NextPlat Corp (NXPL) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,26872975143233115963
Cash and cash equivalents17,26872975143233115963
Receivables942253320258384151182
Inventory, net of allowances, customer advances and progress billings1,020361366269333335252
Inventory1,020361366269333335252
Prepaid expense97219282171192
Other current assets49289744483043
Total current assets:19,3751,3728777151,0818021,632
Noncurrent Assets
Operating lease, right-of-use asset235684
Property, plant and equipment1,0431,1061,3411,5201,7571,9782,219
Intangible assets, net (including goodwill)75100125200225250275
Intangible assets, net (excluding goodwill)75100125200225250275
Prepaid expense50     190
Total noncurrent assets:1,1901,2621,5501,7201,9822,2282,684
TOTAL ASSETS:20,5652,6342,4272,4353,0633,0304,316
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0631,0531,164874856537610
Accounts payable846747901    
Accrued liabilities423347    
Employee-related liabilities2022    
Taxes payable5719221112  
Interest and dividends payable010035    
Other undisclosed accounts payable and accrued liabilities98151157864843537610
Deferred revenue373741
Debt2012254   74
Derivative instruments and hedges, liabilities     1311
Due to related parties351025139767 
Disposal group, including discontinued operation112112112112112112112
Deferred revenue and credits2163 
Other undisclosed current liabilities1,51391223012 19
Total current liabilities:2,7811,5171,4441,0561,2047211,127
Noncurrent Liabilities
Long-term debt and lease obligation254553343    
Long-term debt, excluding current maturities254530292    
Operating lease, liability 2352
Liabilities, other than long-term debt      307
Derivative instruments and hedges, liabilities      307
Other undisclosed noncurrent liabilities (23)     
Total noncurrent liabilities:254553343   307
Total liabilities:3,0352,0691,7881,0561,2047211,434
Stockholders' equity
Stockholders' equity attributable to parent, including:17,5315656401,3791,8602,3102,882
Common stock1000062
Additional paid in capital39,51314,48611,75711,11910,3996,9364,902
Accumulated other comprehensive income (loss)3(43)(2)(6)(0)(33)(12)
Accumulated deficit(21,986)(13,879)(11,115)(9,735)(8,541)(4,601)(2,011)
Other undisclosed stockholders' equity attributable to parent   2232
Other undisclosed stockholders' equity    540  
Total stockholders' equity:17,5315656401,3792,4002,3102,882
TOTAL LIABILITIES AND EQUITY:20,5652,6342,4272,4353,6033,0304,316

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7,7405,6905,8705,7276,0054,6993,951
Revenue, net6,0054,6993,951
Cost of revenue(5,880)(4,464)(4,646)(4,692)(4,854)(3,624)(2,839)
Gross profit:1,8601,2251,2231,0351,1511,0751,112
Operating expenses(8,482)(3,259)(2,335)(2,164)(2,708)(2,706)(3,103)
Other undisclosed operating loss    (20)  
Operating loss:(6,622)(2,034)(1,111)(1,130)(1,578)(1,631)(1,991)
Nonoperating income (expense)(1,485)729268572,391939126
Investment income, nonoperating      64
Foreign currency transaction gain (loss), before tax(46)241 33(21)(11)
Other nonoperating income 26 572,35895973
Interest and debt expense(538)(5)(5)(0)1603(175)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (2,501)(24)
Income (loss) from continuing operations before equity method investments, income taxes:(8,646)(1,309)(849)(1,073)814(2,590)(2,064)
Other undisclosed income (loss) from continuing operations before income taxes538(1,454)(530)(113)(4,730)  
Loss from continuing operations before income taxes:(8,108)(2,763)(1,379)(1,186)(3,916)(2,590)(2,064)
Income tax expense (4)(1)(9)(23)  
Net loss:(8,108)(2,767)(1,380)(1,195)(3,939)(2,590)(2,064)
Other undisclosed net income attributable to parent 4     
Net loss attributable to parent:(8,108)(2,763)(1,380)(1,195)(3,939)(2,590)(2,064)
Preferred stock dividends and other adjustments  (202)    
Other undisclosed net income (loss) available to common stockholders, basic  404 33(21)(11)
Net loss available to common stockholders, diluted:(8,108)(2,763)(1,178)(1,195)(3,907)(2,611)(2,076)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(8,108)(2,767)(1,380)(1,195)(3,939)(2,590)(2,064)
Other comprehensive income (loss)46(41)4(6)33(21)(11)
Comprehensive loss:(8,062)(2,808)(1,376)(1,200)(3,907)(2,611)(2,076)
Other undisclosed comprehensive income, net of tax, attributable to parent 4     
Comprehensive loss, net of tax, attributable to parent:(8,062)(2,804)(1,376)(1,200)(3,907)(2,611)(2,076)

Statements sources

The financial statements are based on the company's filings with the 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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