NextPlat Corp (NXPL) Financial Statements (2024 and earlier)

Company Profile

Business Address 3250 MARY ST
COCONUT GROVE, FL 33133
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,89117,26872975143233
Cash and cash equivalents18,89117,26872975143233
Receivables958942253320258384
Inventory, net of allowances, customer advances and progress billings1,2871,020361366269333
Inventory1,2871,020361366269333
Prepaid expense4697219282
Other current assets  4928974448
Total current assets:21,18219,3751,3728777151,081
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    
Operating lease, right-of-use asset 235684
Property, plant and equipment1,2461,0431,1061,3411,5201,757
Intangible assets, net (including goodwill) 75100125200225
Goodwill      
Intangible assets, net (excluding goodwill) 75100125200225
Prepaid expense 50    
Deposits noncurrent assets      
Other noncurrent assets 6,214     
Total noncurrent assets:7,4601,1901,2621,5501,7201,982
TOTAL ASSETS:28,64220,5652,6342,4272,4353,063
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,5181,0631,0531,164874856
Interest and dividends payable010035  
Taxes payable5719221112
Employee-related liabilities2022  
Accounts payable1,194846747901  
Accrued liabilities214423347  
Other undisclosed accounts payable and accrued liabilities11098151157864843
Deferred revenue36373741
Debt602012254  
Disposal group, including discontinued operation 112112112112112112
Deferred revenue and credits216
Due to related parties283510251397
Other liabilities      
Other undisclosed current liabilities3031,51391223012
Total current liabilities:2,0592,7811,5171,4441,0561,204
Noncurrent Liabilities
Long-term debt and lease obligation156254553343  
Long-term debt, excluding current maturities156254530292  
Finance lease, liability    
Liabilities, other than long-term debt650     
Operating lease, liability650 2352
Other undisclosed noncurrent liabilities   (23)   
Total noncurrent liabilities:806254553343  
Total liabilities:2,8653,0352,0691,7881,0561,204
Equity
Equity, attributable to parent, including:25,77717,5315656401,3791,860
Common stock110000
Additional paid in capital56,96339,51314,48611,75711,11910,399
Accumulated other comprehensive income (loss)(41)3(43)(2)(6)(0)
Accumulated deficit(31,147)(21,986)(13,879)(11,115)(9,735)(8,541)
Other undisclosed equity, attributable to parent     22
Equity, attributable to noncontrolling interest      
Other undisclosed equity      540
Total equity:25,77717,5315656401,3792,400
TOTAL LIABILITIES AND EQUITY:28,64220,5652,6342,4272,4353,603

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues11,7107,7405,6905,8705,7276,005
Revenue, net6,005
Cost of revenue(9,221)(5,880)(4,464)(4,646)(4,692)(4,854)
Gross profit:2,4891,8601,2251,2231,0351,151
Operating expenses(9,691)(8,482)(3,259)(2,335)(2,164)(2,708)
Other undisclosed operating loss      (20)
Operating loss:(7,202)(6,622)(2,034)(1,111)(1,130)(1,578)
Nonoperating income (expense)(132)(1,485)729268572,391
Investment income, nonoperating      
Gain (loss), foreign currency transaction, before tax(129)(46)241 33
Other nonoperating income  26 572,358
Interest and debt expense(24)21(5)(5)(0)1
Other undisclosed loss from continuing operations before equity method investments, income taxes(1,728)     
Income (loss) from continuing operations before equity method investments, income taxes:(9,087)(8,087)(1,309)(849)(1,073)814
Loss from equity method investments(1,739)     
Other undisclosed income (loss) from continuing operations before income taxes3,492(21)(1,454)(530)(113)(4,730)
Loss from continuing operations before income taxes:(7,334)(8,108)(2,763)(1,379)(1,186)(3,916)
Income tax expense(87) (4)(1)(9)(23)
Other undisclosed loss from continuing operations      
Loss from continuing operations:(7,421)(8,108)(2,767)(1,380)(1,195)(3,939)
Loss before gain (loss) on sale of properties:(8,108)(2,767)(1,380)(1,195)(3,939)
Other undisclosed net income      
Net loss:(7,421)(8,108)(2,767)(1,380)(1,195)(3,939)
Net income (loss) attributable to noncontrolling interest(1,739)     
Other undisclosed net income attributable to parent   4   
Net loss attributable to parent:(9,161)(8,108)(2,763)(1,380)(1,195)(3,939)
Preferred stock dividends and other adjustments    (202)  
Other undisclosed net income available to common stockholders, basic    404 33
Net loss available to common stockholders, diluted:(9,161)(8,108)(2,763)(1,178)(1,195)(3,907)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(7,421)(8,108)(2,767)(1,380)(1,195)(3,939)
Other comprehensive income (loss)(44)46(41)4(6)33
Other undisclosed comprehensive income      
Comprehensive loss:(7,465)(8,062)(2,808)(1,376)(1,200)(3,907)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,739)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  4   
Comprehensive loss, net of tax, attributable to parent:(9,205)(8,062)(2,804)(1,376)(1,200)(3,907)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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