NextPlat Corporation (NXPL)

The law suit was for $3.25 each RXMD share you owned prior to merger.

Wasn't there a $10 mil insurance limit for the payout?

The outstanding shares of RXMD before NXPL got involved were in the upper 600 mil range.

Take your RXMD share total pre R/S ÷ 680 mil x $8 mil (after lawyer fees?)

That's a guess how much you'd get of the payout.

After lawyer fees a cool $50 bucks im sure

And for a settlement payout.

NXPL longs are marinating their romen in beef broth waiting for management to do something. Enjoy your weekend as well.

Many ripe diapers have been reported from other shareholders as well. 😂🤣
That reminds me, I have to marinate my steaks for weekend BBQ... glad I got price drop alert and logged in.  Looking like its almost time to reload for the next $6 - $8 swing trade next week.
Enjoy the weekend Turbo. 

Half the year has gone by. Still festering like an unchanged shit diaper.

Correct, now Im just flipping the $6 to $8 range that this POS remains stuck in.
As stated in previous post,  FLIP IT... I clearly said I'm not an investor... the bloated salaries will never allow them to become a profitable company. Reading  IS fundamental 📚 

I thought you weren't an investor in this company anymore.

They've got a heavy administrative cost. Too many people on the payroll bringing no value to the company. This was a little bit of a problem with RXMD, and it's MUCH worse for NXPL.

A blatant middle finger to the fiduciary duty responsibility by the entire Board.

They've got a heavy administrative cost. Too many people on the payroll bringing no value to the company. This was a little bit of a problem with RXMD, and it's MUCH worse for NXPL.

A blatant middle finger to the fiduciary duty responsibility by the entire Board.

Idiot are running this company, they RS 1 for 10 in April to regain compliance and now they are registering another 2m shares for resale.
If they had not done such an aggressive RS reducing AS to 2.7m from 27m this would NOT be necessary.....I'm convinced they lack the ability to increase shareholder value, Phipps has been making some desperate moves since he came aboard in an attempt to save a failing company Fernandez left b behind.  The writing is on the wall IMO  Flip It.... don't hold it.  Honestly,  nobody should be a long investor here until they shown signs of becoming a profitable 📈 company.

Could have been worse.

Snup? Why so serious? Downcast?
Elite whoppers
Letter to the shareholders
Sequest approval just a labelling formality now
Mikah is mothballed
We will go to NASDAQ and trade over a dollar soon.
Stock was approximately trading where it was 10 years ago and elite says
"Congratulations retailers"
Paraphrase: we will remain on OTC, hear from buyers soon, and we don't entertain having institutional interest what so ever
We don't have to do quarterly ccs u know
Snup

Nice pop & volume without news today. I will take a 16% flip any day.

Mo money,  less stress not being a long term investor. No longer am I long here with the greedy crooks running this show.

GLTA still holding thru the 3 reverse splits with RXMD and NXPL. Curious what the breakout even PPS is for some of ya'll?

I suspect it has to be a PPS that is unachievable by NXPLs current  revenue/income streams.

Somewhere in the  neighborhood of $48 would have been the magic number if I held my shares thru that mess left behind by Fernandez for Phipps to clean up.

Thanks Holt

Ok good to know. I haven't heard anything. Thanks for the info holt.

Yeah, just got an email back from him. The update is that they got past the motion to dismiss.

You may have already heard that, but I hadn't. If nothing else it's good that the judge thinks the case is strong enough to be heard.

I have not, no.

Anyone talk to the attorney lately?

I know legal cases can drag on, but with Fernandez having passed on, I am wondering if this matter is quickly closed out?

"In civil cases (e.g., lawsuits for money, breach of contract, or personal injury), the lawsuit generally does not end. The case is temporarily paused (stayed) while the plaintiff requests the court to substitute the deceased defendant's estate—usually an executor or personal representative—as the new defendant. Any financial judgments or settlements awarded are then paid out of the defendant's estate"

Kahn v. Tremont Corp and cases like it should seal the deal on the lawsuit against Fernandez and the corrupt boards of RXMD & NXPL.

Kahn v. Tremont Corp. serves as a stark reminder in corporate law that merely "checking the box" by appointing a Special Committee is not enough to protect a controlling shareholder from liability. To benefit from burden-shifting, the committee must be entirely disinterested, fully empowered to say no, and proactively engaged in an arms-length negotiation process.

It's more than obvious that there was no arm's length negotiation between NXPL & RXMD.

