NextPlat Reports 75% Sequential Revenue Growth in 340B Contract Revenue for Q2 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2025
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Source: PRnewswire
- Significant Revenue Growth: NextPlat achieved nearly 75% sequential revenue growth in Q2 2025, primarily driven by newly secured 340B contracts, indicating strong momentum in the healthcare sector.
- Strategic Business Development: The company successfully secured two new healthcare contracts through expanded business development activities, further driving revenue growth and enhancing market competitiveness.
- Increased Customer Engagement: Customer engagement activities from October to early December 2025 are expected to generate over 12,000 additional 340B prescriptions, significantly boosting quarterly volumes and demonstrating success in expanding the customer base.
- Leadership Support: Chairman Rodney Barreto has expanded his role in business development, which is anticipated to bring more strategic opportunities to the company, further driving long-term growth and enhancing shareholder value.
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About NXPL
NextPlat Corp is a consumer products and services company providing healthcare and technology solutions through e-Commerce and retail channels worldwide. It is operating in the e-Commerce and Healthcare sectors. Through acquisitions, joint ventures, and collaborations, the Company seeks to assist businesses in selling their goods online, domestically, and internationally. The Company operates an e-Commerce communications division offering voice, data, tracking, and Internet of Things (IoT) products and services worldwide as well as pharmacy and healthcare data management services in the United States through its subsidiary, Progressive Care Inc. Additionally, the Company provides a comprehensive array of Satellite Industry communication services and related equipment sales. It also utilizes an artificial-intelligence (AI)-powered digital advertising platform service enabling it to reach consumers across social media channels.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
NextPlat Expands IoT Portfolio with Telit Cinterion Partnership for Advanced 5G Solutions
- Market Expansion: NextPlat's subsidiary GTC has partnered with Telit Cinterion to add advanced 5G connectivity solutions, which is expected to drive sales growth in the industrial and enterprise IoT markets, supporting a global market increase from $1.18 trillion to $2.65 trillion.
- Technology Integration: By integrating Telit Cinterion's intelligent IoT solutions, GTC will enhance its existing satellite and terrestrial connectivity offerings, thereby improving service quality for clients in sectors such as manufacturing, agriculture, and logistics.
- Collaboration Benefits: This partnership not only simplifies connectivity management for customers but also reduces operational risks, which is anticipated to accelerate time-to-market across industries, further enhancing GTC's competitiveness in over 150 countries.
- Strategic Opportunity: GTC CEO David Phipps stated that this collaboration presents a significant opportunity for GTC to engage in the rapidly growing IoT market, highlighting the company's commitment to future technological advancements and investment.
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NextPlat Expands IoT Portfolio with Telit Cinterion Partnership for 5G Solutions
- Market Expansion: NextPlat's subsidiary GTC has partnered with Telit Cinterion to add advanced 5G connectivity solutions, which is expected to drive sales growth in the industrial and enterprise IoT markets, contributing to the global IoT market's rise from approximately $1.18 trillion to $2.65 trillion.
- Technology Integration: This collaboration enhances GTC's existing satellite and terrestrial connectivity offerings, boosting its competitiveness in rapidly growing sectors such as manufacturing, agriculture, and logistics, while improving customer connectivity management capabilities.
- Strategic Partnership: The partnership not only allows GTC to leverage Telit Cinterion's global infrastructure but also simplifies connectivity management for customers, reduces operational risks, and accelerates time-to-market across industries, enhancing overall business efficiency.
- Industry Leadership: As one of Europe's largest satellite connectivity providers, GTC further solidifies its leadership position in the global IoT market through this collaboration, demonstrating keen insight into future technological innovations and market demands.
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