About this content The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, includi ...

OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 For the transition period from ______________to _______________. Commission File Number 001-40447 NEXTPLAT CORP (Exact name of registrant as specified in its charter) Nevada 65-0783722 (State or other jurisdiction ...

Exhibit 99.1 NextPlat Reports Record Consolidated Q1 2024 Revenues of $17.5 Million Compared to $2.9 Million in Q1 2023 (508% Increase) as Quarterly Margins Improve to 27.5% Proposed Merger Agreement with Progressive Care Inc., Launch of its E-Commerce Development Program with Alibaba's Tmall Global and Acquisition of Outfitters Expected to Drive Continued Top-Line Growth COCONUT GROVE, FL – May 15, 2024 – NextPlat Corp (NASDAQ: NXPL, NXPLW) ("NextPlat" or the "Company"), a global e-Commerce provider, today ...

340B Contract Service Revenue Grows 110% as New Contract Momentum Continues MIAMI, May 15, 2024 /PRNewswire/ -- Progressive Care Inc. (OTCQB: RXMD) ("Progressive Care" or the "Company"), a personalized healthcare services and technology provider, today announced financial results for its first quarter ended March 31, 2024. The Company reported record first quarter revenues of approximately $14.6 million, a 28% increase compared to revenues reported in the first quarter of 2023. The results reflect continues ...

Proposed Merger Agreement with Progressive Care Inc., Launch of its E-Commerce Development Program with Alibaba's Tmall Global and Acquisition of Outfitters Expected to Drive Continued Top-Line Growth COCONUT GROVE, Fla., May 15, 2024 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL, NXPLW) ("NextPlat" or the "Company"), a global e- Commerce provider, today announced record financial results for the first fiscal quarter ended March 31, 2024 which includes the consolidation of the operations of its e-commerce bus ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 001-40447 NEXTPLAT CORP (Exact name of registrant as specified in its charter) | Nevada | 65-0783722 | | - ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Nevada 65-0783722 (State or other jurisdiction of incorporation or organization) Identification No.) For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT For the transition period from ______________to _____ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT For the transition period from ______________to _______________. | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, par value $0.0001 | NXPL ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT For the transition period from ______________to _______________. Commission File Number 001-40447 NEXTPLAT CORP (Exact name of registrant as specified in its charter) (I.R.S. Employer Identification No.) 3250 Mary St., Suite 410, C ...

E-commerce Strategy - NextPlat is transitioning to focus on a state-of-the-art e-commerce platform to enhance online sales capabilities for businesses, aiming to optimize their e-commerce presence and revenue [19]. - The company operates two main e-commerce websites and 25 third-party storefronts on platforms like Alibaba, Amazon, OnBuy, and Walmart, serving thousands of consumers and enterprises globally [19]. - NextPlat's e-commerce strategy includes plans to develop additional country-specific websites to target markets in South America, Asia, and Europe [32]. - The company is focused on expanding its global e-commerce storefronts to develop sales in new markets [42]. - The company plans to expand its online marketing presence primarily through the Alibaba ecosystem, which is expected to be a primary channel for revenue generation [98]. Financial Performance - For the years ended December 31, 2022, 2021, and 2020, the company incurred net losses of approximately $9.2 million, $8.1 million, and $2.8 million, respectively, with an accumulated deficit of approximately $31.1 million as of December 31, 2022 [47]. - The company has approximately $18.9 million in cash on hand as of December 31, 2022, which may not be sufficient to meet future liquidity needs [72]. - The company has indicated that it may not have sufficient cash and borrowing capacity to meet its working capital needs for the next 12 months without further financing [212]. - Economic conditions globally and specific to the business significantly impact revenue and net income, with potential adverse effects from economic slowdowns [112]. - Revenue growth is dependent on the ability to grow core businesses and newly developed initiatives, with potential challenges in inventory management and regulatory compliance [99]. Market Dependence - Amazon marketplaces accounted for approximately 54.3% and 63.6% of total sales for the years ended December 31, 2022, and 2021, respectively, indicating a significant reliance on these platforms for revenue [34]. - For the year ended December 31, 2022, approximately 54.3% of revenues were generated from sales on Amazon, highlighting the platform's significance to the company's financial performance [95]. - The company relies on a limited number of key suppliers, which poses risks of interruptions in product availability and could adversely affect revenue [67]. Supply Chain and Operational Risks - The company has experienced inventory shortages due to COVID-19 and related supply chain constraints, which have affected product delivery [46]. - Supply chain disruptions have led to significant delays and increased costs, adversely affecting the company's ability to deliver products and meet customer demand [64]. - The company acknowledges risks related to supply chain disruptions, which could lead to increased costs and lost sales, adversely affecting its financial condition [52]. - Logistics service interruptions could adversely affect the timely delivery of products, impacting the company's competitive position and financial results [121]. Digital Assets and Technology - The company is developing a next-generation platform for digital assets, NextPlat Digital, designed for Web3, which will facilitate the creation and sale of NFTs [36]. - The company is developing a next-generation platform for digital assets built for Web3, currently in the design and development phase [47]. - The company is exploring new business initiatives, including digital assets, which may require significant investments and present operational challenges [99]. - Digital assets are subject to risks of loss, theft, hacking, and fraud, with no government insurance for transactions [142]. - The uncertain legal status of NFTs may expose the company to regulatory enforcement and civil or criminal sanctions due to inadequate compliance with various state and federal laws [164]. Competition and Market Challenges - The company faces intense competition from established internet companies and new entrants, which may require significant resources to maintain market share [100]. - The company must innovate and adapt to rapidly changing technology and market demands to maintain competitiveness [105]. - Challenges in recruiting and retaining qualified personnel could hinder business growth and operational effectiveness [115][118]. - There are risks associated with acquisitions and investments, including integration challenges and potential regulatory scrutiny [107]. Regulatory and Compliance Issues - The company may incur substantial costs and operational burdens due to evolving domestic and international laws regarding privacy and data protection [92]. - The company is subject to increased compliance costs and administrative burdens due to the Sarbanes-Oxley Act and related regulations [82]. - The company anticipates that its business expansion in China will expose it to significant political, economic, and social risks [170]. - The classification of NFTs as securities is uncertain, which could lead to regulatory scrutiny and compliance challenges [159]. Corporate Governance and Shareholder Matters - As of March 30, 2023, principal stockholders, executive officers, and directors own approximately 57.7% of the company's outstanding shares [79]. - The company is authorized to issue up to 50 million shares of common stock, which may lead to dilution of existing shareholders' ownership interests [184]. - The company's common stock and warrants are thinly traded, which could negatively affect their value and liquidity [188]. - The company has never paid cash dividends and does not anticipate doing so in the foreseeable future, intending to retain future earnings for operations and capital requirements [207].