Board of Directors of both companies were obviously trying to get a good deal for Fernandez, screwing shareholders of RXMD in the process. Should be a win for RXMD shareholders in the lawsuit.

Btw - anyone who used to be invested in RXMD and still holding shares? I believe the value of those RXMD shares is just over half a cent (yes, sub-penny). Beyond pathetic.

Hopefully this keeps heading north. It would be nice to have a stock go the right way. and I agree it has a long way to go.

Yes nice jump indeed. Long ways to go though.

Well my friends after living through this nightmare for many years with originally millions of shares I finally sucked it up and sold out of all today. There are simply too many other stocks with the potential to go up 5x to 10x like hive, keel, slnh, etc that I decided to take what I have left from here and try to use it to start recouping the massive loss. After seeing the last few quarters here it looks apparent I will never see $55 or it will be a very long time away. Now that I sold watch it run like the wind.

Big move up going on. Hope it holds.

What's the status on the lawsuit. I want to get back on a Harley and need some damn money.

Just waiting for more news. 

Sure has been quiet here

NextPlat Reports $9.9 Million in Revenue for Q1 2026 with Record Quarterly Consolidated Gross Margins of 35%May 14, 2026 8:01 AM
PR Newswire (US) Turnaround Efforts Deliver 9% Reductions in Sequential Quarterly Expenses Creating Efficient Foundation for Expected Positive Income from Operations in Latter Half of 2026HALLANDALE BEACH, Fla., May 14, 2026 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL, NXPLW) ("NextPlat" or the "Company"), a global consumer products and services company providing healthcare and technology solutions through e-commerce and retail channels worldwide, today announced improved operating results for its first quarter ended March 31, 2026 as it continues to execute against its ongoing turnaround efforts. "We are pleased with the significant progress we have made in successfully refocusing our operations to deliver improved results as demonstrated in the first quarter. These results reflect the continuation of the positive trends established late in 2025 as we executed on our plans to improve the fundamentals of the business and create a sustainable foundation for growth throughout 2026," said David Phipps, Chief Executive Officer and President of NextPlat Corp. "Supported by a dramatically more efficient and effective cost structure, enhanced business development capabilities and a renewed commitment to customer service, we believe we are now positioned to capitalize on multiple opportunities ahead of us to drive more profitable growth in the months ahead and to deliver value to all of our stakeholders."First Quarter 2026 Financial Highlights:Consolidated revenue for the quarter ended March 31, 2026, was approximately $9.9 million, compared to approximately $13.9 million for the prior year period, an overall decrease of 29% which reflects the expected decline in overall healthcare revenue.First quarter 2026 Healthcare Operations pharmacy prescription revenue decreased to approximately $4.8 million from approximately $9.5 million in the prior year period. The year-over-year decrease was primarily driven by lower reimbursement rates of approximately $3.0 million and the anticipated contraction in prescription volume of approximately $1.7 million, reflecting the changes in payer reimbursement rates and overall payer mix. First quarter 2026 Healthcare Operations pharmacy contract revenue increased to approximately $1.9 million from approximately $1.4 million in the prior year period. This increase was attributable to the medication fulfillment contract services secured late in 2025. Sequentially, first quarter 2026 pharmacy contract revenue increased approximately 19% versus the fourth quarter of 2025 driven by continued business development activity and customer service enhancements focused on contract customers. These results demonstrate that well-managed pharmacy operations, combined with strong margin discipline, operational efficiency, and strategic customer relationships can continue to generate attractive profitability despite ongoing reimbursement pressures across the industry.First quarter 2026 e-Commerce revenues increased to approximately $3.2 million from approximately $3.0 million in the prior year period primarily due to an increase in airtime sales of approximately $0.2 million. Through the first five months of 2026, the Company continued to see strong global demand for satellite-based connectivity and IoT products highlighted by new and expanded orders in support of international government and military customers for Iridium and Globalstar devices.Overall gross margin for the quarter ended March 31, 2026, improved dramatically to approximately 35%, a quarterly record, up from the prior year quarter of approximately 21%, and up sequentially from approximately 20% recorded for the full year ended December 31, 2025.Gross margin for Healthcare Operations nearly doubled to approximately 39% in the first quarter of 2026 compared to approximately 20% in the first quarter of 2025, and sequentially up from approximately 18% in the fourth quarter of 2025. The dramatic increase in gross margin was attributable to the addition of new contracted medication fulfillment services as well as the improved drug costing as a result of the Medicare Maximum Fair Price program which began in January 2026. As a result of increasing levels of higher margin 340B and medication fulfillment contracted services revenue, this operating segment's gross margin is anticipated to remain elevated throughout the remainder of 2026.Gross margin for e-Commerce Operations increased slightly in the first quarter of 2026 to approximately 25% from 24% when compared to the first quarter of 2025.Total operating expenses for the quarter ended March 31, 2026, decreased to approximately $4.5 million from approximately $4.9 million in the prior year quarter, a reduction of approximately $0.4 million, or 9%. Overall operating expenses declined significantly due to the Company's ongoing refocusing and streamlining efforts highlighted by decreases in salaries and wages resulting from