65M	-4.24M	-4.32M	-4.32M	-871.88K
	Operating Cash Flow
-4.84M	-5.46M	-3.60M	-3.60M	-4.09M	-836.98K
	Investing Cash Flow
-912.00K	-953.00K	5.20M	-7.72M	-229.31K	-34.90K
	Financing Cash Flow
-61.00K	72.00K	5.86M	13.01M	20.82M	1.57M

NextPlat Technical Analysis

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

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 above the 20-day moving average (MA) of 0.63, above the 50-day MA of 0.62, and below the 200-day MA of 0.99, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 60.78 is Neutral, neither overbought nor oversold. The STOCH value of 84.74 is Negative, 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 *	62 Neutral	$11.90B	10.64	-7.50%	2.90%	7.41%	-8.19%
CREX	61 Neutral	$35.34M	27.05	-0.11%	―	1.68%	98.96%
NXPL	50 Neutral	$18.17M	―	-49.11%	―	19.37%	-197.96%
ANY	47 Neutral	$20.11M	―	-40.72%	―	-24.19%	72.41%
SMSI	45 Neutral	$17.47M	―	-55.77%	―	-45.77%	67.69%
QH	39 Underperform	$100.46M	―	0.61%	―	-18.93%	-1133.29%
SPPL		$10.44M	―		―	―	―

NextPlat Corporate Events

NextPlat Appoints David Phipps as Interim CEO

On May 24, 2025, following the passing of Charles M. Fernandez, NextPlat Corp appointed David Phipps as Interim Chief Executive Officer. Phipps, who has extensive experience in the communications industry and previously led the company from its startup phase to a Nasdaq listing, will continue his leadership without changes to his existing employment terms. His appointment is not influenced by any external arrangements or family ties within the company.

NextPlat Appoints Interim Leadership After CEO’s Passing

On May 24, 2025, Charles M. Fernandez, the Executive Chairman and CEO of NextPlat Corp, passed away unexpectedly. In response, the company’s Board of Directors appointed Rodney Barreto as Interim Chairman and David Phipps as Interim CEO. This leadership transition comes as the company seeks to maintain stability and continue its strategic objectives in the e-commerce sector.