NXPL News & Events

NextPlat announced that its Global Telesat Communications, or GTC, subsidiary was awarded a contract from a U.K. government prime supplier for the supply of satellite-enabled Internet of Things, or IoT, hardware in support of a NATO military customer valued at approximately $820,000. Under the terms of the two-year contract valued at up to $820,000 with this prime supplier client, a U.K.-based engineering and services solutions provider serving government and commercial customers, GTC will support the deployment of satellite-enabled IoT terminals and related hardware to a NATO military end user. The satellite-enabled Internet of Things (IoT) devices are designed to deliver reliable and cost-effective voice, data, and asset management capabilities to and from any location on Earth. The contract, the latest in a series of government and military contracts received by GTC over the past year, reflects increasing demand from enterprise customers for resilient communications infrastructure that enables continuous operations, data visibility, and mission-critical decision-making, anywhere on the planet. Powered by Iridium's Certus satellite network, the satellite-enabled IoT terminals provide enterprise-grade voice, data, and remote monitoring capabilities, combining dual-mode satellite and LTE connectivity in a compact and highly versatile form factor.

NextPlat announced a major expansion of its Orbital Satcom North American operations with its entry into five markets in South America through the launch of online storefronts on Mercado Libre, the largest e-commerce platform in Latin America. The new e-commerce sites will potentially reach millions of new customers throughout Mexico, Brazil, Argentina, Chile, and Colombia, with expansion to additional South American markets planned in Q2 2026. The company is launching the new sites with initial wireless and satellite-based connectivity products operating on commercial satellite networks including Globalstar, Iridium and Inmarsat.

NextPlat announced that it expects to report sequential improvement in key financial and operational metrics for the fourth quarter ended December 31, 2025 compared to the third quarter, reflecting continued progress from its strategic business refocusing initiatives and increasing contribution from higher-margin revenue streams. These results are preliminary and subject to completion of the Company's year-end audit and may change. As previously communicated in the Company's Q3 earnings report and subsequent business update, successful ongoing business refocusing and development activities conducted over the past six months have begun contributing to meaningful sequential progress against growth, cost reduction and profitability objectives. Key financial metrics include: Q4 340B revenue is expected to increase by more than 90% compared to the Q3, driven by direct engagement initiatives and operational improvements with existing 340B customers. Total prescription volume is anticipated to increase approximately 7% sequentially, reflecting growth in contracted prescription activity. Although total prescription volumes may fluctuate in 2026 as the Company continues to shift towards more contracted services, it is already experiencing improved unit economics driven by a focus on revenue quality, cost discipline, and the impact of the Medicare manufacturer rebate program, supporting overall margin expansion. Consolidated gross margin in the Q4 is expected to remain relatively consistent with the Q3. As a result of its continued shift towards higher margin contracted services in its healthcare operations including growth in 340B and medication fulfilment contracts, the Company anticipates significant consolidated gross margin expansion in the range of 20%-25% in the Q1 with incremental improvement expected throughout 2026. As previously communicated in our CEO Shareholder Update Letter, the Company anticipates sustained reductions in annual operating expenses driven by structural overhead initiatives, including the closing of underutilized office space, personnel consolidation, reduced reliance on external consultants, and enhanced logistics efficiencies. Solid Liquidity: The Company's operations continue to be supported by a solid balance sheet with a cash balance of approximately $13M, working capital of approximately $15M and zero unsecured debt expected as of December 31, 2025. Preliminary results through the Q1 indicate continued strong growth in profitable 340B and contracted fulfillment revenue, combined with ongoing operational efficiencies, supporting management's expectation of meaningful reductions in operating losses by the end of the Q2.

NextPlat files $300M mixed securities shelf