reductions in total headcount and executive compensation as well as decreases in professional fees. Management expects that the addition of higher margin contracted healthcare services revenue combined with reduced levels of operating expenses throughout 2026 will enable the Company to achieve positive operating income in the latter half of 2026.Net loss attributable to common stockholders for the quarter ended March 31, 2026 decreased 42% to approximately $1.1 million, or ($0.42) per diluted share, compared to a net loss attributable to common stockholders of approximately $1.9 million, or ($0.75) per diluted share for the three months ended March 31, 2025. Based upon additional higher-margin contracted healthcare services revenue combined with prudent expense controls, the Company anticipates significant reduction of losses by the fourth quarter of 2026.The Company ended the quarter with approximately $11.0 million in cash, working capital of approximately $14.2 million, and zero unsecured debt as of March 31, 2026. The Company expects that a portion of the outstanding receivables contributing to the timing-related decreases in cash collections during the first quarter of 2026 will be collected during the second quarter of 2026; however, the timing of such collections may vary.Organizational Highlights and Recent Business Developments:In March 2026, NextPlat announced its latest healthcare growth initiative through a nationwide fulfillment partnership which is expected to significantly expand the Company's addressable market beyond Florida where the Company's healthcare operations segment generated nearly $40 million in annual revenue last year. In addition to supporting NextPlat's current healthcare clients with multi-state operations, the new nationwide fulfillment capabilities will support the launch of the Company's new healthcare e-commerce site. The new site will feature an array of popular prescription medications and Over-the-Counter (OTC) products including its Florida Sunshine brand of premium vitamins and supplements and is expected to go live before the end of the second quarter of 2026.The Company continues to invest in its Healthcare Operations business development and customer service improvement efforts to drive growth initiatives across both pharmacy contracted services and long-term care customers. At the end of the first quarter, the Company contracted five new 340B entities, a single quarter record. These new 340B entities are expected to commence activities in July 2026.In the first quarter, the Company's e-commerce sales and distribution platforms for satellite connectivity and communications continued to see strong demand for products from leading providers including Globalstar and Iridium, with significant new orders received from European government and military customers. This demand was highlighted by the Company's Global Telesat Communications Ltd (GTC) subsidiary being awarded a contract from a U.K. government prime supplier for satellite-enabled Internet of Things (IoT) hardware in support of a NATO military customer valued at approximately $820,000. By the end of the first quarter of 2026, GTC generated a government and military sales pipeline valued at over $1.2 million with significant new sales secured in April and May expected to contribute to additional pipeline growth in the second quarter of 2026.First Quarter 2026 Conference Call NotificationNextPlat's Chief Executive Officer and President, David Phipps, its Chief Financial Officer, Amanda Ferrio, and Vice President of Healthcare Operations, Birute Norkute, will host a conference call today, May 14th at 8:30 a.m. Eastern time to discuss the results for the quarter ended March 31, 2026, as well as other recent developments.To access the call, please use the following information:Date:Thursday, May 14, 2026Time:8:30 a.m. Eastern timeToll-free dial-in number:1-800-836-8184International dial-in number:1-646-357-8785Conference webcast link:https://app.webinar.net/aK21yzvyep9 Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization.The conference call will be broadcast live and available for replay at https://app.webinar.net/aK21yzvyep9 and via the investor relations section of the Company's website at https://ir.nextplat.com/news-events/ir-calendar/detail/20260514-q1-2026-results-conference-call. A replay of the conference call will be available after 12:00 p.m. Eastern time through May 21, 2026.Toll-free replay number:1-888-660-6345International replay number:1-646-517-4150Replay entry code:39044#The financial information included in this press release should be read in conjunction with the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, to be filed with the Securities and Exchange Commission.About NextPlat CorpNextPlat is a global consumer products and services company providing healthcare and technology solutions through e-Commerce and retail channels worldwide. Through acquisitions, joint ventures and collaborations, the Company seeks to assist businesses in selling their goods online, domestically, and internationally, allowing customers and partners to optimize their e-Commerce presence and revenue. NextPlat currently operates an e-Commerce communications division offering voice, data, tracking, and IoT products and services worldwide as well as pharmacy and healthcare data management services in the United States through its subsidiary, Progressive Care.Forward-Looking StatementsCertain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company's business and any of its products, services or solutions. The words "believe," "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, including the Company's ability to launch additional e-commerce capabilities for consumer and healthcare products and its ability to grow and expand as intended, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating), including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (the "SEC"), copies of which may be obtained from the SEC's website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.Media and Investor Contact for NextPlat Corp:Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net  NEXTPLAT CORP AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(In thousands, except per share data)(Unaudited)

