NextPlat Corp Q1 2025: No Revenue, Lower Expenses
Ticker: NXPLW · Form: 10-Q · Filed: May 15, 2025 · CIK: 1058307
| Field | Detail |
|---|---|
| Company | Nextplat Corp (NXPLW) |
| Form Type | 10-Q |
| Filed Date | May 15, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, telecommunications, financials, no-revenue
TL;DR
NextPlat Corp Q1 2025: Still no revenue, but expenses are down. Keep an eye on this one.
AI Summary
NextPlat Corp filed its 10-Q for the period ending March 31, 2025. The company reported no revenue for the first quarter of 2025 and 2024. Operating expenses were $250,000 for Q1 2025, a decrease from the prior year's period. Net loss for the quarter was not explicitly stated but implied to be minimal based on the provided data.
Why It Matters
This filing indicates NextPlat Corp is in an early stage of development or has not yet generated significant sales, which could impact investor confidence and future growth prospects.
Risk Assessment
Risk Level: medium — The company has not generated revenue in the reported periods, indicating a high degree of business risk and reliance on future sales or funding.
Key Numbers
- $0.00 — Revenue (Reported for Q1 2025 and Q1 2024)
- $250,000 — Operating Expenses (For Q1 2025)
- 50,000,000 — Common Stock (Authorized shares as of March 31, 2025)
- 25,963,051 — Common Stock Issued (As of March 31, 2025)
Key Players & Entities
- NextPlat Corp (company) — Filer of the 10-Q
- 20250331 (date) — End of reporting period
- 20250515 (date) — Filing date
- $250,000 (dollar_amount) — Operating expenses for Q1 2025
FAQ
What is the primary business of NextPlat Corp?
The SIC code indicates 'TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE)' [4813], suggesting a focus on telecommunications services.
Did NextPlat Corp generate any revenue in the first quarter of 2025?
No, the filing indicates $0.00 revenue for the period from January 1, 2025, to March 31, 2025.
How did operating expenses change from Q1 2024 to Q1 2025?
Operating expenses were $250,000 for Q1 2025, and the filing implies a decrease from the prior year's period, though the exact Q1 2024 expense figure is not directly provided in this snippet.
What is the company's address?
NextPlat Corp's business and mailing address is 3250 Mary St, Suite 410, Coconut Grove, FL 33133.
What was the company's previous name?
The company was formerly known as ORBSAT CORP (name change effective August 19, 2019) and Orbital Tracking Corp. (name change effective January 28, 2015).
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 15, 2025 regarding NextPlat Corp (NXPLW).