8.79
+6.67%
Close of 9 Nov 2026, in USD
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About NextPlat
From its filings with the US Securities and Exchange Commission
NextPlat is based in Hallandale Beach, Florida and is incorporated in Nevada. Its shares trade on Nasdaq under the ticker NXPL. The SEC classifies its business as telephone communications (no radiotelephone). In the fiscal year to 31 December 2025, it reported revenue of $54.3m. At that date it held total assets of $27.5m and shareholders' equity of $17.3m.
NextPlat Corp (“NextPlat,” “the Company,” “we,” “our,” or “us”) is a global e-commerce and healthcare services company that operates through two reportable segments: e-Commerce Operations and Healthcare Operations. Through these segments, the Company provides satellite-enabled communication products and services, global online distribution capabilities, pharmacy services, healthcare technology solutions, and data analytics services. Our platforms serve consumers, enterprises, healthcare providers, government organizations, and other institutions across multiple geographic markets. For the year ended December 31, 2025, approximately 27% of revenue was generated by our e-Commerce segment and 73% by our healthcare segment.
The Company operates internationally through a combination of proprietary e-commerce websites, third-party marketplace storefronts, physical pharmacy locations, and healthcare technology platforms. Our strategy is focused on expanding recurring revenue streams, increasing global e-Commerce distribution, and leveraging healthcare data and pharmacy services to improve patient outcomes while supporting healthcare providers and payors.
Quoted from its 10-K, filed 31 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Communication Services
- Industry
- Diversified Telecommunication Services
- Listed since
- 15 Mar 1999
- Employees
- 18
- Website
- ir.nextplat.com ↗
- Head office
- 400 ANSIN BLVD, HALLANDALE BEACH, FL, 33009
- Incorporated in
- NV
- Classification
- Telephone Communications (No Radiotelephone)
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Rodney BarretoNon-Executive Independent Chairman of the Board$48,000
- Mr. David PhippsPresident, Chief Executive Officer, Director, Chief Executive Officer - Global Operations, since 2015$402,000
- Mr. Douglas EllenoffVice Chairman of the Board, Chief Business Development Strategist, since 2021$1.1m
- Ms. Cecile MunnikChief Financial Officer$299,800
- Mr. Robert BedwellChief Compliance Officer
- Ms. Elizabeth AlcaineIndependent Director
- Mr. Anthony ArmasIndependent Director
- Mr. Louis CusimanoIndependent Director$36,000
- Mr. Hector DelgadoIndependent Director$36,000
- Mr. Michael GlickmanInvestor Relations, since 2022
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Company has a focused product offering with SolarTrack as its core product.
- Operates with a small team of 18 full-time employees.
- Provides satellite-based services for multiple user segments including government and military.
Weaknesses
- Limited employee count of 18 may restrict operational capacity.
- Relies on legacy business units for MSS solutions which may indicate outdated technology.
- Depends on satellite networks for core services which could be vulnerable to disruptions.
Opportunities
- Expanding into IoT and M2M connectivity services presents growth potential.
- Growing demand for satellite-based communication solutions globally.
- International reseller networks can be leveraged for market expansion.
Threats
- Satellite networks are vulnerable to disruptions affecting service reliability.
- Competition from other satellite communication providers could impact market share.
- Reliance on legacy business units may hinder innovation and adaptation.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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