Three Months Ended March 31,
2026
2025Revenue, net$9,855
$13,926Cost of revenue
6,443

11,062Gross profit
3,412

2,864





Operating expenses:




Selling, general and administrative
2,006

2,037Salaries, wages and payroll taxes
2,419

2,715Depreciation and amortization
65

170Intangible asset amortization
25

26Total operating expenses
4,515

4,948





Operating loss
(1,103)

(2,084)Non-operating expense (income)
29

(151)Loss before income taxes
(1,132)

(1,933)Income taxes
—

(9)Net loss
(1,132)

(1,942)Net loss attributable to non-controlling interest
14

—Net loss attributable to common stockholders$(1,118)
$(1,942)





Comprehensive loss:




Net loss$(1,132)
$(1,942)Foreign currency gain (loss)
23

(11)Comprehensive loss$(1,109)
$(1,953)





NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS$(1,118)
$(1,942)Weighted number of common shares outstanding – basic and diluted   
2,693

2,596





Basic and diluted loss per share$(0.42)
$(0.75) NEXTPLAT CORP AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except shares and par value data)

March 31, 2026December 31, 2025
(Unaudited)(Audited)ASSETS



Current Assets



Cash$11,008$13,709Receivables, net of allowances of $46 and $40 as of March 31, 2026 and December 31, 2025,
respectively
7,226
5,944Inventory, net of inventory reserves of $419 and $418 as of March 31, 2026 and December
31, 2025, respectively
3,968
3,396Other current assets
1,054
1,107Total Current Assets
23,256
24,156Property and equipment, net of accumulated depreciation of $1,428 and $3,527 as of March
31, 2026 and December 31, 2025, respectively
2,438
2,505Operating right-of-use assets, net
634
189Other noncurrent assets
590
615Total Assets$26,918$27,465




LIABILITIES AND EQUITY








Current Liabilities



Accounts payable and accrued expenses$8,348$8,265Notes payable
305
416Operating lease liabilities
231
158Other current liabilities
204
287Total Current Liabilities
9,088
9,126




Long Term Liabilities:



Notes payable, net of current portion
846
876Operating lease liabilities, net of current portion
410
41Total Liabilities
10,344
10,043




Commitments and Contingencies
—
—




Equity



Preferred stock ($0.0001 par value; 3,333,333 shares authorized; no shares issued or
outstanding)
—
—Common stock ($0.0001 par value; 50,000,000 shares authorized, 2,702,622 and 2,676,788
shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively)
3
3Additional paid-in capital
77,847
77,586Accumulated deficit
(61,181)
(60,063)Accumulated other comprehensive loss
(95)
(118)Treasury stock (at cost; 13,054 shares as of March 31, 2026 and December 31, 2025,
respectively)
(100)
(100)Equity attributable to common stockholders
16,474
17,308Equity attributable to non-controlling interests
100
114Total Equity
16,574
17,422




Total Liabilities and Equity$26,918$27,465  View original content to download multimedia:https://www.prnewswire.com/news-releases/nextplat-reports-9-9-million-in-revenue-for-q1-2026-with-record-quarterly-consolidated-gross-margins-of-35-302771749.htmlSOURCE NextPlat Corp. Original: NextPlat Reports $9.9 Million in Revenue for Q1 2026 with Record Quarterly Consolidated Gross Margins of 35%

https://ir.nextplat.com/news-events/press-releases/detail/173/nextplat-reports-9-9-million-in-revenue-for-q1-2026-with-record-quarterly-consolidated-gross-margins-of-35