NextPlat Corp Q3 Earnings: Revenue Dips, Cost Cuts Boost Investor Confidence

NextPlat Corporations third-quarter earnings showed a revenue dip, with $13.8 million compared to $15.4 million last year, mainly due to a decline in healthcare segments pharmacy contract revenue. Despite this, shares rose by 1.32% in pre-market trading, as investors focused on cost-cutting efforts. Operating expenses decreased to $4.7 million, down from $7.8 million last year, excluding non-recurring expenses. NextPlat identified strategies to reduce annual overhead expenses by over $2 million, expected to boost operating metrics in the fourth quarter. The e-commerce segment performed well, with strong sales for satellite-based connectivity and IoT products, anticipating further improvements in the fourth quarter and 2026, driven by increased prescription volumes and ongoing cost reductions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.