NextPlat Q2 revenue rises on E-commerce demand
NXPL•Outlook
- Company expects higher-margin 340B contracted services revenue to increase in coming quarters
- NextPlat anticipates sustainable positive operating income for the remainder of 2026
- Company expects new customer contracts to increase revenue in Q3, with more impact in early Q4
Overview
- US healthcare and technology provider's Q2 revenue grew 21% sequentially, driven by contracted pharmacy and e-commerce
- Net loss for Q2 fell 87% yr/yr to $144,000, with gross margin reaching a record 40%
- Company attributes improved results to higher-margin 340B pharmacy services and strong e-commerce demand
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $11.88 mln | $11 mln (1 Analyst) |
| Q2 Loss Per Share | $0.05 |
- The one available analyst rating on the shares is "buy"
- The average consensus recommendation for the wireless telecommunications services peer group is "buy"
- Wall Street's median 12-month price target for NextPlat Corp is $12.00, about 78.8% above its August 12 closing price of $6.71
