NextPlat Corp.

NextPlat Corp. is a global consumer products and services company that delivers healthcare and technology solutions through e-commerce and retail channels worldwide. The company's mission is to assist businesses in expanding their online sales both domestically and internationally, thereby optimizing their e-commerce presence and revenue. Headquartered in Hallandale Beach, Florida, NextPlat operates with a focus on growth and innovation in rapidly expanding sectors.

NextPlat's operations are structured across three core divisions: Healthcare, Satellite Communications, and Global E-Commerce. Through its PharmcoRx subsidiary, the Healthcare division provides retail pharmacy services, 340B program management, and long-term care solutions, as well as pharmacy and healthcare data management services in the United States via its subsidiary Progressive Care. The Satellite Communications division, operating through GTC, OSAT, and OSI subsidiaries, offers satellite-enabled voice, data, tracking, and Internet of Things (IoT) connectivity. Its Global E-Commerce segment focuses on scaling online product sales, managing global Amazon stores, and facilitating brand entry into the Chinese market through platforms like Tmall, JD, and Alibaba.

David Phipps serves as the Chief Executive Officer, a role he assumed permanently in September 2025 after serving as interim CEO since May 2025. Amanda L. Ferrio was appointed Chief Financial Officer in October 2025. NextPlat recently regained compliance with Nasdaq's minimum bid price requirement in April 2026 and announced a 1-for-10 reverse stock split effective April 13, 2026. The company anticipates its Q1 2026 gross margins to exceed 34% and aims for positive operating income by Q3 2026, driven by an increased focus on higher-margin contracted healthcare services. In March 2026, NextPlat launched nationwide medication fulfillment capabilities across all 50 U.S. states. The company maintains a global footprint, serving over 150,000 customers in more than 160 countries through its various storefronts and marketplaces.